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

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CLW

CLW - CHARTER HALL LONG WALE REIT

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 18.39
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

$3.51

27 Aug
2026

-0.020

OPEN

$3.53

-0.57%

HIGH

$3.53

1,915,580

LOW

$3.49

TARGET
$3.758 7.1% upside
OTHER COMPANIES IN THE SAME SECTOR
ABG . ARF . BWP . CDP . CDP . CHC . CIP . COF . CQE . CQR . DGT . DXC . DXI . DXS . FDC . GDF . GDI . HCW . HDN . PLG . REP . RFF . RGN . SCG . SKG . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
CLW: 1
Title FY25
Actual		 FY26
Actual		 FY27
Forecast		 FY28
Forecast
EPS (cps) xxx 38.7 31.5 xxx
DPS (cps) xxx 25.5 25.7 xxx
EPS Growth xxx 100.0% - 18.6% xxx
DPS Growth xxx 2.0% 0.7% xxx
PE Ratio xxx N/A 11.1 xxx
Dividend Yield xxx N/A 7.4% xxx
Div Pay Ratio(%) xxx 65.9% 81.6% xxx

Dividend yield today if purchased 3 years ago: 7.33%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 7.31

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: 29/06 - (franking ex-div 6.38c)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2026 FactSet UK Limited. All rights reserved
Title 202020212022202320242025
EPS Basic xxxxxxxxxxxxxxx16.6
DPS All xxxxxxxxxxxxxxx25.0
Sales/Revenue xxxxxxxxxxxxxxx183.6 M
Book Value Per Share xxxxxxxxxxxxxxx459.4
Net Operating Cash Flow xxxxxxxxxxxxxxx175.1 M
Net Profit Margin xxxxxxxxxxxxxxx64.42 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 202020212022202320242025
Return on Capital Employed xxxxxxxxxxxxxxx3.57 %
Return on Invested Capital xxxxxxxxxxxxxxx2.40 %
Return on Assets xxxxxxxxxxxxxxx2.32 %
Return on Equity xxxxxxxxxxxxxxx3.57 %
Return on Total Capital xxxxxxxxxxxxxxx1.83 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx-5.6 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 202020212022202320242025
Short-Term Debt xxxxxxxxxxxxxxx0 M
Long Term Debt xxxxxxxxxxxxxxx1,528 M
Total Debt xxxxxxxxxxxxxxx1,528 M
Goodwill - Gross xxxxxxxxxxxxxxx-
Cash & Equivalents - Generic xxxxxxxxxxxxxxx55 M
Price To Book Value xxxxxxxxxxxxxxx0.89

Short-Term Debt

Long Term Debt

Total Debt

Goodwill - Gross

Cash & Equivalents - Generic

Price To Book Value

Title 202020212022202320242025
Capex xxxxxxxxxxxxxxx0.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.00 %
Cost of Goods Sold xxxxxxxxxxxxxxx57 M
Selling, General & Admin. Exp & Other xxxxxxxxxxxxxxx36 M
Research & Development xxxxxxxxxxxxxxx-
Investments - Total xxxxxxxxxxxxxxx2,398 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

0.1

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

2

xxxxxxxxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Citi

14/08/2026

1

Buy

$4.00

13.96%

On further inspection post the initial take, Citi retains its Buy rating on a slightly lower target price of $4 from $4.10.

The analyst reiterates the stock is trading at a circa -20% discount to its NTA and an attractive circa 7% yield.

***

Charter Hall Long WALE REIT announced FY26 operating earnings of $181.9m, with EPS and DPS of 25.5c both in line with guidance and expectations, Citi notes at first glance.

FY27 EPS and DPS guidance is flat at 25.5c, broadly matching consensus but below the analyst's 26.2c forecast, pointing to limited near-term earnings growth.

Positively, NTA increased 2.6% to $4.71 per share, leaving the stock trading at an -18% discount, while pro forma gearing of 27.5% remains within the 25%-35% target range.

Additional portfolio activity was announced across acquisitions and divestments, although Citi flags the cessation of look-through gearing disclosure as an area of focus.

The stock is expected to trade up slightly. Buy. Target $4.10.

FORECAST
Citi forecasts a full year FY27 dividend of 26.20 cents and EPS of 26.20 cents.

UBS

xx/xx/xxxx

5

xxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

(xx/xx/xxxx)

xx.xx%

Broker commentary and detailed analysis is available for Full Members Only.
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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

18/08/2026

4

Underweight

$3.57

1.71%

Jarden retains an Underweight rating for Charter Hall Long WALE REIT with its target price decreased to $3.57 from $3.62 following an assessment of ongoing debt headwinds.

The analyst observes look-through gearing exceeding 40% alongside debt costs of 4.8% compared to a marginal cost of roughly 6%, creating significant earnings headwinds in the absence of interest rate cuts.

The broker's estimates suggest earnings growth lacks compelling appeal in a stable or higher interest rate environment, while a lower rate scenario would offer greater leverage to earnings in peer businesses.

A lack of disclosure regarding look-through debt presents a negative factor, proving most pronounced for the company given $1.3bn in look-through debt and significant upcoming reversion.
Access Extra Coverage Research History >

CLW STOCK CHART

FNArena News on CLW

1
Australian Broker Call *Extra* Edition – Aug 18, 2026

Aug 18 2026 - Daily Market Reports
2
FNArena Corporate Results Monitor – 13-08-2026

Aug 13 2026 - Australia
3
Rudi’s View: Upside Risk In Crowded Shorts

Aug 12 2026 - Rudi's View
4
Next Week At A Glance – 15-19 Jun 2026

Jun 12 2026 - Weekly Reports
5
Rudi’s View: Stagflation, No Recession

Apr 30 2026 - Rudi's View

Latest REITs News

1
Business As Usual For Charter Hall

Aug 26 2026 - Australia
2
Australian Listed Real Estate Tables – 24-08-2026

Aug 24 2026 - Weekly Reports
3
Australian Listed Real Estate Tables – 17-08-2026

Aug 17 2026 - Weekly Reports
4
Australian Listed Real Estate Tables – 10-08-2026

Aug 10 2026 - Weekly Reports
5
Australian Listed Real Estate Tables – 03-08-2026

Aug 03 2026 - Weekly Reports
6
Australian Listed Real Estate Tables – 27-07-2026

Jul 27 2026 - Weekly Reports
7
Australian Listed Real Estate Tables – 20-07-2026

Jul 20 2026 - Weekly Reports
8
Australian Listed Real Estate Tables – 13-07-2026

Jul 13 2026 - Weekly Reports
9
Australian Listed Real Estate Tables – 06-07-2026

Jul 06 2026 - Weekly Reports
10
Treasure Chest: Stockland Group

Jul 01 2026 - Treasure Chest