Charter Hall Long WALE REIT report statutory profit of $69.6 million

Company News

by Rachael Jones

Charter Hall Long WALE REIT (ASX:CLW) released its FY19 results for the period ending 30 June 2019 showing statutory profit of $69.6 million.

Operating earnings of $70.8 million are up 2 per cent on the prior corresponding period.

The company say they have diversified with the introduction of the Inghams portfolio in the agri-logistics sector and a number of new government, ASX-listed and multinational tenants.

They have also increased their lease with Woolworths in Victoria.

Shares in Charter Hall Long WALE REIT (ASX:CLW) closed 0.19 per cent higher at $5.28.

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.