Charter Hall Long WALE REIT $150 million uplift from independent valuations

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Charter Hall WALE Limited as responsible entity of Charter Hall Long WALE REIT (ASX:CLW) (“CLW” or the “REIT”) today announces that 89%¹ of the REIT’s portfolio has been independently valued as at 31 December 2020. This has resulted in a $150 million net valuation uplift or a 4.5% increase over prior book values for those properties independently valued.

Post the revaluations, the portfolio’s overall weighted average capitalisation rate firmed by 18 bps from 5.42% to 5.24%.

The REIT confirms that all properties in its portfolio have been independently valued at least once over the past 12 months.

^{1 Based on CLW’s portfolio valuation of $3.9 billion, including the bp New Zealand portfolio announced on 10 September 2020, which has exchanged with settlement subject to New Zealand Overseas Investment Office approval.}

Announcement authorised by the Board

Click here to view the ASX Announcement