Statutory profit for Charter Hall Long Wale REIT hit $83.3m

Company News

by Rachael Jones

Charter Hall Long Wale REIT (ASX:CLW) announced its statutory profit hit $83.3 million for the 2018 financial year.

Meantime in good news for the property manager, its revenue strengthened over the year, rising $23.4 million to $69 million.

Its operating earnings also lifted, rising over $20 million, hitting $58.4 million.

The company declared a higher distribution in FY18 of 26.4 cents per security (CPS), paying out 59.8 million.

Shares in Charter Hall Long Wale REIT (ASX:CLW) closed 0.95 per cent higher to $4.25 yesterday

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.