Charter Hall Long WALE REIT (CLW) H2 2026 earnings summary

Executive summary

• Operating earnings and distributions per security reached 25.5 cents (AUD 0.255), up 2% year-over-year, in line with guidance.

• Net acquisitions of AUD 248 million and active asset curation enhanced portfolio quality and earnings.

• Completed AUD 2 billion secured debt platform refinancing, reducing debt margin by 20 bps and extending maturities.

• Portfolio value increased to AUD 6.1 billion with 505 properties and 99.9% occupancy.

• Maintained a long 9.2-year WALE, providing stable, predictable income.

Financial highlights

• Net tangible assets per security increased 2.6% to AUD 4.71 as of June 2026.

• Portfolio valuation increased by AUD 188 million (3.2%) to AUD 6.1 billion.

• Like-for-like net property income rose 3.1% year-over-year.

• Statutory earnings rose to AUD 275.9 million, reflecting positive fair value movements.

• 51% of leases are triple net, and 54% of rent reviews are CPI-linked.

Outlook and guidance

• FY27 guidance for operating earnings and distributions per security maintained at 25.5 cents (AUD 0.255).

• Forecast distribution yield of 6.7% based on recent closing price.

• Guidance assumes no accretive transactional activity and factors in lease expiries and capital works downtime.