Charter Hall Long WALE REIT (ASX:CLW) is expected to see a positive share price reaction following its interim results, according to a Friday report by The Australian, citing investing and financial firm UBS.
On Friday, the company returned to earnings of AU$0.0714 per stapled security in the fiscal first half, from a loss of AU$0.3574 per stapled security a year earlier.
Net property income was AU$146.7 million, up 3.5% on a like-for-like basis from AU$141.7 million a year earlier.
The real estate investment trust reaffirmed its fiscal year operating earnings per security guidance of AU$0.25 and distributions per security guidance of AU$0.25, Jarden said.
The stock's current value trades at a 17% discount to its December 2024 net tangible assets, Citi analyst Suraj Nebhani added.
Nebhani notes that the stock is going through earnings pressure, as the average cost of debt of 4.1% remains below current market levels.
Citi has a neutral rating on CLW with a target price of AU$3.70.
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