Charter Hall Long WALE REIT (CLW) invests in and manages a high quality and diversified real estate portfolio predominantly leased to corporate and government tenants on long term leases.
In FY20, CLW had another year of strong operating performance, delivering stable and secure income and achieving both income and capital growth. Strategically diversified by geography, tenant, industry and property type, CLW can provide a more predictable and lower-risk cash flow, delivering sustainable returns to investors.
"Charter Hall Long WALE REIT has had another year of strong operating performance, delivering stable and secure income and achieving both income and capital growth."
Charter Hall Long WALE REIT (CLW or the REIT) has had another year of strong operating performance. In FY20, we have delivered stable and secure income and achieved both income and capital growth. CLW reported operating earnings of 28.3 cents per security for FY20, up 5.2% from FY19 and distributions per security for FY20 of 28.3 cents, also up 5.2% on FY19, representing a 100% payout ratio.
Charter Hall Long WALE REIT (ASX:CLW) focuses on providing secure and growing income streams for investors through its exposure to a long weighted average lease expiry (WALE) portfolio of properties, diversified across sectors.
Charter Hall Retail REIT's (ASX:CQR) focus remains on providing a secure and growing income stream for our investors. We achieve this through maintaining our position as the leading owner and manager of property for convenience retailers.
Charter Hall Social Infrastructure REIT (ASX:CQE) continues its focus on enhancing its social infrastructure portfolio with a diligent approach to asset acquisitions and disposals, as well as leasing and development, matched with prudent capital management.