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Charter Hall Long WALE REIT ( (AU:CLW) ) just unveiled an update.
Charter Hall Long WALE REIT announced a significant rebound in its financial performance for the half year ending December 31, 2024, reporting a statutory profit of $51.3 million compared to a loss of $258.4 million in the previous year. Despite a 14.8% reduction in revenue from ordinary activities, the REIT demonstrated financial resilience through strategic management, maintaining a stable distribution to securityholders and continuing to support its distribution reinvestment plan, though it was not active during this period.
More about Charter Hall Long WALE REIT
Charter Hall Long WALE REIT, comprising Charter Hall Direct Industrial Fund and LWR Finance Trust, operates in the real estate investment sector in Australia. It focuses on long-term leased properties, providing investors with stable income streams through its diversified portfolio of industrial assets.
YTD Price Performance: 2.14%
Average Trading Volume: 1,221,239
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$2.71B
Learn more about CLW stock on TipRanks’ Stock Analysis page.
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