Charter Hall Long Wale Reit · ASX:CLW
Charter Hall Long Wale Reit — FY2026 Earnings Presentation
34 slides from Charter Hall Long Wale Reit's earnings presentation, Aug 13, 2026
Slide 1: 2026 Full Year Results
Charter Hall Long WALE REIT 2026 Full Year Results ASX:CLW Charter Hall Long WALE REIT 2026 Full Year Results
Slide 2: Agenda
Click icon to add picture Agenda 1. Overview and FY26 full year highlights 2. Financial performance 3. Operational update and portfolio overview 4. Outlook and guidance 5. Additional information Charter Hall managed asset NAIDOC Week at 130 Lonsdale Street, Melbourne VIC Acknowledgement of Country C
Slide 3: Overview and FY26 full year highlights
Overview and FY26 full year highlights 1 Charter Hall Long WALE REIT 2026 Full Year Results Sonic Healthcare Brisbane, QLD 3
Slide 4: FY26 full year highlights
Overview and FY26 full year highlights FY26 full year highlights1 Financial Portfolio Capital performance performance management Operating EPS and DPS of $248 million of earnings accretive net Secured debt platform transition 25.5 cents per security acquisitions comprehensive refinance of balance sh
Slide 5: Implementation of a new $2 billion secured debt platform
Overview and FY26 full year highlights Implementation of a new $2 billion secured debt platform Complete refinance of CLW’s balance sheet debt – extended maturity, reduction in debt cost and increased covenant headroom Debt maturity extended Reduction in cost of debt Enhanced covenant flexibility –
Slide 6: CLW: Australia's largest diversified Net Lease REIT
Overview and FY26 full year highlights CLW Diversified Long WALE CLW: Australia’s largest diversified Net Lease REIT Net Lease Strategy Enhanced by: To provide investors with stable and secure income and targeting both income and capital growth Strategic Active Asset Prudent Capital through an expos
Slide 7: $6.1 billion portfolio valuation
Overview and FY26 full year highlights CLW: Australia’s largest diversified Net Lease REIT $6.1 billion portfolio valuation1 Diversified, long WALE portfolio Office 16% Hospitality 26% Data centres & social 9.2 years infrastructure Coles Distribution Centre portfolio WALE 17% Energy & Perth, WA conv
Slide 8: Benefits of CLW's long WALE, Net Lease strategy
Overview and FY26 full year highlights Benefits of CLW’s long WALE, Net Lease strategy 30 years Predictable growing income – Predictable, long-term rental cashflow – 9.2 year WALE and 30 year WALE+ portfolio WALE+2 – 3.1% average annual rent increases + 100% – Inflation protection with 54%1 of lease
Slide 9: Strategy has delivered significant value for CLW investors since IPO
Overview and FY26 full year highlights Strategy has delivered significant value for CLW investors since IPO Leveraging Charter Hall Group’s market leading diversified platform and sale and leaseback transaction expertise Net Lease investment CLW investment Current equity value + Equity invested Tota
Slide 10: CLW provides an attractive distribution yield
Overview and FY26 full year highlights CLW provides an attractive distribution yield 6.7% 5.0% 5.0% 4.2% 3.4% 3.1% CLW FY27 DPS Guidance (Share Avg. 12-month Aus term deposit rate 2 Aus 10-year Gov Bond Yield 2 Aus 4 largest banks FY26 avg. DPS Weighted avg. AREIT DPS Yield 4 ASX200 Dividend Yield 5
Slide 11: Financial performance
Financial performance 2 Charter Hall Long WALE REIT 2026 Full Year Results bp Caringbah Sydney, NSW 11
Slide 12: Earnings summary
Financial performance Earnings summary – FY26 like-for-like net property income increased by $m FY25 FY26 % change 3.0% Net property income – like-for-like 278.4 286.7 3.0% – Increase in finance costs driven by transaction Net property income – transaction impacted 21.3 33.4 activity combined with a
Slide 13: Balance sheet
Financial performance Balance sheet – During FY26, CLW settled $572 million1,2 of property $m 30 June 2025 30 June 20261 acquisitions and $324 million1 of divestments Cash 55.4 18.3 – Over the course of the financial year, 100% of the Investment properties 2,387.8 2,527.1 portfolio has been independ
Slide 14: Capital management
Financial performance Capital management Balance sheet debt maturity profile – $m 550 540 550 - Completed comprehensive refinance and transition of balance sheet debt to a new $2.0 billion secured 360 platform in June 2026 - Weighted average debt maturity of 4.1 years, with staggered maturities thro
Slide 15: Operational update and portfolio overview
Operational update and portfolio overview 3 Charter Hall Long WALE REIT 2026 Full Year Results Coles CoreWest Distribution Centre, Truganina (under construction) Melbourne, VIC 15
Slide 16: Portfolio curation and capital recycling to drive long term earnings growth
Operational update and portfolio overview Portfolio curation and capital recycling to drive long term, sustainable earnings growth Price WALE1 Property Major tenant Settlement date ($m) (years) Investments 7.4% Westpac Building, Kogarah NSW Australian Border Force, Bulla VIC Westpac Commonwealth Gov
Slide 17: Investment activity highlights
Operational update and portfolio overview Investment activity highlights Increased exposure to long WALE, critical social infrastructure properties in strategic locations Social infrastructure Telco Exchanges portfolio, National Sonic Healthcare, Brisbane QLD Kent Street Exchange, Sydney CBD Lonsdal
Slide 18: Active asset management and development capability to increase portfolio WALE
