Australia's Charter Hall Long WALE REIT gains as Morningstar lauds company's portfolio

Charter Hall Long WALE REIT

13/02/2026 24:45

Updates

** Shares of Charter Hall Long WALE REIT rise as much as 2.75 to A$3.820 in early trade, their largest intraday pct gain since early August 2025

** Morningstar said CLW's half‑year result reflected a "sleep‑well‑at‑night" portfolio that warrants greater appreciation

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

** The 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

** Co adds that 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 7% YTD, including the day's moves

 (Reporting by Kumar Tanishk and Nikita Maria Jino in Bengaluru)

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