CHARTER HALL LONG WALE REIT (CLW)
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CLW - CHARTER HALL LONG WALE REIT

FNArena Sector : REITs
Year End: June
GICS Industry Group : Real Estate
Index: ASX200 | ASX300 | ALL-ORDS

Charter Hall Long WALE is an Australian Real Estate Trust investing in real estate assets that are predominantly leased to corporate and government tenants. It has been listed since 2016.

LAST PRICE CHANGE +/- CHANGE % VOLUME

$4.97

24 Sep
2021

-0.140

OPEN

$5.09

-2.74%

HIGH

$5.10

3,207,844

LOW

$4.97

TARGET
$5.335 7.3% upside
Franking for last dividend paid out: 0%
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FNARENA'S MARKET CONSENSUS FORECASTS
CLW: 1
Title FY20
Actual
FY21
Actual
FY22
Forecast
FY23
Forecast
EPS (cps) xxx 113.6 31.2 xxx
DPS (cps) xxx 29.2 31.0 xxx
EPS Growth xxx 100.0% - 72.5% xxx
DPS Growth xxx 3.6% 6.0% xxx
PE Ratio xxx N/A 15.9 xxx
Dividend Yield xxx N/A 6.2% xxx
Div Pay Ratio(%) xxx 25.7% 99.2% xxx

Dividend yield today if purchased 3 years ago: 6.77%

DIVIDEND YIELD CALCULATOR

Dividend Yield Today On Last Actual Payout :

5.88

Estimated Dividend Growth
(Average Of Past Three Years)

 %

Amount Invested

Tell Me The Dividend After This Many Years

Past performance is no guarantee for the future. Investors should take into account that heavy swings in share price or exceptional circumstances (a la 2009) can have a significant impact on short term calculations and averages

Last ex-div: 29/06 - 7.4c (0%)

HISTORICAL DATA ARE ALL IN AUD
Copyright © 2021 FactSet UK Limited. All rights reserved
Title 201620172018201920202021
EPS Basic xxxxxxxxxxxxxxx113.6
DPS All xxxxxxxxxxxxxxx29.1
Sales/Revenue xxxxxxxxxxxxxxx154.6 M
Book Value Per Share xxxxxxxxxxxxxxx522.0
Net Operating Cash Flow xxxxxxxxxxxxxxx162.3 M
Net Profit Margin xxxxxxxxxxxxxxx399.94 %

EPS Basic

DPS All

Sales/Revenue

Book Value Per Share

Net Operating Cash Flow

Net Profit Margin

Title 201620172018201920202021
Return on Assets xxxxxxxxxxxxxxx15.91 %
Return on Equity xxxxxxxxxxxxxxx22.63 %
Return on Total Capital xxxxxxxxxxxxxxx2.89 %
Capex xxxxxxxxxxxxxxx0.0 M
Capex % of Sales xxxxxxxxxxxxxxx0.00 %
Free Cash Flow ex dividends xxxxxxxxxxxxxxx33.5 M

Return on Assets

Return on Equity

Return on Total Capital

Capex

Capex % of Sales

Free Cash Flow ex dividends

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EXPERT VIEWS
Display All Commentary

Sentiment Indicator

0.5

No. Of Recommendations

4
BROKER DATE RATING RECOMMENDATION TARGET PRICE % TO REACH TARGET COMMENTARY

Macquarie

xx/xx/xxxx

-1

xx xxxxxx

xx.xx%

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Citi

xx/xx/xxxx

1

xxx

$xx.xx

xx.xx%

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UBS

21/09/2021

3

Neutral

$5.30

6.64%

Charter Hall Long WALE REIT, in a 50/50 partnership with Hostplus, has entered into a scheme to acquire ALE Property Group ((LEP)) for -$1.68bn, reflecting a premium to net tangible assets of 53%.

UBS estimates -4% dilution (FY basis, previous guidance included a buffer for dilutive deals), 7.5 years to market rent reviews and upside from extending leases and redevelopments/densification of sites. The analyst doesn't include the transaction in forecasts just yet.

The analyst feels that with gearing elevated, future acquisitions will likely require an equity raise and earnings accretion is thought to be challenging for sought-after quality long WALE assets. The target price of $5.30 and Neutral rating are unchanged.

FORECAST
UBS forecasts a full year FY22 dividend of 31.10 cents and EPS of 31.10 cents.
UBS forecasts a full year FY23 dividend of 31.70 cents and EPS of 31.70 cents.

Morgan Stanley

xx/xx/xxxx

1

xxxxxxxxxx

$xx.xx

xx.xx%

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Ord Minnett

xx/xx/xxxx

3

xxxx

$xx.xx

xx.xx%

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CLW STOCK CHART