CHARTER HALL LONG WALE REIT (CLW)
Share Price Analysis and Chart

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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

This is work in progress. Bear with us. It'll be amazing.

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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Access Stockbroker Research History >

CLW STOCK CHART

FNArena News on CLW

1
Australian Broker Call *Extra* Edition – Sep 06, 2021

Sep 06 2021 - Daily Market Reports
2
Australian Broker Call *Extra* Edition – Aug 12, 2021

Aug 12 2021 - Daily Market Reports
3
FNArena Corporate Results Monitor – 10-08-2021

Aug 10 2021 - Australia
4
Australian Broker Call *Extra* Edition – Jul 23, 2021

Jul 23 2021 - Daily Market Reports
5
Rudi’s View: Goodman Group, CBA And Tyro Payments

Jun 10 2021 - Rudi's View

Latest REITs News

1
Australian Listed Real Estate Tables – 20-09-2021

Sep 20 2021 - Weekly Reports
2
Australian Listed Real Estate Tables – 13-09-2021

Sep 13 2021 - Weekly Reports
3
Where Is The Growth In A-REITs?

Sep 07 2021 - Australia
4
Australian Listed Real Estate Tables – 06-09-2021

Sep 06 2021 - Weekly Reports
5
Australian Listed Real Estate Tables – 30-08-2021

Aug 30 2021 - Weekly Reports
6
Firm Foundations Underpin Charter Hall

Aug 24 2021 - Australia
7
Australian Listed Real Estate Tables – 23-08-2021

Aug 23 2021 - Weekly Reports
8
Australian Listed Real Estate Tables – 16-08-2021

Aug 16 2021 - Weekly Reports
9
Australian Listed Real Estate Tables – 09-08-2021

Aug 09 2021 - Weekly Reports
10
Acquisitions The Way Forward For BWP Trust

Aug 06 2021 - Australia