Charter Hall Long WALE REIT

What Charter Hall Long WALE REIT does

Charter Hall Long WALE REIT (ASX:CLW) is an Australian Real Estate Investment Trust that invests in real estate assets leased on long-term contracts to corporate and government tenants. The REIT holds 515 properties across Australia and New Zealand diversified across four sectors: Office, Industrial & Logistics, Retail, and Social Infrastructure. Its portfolio is valued at approximately $6 billion AUD with a 9.2-year Weighted Average Lease Expiry (WALE) and 99.9% occupancy, producing stable, recurring rental income. The REIT is structured as a stapled trust and managed by Charter Hall Group, Australia's leading fully integrated diversified property investment and funds management group with $92.2 billion in funds under management across 1,600+ properties.

The REIT's revenue model is subscription/recurring, generating rental income from its diversified property portfolio and delivering distribution and capital growth to unit holders. Balance sheet gearing stands at 29.8% within target range, and H1 FY2026 operating earnings per security grew 2% to AUD 0.1275, with full-year FY2026 guidance of AUD 0.255 per security. Net tangible assets per security reached AUD 4.68 in H1 FY2026, with portfolio value appreciating 2.8%. Investors access the REIT via ASX-listed securities (CLW) or through Charter Hall's unlisted Direct Long WALE Fund (LWF).

Distribution is conducted through the ASX primary listing, an unlisted direct fund (LWF), and financial adviser networks. The REIT is part of Charter Hall Group's broader suite of listed property funds, alongside Charter Hall Retail REIT (CQR), Charter Hall Social Infrastructure REIT (CQE), and parent Charter Hall Group (CHC). Charter Hall Group's interests are aligned through a material investment in the REIT. Operating geographies are Australia and New Zealand, with the investor relations function led by Nick Kelly (Head of Listed Investor Relations) and Virly Cascales Maestre, and the Deputy Fund Manager role held by Darryl Chua. Governance is provided by Chair Glenn Fraser and non-executive directors including Ceinwen Kirk-Lennox and Ray Fazzolari.

Name

Charter Hall Long WALE REIT

Legal name

Charter Hall WALE Limited

Website

http://www.longwalereit.com.au

Company type

Public

Founded year

1991

Operating status

Operating

Headcount range

251–500 employees

Short description

Charter Hall Long WALE REIT (ASX:CLW) is an Australian-listed REIT that owns 515 long-leased commercial properties across Australia and New Zealand, providing retail and institutional investors with stable rental income and capital growth. The $6 billion portfolio is managed by Charter Hall Group.

Ownership category

akta.pro rank

Product category

Real Estate Investment Trust (REIT)

NAICS

Lessors of Real Estate (5311), Real Estate and Rental and Leasing (53)

SIC

Real Estate Investment Trusts (6798)

akta.pro primary industry

Real Assets — Real Estate Debt (Whole Loans, Mezzanine, CMBS/CLO) (FSAHAIAB)

Keywords

• Commercial real estate investment
• Long lease property
• Listed property securities
• Diversified property portfolio
• REIT fund management

Headquarters

HQ city

Sydney

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Marketing or Sales

Revenue model

1. Rental Income from Property Portfolio: The REIT generates revenue primarily through rental income from its diversified portfolio of Australian and New Zealand properties across office, industrial, retail, and social infrastructure sectors. The REIT maintains 99.9% occupancy and a 9.2-year WALE, providing stable and secure income distributions to investors.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Charter Hall Long WALE REIT (ASX: CLW) is an Australian listed Real Estate Investment Trust that owns a portfolio of 515 commercial properties across Australia and New Zealand leased predominantly to corporate and government tenants on long-term agreements, producing stable rental income distributed to investors. The portfolio is diversified by tenant, industry, geography, and property type across office, industrial & logistics, retail, and social infrastructure sectors, with a 9.2-year Weighted Average Lease Expiry and 99.9% occupancy supporting predictable distributions.

