Charter Hall Long WALE REIT
Charter Hall Long WALE REIT is focused on investing in and managing a high quality, diversified real estate portfolio leased to corporate and government tenants on long-term leases.
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About Charter Hall Long
WALE REIT
Charter Hall Long WALE REIT (ASX:CLW) is managed by Charter Hall Group (ASX:CHC), one of Australia’s leading fully integrated property groups, with over 27 years’ experience managing high quality real estate on behalf of institutional, wholesale and retail clients. Charter Hall has $23.2 billion of funds under management and manages 330 properties across the office, industrial and retail sectors.
Our Strategy
Charter Hall Long WALE REIT (ASX:CLW), is an Australian Real Estate Investment Trust (“REIT”) listed on the ASX. The REIT is focused on providing investors with stable and secure income and the potential for both income and capital growth through an exposure to long WALE properties. 
The REIT is actively managed to grow the portfolio through direct and indirect investments across multiple real estate sectors.
Financial Performance
OPERATING EPS
26.4c
3.9% annual EPS growth
DPS
26.4c
100% payout ratio
NTA PER SECURITY
$4.05
2.9% increase
since June 2017
Portfolio Performance
TOTAL PORTFOLIO VALUE GROWTH
$128m
PORTFOLIO WACR1
6.13%
7bps compression
since June 2017
PORTFOLIO VALUATION
$1.5b
Capital Management
BALANCE SHEET GEARING
30.6%
within target range of 25% to 35%
DEBT FACILITY REFINANCE
$100m
with new lender diversifies
debt sources
HEDGE DURATION
5.2yrs
  1. Weighted Average Capitalisation Rate.
2018
Highlights
Charter Hall Long WALE REIT successfully completed $101 million of new property acquisitions in FY18 building upon the underlying strength of the portfolio. With no major lease expiries until FY21 the portfolio is well positioned to provide sustainable returns to securityholders.
OCCUPANCY
100%
PROPERTIES
81
PORTFOLIO WALE
10.8yrs
Chair and Fund Manager's Letter
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These solid results reflect our ability to manage and grow the REIT through strategic, long WALE acquisitions and active portfolio management.
Peeyush Gupta
Chair
Avi Anger
Fund Manager
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Portfolio
Performance
CLW is strategically diversified, by geography, tenant, industry and property type. We believe diversification is important, as it should provide a more predictable and lower-risk cash flow to deliver sustainable returns to securityholders.
New South Wales/
Australian Capital
Territory
Office
1
Retail
2
Industrial
4
Total
7
Queensland
Office
1
Retail
20
Industrial
3
Total
24
Victoria
Office
0
Retail
17
Industrial
7
Total
24
South
Australia
Office
1
Retail
6
Industrial
1
Total
8
Western
Australia
Office
0
Retail
10
Industrial
5
Total
15
Tasmania
Office
0
Retail
3
Industrial
0
Total
3
Board and
Management
Peeyush Gupta
Chair
Glenn Fraser
Independent Non-Executive Director
Ceinwen Kirk-Lennox
Independent Non-Executive Director
David Harrison
Executive Director
Adrian Taylor
Executive Director
Avi Anger
Fund Manager
Kerri Leech
Head of Long WALE REIT Finance
Ben Ellis
Deputy Fund Manager
Darryl Chua
Senior Fund Executive
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