Australia's Charter Hall Reit jumps on reconfirming FY24 forecast

Charter Hall Retail REIT

15/02/2024 23:39

** Shares of Charter Hall Retail Reit  CQR.AX  rise as much
as 2.9% to A$3.850, set for its best day since Dec. 15 - if
current gains hold
    ** Investment management co posts its HY result and
reaffirms its FY24 operating earnings forecast of about 27.4 AU
cents per unit
    ** Co posts HY operating earnings of 13.52 AU cents per
unit, in line with Visible Alpha and consensus expectations,
says Citi
    ** Declares interim distribution of 12.30 AU cents per share
    ** Stock has risen over 3% this year as of last close

 (Reporting by Rajasik Mukherjee in Bengaluru)
 ((Rajasik.Mukherjee@thomsonreuters.com;))