Charter Hall has upgraded its full-year earnings per share guidance on the back of strong business activity since the start of the financial year, and the absence of expected future events.
The property group told shareholders at its annual general meeting today that it revised its guidance for full-year operating earnings per security, upgrading expected growth to come in between 7 and 9 per cent.
Charter Hall has had a strong start to fiscal 2015, acquiring 54 hospitality and retail assets, for a total of $603 million in a partnership with Hostplus, leased to ALH Group, a subsidiary of Woolworths, for 20 years.
The group also launched a direct industrial fund targetting $150m in equity raising.
The group said strong transaction momentum continued in the fresh financial year.
"Charter Hall continues to focus on investing in assets with strong tenant covenants and long leases, delivering sustainable income and capital growth for Charter Hall and it’s investors," joint managing directors David Harrison and David Southon said.