Charter Hall Long WALE REIT Full Year 2024 Earnings: Misses Expectations

Charter Hall Long WALE REIT (ASX:CLW) Full Year 2024 Results

Key Financial Results

• Revenue: AU$219.9m (down 1.3% from FY 2023).
• Net loss: AU$510.9m (loss widened by 170% from FY 2023).
• AU$0.71 loss per share (further deteriorated from AU$0.26 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Charter Hall Long WALE REIT Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 5.1%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, while revenues in the REITs industry in Australia are expected to remain flat.

Performance of the Australian REITs industry.

The company's shares are down 2.5% from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Charter Hall Long WALE REIT, and understanding these should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.