Australia's Charter Hall Long WALE REIT slips after Citi cuts PT

Charter Hall Long WALE REIT

28/04/2026 06:23

** Shares of Australia's Charter Hall Long WALE REIT CLW.AX fall as much as 1.6% to A$3.485, their lowest since April 17

** Citi cuts PT of the property investment firm to A$4.1 from A$4.4

** Citi flags increased interest rate environment following higher CPI as detrimental to co's earnings

** However, retains 'buy' stock rating, says sell-down of shares puts stock at 'attractive' discount

** Avg rating of 7 analysts recommend "hold"; median PT is A$3.86, LSEG-compiled data shows

** Stock down 14.3% YTD

 (Reporting by Aamir Sheik Khalid in Bengaluru)

 ((Aamir.SheikKhalid@thomsonreuters.com))