Property fund manager Charter Hall – which manages $81 billion of assets – has stared down the naysayers in the commercial real estate sector, delivering 2024 earnings moderately above guidance and flagging a healthy 6 per cent rise in distributions in the coming year.

That solid result, coupled with firm guidance, was met with enthusiasm. Investors sent Charter Hall stock jumping 15.8 per cent, or $1.91, to close at $14.01 after chief executive David Harrison laid out its 2024 financials.