Charter Hall Group has also committed to taking up its full entitlement of approximately $29 million. }); Sign Up for Take Stock Read detailed company information including current share prices, financial summary, directors, announcements, dividends & news. “We continue to deliver on the long WALE and government lease thematic that Charter Hall has pursued for many years,” Mr Harrison said. The Charter Hall Long WALE REIT has raised $261 million in total via a $130m placement and a $131m rights issue at $5.20 per share, a 4.1 per cent discount to last close. anchor.addEventListener('click', function (e) { e.preventDefault();

Hear our experts take on shares, the market & how to invest. The Motley Fool has a disclosure policy. Everything You Need to Know About Tech Investing. The deal boosts the office exposure of the group’s platforms beyond $23 billion. Financial Services Guide | For example, the Charter Hall Long WALE REIT share price is up 45% in the last three years, clearly besting the market return of around 20% (not including dividends). Privacy Policy | .fool-ecap.fool-ecap-id-19.fool-ecap-type-vanilla {background: #fff7c4;} aside section .fool-ecap-id-19.fool-ecap-type-vanilla h3 {font-size: 1.6em;} p.ecap-disclaimer {font-size: 0.6em!important;}div.fool-ecap.fool-ecap-id-19 form {position: relative;text-align: center;margin: .2em 1em;}.fool-ecap.fool-ecap-id-19 p.ecap-disclaimer {margin-left: 0px;} .fool-ecap.fool-ecap-id-19 p.above-email{ margin-bottom: 0px;text-align:center;} div.fool-ecap.fool-ecap-id-19 p {color: #464646;}.fool-ecap-type-vanilla.fool-ecap-id-19 h3 {color: #404040;display: block !important;}.fool-ecap-type-vanilla.fool-ecap-id-19 .ecap-disclaimer{color: #484848 !important;}.fool-ecap-id-19.fool-ecap-type-vanilla h3.title{display:none !important;} .fool-ecap.fool-ecap-id-19.fool-ecap-type-vanilla{ margin-bottom: 10px;}.fool-ecap-type-vanilla.fool-ecap-id-19 input[type="submit"] { margin: .5rem 0 .5rem !important;}.fool-ecap.fool-ecap-id-19 img {display: inline;}. The Motley Fool Australia operates under AFSL 400691. Learn about investing with our Investing Education hub. This article contains general investment advice only (under AFSL 400691). Full ASX results, reports, financials & key statistics of CLW - Charter Hall Long Wale REIT from Australian Financial Review The acquisitions weighted average rent review of 3.6% is accretive to CLW’s portfolio weighted average rent review and supports the REIT’s secure and growing income profile. The PE ratio (or price-to-earnings ratio) is the one of the most popular valuation measures used by stock market investors. The entitlement offer will be issued at a fixed price of $4.65 per security, a 3.3 per cent discount to the last close of $4.81 per security. Furthermore, year-to-date, the REIT’s shares have gained 3%. The company also reported it has settled the acquisition of a 100% interest in an Ampol-anchored convenience retail property in Queensland for $25.4 million. CLW has also settled its 100 per cent interest for control of an Ampol-anchored petrol station in Redbank Plains, Queensland for $25.4 million bringing its total outlay for all the assets to $415.4 million, reflecting a passing yield of 5.2 per cent, he said. }); The properties are diversified across the Eastern Seaboard and support the provision of essential government, life sciences and convenience retail services. Charter Hall Long Wale REIT (CLW) Overview. The portfolio will be acquired in a joint venture between Charter Hall Long WALE REIT, which has takenb a half stake in the four buildings, and three other unlisted funds that it … By clicking this button, you agree to our Terms of Service and Privacy Policy. The real estate investment trust (REIT), managed by Charter Hall Group (ASX: CHC), requested the halt this morning pending several announcements. The latest Charter Hall Long Wale REIT [CLW] news, articles, data and analysis from The Australian Financial Review event.preventDefault();

Get Started Investing Find out more at Intelligent Investor These stocks are trading at dirt-cheap prices and Scott thinks they are great buys right now. 07/02/2021. Charter Hall Long WALE Reit launched a capital raising on Tuesday morning. Investment news, stock ideas, and more, straight to your inbox. Find out more at … Subscription Terms of Service, ACN: 146 988 052 | Australian Financial Services Licence (AFSL): 400691, The Motley Fool Australia, PO Box 4635, Ashmore, Qld 4214, jQuery(document).on('click', 'a[href^="#"]', function (event) { Guidance was given for the first time for financial year 2022, with operating earnings per security expected to grow by 2.75 per cent, implying about 30¢ per security, a result Mr McLean said was below Macquarie’s expectations of 31.5¢ per security. New & improved business newsletter. The Charter Hall Long WALE REIT (ASX: CLW) share price is in a trading halt this morning. The Motley Fool Australia does not guarantee the performance of, or returns on any investment. The Motley Fool Australia has no position in any of the stocks mentioned. You can do it. The fund also upgraded its financial year 2021 operating earnings per security by 0.3 per cent, reflecting growth of 3.2 per cent over