Charter Hall Long WALE REIT Stapled (2 Units)

CLW: XASX (AUS)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Charter Hall Long Wale REIT Earnings: Income Growth Weighed Down by Higher Finance Costs

Alexander Prineas

Feb 8, 2024

We keep our fair value estimate unchanged at AUD 5.10 per security after no-moat Charter Hall Long Wale REIT released half-year earnings that were broadly in line with our expectations. The REIT delivered operating earnings and distributions of AUD 0.13 per security in the first half of fiscal 2024 and reaffirmed the full-year distribution guidance of AUD 0.26 per security. This is in line with our unchanged estimate and equates to a 6.7% yield at the current security price.

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Charter Hall Long WALE REIT Stapled (2 Units)

Charter Hall Long Wale REIT Earnings: Income Growth Weighed Down by Higher Finance Costs

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