diff --git a/php-mode.el b/php-mode.el
index 8d220d25..ceaef2e0 100644
--- a/php-mode.el
+++ b/php-mode.el
@@ -636,8 +636,11 @@ might be to handle switch and goto labels differently."
 (defun php-lineup-cascaded-calls (langelem)
   "Line up chained methods using `c-lineup-cascaded-calls',
 but only if the setting is enabled"
-  (when php-mode-lineup-cascaded-calls
-    (c-lineup-cascaded-calls langelem)))
+  (if php-mode-lineup-cascaded-calls
+      (c-lineup-cascaded-calls langelem)
+    (save-excursion
+      (beginning-of-line)
+      (if (looking-at-p "\\s-*->") '+ nil))))
 
 (c-add-style
  "php"
diff --git a/tests/indent/issue-623.php b/tests/indent/issue-623.php
new file mode 100644
index 00000000..d1059fef
--- /dev/null
+++ b/tests/indent/issue-623.php
@@ -0,0 +1,17 @@
+<?php
+
+$object = new DateTime();
+
+$object->something()
+    ->something(); // ###php-mode-test### ((indent 4))
+
+var_dump(
+    $object->something() // ###php-mode-test### ((indent 4))
+        ->something(), // ###php-mode-test### ((indent 8))
+); // ###php-mode-test### ((indent 0))
+
+$arr = [
+    $object->something() // ###php-mode-test### ((indent 4))
+    /* comment */ ->something() // ###php-mode-test### ((indent 4))
+        ->something(), // ###php-mode-test### ((indent 8))
+]; // ###php-mode-test### ((indent 0))
diff --git a/tests/php-mode-test.el b/tests/php-mode-test.el
index 4b3598e9..670304a9 100644
--- a/tests/php-mode-test.el
+++ b/tests/php-mode-test.el
@@ -645,6 +645,10 @@ Meant for `php-mode-test-issue-503'."
     (goto-char (point-min))
     (should (eq (php-mode-test-in-function-p nil) nil))))
 
+(ert-deftest php-mode-test-issue-623 ()
+  "Proper alignment object -> accessor."
+  (with-php-mode-test ("indent/issue-623.php" :indent t :magic t)))
+
 (ert-deftest php-mode-test-php74 ()
   "Test highlighting language constructs added in PHP 7.4."
   (with-php-mode-test ("7.4/arrow-function.php" :faces t))