As we eye the last few hours of the trading week, the S&P/ASX 200 Index (ASX: XJO) is up 0.5% since last Friday's close, with 2 ASX 200 shares doing a lot of the heavy lifting.
Which outperforming stocks are we talking about?
Read on!
Two ASX 200 shares smashing the benchmark this week
The first ASX 200 share that's amply rewarded investors this week is Charter Hall Group (ASX: CHC).
Shares in the Australian property investment and funds management company closed last Friday trading for $12.53. In afternoon trade today, shares are changing hands for $14.60, up 16.5%. Charter Hall shares also trade on a 3.1% partly franked dividend yield.
With shares in the green at time of writing, Tuesday was the only down day for the stock.
Most of the outsized gains were delivered on Wednesday, when the ASX 200 share closed up 15.8%. That came following the release of Charter Hall's FY 2024 earnings results.
Those results were mixed, with operating earnings coming in at $358 million, while the company still posted a full year statutory loss of $222 million. And funds under management (FUM) fell by $6.5 billion to $81 billion.
But Charter Hall pleased passive income investors with a record high final dividend of 23 cents per share.
Likely boosting investor sentiment was the company's property investment portfolio, valued at $2.8 billion with an occupancy rate of 97.4%. With $1.3 billion of developments in FY 2024, the company has a development pipeline valued at $12.5 billion. This includes some $5 billion of committed developments.
Looking ahead, management said Charter Hall is "well positioned to take advantage of a lower interest rate environment as it emerges".
Which brings us to the second ASX 200 share shooting the lights out this week, WiseTech Global Ltd (ASX: WTC).
WiseTech shares closed last Friday trading for $93.75. At the time of writing, shares in the logistics software as a service (SaaS) provider are trading for $120.42, up 28.5%. WiseTech also trades on a slender partly franked dividend yield of 0.1%.
The WiseTech share price closed up 7.8% yesterday, but most of the outsized gains were delivered on Wednesday when shares finished the day up a blistering 18.4%.
Like Charter Hall, this strong performance was driven by the release of WiseTech's FY 2024 results.
Among the key metrics helping boost the ASX 200 share was a 28% year on year increase in revenue to $1.04 billion and a 28% increase in earnings before interest, taxes, depreciation and amortisation (EBITDA) to $496 million.
Underlying net profit after tax (NPAT) came to $284 million, up 15% from FY 2023.
And management offered strong growth guidance for FY 2025.
EBITDA is expected to grow 33% to 41% year over year, with revenue growth of 25% to 30%.
