CLW Stock Overview

An Australian Real Estate Investment Trust (REIT) listed on the ASX and investing in high quality Australasian real estate assets that are predominantly leased to corporate and government tenants on long term leases. More details

CLW fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	0/6
Financial Health	1/6
Dividends	3/6

Rewards

Trading at 25.8% below our estimate of its fair value

Earnings are forecast to grow 58.56% per year

Risk Analysis

Interest payments are not well covered by earnings

Dividend of 6.88% is not well covered by earnings

My Notes

Capture your thoughts, links and company narrative

Charter Hall Long WALE REIT Competitors

Charter Hall Group

ASX:CHC

AU$6.9b

Growthpoint Properties Australia

ASX:GOZ

AU$1.9b

Centuria Capital Group

ASX:CNI

AU$1.5b

Mirvac Group

ASX:MGR

AU$7.7b

Price History & Performance

Summary of share price highs, lows and changes for Charter Hall Long WALE REIT
Historical stock prices
Current Share Price	AU$3.79
52 Week High	AU$4.18
52 Week Low	AU$3.23
Beta	0.76
1 Month Change	-3.07%
3 Month Change	-7.11%
1 Year Change	-0.92%
3 Year Change	-24.05%
5 Year Change	-31.09%
Change since IPO	-5.13%

Recent updates

Shareholder Returns

	CLW	AU REITs	AU Market
7D	0.1%	-1.9%	-0.6%
1Y	-0.9%	3.5%	9.1%

Return vs Industry: CLW underperformed the Australian REITs industry which returned 5.1% over the past year.

Return vs Market: CLW underperformed the Australian Market which returned 9.8% over the past year.

Price Volatility

Is CLW's price volatile compared to industry and market?
CLW volatility
CLW Average Weekly Movement	2.6%
REITs Industry Average Movement	3.0%
Market Average Movement	8.1%
10% most volatile stocks in AU Market	16.7%
10% least volatile stocks in AU Market	3.1%

Stable Share Price: CLW has not had significant price volatility in the past 3 months compared to the Australian market.

Volatility Over Time: CLW's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	n/a	David Harrison	www.charterhall.com.au

Charter Hall Long WALE REIT is an Australian Real Estate Investment Trust (REIT) listed on the ASX and investing in high quality Australasian real estate assets that are predominantly leased to corporate and government tenants on long term leases. Charter Hall Long WALE REIT is managed by Charter Hall Group (ASX: CHC). Charter Hall is one of Australia’s leading fully integrated property investment and funds management groups.

Charter Hall Long WALE REIT Fundamentals Summary

How do Charter Hall Long WALE REIT's earnings and revenue compare to its market cap?
CLW fundamental statistics
Market cap	AU$2.69b
Earnings (TTM)	-AU$510.88m
Revenue (TTM)	AU$144.06m

18.7x

P/S Ratio

-5.3x

P/E Ratio

Is CLW overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
CLW income statement (TTM)
Revenue	AU$144.06m
Cost of Revenue	AU$38.72m
Gross Profit	AU$105.33m
Other Expenses	AU$616.21m
Earnings	-AU$510.88m

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.72
Gross Margin	73.12%
Net Profit Margin	-354.64%
Debt/Equity Ratio	53.2%

How did CLW perform over the long term?

See historical performance and comparison

Dividends

6.9%

Current Dividend Yield

104%

Payout Ratio

Does CLW pay a reliable dividends?

See CLW dividend history and benchmarks

When do you need to buy CLW by to receive an upcoming dividend?
Charter Hall Long WALE REIT dividend dates
Ex Dividend Date	Dec 30 2024
Dividend Pay Date	Feb 14 2025
Days until Ex dividend	10 days
Days until Dividend pay date	56 days

Does CLW pay a reliable dividends?

See CLW dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/18 12:37
End of Day Share Price	2024/12/18 00:00
Earnings	2024/06/30
Annual Earnings	2024/06/30

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Charter Hall Long WALE REIT is covered by 14 analysts. 8 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Russell Wright	Barclay Pearce Capital Pty Limited
Benjamin Brayshaw	Barrenjoey Markets Pty Limited
Mollie Urquhart	Barrenjoey Markets Pty Limited

CLW Stock Overview

Rewards

Risk Analysis

Charter Hall Long WALE REIT Competitors

ASX:CHC

AU$6.9b

ASX:GOZ

AU$1.9b

ASX:CNI

AU$1.5b

ASX:MGR

AU$7.7b

Price History & Performance

Recent News & Updates

Now 20% undervalued

Charter Hall Long WALE REIT, Annual General Meeting, Oct 21, 2024

Fourth quarter dividend of AU$0.063 announced

Now 21% undervalued

Full year 2024 earnings released: AU$0.71 loss per share (vs AU$0.26 loss in FY 2023)

Dividend of AU$0.065 announced

Recent updates

Now 20% undervalued

Charter Hall Long WALE REIT, Annual General Meeting, Oct 21, 2024

Fourth quarter dividend of AU$0.063 announced

Now 21% undervalued

Full year 2024 earnings released: AU$0.71 loss per share (vs AU$0.26 loss in FY 2023)

