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Charter Hall Long WALE REIT (CLW) investor relations material
Charter Hall Long WALE REIT H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Operating earnings and distributions per security for 1H FY26 were AUD 0.1275, up 2% year-over-year, with NTA per security at AUD 4.68, also up 2% from June 2025.
Statutory profit for the half year ended 31 December 2025 was $153.6 million, up from $49.7 million year-over-year, reflecting strong property revaluations and early adoption of AASB 18.
Portfolio value increased to $6.0bn, with a net valuation uplift of $139 million and 99.9% occupancy, underpinned by blue-chip and government tenants.
WALE stands at 9.2 years, providing long-term income security, with 52% of lease rent reviews CPI-linked.
The REIT’s property investment activities remained stable, with no significant changes in business operations.
Financial highlights
Like-for-like net property income grew 3% year-over-year to $147.0m in 1H FY26.
Net tangible assets per security rose to $4.68, driven by positive revaluations.
Finance costs increased 13.6% due to higher average debt drawn and increased cost of debt.
Statutory earnings for 1H FY26 were $153.6m, up from $49.7m in 1H FY25, mainly due to fair value movements.
Basic earnings per stapled security rose to 21.60 cents from 6.92 cents year-over-year.
Outlook and guidance
FY26 guidance reaffirmed for operating earnings and distribution per security at AUD 0.255 (25.5 cents), representing 2% growth over FY25.
Distribution yield forecast at 6.8% based on the latest closing price.
The REIT benefits from inflation-linked revenue streams and interest rate hedging, providing resilience against macroeconomic uncertainty.
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