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.