ASX Dividend Calendar: Charter Hall Long WALE REIT (ASX:CLW) Pays 13 November as Leases Extended

Sonal Goyal

04 November 2026 10:49 PM AEDT

ASX Dividend Calendar: Charter Hall Long WALE REIT (ASX:CLW) Pays 13 November as Leases Extended

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Key Highlights

Charter Hall Long WALE REIT pays an unfranked distribution of 6.375 cents per security on 13 November 2026.
The ex-date was 29 September, and the Record Date was 30 September.
DRP participants receive new securities at a 1 per cent discount.
FY27 distribution guidance of 25.5 cents per security was reaffirmed on 4 November.

Charter Hall Long WALE REIT (ASX:CLW), managed by Responsible Entity Charter Hall WALE Limited, is scheduled to pay its September-quarter distribution of 6.375 cents per security on Friday 13 November 2026, a date that also marks the issue of new securities under its distribution reinvestment plan (DRP). The payment features on the ASX Dividend calendar in the same week the REIT told the market on 4 November that it had extended leases with government tenants and reaffirmed FY27 distribution guidance of 25.5 cents per security.

CLW's September-quarter distribution timetable

According to the REIT's updated Appendix 3A.1, lodged on 19 October 2026, the distribution of 6.375 cents per security covers the quarter ending 30 September 2026 and is shown as an actual amount. It is unfranked, with no franked component and no conduit foreign income. The ex-date was 29 September and the record date was 30 September, so entitlement has already been fixed. Payment follows on 13 November.

The October update was lodged to revise the DRP pricing details for this distribution once the pricing period had ended. The amount of the distribution itself and its payment date were unchanged. Holders who did not elect to join the DRP by the deadline will receive the full amount in cash, paid to the bank account recorded with the registry.

How the CLW distribution reinvestment plan works

The DRP applied in full to this distribution, with cash as the default for holders who did not make an election. The election deadline was 5pm on 1 October 2026. CLW set a 1 per cent discount for DRP participants, and the DRP price was calculated over a pricing period from 5 October to 16 October 2026. Securities issued under the plan will be allotted on 13 November, the same day cash is paid to other holders.

A DRP allows holders to receive additional securities instead of cash, typically without brokerage. When a discount applies, participants receive securities at a price below the average market level over the pricing period. For tax purposes, distributions reinvested through a DRP are generally treated in the same way as cash distributions, so participants still receive tax components for the amount reinvested. The cost base of the new securities is generally the amount reinvested.

FY27 guidance and the quarterly pattern

In its 4 November leasing update, CLW reaffirmed FY27 guidance for operating Earnings and distributions of 25.5 cents per security, barring unforeseen events. The September-quarter payment of 6.375 cents equals one quarter of that annual figure. CLW's AGM was held on 15 October 2026, with the chair and Fund Manager addresses lodged with the ASX on the day.

Quarterly payers such as CLW appear on the ASX dividend calendar four times a year. Each quarter's record date falls at the end of the quarter, while payment comes several weeks afterwards, which for the September quarter is mid-November. The December-quarter distribution will follow the same structure, with its amount and dates to be confirmed by the REIT in a future notice to the ASX. Holders can change DRP elections between quarters, subject to the deadline set for each distribution.

Government Lease extensions announced on 4 November

The 4 November announcement covered three office Assets leased to Commonwealth government tenants. At the Department of Defence's Campbell Park site in Canberra, in which CLW holds a 49.9 per cent interest, a five-year extension moves the lease expiry from 14 June 2027 to 14 June 2032. Rent stays unchanged until the renewal term begins, then increases by 3 per cent with 3 per cent annual increases after that.

At 520 Smollett Street in Albury, which CLW owns 50 per cent of, tenant Australian Taxation Office (ATO) agreed to a 10-year extension from 30 September 2027 over levels one to five and part of the ground floor, covering 8,473 square metres, or 79 per cent of the building, at a market-related rent with an incentive. A separate 12-month extension on level six runs to 30 September 2028, and agents are being appointed to re-lease that floor.

At 12 to 26 Franklin Street in Adelaide, also 50 per cent owned, the ATO occupies 30,979 square metres, or 84 per cent of the building. Because the ATO is moving to a new building, it agreed to an 18-month extension to 30 April 2029 at current face rent plus 3.75 per cent, with no incentive. CLW and its co-owner are re-leasing the property.

Occupancy and lease expiry profile

CLW said the extensions lift its portfolio weighted average lease expiry from 9.2 years to 9.4 years on a pro forma basis as at 30 June 2026, with stabilised occupancy at 99.9 per cent. Fund manager Avi Anger said: "The lease extensions announced today represent all upcoming material lease expiries for CLW in FY27 and FY28."

Long lease terms and government tenants are features that the REIT highlights in its reporting, and the length of lease commitments is central to the predictability of rental income that funds distributions.

Rates and REIT distributions

The update came a day after the Reserve Bank of Australia raised the cash rate target by 25 basis points to 4.85 per cent, its fifth rise this year. The RBA said Inflation "remains elevated" and that it now expects inflation to stay above 3 per cent for the coming year. Interest costs are a key input for REIT earnings, which is why REITs typically disclose gearing and hedging levels alongside distribution guidance.

Key Takeaways

Charter Hall Long WALE REIT (ASX:CLW) pays its unfranked September-quarter distribution of 6.375 cents per security on 13 November 2026, after an ex-date of 29 September and a record date of 30 September. DRP participants receive new securities at a 1 per cent discount on the same day. The REIT reaffirmed FY27 distribution guidance of 25.5 cents per security on 4 November, alongside government lease extensions that lift its weighted average lease expiry to 9.4 years. For investors following the ASX dividend calendar, CLW is one of several REITs with September-quarter payments due in November.

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