Highlights

  • Consensus rating of Hold from 7 analysts: 1 Buy or equivalent, 3 Hold, 3 Sell or equivalent.
  • Mean price target of A$3.71 against a share price of A$3.26 on 8 October 2026, an implied upside of 13.8%.
  • Analyst targets range from A$3.43 to A$4.06.
  • Operating Earnings were $181.9 million, or 25.5 cents per security, up 2.0%, and distributions were 25.5 cents per security.

Charter Hall Long WALE REIT (ASX:CLW) carries a consensus analyst rating of Hold. Of the 7 analyst recommendations recorded, 1 is Buy or equivalent, 3 are Hold and 3 are Sell or equivalent. The mean price target is A$3.71, with targets ranging from A$3.43 to A$4.06, against a current share price of A$3.26 (8 October 2026). Charter Hall Long WALE REIT is described as Australia's largest diversified net Lease REIT, with long-dated leases to government and corporate tenants.

Company name

Charter Hall Long WALE REIT

Ticker

(ASX:CLW)

Exchange

ASX (Australian Securities Exchange)

Current share price

A$3.26

Price date

8 October 2026

Number of analysts

7

Rating consensus

Hold

Consensus price target (mean)

A$3.71

Highest target

A$4.06

Lowest target

A$3.43

Implied upside/downside to mean target

Implied upside of 13.8%

Latest developments

Charter Hall Long WALE REIT (ASX:CLW) announced its 2026 full year results on 13 August 2026. Operating earnings were $181.9 million, or 25.5 cents per security, up 2.0%, and distributions were 25.5 cents per security. Statutory earnings were $275.9 million and net tangible assets were $4.71 per security, up 2.6% from 30 June 2025. Balance Sheet gearing was 27.5%, at the lower end of the 25% to 35% target range.

Average annual net property income growth was 3.1%, the portfolio weighted average lease expiry was 9.2 years and occupancy was 99.9%. All of the portfolio was independently valued during the year, producing a net property valuation uplift of $188 million, or 3.2%.

The REIT completed a $2.0 billion refinance of its balance sheet debt, implementing a new secured Debt platform with extended maturities, improved pricing and enhanced covenants, with average forecast hedging of 85% in FY27. Post balance date activity includes the Acquisition of a 25% interest in Sonic Healthcare, Brisbane, and the divestment of the Veolia/Cleanaway NSW portfolio. Operating highlights also include practical completion of the cold storage expansion at the Coles Distribution centre.

Risks and what to watch

Operating earnings growth was 2.0%, and 85% hedging in FY27 leaves part of the debt exposed to Interest Rate movements. Valuations rose 3.2% during the year, and property values depend on Capitalisation rates and rental growth. Gearing of 27.5% is pro forma adjusted for post balance date transactions. Long-dated leases provide income visibility, and results depend on tenant performance and re-leasing outcomes.

Next milestones

Items to watch include distributions against FY26 levels of 25.5 cents per security, the effect of post balance date acquisitions and divestments, interest rate hedging, gearing relative to the 25% to 35% target range, and the half-year result.