Product overview

Charter Hall Long WALE REIT (ASX: CLW) is a single core REIT offering focused on providing investors with stable income and capital growth through long WALE properties. The REIT holds 515 Australian and New Zealand properties diversified across Office, Industrial & Logistics, Retail, and Social Infrastructure sectors. The REIT is managed by Charter Hall Group, Australia's leading fully integrated diversified property investment and funds management group, with $92.2 billion of funds under management and over 1,600 properties. The REIT's strategy focuses on assets predominantly leased to tenants with strong covenants on long-term leases, maintaining a 9.2-year WALE and 99.9% occupancy rate. The portfolio is valued at approximately $6 billion with balance sheet gearing at 29.8%.

Differentiator

Problem solved

Functional benefit

Products and services

• Charter Hall Long WALE REIT (ASX: CLW) An Australian Real Estate Investment Trust (A-REIT) listed on the ASX (ticker CLW, also CHLWF on US OTC) that provides retail and institutional investors with stable and secure income and the potential for capital growth through exposure to a diversified $6 billion portfolio of 515 long-WALE commercial properties across Australia and New Zealand, leased predominantly to corporate and government tenants across office, industrial & logistics, retail, and social infrastructure sectors. The fund is managed by Charter Hall Group and operates with a 9.2-year WALE and 99.9% occupancy.

Quantifiable outcome

• 2% growth in operating earnings per security to AUD 0.1275 in Q2 FY2026
• +3 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Charter Hall GroupcoreStrategic or Co-development Partner · 12 February 2026Charter Hall Group is the manager and sponsor of the REIT. The Group has $92.2 billion in funds under management and manages over 1,600 properties. Charter Hall's interests are aligned through a material investment in the REIT.

Scale indicators11 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Charter Hall Retail REIT: ASX-listed retail-focused REIT (ASX:CQR) managed by the same Charter Hall Group. Directly comparable in structure (listed REIT, Australian), distribution model, and management, but focused on retail rather than diversified long-WALE assets.
• Charter Hall Social Infrastructure REIT: ASX-listed social infrastructure REIT (ASX:CQE) also managed by Charter Hall Group. Sister fund with the same external manager, ASX-listed structure, and income-oriented mandate; differs only by sector focus.
• GPT Group: One of Australia's largest diversified listed property groups (ASX:GPT) with office, retail, and logistics assets across Australia. Closest large-cap peer to Charter Hall Long WALE REIT given diversified sector exposure and listed REIT structure.
• Dexus: ASX-listed Australian office-focused REIT (ASX:DXS) with industrial and retail adjacencies. Comparable as a large Australian listed REIT with diversified property exposure and an institutional tenant base.
• Mirvac Group: ASX-listed diversified REIT (ASX:MGR) with office, retail, industrial, and residential development exposure. Comparable in listed REIT structure, Australian geography, and diversified mandate, though Mirvac includes residential development not present in CLW.
• Stockland: ASX-listed diversified property group (ASX:SGP) covering logistics, office, retail, and residential. Comparable as a diversified Australian listed REIT/real estate operator, though it includes development that CLW avoids.
• Goodman Group: ASX-listed global industrial and logistics REIT (ASX:GMG). Comparable as an Australian listed REIT within the same property universe, though Goodman is pure industrial/logistics while CLW is diversified long-WALE.
• Centuria Industrial REIT: ASX-listed Australian industrial REIT (ASX:CIP). Comparable as a smaller-cap listed Australian REIT with a long-WALE-leaning industrial portfolio, providing a useful scale comparison to CLW's industrial holdings.
• HomeCo Daily Needs REIT: ASX-listed Australian convenience/needs-based retail REIT (ASX:HDN). Comparable as a smaller-cap Australian listed REIT with long-WALE leases to essential retail tenants, mirroring CLW's defensive income thesis.

Broad incumbents

• Realty Income Corporation: NYSE-listed global net-lease REIT and the global archetype for long-WALE, contract-based income strategies. Closest international analog to CLW's long-WALE defensive income model and a relevant valuation/pricing benchmark.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Charter Hall Long WALE REIT