Charter Hall Long WALE REIT Announces 2026 Full Year Results
Key points
- FY26 operating earnings of $181.9 million, 2.0% growth
- FY26 distributions of 25.5 cents per security
- Portfolio occupancy at 99.9%, maintaining high income security
Full summary
Charter Hall Long WALE REIT (ASX: CLW) reported its full year results for the year ended 30 June 2026, highlighting growth in operating earnings and distributions. The REIT delivered operating earnings of $181.9 million, representing a 2.0% increase from the prior corresponding period, and distributions of 25.5 cents per security. The portfolio maintained a high occupancy rate of 99.9%, with a weighted average lease expiry (WALE) of 9.2 years. The REIT also completed strategic transactions, including divestments and new investments, enhancing the portfolio's WALE and income exposure to defensive sectors. Additionally, CLW refinanced its balance sheet debt, transitioning to a new $2.0 billion secured debt platform with improved terms and extended maturities.
Guidance
FY27 operating earnings per security guidance of 25.5 cents and distribution per security guidance of 25.5 cents.
Outlook
CLW enters FY27 with a high-quality portfolio, long WALE leases, and a strengthened capital structure. The REIT aims to enhance portfolio quality through active curation and asset management, while maintaining capital efficiency.
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