BUZZ-Morningstar lauds Aussie Charter Hall Long WALE REIT's HY as firm portfolio

Reuters
Feb 13
BUZZ-Morningstar lauds Aussie <a href="https://laohu8.com/S/CTOUF">Charter Hall</a> Long WALE REIT's HY as firm portfolio

** Morningstar said Charter Hall Long WALE REIT’s CLW.AX half‑year result reflected a "sleep‑well‑at‑night" portfolio that warrants greater appreciation

** CLW’s HY operating earnings rose 1% YoY, in line with Morningstar’s expectations, and management reaffirmed FY DPS guidance of 25.5 AU cents

** Investment research firm says investors undervalue the REIT’s income resilience, underpinned by a diversified tenant base, asset mix and geography, with long leases, low vacancy and fixed or inflation‑linked rent reviews further bolstering earnings security

** Adds, the REIT remained active in the half, acquiring higher‑yielding assets and selling lower‑yielding ones, with management expected to stay disciplined by funding future purchases largely through recycled capital

** Stock down 8.8% YTD as of last close

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk http://www.x.com/thatstanishk))

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