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Charter Hall Long WALE REIT (ASX: CLW) Share Price and News

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Charter Hall Long WALE REIT (CLW) is an ASX real estate investment trust (REIT) investing in real estate assets that are primarily leased to corporate and government tenants on long-term leases.

The Long WALE REIT is focused on providing CLW shareholders with stable income and the potential for both income and capital growth through exposure to properties with a long weighted average lease expiry (WALE). WALE represents the average expiry period of all the leases within a property or property portfolio.

This REIT’s portfolio is weighted towards the eastern seaboard of Australia and is diversified across a range of real estate sectors such as industrial, office, retail, and logistics. Some of its major tenants include the federal and state governments, Woolworths Group Ltd (ASX: WOW), Telstra Corporation Ltd (ASX: TLS), and Inghams Group Ltd (ASX: ING). The REIT is managed by Charter Hall Group (ASX: CHC), a major integrated property group that operates a range of other REITs on the ASX.

Charter Hall Long WALE REIT (ASX: CLW) Latest News

one hundred dollar notes floating around representing REIT funding

Charter Hall Long WALE REIT (ASX:CLW) secures BP funding

The acquisition of the BP Portfolio will increase the weighted average lease expiry, and increase the resilience of the Long WALE REIT. More »


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Why these Charter Hall REITs are outperforming in FY20

The Charter Hall Group (ASX: CHC) rocketed higher in yesterday's trade following a trend across the real estate group's various REITs... More »


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Folder for Real Estate Investment Trust such as Vicinity Centres

Why Charter Hall Long WALE REIT shares could be a buy

Why Charter Hall Long WALE REIT (ASX: CLW) shares could be a good buy for dividend income after a strong full-year result. More »


ASX 200 jumps 0.75%: Westpac tumbles on AUSTRAC update, Credit Corp surges

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Viva Energy share price rockets 10% on $734 million asset sale

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Folder for Real Estate Investment Trust such as Vicinity Centres

Charter Hall Long WALE REIT announces 1H FY20 results

The Charter Hall Long WALE REIT (ASX: CLW) share price is trending higher today following the release of its 1H FY20 results this morning. More »


3 ASX 200 events you missed on Thursday

Catch up on all the news, announcements and events that you missed on another big day for Aussie equities. More »


Real estate

Charter Hall Long WALE REIT announces $619 million of acquisitions

Charter Hall Long WALE REIT (ASX:CLW) is making $619 million of acquisitions, including purchasing the majority of BP's national sites. More »


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ALL ORDINARIES finishes lower Wednesday: 8 ASX shares you missed

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Businessman paying Australian money, ASX shares

Charter Hall Long WALE REIT security price on watch this Wednesday

The Charter Hall Long WALE REIT (ASX: CLW) security price is on watch this morning after a further $331 million of acquisitions by the... More »


FAQ

Will Charter Long WALE REIT pay a dividend in 2020?

Because CLW is a trust, rather than a company, its payments to unit holders are known as ‘distributions’ rather than ‘dividends’. Charter Hall Long WALE REIT pays quarterly distributions to its investors in February, May, August and November each year. The REIT paid interim distributions of 7 cents and 7.1 cents per unit in February and May 2020 respectively. At the time of writing the trust has made no announcements regarding payment of its distributions for the remainder of FY20.

Does Charter Hall Long WALE REIT offer a DRP?

Yes. Charter Hall Long WALE REIT offers optional participation in its distribution reinvestment plan. Unit holders residing in Australia and New Zealand can elect either full or partial participation in the plan. As of 21 April 2020, the DRP issue price is at a 1% discount to the average of the daily volume weighted average price of securities over a ten trading day period.