• Best in class diversified real estate portfolio secured by long term leases to blue-chip tenants
• Delivered FY25 operating EPS and DPS of 25.0 cents per security, in line with guidance
• Continued portfolio curation through selective and targeted divestments

Charter Hall Long WALE REIT (CLW) has reported its FY25 full year results, highlighting its best-in-class diversified real estate portfolio secured by long-term leases to blue-chip tenants. The REIT delivered FY25 operating EPS and DPS of 25.0 cents per security, in line with guidance. The portfolio maintained high occupancy of 99.9% and a long WALE of 9.3 years, with 54% of the portfolio comprising triple-net leases. CLW's financial performance saw like-for-like net property income increase by 3.0%, offset by divestment activity. The REIT continued to optimise its portfolio through selective and targeted divestments, completing $356.7 million of sales. Concurrently, CLW made several portfolio-enhancing and earnings-accretive acquisitions, including interests in critical social infrastructure assets leased to the Commonwealth Government. The REIT's balance sheet remains strong, with a reduction in gearing to 31.4% and Moody's Baa1 investment grade credit rating reaffirmed.

Based on information currently available and barring any unforeseen events, CLW is forecast to deliver FY26 Operating EPS of 25.5 cents and DPS of 25.5 cents, representing a distribution yield of 6.1%.

CLW's strategy is to provide investors with stable and secure income and target both income and capital growth through an exposure to a diversified portfolio leased to corporate and government tenants. The portfolio occupancy is 99.9% with a long WALE underpinned by leases to secure, blue-chip tenants with annual rent increases. Active curation and asset recycling continues to enhance portfolio quality and composition, with recently completed transaction activity included in FY26 guidance.