Dividend of AU$0.065 announced

Now 21% overvalued

Dividend of AU$0.065 announced

Now 22% overvalued after recent price rise

Now 20% undervalued

First half 2024 earnings released: AU$0.36 loss per share (vs AU$0.20 profit in 1H 2023)

Upcoming dividend of AU$0.065 per share at 7.5% yield

Charter Hall Long WALE REIT to Report First Half, 2024 Results on Feb 08, 2024

Charter Hall Long WALE REIT Declares Dividend for the Quarter Ended December 31, 2023, Payable on February 14, 2023

Insufficient new directors

Charter Hall Long WALE REIT Declares Dividend for the Quarter Ended September 30, 2023, Payable on November 14, 2023

Full year 2023 earnings released: AU$0.26 loss per share (vs AU$1.34 profit in FY 2022)

Charter Hall Long WALE REIT, Annual General Meeting, Oct 19, 2023

First half 2023 earnings released: EPS: AU$0.20 (vs AU$0.92 in 1H 2022)

Upcoming dividend of AU$0.07 per share

Charter Hall Long Wale REIT Declares Distribution for the Quarter Period Ending 31 December 2022, Payable 14 February 2023

Charter Hall Long WALE REIT to Report First Half, 2023 Results on Feb 09, 2023

Charter Hall Long WALE REIT (ASX:CLW) acquired 25% stake in Canberra, Geoscience Australia property for AUD 90 million.

Charter Hall Long WALE REIT Announces Distribution for the Quarter Ending 30 September 2022, Payable on 11 November 2022

Full year 2022 earnings released: EPS: AU$1.34 (vs AU$1.14 in FY 2021)

Charter Hall Long WALE REIT Provides Dividend Guidance for the Fiscal Year 2023

Charter Hall Long WALE REIT to Report Fiscal Year 2022 Results on Aug 09, 2022

Charter Hall Long Wale Reit Announces Dividend on CLW - FULLY PAID UNITS STAPLED SECURITIES for Quarter Ended June 30, 2022, Payment Date Is August 12, 2022

First half 2022 earnings: Revenues and EPS in line with analyst expectations

Charter Hall Long WALE REIT Provides Earning Guidance for Fiscal Year 2022

Upcoming dividend of AU$0.076 per share

An unknown buyer agreed to acquire 56 Edmondstone Road, Bowen Hills, Brisbane from Charter Hall Long WALE REIT (ASX:CLW) for AUD 70.9 million.

Key Executive recently bought AU$920k worth of stock

Key Executive recently bought AU$920k worth of stock

Full year 2021 earnings released: EPS AU$1.14 (vs AU$0.28 in FY 2020)

Charter Hall Long WALE REIT Updates Earnings Guidance for the Fiscal Year 2022

Charter Hall Long WALE REIT (ASX:CLW) entered into an agreement to acquire a 33.3% stake in Myer Bourke Street Mall property in Melbourne for approximately AUD 140 million.

Company Secretary of Charter Hall WALE Limited Charisse Nortje has left the company

Charter Hall Long WALE REIT has completed a Follow-on Equity Offering in the amount of AUD 250.100627 million.

Charter Hall Long WALE REIT Provides Earnings Guidance for the Financial Year 2022

First half 2021 earnings released: EPS AU$0.39 (vs AU$0.22 in 1H 2020)

New 90-day low: AU$4.53

Upcoming Dividend of AU$0.073 Per Share

New 90-day low: AU$4.68

Charter Hall Long WALE REIT (ASX:CLW) entered into a sale and leaseback agreement to acquire 76-78 Pitt Street located in Sydney for approximately AUD 280 million.

Charter Hall Long WALE REIT Announces Appointment of Carmel Hourigan as Director

Long Wale Investment Partnership acquired Bunnings Portfolio for approximately AUD350 million.

New 90-day high: AU$5.24

Long Wale Investment Partnership managed by Charter Hall Group (ASX:CHC), HOSTPLUS Superannuation Fund and Charter Hall Long WALE REIT (ASX:CLW) acquired The Parap Tavern in Darwin from Dowling family for AUD 19.7 million.

Upcoming Dividend of AU$0.072 Per Share

Charter Hall Long WALE REIT (ASX:CLW) and Charter Hall Retail Real Estate Investment Trust (ASX:CQR) entered into an agreement to acquire a 49% stake in Portfolio of 70 Long WALE NNN Convenience Retail Properties in New Zealand from BP Oil New Zealand Limited for approximately NZD 260 million.

New 90-day high - AU$5.18

Charter Hall Long WALE REIT has completed a Follow-on Equity Offering in the amount of AUD 60.000002 million.

New 90-day high - AU$4.96

Full year earnings released

Charter Hall Long WALE REIT (ASX:CLW), Charter Hall Retail Real Estate Investment Trust (ASX:CQR) and Charter Hall Group (ASX:CHC) completed the acquisition of 49% stake in National Portfolio of 225 Long WALE Convenience Retail Properties from BP Australia Pty Limited.

Charter Hall Long WALE REIT (ASX:CLW), Charter Hall Group (ASX:CHC) and a wholesale capital partner completed the acquisition of 49% in a portfolio of Telco Exchange properties from Telstra Corporation Limited (ASX:TLS).

Charter Hall Long WALE REIT (ASX:CLW) acquired Indooroopilly Hotel for AUD 13.2 million.

New 90-day high - AU$4.71