Australia · Delayed Price · Currency is AUD Charter Hall Long WALE REIT Earnings Call Transcripts
Fiscal Year 2026
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FY 2026 earnings and distributions reached AUD 0.255 per security, with 99.9% occupancy and 27.5% pro forma gearing. FY 2027 distribution guidance remains AUD 0.255; Michael Gorman became Chair and proxy support for Belinda Robson’s election was 98.12%.
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Operating earnings and distributions per security grew 2% to AUD 0.255, with NTA up 2.6% to AUD 4.71. The AUD 2 billion refinancing strengthened the balance sheet, and the portfolio remains highly diversified and nearly fully occupied. FY 2027 guidance is for stable earnings and distributions.
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Operating earnings and distributions per security grew 2% year-over-year, with a 3% increase in like-for-like net property income and a 2.8% portfolio valuation uplift. Gearing remains within target, hedging coverage increased, and FY 2026 guidance is reaffirmed at a 6.8% yield.
Fiscal Year 2025
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The meeting reviewed FY 2025 performance, highlighting resilient earnings, a 100% payout ratio, and strong portfolio metrics. Strategic acquisitions and sustainability initiatives were emphasized, with guidance for 2% EPS and DPS growth in FY 2026. No formal resolutions were presented.
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Portfolio delivered 3% like-for-like net property income growth and maintained 99.9% occupancy, with FY 2025 operating earnings and distributions per security of AUD 0.25, in line with guidance. FY 2026 guidance forecasts 2% growth, supported by new accretive acquisitions and strong capital management.
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Portfolio delivered 3.5% like-for-like net property income growth and maintained 99.8% occupancy, with operating earnings and distributions per security in line with guidance. Balance sheet strengthened through divestments and a buyback, and guidance for FY 2025 is reaffirmed.
Fiscal Year 2024
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The meeting reviewed FY 2024 performance, highlighting resilient income, strong tenant quality, and successful asset sales to reduce gearing. Board elections were held, and guidance for FY 2025 was reaffirmed amid ongoing interest rate challenges.
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A diversified AUD 5.8 billion portfolio delivered 4.7% like-for-like net property income growth and maintained 99.9% occupancy, with operating earnings per security of AUD 0.26. Strategic divestments reduced gearing and risk, while FY 2025 guidance is set at AUD 0.25 per security.