Charter Hall Long WALE REIT Stapled Secs Cons of 1 DIF + 1 FSPT + 1 Finance - Stock Quote CLW

Charter Hall Long WALE REIT is a diversified property trust, with assets in Australia and New Zealand. Occupancy is 99.9%, and weighted average lease length is a long 12.2 years (as at Dec. 31, 2021). More than half the REIT’s leases are triple-net, where tenants pay rates, maintenance and most outgoings. The REIT’s circa AUD 7 billion portfolio of 550 properties spans offices, industrial, retail, social infrastructure, and agricultural logistics assets, with more than three quarters of the portfolio on Australia’s eastern seaboard. Leases are evenly spread between CPI-linked (3.3% average rent increase in 2021) and fixed uplifts (average 3.1% uplift in 2021). The tenant profile is strong, with 99% of occupiers being government, multi-national or national businesses.