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Charter Hall Long WALE REIT (ASX:CLW) Interest Expense (Positive)


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What is Charter Hall Long WALE REIT Interest Expense (Positive)?

Interest Expense (Positive) only applies to insurance companies.

Charter Hall Long WALE REIT (ASX:CLW) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Charter Hall Long WALE REIT (ASX:CLW) » Definitions » Interest Expense (Positive)
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Traded in Other Exchanges
CHLWF:USA
Address
No. 1 Martin Place, Level 20, Sydney, NSW, AUS, 2000
Website
https://www.charterhall.com.au
Charter Hall Long Wale REIT is a diversified property trust, with assets in Australia and New Zealand. Occupancy is near 100%, and weighted average lease length is a long 11.2 years (as at June 30, 2023). More than half the REIT's leases are triple-net, where tenants pay rates, maintenance and most outgoings. The REIT's about AUD 7 billion portfolio of 550 properties spans offices, industrial, retail, social infrastructure, and agricultural logistics assets, with about 79% of the portfolio on Australia's eastern seaboard. Leases are evenly spread between CPI-linked (7.2% average rent increase expected in 2023) and fixed uplifts (average 3.1% uplift expected). The tenant profile is strong, with almost all occupiers being government, multinational or national businesses.