Charter Hall Long WALE REIT (ASX:CLW) Publishes 2025 Half Year Results
Financial Performance
Charter Hall Long WALE REIT reported an operating earnings per security (EPS) of 12.5 cents for the first half of FY25, aligning with its guidance. The REIT achieved a 3.5% like-for-like net property income growth and maintained a net tangible assets (NTA) per security of $4.62. The portfolio valuation stands at $5.5 billion, with a weighted average lease expiry (WALE) of 9.7 years and an occupancy rate of 99.8%.
Operational Update and Portfolio Overview
The REIT completed its asset sales program, settling $300 million in contracted divestments and executing a $50 million security buy-back. The portfolio is diversified across retail, industrial and logistics, data centres and social infrastructure, and office sectors. Notable acquisitions include Narrabeen Sands Accommodation and BWS Crows Nest, both leased to Endeavour Group. Additionally, the Coles Distribution Centre in Perth underwent a 12-year lease reset following an expansion, enhancing rentalised GLA by 11,040 sqm.
ESG Leadership
Charter Hall Long WALE REIT maintained its Net Zero Scope 1 and Scope 2 emissions, supported by renewable energy initiatives and nature-based offsets. The portfolio includes 8.3MW of solar installations, supplying over 90% directly to tenants. The REIT also contributed over $200,000 to community grants, supported 13 community-led recovery projects, and engaged in over 900 hours of community volunteering.
FY25 Guidance
The REIT reaffirmed its FY25 Operating EPS and DPS guidance of 25.0 cents per security, reflecting confidence in continued stable financial performance.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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