Another year of strong operating performance  

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.

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CLW Annual Report
Avi Anger and Peeyush Gupta

Hear from the Chair and the Fund Manager

"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."

Avi Anger
Fund Manager


Chair and Fund Manager’s Letter

Dear Securityholders

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.

 

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Performance Highlights

Equity inflow
28.3c

Operating Earnings Per Share

Up 5.2% from FY19

ICONS - WALE
14.0yrs

WALE

Up 11.3% from 12.5 years

ICONS - INVESTMENT MANAGEMENT
$1.4bn

New Investments

Portfolio Valuation up to $3.6bn

DISTRIBUTIONS
28.3c

Distributions Per Share 

Up 5.2% from FY19

Returns
$96m

Valuation Uplift

Up 2.7% during FY20

GEARING
24.2%

Gearing1

below target range of 25%-35%

ICONS - Unit Price
$4.47

NTA Per Security

Up 9.3% from $4.09 as at 30 June 2019

FY20 Reporting Suite

Stable income and capital growth

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.

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Long WALE REIT Annual Report 2020

Growth in returns

Charter Hall Group (ASX:CHC) has had an active period, driving FUM growth of $10.1bn. This growth has been achieved through continued partnership with our tenant customers, while maintaining returns for our investor customers.

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Targeting net zero

Charter Hall Group’s climate resilience strategy extends across our diversified business model and supports our long-term investments to meet future challenges.

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Sustainability Annual Report

Australia’s leading owner and manager of property for convenience retailers

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.

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CQR Annual Report

Enhancing income sustainability and resilience

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.

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CQE Annual Report

Contact

Avi Anger
Fund Manager
Charter Hall
Darryl Chua
Deputy Fund Manager
Charter Hall

Philip Cheetham
Head of Listed Investor Relations
Charter Hall
Virly Natasunjaya
Investor Relations Executive
Charter Hall

1. Reflects balance sheet gearing, pro forma adjusted for the committed acquisition of Bunnings Palmerston and divestment of the REIT’s 5% interest in Waypoint REIT (WPR) announced on 28 July 2020. Unadjusted balance sheet gearing as at 30 June 2020 reporting date was 26.1%.