CHARTER HALL LONG WALE REIT (CLW)
Share Price Analysis and Chart

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CLW - CHARTER HALL LONG WALE REIT

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 15.73
Index: ASX200 | ASX300 | ALL-ORDS

Charter Hall Long WALE is an Australian Real Estate Trust investing in real estate assets that are predominantly leased to corporate and government tenants. It has been listed since 2016.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$3.94

19 Nov
2024

0.040

OPEN

$3.89

1.03%

HIGH

$3.98

912,833

LOW

$3.88

TARGET
$3.838 -2.6% downside
OTHER COMPANIES IN THE SAME SECTOR
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FNARENA'S MARKET CONSENSUS FORECASTS
CLW: 1
Title FY23
Actual		 FY24
Actual		 FY25
Forecast		 FY26
Forecast
EPS (cps) xxx - 70.7 25.0 xxx
DPS (cps) xxx 26.0 25.1 xxx
EPS Growth xxx N/A N/A xxx
DPS Growth xxx - 7.1% - 3.5% xxx
PE Ratio xxx N/A 15.6 xxx
Dividend Yield xxx N/A 6.4% xxx
Div Pay Ratio(%) xxx N/A 100.3% xxx

Dividend yield today if purchased 3 years ago: 5.38%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 6.67

Estimated Dividend Growth
(Average Of Past Three Years)

  %

Amount Invested

 $ 

Tell Me The Dividend After This Many Years
Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 27/06 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2024 FactSet UK Limited. All rights reserved
Title 201920202021202220232024
EPS Basic xxxxxxxxxxxxxxx-70.7
DPS All xxxxxxxxxxxxxxx26.0
Sales/Revenue xxxxxxxxxxxxxxx203.2 M
Book Value Per Share xxxxxxxxxxxxxxx466.1
Net Operating Cash Flow xxxxxxxxxxxxxxx187.3 M
Net Profit Margin xxxxxxxxxxxxxxx-251.44 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201920202021202220232024
Return on Capital Employed xxxxxxxxxxxxxxx-13.73 %
Return on Invested Capital xxxxxxxxxxxxxxx-9.22 %
Return on Assets xxxxxxxxxxxxxxx-8.92 %
Return on Equity xxxxxxxxxxxxxxx-13.73 %
Return on Total Capital xxxxxxxxxxxxxxx1.96 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-4.4 M

Return on Capital Employed

Return on Invested Capital

Return on Assets

Return on Equity

Return on Total Capital

Free Cash Flow ex dividends

Title 201920202021202220232024
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx1,705 M
Total Debt xxxxxxxxxxxxxxx1,705 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx23 M
Price To Book Value xxxxxxxxxxxxxxx0.70

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 201920202021202220232024
Capex xxxxxxxxxxxxxxx0.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.00 %
Cost of Goods Sold xxxxxxxxxxxxxxx67 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx28 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx2,519 M

Capex

Capex % of Sales

Cost of Goods Sold

Selling, General & Admin. Exp & Other

Research & Development

Investments - Total

EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.0

No. Of Recommendations

5
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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Citi

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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UBS

15/08/2024

3

Neutral

$4.15

(01/10/2024)

5.33%

It is UBS's assessment Charter Hall Long WALE REIT's FY24 met expectations but FY25 missed due to hedging being pushed out to FY26.

The broker comments key operating metrics remain sound and CPI-linked, NNN leases continue to provide inflation protection.

The REIT is selling assets to strengthen the balance sheet and UBS highlights this is not without disadvantages as total valuation declines too.

Ongoing challenges are priced in, the broker argues, but better value is seen elsewhere. Neutral. Target falls to $3.50 from $3.54.

FORECAST
UBS forecasts a full year FY25 dividend of 25.00 cents and EPS of 25.00 cents.
UBS forecasts a full year FY26 dividend of 24.00 cents and EPS of 24.00 cents.

Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Login above or Get a Free Trial
Access Stockbroker Research History >
EXTRA COVERAGE
Display All Commentary

No. Of Recommendations

1

Please note: unlike Broker Call Report, BC Extra is not updated daily. The info you see might not be the latest. FNArena does its best to update ASAP.

BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Jarden

14/08/2024

4

Underweight

$3.60

-8.63%

Jarden believes Charter Hall Long WALE REIT is making all the right moves to support a "trough in sentiment".

The broker likes the asset divestment program and stronger capital position with a $50m buyback a tip of the hat to shareholders, even if it is small in nature.

The weighted average cost of debt of 4% sits well below the 5.5%-6% of marginal cost of debt. Jarden expects the gap to narrow and FY26/FY27 growth to be adversely impacted.

Underweight rating and $3.60 target remain.
Access Extra Coverage Research History >

CLW STOCK CHART

FNArena News on CLW

1
The Case For Charter Hall

Oct 07 2024 - Australia
2
Endeavour Navigating Choppy Seas

Aug 28 2024 - Australia
3
Australian Broker Call *Extra* Edition – Aug 14, 2024

Aug 14 2024 - Daily Market Reports
4
Rudi’s View: August Results – Early Beginnings

Aug 14 2024 - Rudi's View
5
FNArena Corporate Results Monitor – 09-08-2024

Aug 09 2024 - Australia

Latest REITs News

1
Australian Listed Real Estate Tables – 18-11-2024

Nov 18 2024 - Weekly Reports
2
Australian Listed Real Estate Tables – 11-11-2024

Nov 11 2024 - Weekly Reports
3
Australian Listed Real Estate Tables – 04-11-2024

Nov 04 2024 - Weekly Reports
4
Australian Listed Real Estate Tables – 28-10-2024

Oct 28 2024 - Weekly Reports
5
Australian Listed Real Estate Tables – 21-10-2024

Oct 21 2024 - Weekly Reports
6
Australian Listed Real Estate Tables – 14-10-2024

Oct 14 2024 - Weekly Reports
7
The Case For Charter Hall

Oct 07 2024 - Australia
8
Australian Listed Real Estate Tables – 07-10-2024

Oct 07 2024 - Weekly Reports
9
Australian Listed Real Estate Tables – 30-09-2024

Sep 30 2024 - Weekly Reports
10
Australian Listed Real Estate Tables – 23-09-2024

Sep 23 2024 - Weekly Reports