0035 GMT - Property manager Charter Hall's share price had rallied ahead of its 1H earnings and a strong result fuels another 5.4% gain today. Charter Hall upgraded guidance for annual operating EPS by 2.5% to 81 Australian cents, which was ahead of consensus forecasts for 79.1 cents. "More importantly, activity across the platform has increased significantly, with 1H gross transactions and gross equity inflows in line with full year FY 2024 levels, which should set up the business for attractive growth," Jarden analyst Lou Pirenc says. Charter Hall should benefit from interest rates coming down and an improving market for property transactions, says Jarden, which has an overweight call on its stock.(david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
February 19, 2025 19:36 ET (00:36 GMT)
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