Australia's Charter Hall at 3-week high on bullish forecast, results

Charter Hall Retail REIT

23/08/2022 04:00

** Shares of property investment management co Charter Hall
Retail REIT  CQR.AX  rise as much as 2.5% to A$4.13, their
highest since Aug. 2
    ** CQR sees distributions per unit of no less than 25.7 AU
cents per unit for FY23; up 4.9% from the 24.5 AU cents recorded
in FY22  urn:newsml:reuters.com:*:nASX7X2QC8
    ** FY23 earnings per unit expected to be not less than 28.6
AU cents; up 0.7% from the 28.4 AU cents per unit for FY22
    ** FY22 profit attributable up 127.9% to A$663.6 Mln 
($457.68 mln), says co 
    ** Co recorded a revenue from ordinary activities of A$200.8
mln for FY22, up 4.8% 
    ** Stock posts its biggest intraday pct gain since Aug. 4
    ** Stock down ~5.4% this year, as of last close

($1 = 1.4499 Australian dollars)

 (Reporting by Anan Ashraf in Bengaluru)
 ((Anan.Ashraf@thomsonreuters.com;))