Charter Hall Long WALE REIT’s move to hedge more than three-quarters of its debt, totalling $2.1 billion, while also increasing the proportion of its leases pegged to inflation has helped it deliver earnings in line with guidance.
Operating earnings for financial year 2022 rose 4.5 per cent to $207.2 million, equivalent to 30.5¢ per unit, while total distributions also rose 4.5 per cent to 30.5¢. Led by Avi Anger, the $3 billion property trust has flagged lower earnings and distributions for the 2023 fiscal year, both at 28¢.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
