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Charter Hall Long WALE REIT (AU:CLW)
ASX:CLW
Earnings Data
Report Date
Aug 10, 2026TBA (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
0.13Last Year’s EPS
0.13Same Quarter Last Year
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive operational and financial performance: modest earnings and NTA growth, strong like-for-like income growth, near-100% occupancy, a high-quality diversified $6bn portfolio with long WALE, meaningful valuation uplift, improved funding margins and substantial hedging coverage. Management reinforced disciplined capital management (gearing within target, Moody's Baa1 rating) and executed strategic accretive transactions including a 20-year Coles DC and an 18-year WALE office partnership. Key risks discussed include higher finance costs (finance costs +13.6%), look-through gearing (41%) which may limit purely debt-funded growth, tenant transition and leasing risk at select assets (e.g., Telstra Canberra), and sensitivity to elevated market interest rates/hedge levels. On balance, positives (income growth, valuation uplift, occupancy, hedging, and capital management) outweigh the highlighted challenges, but interest rate and gearing considerations remain notable.Company Guidance
Operating Earnings and Distribution Growth
Operating earnings per security of $0.1275 for H1 FY26 (2% growth year-on-year). Reaffirmed FY26 operating earnings and distribution guidance of $0.255 per security, reflecting 2% growth over FY25.
Net Tangible Asset (NTA) Improvement
NTA per security increased to $4.68 at 31 December 2025, up 2% from 30 June 2025, driven by positive revaluations (partly offset by fair value movement of debt and derivatives).
Like-for-Like Net Property Income Growth
Like-for-like net property income grew by 3% in the half, supported by net transaction activity adding incremental income to the portfolio.
High Portfolio Occupancy and Long WALE
Portfolio occupancy at 99.9% and weighted average lease term (WALE) of 9.2 years, supporting predictable long-term rental cash flows and resilience of income.
Valuation Uplift from Independent Valuations
86% of the portfolio was independently valued during the half, producing a $139 million net valuation uplift (c. 2.8% increase for properties independently valued).
Strong Capital Management and Hedging
Completed ~$700m of earnings-accretive debt refinancing initiatives and established $1.1bn of new interest rate hedging. Hedging coverage ~80% for the balance of FY26 and ~71% on average for FY27; look-through weighted average cost of debt ~4.4% with average fixed hedged rate ~2.6%.
Improved Funding Margins
All-in margin across the platform reduced to ~140 basis points (from ~145 bps previously and ~150 bps earlier), reflecting successful refinancing initiatives and JV-level financing (including a $375m ALE facility).
Strategic Acquisitions and Portfolio Enhancements
Settled $376m of net transactions (acquisitions $455m, divestments $79m). Notable acquisitions: 49.9% interest in a new Coles automated distribution centre (20-year lease; CLW share on completion value $219.6m; on-completion value forecast $440m; completion 2027) and a $17.6m equity stake in a long-WALE CBD office partnership (98% occupied, 18-year WALE).
Diversified $6bn Portfolio and Attractive Yield
Portfolio ~515 properties valued at ~ $6 billion, average cap rate c. 5.4%, 49% of income from triple-net leases, average annual rent increases ~3.1%. Based on recent price, forecast distribution yield ~6.8% for FY26.
Credit Rating and Liquidity Metrics
Moody's reaffirmed CLW's Baa1 investment-grade credit rating. Balance sheet gearing 29.8% (within 25–35% target); look-through gearing 41% with covenant headroom (covenant at 50%). Interest coverage ratio ~2.9x as at 31 December 2025.
ESG and Sustainability Progress
Maintained net zero Scope 1 and 2 emissions for assets under Charter Hall operational control, installed 9.4 MW of solar (up 0.5 MW in 6 months), NABERS Energy 5.4 and Water 4.9 (up 0.2), and achieved a GRESB score of 82 (up 4 points year-on-year).
AU:CLW Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
AU:CLW Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 11, 2026 | AU$3.76 | AU$3.72 | -1.06% |
Aug 05, 2025 | AU$4.06 | AU$4.14 | +1.97% |
Feb 06, 2025 | AU$3.67 | AU$3.62 | -1.36% |
Aug 07, 2024 | AU$3.15 | AU$3.18 | +0.95% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Charter Hall Long WALE REIT (AU:CLW) report earnings?
Charter Hall Long WALE REIT (AU:CLW) is schdueled to report earning on Aug 10, 2026, TBA (Confirmed).
What is Charter Hall Long WALE REIT (AU:CLW) earnings time?
Charter Hall Long WALE REIT (AU:CLW) earnings time is at Aug 10, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Charter Hall Long WALE REIT stock?
The P/E ratio of Charter Hall Long WALE REIT is N/A.
What is AU:CLW EPS forecast?
AU:CLW EPS forecast for the fiscal quarter 2026 (Q4) is 0.13.