08/08/2023 16:49

Charter Hall Long WALE REIT (CLW) $3.80

CLW -5.71%: Was a very interesting result today with worthwhile takeaways for our thinking on the broader property sector. While we have not had any interest in owning CLW for some time, given we viewed it as akin to buying a longer-dated bond that would struggle in a rising rate environment.

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16/06/2022 09:50

Charter Hall Long Wale REIT (CLW) $4.21

CLW is a long WALE REIT mainly with government tenants hence stable and low-risk income with duration making it the ideal candidate to be first when we decide to catch the property “falling knife”. Its already forecast to yield ~7.5% over the next 12-months which by definition will go up if the stock continues to fall. – MM is already finding CLW tempting!

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21/09/2021 09:38

Charter Hall Long WALE REIT (CLW) $5.12

This conservative property group that generally owns government tenanted buildings yesterday launched a bid in partnership with HostPlus to buy pub group ALE Property Group (LEP) at a huge 53% premium to their last stated net asset value. Obviously pubs are mostly closed however if things go back to normal and they start to collect rents as usual, the proposed...

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09/08/2021 15:02

Charter Hall Long WALE REIT (CLW) $5.11

CLW +2.5%: A solid result today from a very solid real-estate investment trust. Operating earnings of $159m were inline with expectations as was the distribution of 29.2c.

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09/08/2021 09:05

Reporting Today

Companies reporting today on MM’s radar: (note, first glance only)

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16/02/2021 07:40

Charter Hall Long WALE REIT (CLW) $4.77

Charter Hall LONG WALE REIT (CLW) went early and reported 1H results yesterday, it was actually scheduled for today. This is a stock we held and sold from the Income Portfolio

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21/01/2021 09:51

Income Portfolio Trade Alert – Charter Hall Long WALE REIT (CLW)

Charter Hall Long WALE REIT (CLW) holds long duration leases that are negatively impacted by rising interest rates, a theme we're starting to see play our in global bond markets. With cash low in the Income Portfolio, we see better opportunity elsewhere.  We are selling CLW for a loss. 

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