What Does Charter Hall Do?
Charter Hall Group [ASX:CHC] is a property fund manager and developer that operates across Australia. It is active in the office, retail, industrial and residential sectors of the real estate industry.
What is Happening to Charter Hall’s Share Price?
Since hitting a low in October 2014, the stock has been in a strong uptrend. Since it closed at $4.11 on 7 October, it’s risen to hit as high as $5.30. However, the stock price has some way to go to hit its all time high of $11.89 in 2007.
What Now for Charter Hall?
With land values increasing around Australia, the outlook is bright for Charter Hall’s existing assets. As property continues to go higher over this real estate cycle, Charter Hall should be able to increase its earnings per share. If you understand how the real estate cycle works, you’ll see why Charter Hall and businesses like it are worth further investigation for your portfolio.
for The Daily Reckoning Australia