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
Daryl Mather | September 14, 2020 9:43am
The acquisition of the BP Portfolio will increase the weighted average lease expiry, and increase the resilience of the Long WALE REIT. More »
Ken Hall | August 21, 2020 8:54am
The Charter Hall Group (ASX: CHC) rocketed higher in yesterday's trade following a trend across the real estate group's various REITs... More »
Ken Hall | August 10, 2020 9:48am
Why Charter Hall Long WALE REIT (ASX: CLW) shares could be a good buy for dividend income after a strong full-year result. More »
James Mickleboro | July 28, 2020 12:04pm
Westpac Banking Corp (ASX:WBC) and Credit Corp Group Limited (ASX:CCP) shares are making a splash on the ASX 200 on Tuesday... More »
Tristan Harrison | May 12, 2020 9:12am
Is it time to invest in shares or wait on the sidelines whilst the ASX share market keeps rising? Are those beaten-up shares be... More »
James Mickleboro | May 2, 2020 9:54am
Newcrest Mining Limited (ASX:NCM) and Coles Group Ltd (ASX:COL) were among the worst performers on the ASX 200 last week... More »
Tristan Harrison | February 21, 2020 10:15am
Viva Energy Group Ltd (ASX:VEA) has just sold $734 million worth of Viva Energy Reit Ltd (ASX:VVR) shares. More »
Phil Harpur | February 10, 2020 1:00pm
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 »
Motley Fool Staff | December 12, 2019 6:06pm
Charter Hall Long WALE REIT (ASX:CLW) is making $619 million of acquisitions, including purchasing the majority of BP's national sites. More »
Tristan Harrison | December 12, 2019 5:04pm
The S&P/ASX 200 (Index:^AXJO)(ASX:XJO) and ALL ORDINARIES (Index:^AXAO) (ASX:XAO) finished lower on Wednesday, here are 8 ASX shares you missed. More »
James Mickleboro | November 9, 2019 10:42am
The Saracen Mineral Holdings Limited (ASX:SAR) share price and the Perenti Global Ltd (ASX:PRN) share price were amongst the worst performers on the ASX 200 last... More »
Ken Hall | November 4, 2019 12:20pm
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 »
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.