the previous financial year. Join Our Premium Community Charter Hall Long WALE REIT (CLW) has announced a fresh capital raise as it grabs 50 per cent interests in four buildings; The acquisitions' total property purchase price is $415.4 million, representing a 5.2 per cent passing yield and a long weighted average lease expiry of 9.2 years and a 3.6 per cent per annum weighted average rent review A Different Perspective. Charter Hall Long WALE REIT is seeking to raise $261 million to fund its share of the Telstra exchanges portfolio. The REIT is focused on assets that are predominantly leased to tenants with strong covenants on long term leases. Please refer to our Financial Services Guide (FSG) for more information. TALK TO US. The Charter Hall Long WALE REIT (ASX: CLW) share price is in a trading halt this morning. You can unsubscribe at anytime. The group in June unveiled plans to float the real estate investment trust, the Charter Hall Long WALE REIT. }, 500); Charter Hall Long WALE REIT operates as a real estate investment trust. Home / Sector / Real Estate Shares / Why the Charter Hall REIT (ASX:CLW) share price is frozen, Bernd Struben | May 18, 2021 12:16pm | More on: CHC CLW. The acquisitions are 75% leased by income to the Commonwealth Government and will increase CLW’s exposure to government tenants from 16% to 21%. Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. CLW is the fund’s largest security holder, with an 11.5 holding, will take up its full entitlement, around $29 million. Charter Hall Long WALE REIT has launched a $350 million capital raising to partially fund property acquisitions, including the last … We don't think it … The Complete Guide to Planning For Your Retirement, Setting up an SMSF: 10 Things You Need to Know Before Starting, 3 easy steps to building your ASX share portfolio for an early retirement, 4 tips on how to pick winning stocks for your retirement share portfolio, This is the best asset to own to start saving for your early retirement, Commonwealth Bank of Australia (ASX: CBA), Flight Centre Travel Group Ltd (ASX: FLT), Vanguard Australian Shares Index (ASX: VAS), the Services Australia Building in Tuggeranong, ACT for $153.0 million, the Australian Taxation Office (ATO) Building in Box Hill, VIC for $115.0 million, the Red Cross Building in Alexandria, NSW for $79.5 million. 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. Prev Next. The responsible entity of and issuer of units in the Charter Hall Direct Long WALE Fund (ARSN 622 080 979) (Fund) is Charter Hall Direct Property Management Limited (CHDPML) (ABN 56 073 623 784; AFSL 226849). Charter Hall Long WALE REIT is raising up to 70 million through investment bank JPMorgan to fund the acquisition of BP convenience retail sites in New Zealand. New shares will be issued at $4.65. However, keep in mind that even the best stocks will sometimes underperform the market over a twelve month period. Charter Hall WALE Limited as responsible entity of the Charter Hall Long WALE REIT (ASX:CLW) (the REIT) today announces that it has entered into an agreement to acquire an interest in a portfolio of 70 long WALE, triple net lease (NNN) convenience retail properties leased to BP Oil New Zealand Limited (bp) for NZ$130.8 million 1 (the Acquisition). The Charter Hall Long Wale REIT raising machine is back for a fresh cash injection. When investing expert Scott Phillips has a stock tip, it can pay to listen. Charter Hall tops up on long-lease offices in $780m deal. Our latest articles and strategies for the post-work life you want. 10/02/2021. © 2009 – 2021 The Motley Fool Australia Pty Ltd. All rights reserved. Please remember that investments can go up and down. The securities will rank equally with existing stock and the retail component is only available to eligible CLW security holders in Australia or New Zealand, the REIT said. Join our flagship membership service, Share Advisor. Each company boasts strong growth prospects over the next 3 to 5 years, and most importantly each pays a generous (and fully franked) dividend! Charter Hall Long WALE REIT - 2020 Annual Report. /*document.querySelectorAll('a[href^="#"]').forEach(anchor => { Charter Hall funds that divested shares include Charter Hall and the Charter Hall Long WALE REIT. });*/, Why the Charter Hall REIT (ASX:CLW) share price is frozen, 10 Stocks To Buy (including 2 Every Investor Should Own), Setting Yourself Up for Success Before You Start. The buildings will be owned in equal shares in two of the property manager’s vehicles, Charter Hall Direct Funds and the Charter Hall Long WALE REIT. 1 mins by Charter Hall Announcements. But insiders have shown more of an appetite for the stock, over the last year. Commenting on the acquisitions, Avi Anger, fund manager of CLW said: The acquisitions of these modern, long WALE properties reinforces the REIT’s strategy of acquiring high quality properties with long leases to strong tenant covenants. The last twelve months weren't great for Charter Hall Long WALE REIT shares, which cost holders 15%, including dividends, while the market was up about 4.9%. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*. According to the release, that reflects a passing yield of 5.2%.

