Australia's Eureka Group hits near 2-year high on strong annual earnings outlook

Eureka group

15/06/2026 06:25

** Shares of Australia's Eureka Group EGH.AX rise as much as 5% to A$0.625, its highest level since Oct. 31, 2024
** Stock logs biggest intraday pct gain since March 2
** The property manager now expects FY26 underlying operating earnings to be between or above the top of the A$20.2 million-A$21.1 million ($14.30 million-$14.94 million) range, up by 20-25% on FY25
** Says it has commenced selldown of rental units at its Bundamba and Eagleby rental communities in Australia
** Expects capital of between A$22 million and A$24 million over the next 2-3 years with sale
** YTD, stock up 27.8% 

($1 = 1.4122 Australian dollars)

 (Reporting by Aamir Sheik Khalid in Bengaluru)
 ((Aamir.SheikKhalid@thomsonreuters.com))