Charter Hall Long WALE REIT lifts valuations


Charter Hall Long WALE REIT have revalued their portfolio upwards following the external valuation of 93% of the portfolio.

The new valuation reflects an increase of $30.6M, representing a 1.9% increase over the June year end numbers. The increased valuations were derived in part by a 7bps sharper cap rate to a WACR of 6.04%.

The majority of the increase came in the retail sector where $15M was added from a 10bps sharper cap rate to 5.79%. The majority of Charter Halls Long WALE REIT retail assets are Hotel assets leased to ALH Group on triple net lease structures with all maintenance capital expenditure paid by the tenant. By comparison, the listed ALE Property Group which owns 86 pubs around Australia, (also fully leased to ALH Group), holds their assets on a 4.98% yield.

The results across the portfolio are highlighted in the table below;

#CharterHall

Capital Management Australia

PO Box R1254

SYDNEY   NSW   1225

Tel: +61 412 173 476

Email: warwick@cmaust.com

ABN: 32 610 910 819

AFSL: 493605

  • LinkedIn Social Icon
  • Wix Facebook page
  • Wix Twitter page
  • Wix Google+ page

Capital Management Australia

© 2016 by Trademark.

Our Expertise, Our Privilege
Your Capital, Your Choice