Cedar Woods Properties' (ASX:CWP) strong sales and pricing conditions support the company's recent guidance upgrade, which, in turn, are driven by supportive macro conditions, according to a Wednesday Euroz Hartleys note.

The company on Wednesday said it now expects an at least 20% growth in fiscal 2026 after-tax net profit, up from its earlier guidance of 15% growth, leading to a "record" profit and increased dividend distribution.

The research firm said it expects increased net profit after tax numbers to support higher dividends.

Euroz Hartleys maintained its buy rating on CWP, with a price target of AU$9.89 under review.

The real estate company's shares were down nearly 1% in recent Thursday trade.