Australia's Eureka Group hits over 9-month high on two rental community purchase

Eureka group

22/04/2026 04:04

** Shares of Eureka Group Holdings EGH.AX rise as much as 2.2% to A$0.6, their highest level since July 3, 2025

** The property manager buys Paynesville Holiday Park and Frenchview Lifestyle Village, located on the Victorian East Coast

** Company acquires Frenchview Lifestyle Village for A$7.5 million ($5.37 million), reflecting an initial yield of 7.9%

** Acquires Paynesville Holiday Park for A$6.6 million, reflecting an initial yield of 7.6%

** Stock is up 18.6% YTD, including the session's moves

($1 = 1.3965 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))