0037 GMT - Charter Hall could grow its property assets under management to some A$89 billion by FY 2027, from A$66.4 billion now, reckons Morgan Stanley. That would result in performance and transaction fees of around A$115 million in FY 2027, estimates analyst Simon Chan. This outlook is predicated on a recovery in cap rates and capital flows. MS raises its price target by 13% to A$22.60/share, although it assumes Charter Hall achieves that level of property AUM by FY 2028. This time difference allows for any potential lag in fundraising, deployment, or deal settlement, the bank says. Charter Hall is up 1.6% at A$18.46. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

June 01, 2025 20:37 ET (00:37 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.