Cedar Woods Properties (ASX:CWP) reported a 12% increase in pre-sales at the end of the fiscal third quarter, reaching over AU$788 million, from AU$700 million in the same period last year, according to a Thursday filing with the Australian bourse.

The company achieved 442 gross sales in the March quarter, its second-highest result on record, with sales lower than the prior quarter due to limited early stock availability.

Western Australia and Queensland were the company's strongest-performing markets in the third quarter, with South Australia steady and Victoria remaining weak, per the filing.

The company said it remains on track to deliver fiscal 2026 net profit after tax growth guidance of 30% to 35% and is well positioned for continued profit growth in fiscal 2027.

The company's shares rose past 2% in recent Thursday trade.