Charter Hall Long WALE REIT
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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.
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H1 2026 earnings summary11 Feb, 2026

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.

How AASB 18 impacts financial comparability
Drivers of investment property fair value gain
Impact of CH LEP capital return on debt
Outlook for further debt margin reduction
ALE portfolio rent reversion strategy
Rationale for new office partnership investment
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H2 20264 Aug, 2026
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Frequently asked questions

Charter Hall Long WALE REIT is an Australian Real Estate Investment Trust (REIT) that focuses on investing in high-quality real estate assets across Australasia. These assets are predominantly leased to corporate and government tenants on long-term leases, aiming to provide investors with stable and secure income alongside potential income and capital growth. The REIT's portfolio is diversified across various sectors including office, industrial & logistics, retail, and social infrastructure, with a significant presence on Australia's eastern seaboard. The company is headquartered in Sydney, New South Wales, and its shares are listed on the ASX.

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