Charter Hall (ASX:CLW) operating earnings up 3.2% in FY21

Company News

by Lauren Evans

Real Estate Investment Trust, Charter Hall Long WALE (ASX:CLW), announces its full year results for the period ending 30 Jun 2021 (FY21).

The company recorded operating earnings of $159 million, up 3.2 per cent from the prior year. Statutory profit reached $618.3 million and $652 million of equity was raised. 

Portfolio weighted average lease expiry (WALE) of 13.2 years, provided long term income security. $5.6 billion property portfolio was up from $3.6 billion from the prior year.

During FY21, Charter Hall announced $1.4 billion of new property acquisitions which contributed to enhancing portfolio quality, sector diversification and strengthening the quality and diversification of tenants.

Shares in Charter Hall Long WALE (ASX:CLW) are trading 2.8 per cent higher at $5.12. 

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