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Charter Hall Long WALE REIT (CLW) today announces the results of June portfolio valuations.
CLW had 529 properties, or 90% of the portfolio by gross asset value independently valued as at 30 June 2022.
The valuations resulted in a $137.7 million, or 2.0% uplift on prior book values. The overall portfolio value has increased from $7.0bn to $7.1bn and the portfolio average cap rate has compressed 3bps from 4.38% to 4.35%.
The unaudited impact of the valuations announced today represents an estimated increase in the NTA per security from $5.89 as at 31 December 2021 to $6.081, reflecting a $0.19 or 3.2% increase.
June Quarter Distribution
CLW also declares the distribution for the quarter ending 30 June 2022 of 7.63 cents per security.
The distribution reinvestment plan will not be active for this period.
CLW will report the REIT’s Financial Year 2022 Results on 9 August 2022.
1 Subject to audit and finalisation of statutory accounts. Excludes movement in working capital and derivatives.
Announcement Authorised by the Board
Click here to view the PDF ASX Announcement