Charter Hall Long WALE REIT Swings to Profit in Fiscal H1 as Net Property Income Climbs

MT Newswires Live
07 Feb

Charter Hall Long WALE REIT (ASX:CLW) reported Friday earnings of AU$0.0714 per stapled security in the fiscal first half, compared with a loss of AU$0.3574 per stapled security a year earlier.

Operating earnings per stapled security fell to AU$0.125, from AU$0.13 a year earlier. Analysts' consensus as compiled by Visible Alpha was for operating EPS of AU$0.1219.

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. Analysts polled by Visible Alpha expected AU$149.4 million.

Revenue from ordinary activities for the six months ended Dec. 31, 2024, was AU$94.5 million, down nearly 15% from AU$111 million a year earlier.

The real estate investment trust reaffirmed its fiscal 2025 operating earnings per security guidance of AU$0.25 and distributions per security guidance of AU$0.25. Analysts polled by Visible Alpha expect operating EPS of AU$0.2506.

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