Operational update and portfolio overview Active asset management and development capability to increase portfolio WALE Industrial & logistics Coles Distribution Centre, Perth Airport WA − During 2H FY26, practical completion was reached for the cold storage expansion works at Coles’ Perth Airport D
Slide 19: $6.1 billion diversified portfolio of high-quality real estate
Operational update and portfolio overview $6.1 billion diversified portfolio of high-quality real estate Diversified across geography, real estate sector and tenant industries Key metrics June 2025 June 2026 Number of properties 510 505 Property valuation ($m) 5,455 6,1131 Weighted Average Capitalis
Slide 20: Best in class tenant register
Operational update and portfolio overview Best in class tenant register Strong and stable tenant base of government, ASX-listed, multinational and national tenants Major tenants1 21% 4% 20% 3% 13% 2% 11% 2% 7% 1% 5% 1% 4% 1% 1. Weighted by net passing income as at 30 June 2026 Charter Hall Long WALE
Slide 21: Focus on key defensive tenant industries
Operational update and portfolio overview Focus on key defensive tenant industries1 Defensive and resilient to economic shocks Government (21%) Hospitality convenience retail (20%) Grocery & distribution (13%) Data centres & telecommunications (13%) Geosciences Australia, Canberra Breakfast Creek Ho
Slide 22: Geographic and sector diversification
Operational update and portfolio overview Geographic and sector diversification Geographic diversification1 Real estate sector diversification1,2 Northern Territory New Zealand & Tasmania South Australia 3% 1% 5% 5.6 year Australian Capital WALE Territory 6% Office 16% Hospitality New South Wales 26
Slide 23: Long portfolio WALE
Operational update and portfolio overview Long portfolio WALE1 Blue chip covenants providing long term income security 9.2 years 13.5% 11.1% 10.0% 7.4% 7.2% 7.0% 6.4% 5.5% 4.7% 3.7% 3.9% 3.4% 3.5% 2.8% 2.4% 1.7% 2.1% 1.9% 1.5% 0.4% FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY35 FY36 FY37 FY38 FY39 FY4
Slide 24: Longer portfolio WALE+
Operational update and portfolio overview Longer portfolio WALE+1 WALE+ reflects the portfolio WALE and all future option terms for CLW’s NNN leased portfolio - 51% of CLW’s portfolio is comprised of NNN leased properties that are of critical importance to the business operations of our tenant custo
Slide 25: FY26 Sustainability achievements
Operational update and portfolio overview Environment Social Governance FY26 Sustainability achievements By integrating sustainability across our platform and leveraging our scale, we Net Zero1 Community partnerships ESG leadership attract and retain capital while Maintained Net Zero Scope 1 and Sco
Slide 26: Outlook and guidance
Outlook and guidance 4 Charter Hall Long WALE REIT 2026 Full Year Results Coles Distribution Centre Perth, WA 26
Slide 27: Outlook and guidance
Outlook and guidance Outlook and guidance FY27 guidance1 Operating earnings Distributions per per security security 25.5cps Australia’s largest diversified Predictable, long-term Enhance portfolio through Net Lease REIT rental cashflow curation & capital recycling 25.5cps Representing a distribution
Slide 28: Additional information
Additional information 5 Charter Hall Long WALE REIT 2026 Full Year Results Woolworths Distribution Centre Melbourne, VIC 28
Slide 29: Statutory earnings reconciliation
Additional information Statutory earnings reconciliation Reconciliation of operating earnings to statutory earnings $m FY25 FY26 Operating earnings 178.6 181.9 Net fair value movements on investment properties (4.0) 150.7 Net fair value movements on debt and derivative financial instruments (48.7) (
Slide 30: FY26 portfolio revaluations
Additional information FY26 portfolio revaluations Convenience Data centres & - 100% of the portfolio has been independently Net Lease Industrial & social Portfolio valuation ($m) retail logistics Office infrastructure Total valued during FY26 resulting in a net property valuation uplift of $188 mil
Slide 31: Property investment portfolio
Additional information Property investment portfolio1 REIT WALE2 Asset State Interest (years) ALE portfolio (80 properties) Australia wide 50.0% 2.8 LWIP portfolio (65 properties) Australia wide 49.9% 8.3 bp Australia portfolio (215 properties) Australia wide 50.0%3 13.5 bp New Zealand portfolio (70
Slide 32: Property investment portfolio
Additional information Property investment portfolio1 REIT WALE2 Asset State interest (years) Telco Exchanges portfolio (36 properties)2 Australia wide 44.7%3 14.2 Pitt Street Telco Exchange, Sydney CBD NSW 100.0% 4.5 Sonic Healthcare, Brisbane QLD 25.0% 20.0 Geosciences Australia, Canberra ACT 33.3
Slide 33: Glossary
Additional information Glossary ASX Australian Securities Exchange Balance sheet gearing Calculated as the ratio of net drawn debt (excluding unamortised debt establishment costs) to total tangible assets, less cash CAGR Compound annual growth rate CLW or the REIT Charter Hall Long WALE REIT DPS Dis
Slide 34: Further information
Further information Investor Relations Tel 1300 365 585 (within Australia) +61 2 8651 9000 (outside Australia) Email reits@charterhall.com.au Presentation authorised by the Board charterhall.com.au/clw IMPORTANT NOTICE & DISCLAIMER This presentation ("Presentation") has been prepared by and is the s
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