jQuery('html, body').animate({ MORE NEWS. Read detailed company information including dividend distribution, dividend amount and payment history. Simon Johanson is a business journalist at The Age and The Sydney Morning Herald. Charter Hall also reported that it has entered into agreements to acquire 50% interests in 3 suburban office assets. Furthermore, the total purchase price of the 4 properties is $415.4 million. The Charter Hall Long WALE REIT PE ratio based on its reported earnings over the past 12 months is 10.01.The shares are currently trading at A$4.78.. The Charter Hall property machine is powering up its office portfolio, spending $780 million on four properties and announcing an accelerated $250 million equity raising to partially fund the deals. Our Top 5 Stocks for Investors 50 or Older – NOW AVAILABLE! the ATO Building in Albury, NSW for $42.5 million. Charter Hall Long WALE REIT (CLW) fund manager Avi Anger said the properties will increase his fund’s exposure to government tenants from 16 to 21 per cent. }); Charter Hall Long Wale REIT (CLW) Dividends. That’s 3.4% below yesterday’s closing price of $4.81 per share. The fact that there have been no Charter Hall Long WALE REIT insider transactions recently certainly doesn't bother us.

document.querySelector(this.getAttribute('href')).scrollIntoView({ The transaction includes a $306 million outlay for the Services Australia building in Tuggeranong ACT, $230 million for the Australian Taxation Office in Melbourne’s eastern suburb of Box Hill, $159 million for the Red Cross building in Alexandria, NSW, and $85 million on the ATO office in Albury, also in NSW. Win at Retirement Past performance is not necessarily indicative of future returns. The combined acquisitions have a WALE of 9.2 years. Charter Hall Long WALE REIT is managed by Charter Hall Group, one of Australia’s leading fully integrated property groups, with over 29 years' experience managing high quality real estate on behalf of institutional, wholesale and retail clients. The Charter Hall Long share price was paused today prior to the company announcing 4 property acquisitions. How Much Money Do I Need To Start Investing? The Acquisitions weighted average rent review of 3.6% is accretive to CLW’s portfolio weighted average rent review and supports the REIT… The new acquisitions will be partly funded by a roughly $250 million fully underwritten accelerated non-renounceable entitlement offer. This Service provides only general, and not personalised financial advice, and has not taken your personal circumstances into account. CLW will partially fund its acquisitions and transaction costs through a fully underwritten, accelerated, non-renounceable, $250 million entitlement offer. Charter Hall Long WALE REIT was able to grow its EPS at 6.2% per year over three years, sending the share price higher. For a limited time, The Motley Fool Australia is giving away an urgent new investment report outlining our 5 favourite stocks for investors over 50. All with a long weighted average lease expiry (WALE) and a long WALE convenience retail property. behavior: 'smooth' Terms of Service | Executive Summary. Listen to Our Podcast Charter Hall Long WALE REIT (CLW) fund manager Avi Anger said the properties will increase his fund’s exposure to government tenants from 16 to 21 per cent. 25/02/2021. It will be seeded with assets held … Charter Hall has scooped up three office buildings and a life sciences building offloaded by South Korea’s AIP Asset Management group. The REIT is ... * Weighted Average Rent Review. We will use your email address only to keep you informed about updates to our website and about other products and services we think might interest you. Scott just revealed what he believes are the five best ASX stocks for investors to buy right now. Charter Hall Long WALE REIT, is an Australian Real Estate Investment Trust (“REIT”) listed on the ASX. For more information please see our Financial Services Guide. Authorised by Bruce Jackson. 09 Charter Hall Long WALE REIT Annual Report 2018 Office (3 properties) Industrial (20 properties) Retail (58 properties) 1 4 3 1 1 1 2 1 1 3 1 Perth 7 4 Adelaide 1 1 5 Brisbane 1 12 3 “We will look to understand retention expectations upon lease expiry, particularly for assets located in non-metro areas such as Tuggeranong and Albury,” he said. Please try again later. The Charter Hall share price is up 20% over the past 12 months, lagging the 29% gains posted by the S&P/ASX 200 Index (ASX: XJO). Charter Hall boss David Harrison said the group has snapped up $7 billion in assets so far this financial year across office, retail, industrial, logistics, and social infrastructure sectors. Charter Hall Long WALE REIT 1H FY21 Results. Charter Hall named WGEA Employer of Choice for Gender Equality. In addition, Charter Hall Long announced an accelerated capital raising to fund the purchases. Share To access this part of the website, please select your country of residence from the following list. The office properties are 75 per cent leased by income to the Commonwealth government with an average weighted lease expiry of 9.1 years and rent increases between 3 and 4 per cent per annum. scrollTop: jQuery(jQuery.attr(this, 'href')).offset().top In this FREE STOCK REPORT, Scott Phillips just revealed what he believes are the 3 ASX stocks for the post COVID world that investors should buy right now while they still can. ASX 200   |   A     B     C     D     E     F     G     H     I     J     L     M     N     O     P     Q     R     S     T     U     V     W     X. So if you’re looking to get your finances on track and you’re in or near retirement – we’ve got you covered! Further, Together Latest news. We’re sorry, this service is currently unavailable. Charter Hall Social Infrastructure REIT - Half Year Results FY21. Macquarie analyst Stuart McLean said in a note to clients the acquisitions are in line with the group’s strategy of increasing exposure to long WALE assets with strong covenants.