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The latest announcement is out from Charter Hall Long WALE REIT ( (AU:CLW) ).
Charter Hall Long WALE REIT reported operating earnings of $89.8 million for the first half of FY25, with significant milestones including a $50 million buy-back program and $289 million in net property divestments. The REIT maintained high portfolio occupancy at 99.8% and executed key strategic acquisitions and lease expansions, reflecting its robust market position with a long WALE of 9.7 years. The company’s financial stability is underpinned by a balanced capital position, with Moody’s reaffirming its Baa1 investment grade rating, indicating a stable outlook for stakeholders.
More about Charter Hall Long WALE REIT
Charter Hall Long WALE REIT is involved in the real estate investment trust industry, focusing on properties with long weighted average lease expiries (WALE). The company specializes in owning and managing a diversified portfolio of high-quality, long-lease assets across various sectors, including hospitality and logistics, primarily in Australia.
YTD Price Performance: 2.14%
Average Trading Volume: 1,221,239
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$2.71B
For a thorough assessment of CLW stock, go to TipRanks’ Stock Analysis page.
