The REIT’s objective is to provide Investors with stable and secure income and the potential for both income and capital growth through an exposure to a portfolio with a long WALE.
The REIT will be actively managed to achieve its investment objectives and will aim to:
• grow the portfolio through direct and indirect investments across multiple real estate sectors;
• focus on assets that are predominantly leased to tenants with strong covenants on long term leases;
• diversify the portfolio across multiple real estate sectors, geographies and tenants;
• maintain a capital structure with a targeted Balance Sheet Gearing range of 25% to 35%;
• target the distribution of 100% of its Operating Earnings; and
• supplement its growth through pro-actively managing lease duration and tenant relationships.
The REIT intends to acquire additional Australasian real estate assets that satisfy its investment objectives and strategy to provide further diversification and enhance the performance of the portfolio for investors. The REIT will not invest in assets located outside of Australasia.
The REIT will continually evaluate acquisition (including joint venture) opportunities across multiple real estate sectors including those outside the Initial Portfolio at IPO. Future acquisitions may be sourced from third parties or members of the Charter Hall Group. Charter Hall will actively manage the portfolio, including through acquiring and divesting assets from time to time, to maintain and enhance the quality of the portfolio.
The strategy of the REIT is to minimise development risk, with a focus on sustainable income returns. The REIT will not undertake speculative development. The REIT may undertake development in circumstances when income risk can be substantially mitigated. The REIT may develop or redevelop existing properties to maximise returns to Securityholders.
Capitalised terms used but not defined on this website have the meaning given to them in the Charter Hall Long WALE REIT Product Disclosure Statement dated 27 September 2016 and the Supplementary Product Disclosure Statement dated 27 October 2016.
This information has been prepared by Charter Hall WALE Limited ABN 20 610 772 202 AFSL 486721 for information purposes only. This website is not an offer to sell or a solicitation or an offer to subscribe or purchase or a recommendation of any securities referred to herein and the information has not taken into account any potential investors' personal objectives, financial situation or needs. Before investing, you should consider your own objectives, financial situation and needs or you should obtain financial, legal and/or taxation advice.
Charter Hall WALE Limited does not receive fees in respect of the general financial product advice they may provide, however entities within the Charter Hall Group will receive fees for operating the stapled trusts comprising the Charter Hall Long WALE REIT (Stapled Trusts) which, in accordance with the constitutions, are calculated by reference to the value of the assets of the Stapled Trusts. Entities within the Charter Hall Group may also receive fees for managing the assets of, and providing resources to the Stapled Trusts. For more detail on fees, see the Product Disclosure Statement. To contact us, call 1300 365 585 (local call cost).
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