Charter Hall Long WALE REIT - June 2023 Property Valuation Update
Share this page
LINKEDIN
FACEBOOK
TWITTER
EMAIL
2 mins
Share
By proceeding you confirm that you are a resident of Australia or New Zealand accessing this website from within Australia or New Zealand and you represent, warrant and agree that:
- you are not in the United States or a “U.S. person”, as defined in Regulation S under the U.S. Securities Act of 1933, as amended (“U.S. Person”), nor are you acting for the account or benefit of a U.S. Person;
- you will not make a copy of the documents on this website available to, or distribute a copy of such documents to, or for the account or benefit of, any U.S. Person or any person in any other place in which, or to any other person to whom, it would be unlawful to do so; and
- the state, territory or province and postcode provided by you below for your primary residence in Australia or New Zealand are true and accurate.
Unfortunately, legal restrictions prevent us from allowing you access to this website. If you have any questions, please contact us by e-mail by clicking on the link below.
Charter Hall Long WALE REIT (ASX: CLW) today announces the results of June 2023 portfolio valuations.
CLW had 549 properties, or 100% of the portfolio by gross asset value independently valued as at 30 June 2023.
The valuations resulted in a $419.0 million, or 5.8% net decrease from prior book values. The overall portfolio value has decreased from $7.2521 billion to $6.833 billion and the portfolio average cap rate has expanded 36bps from 4.41% to 4.77%.
The unaudited impact of the valuations announced today represents an estimated decrease in the NTA per security from $6.23 as at 31 December 2022 to $5.652, reflecting a $0.58 or 9.3% decrease.
A summary of the CLW portfolio valuation by sector as at 30 June 2023 is outlined below:
| Sector | Prior book value (A$m) | Valuation change (A$m) | Valuation (A$m) | Prior cap rate | Cap rate movement | Current cap rate |
| Long WALE retail | 3,096.7 | (240.2) | 2,856.5 | 4.33% | 0.41% | 4.74% |
| Industrial & Logistics | 1,489.4 | (36.0) | 1,453.5 | 3.94% | 0.31% | 4.25% |
| Office | 1,348.7 | (96.0) | 1,252.8 | 5.05% | 0.37% | 5.42% |
| Social Infrastructure | 1,023.6 | (17.2) | 1,006.4 | 4.14% | 0.29% | 4.43% |
| Agri-logistics | 293.9 | (29.6) | 264.3 | 5.64% | 0.56% | 6.20% |
| Total | 7,252.4 | (419.0) | 6,833.4 | 4.41% | 0.36% | 4.77% |
CLW will report the REIT’s Financial Year 2023 Results on 8 August 2023.
Announcement Authorised by the Board
Click here to view PDF ASX Announcement
1 As at 31 December 2022, adjusted for all property acquisitions and divestments that have settled or are expected to settle in the six month period to 30 June 2023, capital expenditure and additions during the period.
2 Subject to audit and finalisation of 30 June 2023 statutory accounts (including confirmation of the NZD/AUD exchange rate as at 30 June 2023) and excluding any movement of interest rate derivatives during the period.
Talk to us
Thanks for your interest in Charter Hall. Fill in your details below and we’ll get back to you as soon as possible.
I am interested in
Enquiry
*Indicates that this field is required.
All personal information submitted will be treated in accordance with our privacy policy.
By registering and/or submitting personal data to Charter Hall, you agree that, where it is permitted by law and in accordance with our Privacy Statement or where you have agreed to receive communications from us, Charter Hall may use this information to notify you of our products and services and seek your feedback on our products and services. Please note you can manually opt out of any communications.
-
© Charter Hall Group, 2024.
- Terms of Use
- Privacy Policy
- Complaints Guide
- Feedback
