CHARTER HALL LONG WALE REIT (CLW)
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CLW

CLW - CHARTER HALL LONG WALE REIT

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Debt/EBITDA: 16.91
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

$4.26

06 Nov
2025

0.040

OPEN

$4.23

0.95%

HIGH

$4.28

984,425

LOW

$4.22

TARGET
$4.44 4.2% upside
OTHER COMPANIES IN THE SAME SECTOR
ABG . AOF . ARF . ASK . BWP . CDP . CDP . CHC . CIP . COF . CQE . CQR . DGT . DXC . DXI . DXS . ECF . GDF . GDI . HCW . HDN . NSR . PLG . REP . RFF . RGN . SCG . TGP . VCX . WOT . WPR .
FNARENA'S MARKET CONSENSUS FORECASTS
CLW: 1
Title FY24
Actual		 FY25
Actual		 FY26
Forecast		 FY27
Forecast
EPS (cps) xxx 16.6 25.1 xxx
DPS (cps) xxx 25.0 25.5 xxx
EPS Growth xxx N/A 51.4% xxx
DPS Growth xxx - 3.8% 2.1% xxx
PE Ratio xxx N/A 17.0 xxx
Dividend Yield xxx N/A 6.0% xxx
Div Pay Ratio(%) xxx 151.0% 101.8% xxx

Dividend yield today if purchased 3 years ago: 5.94%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

 5.87

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: 30/12 - (franking ex-di

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2025 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

-0.2

No. Of Recommendations

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

Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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Macquarie

xx/xx/xxxx

5

xxxxxxxxxxxx

$xx.xx

xx.xx%

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Citi

24/09/2025

3

Downgrade to Neutral from Buy

$4.70

10.33%

Citi sees limited near-term earnings growth for Charter Hall Long WALE REIT despite a strong share price rally. Operational earnings growth is expected to be around 3% over coming years as inflation returns to more normal levels.

Acquisitions have historically driven growth, notes the broker, but gearing has risen to around 40% following recent deals, above peers and near management’s tolerance. It's felt this factor could restrict further acquisitions.

Some asset value upside is possible through cap rate compression, though the analysts believe progress will be slower than peers.

Macquarie raises its target price to $4.70 from $4.40 and downgrades to Neutral from Buy.

FORECAST
Citi forecasts a full year FY26 dividend of 25.60 cents and EPS of 25.60 cents.
Citi forecasts a full year FY27 dividend of 26.40 cents and EPS of 26.40 cents.

UBS

xx/xx/xxxx

3

xxxxxxx

$xx.xx

xx.xx%

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Morgan Stanley

xx/xx/xxxx

3

xxxxx-xxxxxx

$xx.xx

xx.xx%

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

11/09/2025

4

Underweight

$4.50

5.63%

Jarden notes REIT stocks outperformed in August, up 6.2%, with the performance supported by the sector exceeding elevated expectations during the result season.

Macro tailwinds like rate cuts, cap rate compression and limited supply support rental/price growth and asset values. Balance sheets are healthy, enabling capital deployment and potential consolidation-driven upside.

Among key risks in the broker's view are elevated rates vs past cycles, regulatory headwinds, and a wide gap between underlying and cash-backed earnings.

The broker notes Charter Hall Long WALE REIT has outperformed the sector over the last six months, and now suggests a better risk-reward lays elsewhere. But this could change if management continues to execute and surprise on the upside.

Underweight. Target rises to $4.50 from $4.20.

FORECAST
Jarden forecasts a full year FY26 dividend of 25.50 cents and EPS of 25.60 cents.
Jarden forecasts a full year FY27 dividend of 24.90 cents and EPS of 25.10 cents.
Access Extra Coverage Research History >

CLW STOCK CHART

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Latest REITs News

1
Australian Listed Real Estate Tables – 03-11-2025

Nov 03 2025 - Weekly Reports
2
Bull Flag For Charter Hall

Oct 28 2025 - Technicals
3
Australian Listed Real Estate Tables – 27-10-2025

Oct 27 2025 - Weekly Reports
4
Australian Listed Real Estate Tables – 20-10-2025

Oct 20 2025 - Weekly Reports
5
Australian Listed Real Estate Tables – 13-10-2025

Oct 13 2025 - Weekly Reports
6
Australian Listed Real Estate Tables – 06-10-2025

Oct 06 2025 - Weekly Reports
7
Australian Listed Real Estate Tables – 29-09-2025

Sep 29 2025 - Weekly Reports
8
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Sep 22 2025 - Australia
9
Australian Listed Real Estate Tables – 22-09-2025

Sep 22 2025 - Weekly Reports
10
Australian Listed Real Estate Tables – 15-09-2025

Sep 15 2025 - Weekly Reports