Charter Hall Retail REIT Beats with Earnings, Distribution Guidance
Dow Jones08-07
0031 GMT - Charter Hall Retail REIT's profit guidance is better than Jefferies expected. The Australian mall owner points to FY 2027 operating earnings of at least 27.3 Australian cents/unit. That implies minimum growth of 3.5% on FY 2026. Jefferies had forecast an FY 2027 outcome of 26.9 Australian cents/unit, and notes it's also a slight beat to consensus forecasts. Charter Hall Retail REIT's distribution guidance of 26.4 Australian cents/unit is also ahead of market hopes. "We would expect minor positive consensus earnings revisions following today's results," says analyst Andrew Dodds. He rated Charter Hall Retail REIT a buy with a A$4.22 price target ahead of the result. Charter Hall Retail REIT is up 1.7% at A$4.13.
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