Charter Hall Long Wale Reit · ASX:CLW
Charter Hall Long Wale Reit — H1 FY2026 Earnings Presentation
33 slides from Charter Hall Long Wale Reit's earnings presentation, Feb 12, 2026
Slide 1: 2026 Half Year Results
Charter Hall Long WALE REIT 2026 Half Year Results Australia’s largest diversified Net Lease REIT ASX:CLW
Slide 2: Agenda
Agenda Agenda 1. Overview and FY26 half year highlights 2. Financial performance 3. Operational update and portfolio overview 4. Outlook and guidance Acknowledgement of Country 5. Additional information Charter Hall acknowledges the Traditional Custodians of the lands on which we work and gather. We
Slide 3: Overview and FY26 half year highlights
Overview and FY26 half year highlights 1 New Brighton Hotel Sydney, NSW
Slide 4: 1H FY26 highlights
Overview and FY26 half year highlights 1H FY26 highlights1 Financial Portfolio Capital performance performance management Operating EPS of $139 million net valuation uplift $1.1 billion of new interest rate 12.75 cents per security 2.8% increase during 1H FY26 for the properties hedging completed 2%
Slide 5: Best in class diversified real estate portfolio
Overview and FY26 half year highlights Best in class diversified real estate portfolio secured by long term leases to blue-chip tenants $6.0 bn 9.2 years 99.9% portfolio valuation1 WALE occupancy2 3.0% 49% LFL3 growth in NNN leases2,4 property income 99% 52% leased to blue-chip lease rent reviews te
Slide 6: Net Lease real estate investments
Overview and FY26 half year highlights Net Lease real estate investments ‘Sleep Well At Night’ investment class providing investors with stable and resilient income Long term leases providing resilient and predictable cashflows Tenants are blue-chip, best-in-class operators reducing default risk Pro
Slide 7: CLW: Australia's largest and most diversified Net Lease REIT
Overview and FY26 half year highlights CLW: Australia’s largest and most diversified Net Lease REIT $6.0bn diversified portfolio with long term leases to market leading tenant customers across essential industries Predictable growing income - Predictable, long-term rental cashflow 30 years portfolio
Slide 8: CLW provides an attractive distribution yield
Overview and FY26 half year highlights CLW provides an attractive distribution yield 6.8% 4.8% 3.9% 3.9% 3.1% 3.0% 2 2 4 5 CLW FY26 DPS Guidance (Share Aus 10-year Gov Bond Yield Aus 4 largest banks FY26 avg. DPS Avg. 12-month Aus term deposit rate Weighted avg. AREIT DPS Yield ASX200 Dividend Yield
Slide 9: Financial performance
Financial performance 2 Bunnings Baldivis Perth, WA
Slide 10: Earnings summary
Financial performance Earnings summary - 1H FY26 like-for-like net property income increased $m 1H FY25 1H FY26 % change by 3.0% Net property income – like-for-like 142.7 147.0 3.0% - Increase in finance costs driven by transaction Net property income – transaction impacted 8.6 11.6 activity combine
Slide 11: Balance sheet
Financial performance Balance sheet - During 1H FY26, CLW settled $455 million1 of $m 30 June 2025 31 December 2025 property acquisitions and $79 million of Cash 55.4 24.3 divestments Investments properties 2,387.8 2,715.1 - Over the course of the first half, 86% of the Investments in JVs2 2,450.8 2
Slide 12: Capital management
Financial performance Capital management Diversified and well-balanced, long term debt maturity profile – $m1 930 - Completed $701 million of accretive debt initiatives 707 comprising: 606 562 - $270 million of new balance sheet debt facilities established with an average term of 5.1 years 127 - $43
Slide 13: Operational update and portfolio overview
Operational update and portfolio overview 12 Shelley Street 52 Martin Place 3 Sydney CBD, NSW
Slide 14: Portfolio enhancing and earnings accretive investments
Operational update and portfolio overview Portfolio enhancing and earnings accretive investments Price WALE1 Property Major tenant Settlement date ($m) (years) Investments Westpac Building, Kogarah NSW Westpac 94.6 9.1 July 2025 Australian Border Force, Bulla VIC Commonwealth Government 62.0 11.4 Ju
Slide 15: Investment activity highlights
Operational update and portfolio overview Investment activity highlights Secured interests in new, long WALE investments Industrial & logistics Coles CoreWest Distribution Centre, Truganina VIC − CLW has acquired a 49.9% interest in a super prime, automated 20 years distribution centre currently und
Slide 16: Investment activity highlights
Operational update and portfolio overview Investment activity highlights Secured interests in new, long WALE investments Office Charter Hall Long WALE Office Partnership − CLW has acquired a $17.6 million equity interest in a new Charter Hall Long WALE Office Partnership, alongside Charter Hall Grou
Slide 17: $6.0 billion diversified portfolio of high-quality real estate
Operational update and portfolio overview $6.0 billion diversified portfolio of high-quality real estate Diversified across geography, real estate sector and tenant industries Key metrics June 2025 December 2025 Number of properties 510 515 Property valuation ($m) 5,455 6,0201 Weighted Average Capit
Slide 18: 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% 12% 3% 11% 2% 7% 1% 5% 1% 4% 1% 1. Weighted by net passing income as at 31 December 2025 Charter Hall Long
Slide 19: 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%) Convenience retail – pubs (21%) Grocery & distribution (13%) Data centres & telecommunications (12%) Geoscience Australia, Canberra Breakfast Creek Hotel, B
Slide 20: 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 3% 2% South Australia 8.2 year 5% WALE Australian Capital Territory Data centres & social 5% infrastructure 13%
Slide 21: Long portfolio WALE
Operational update and portfolio overview Long portfolio WALE1 Blue chip covenants providing long term income security 9.2 years 13.9% 10.8% 10.1% 7.5% 7.1% 6.5% 6.3% 5.4% 4.1% 4.5% 3.9% 4.0% 3.5% 3.2% 1.9% 2.1% 1.4% 1.5% 1.6% 0.5% FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY35 FY36 FY37 FY38 FY3
Slide 22: 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 - 49% of CLW’s portfolio is comprised of NNN leased properties that are of critical importance to the business operations of our tenant custo
Slide 23: Sustainability initiatives
Operational update and portfolio overview Environment Social Governance Sustainability initiatives Achievements in 1H FY26 By integrating sustainability Net Zero1 Community partnerships ESG leadership across our platform and Maintained Net Zero Scope 1 and Scope 2 Continued community activations acr
Slide 24: Outlook and guidance
Outlook and guidance 4 Arnott’s Huntingwood Sydney, NSW
Slide 25: Outlook and guidance
Outlook and guidance Outlook and guidance FY26 guidance1 - CLW’s strategy is to provide investors with stable and secure income and target both income and capital growth through an exposure to a diversified portfolio leased to corporate and government tenants Operating EPS DPS - The portfolio mainta
Slide 26: Additional information
Additional information 5 Brisbane City Council Bus Network Terminal Brisbane, QLD
Slide 27: Statutory earnings reconciliation
Additional information Statutory earnings reconciliation Reconciliation of operating earnings to statutory earnings $m 1H FY25 1H FY26 Operating earnings 89.8 90.6 Net fair value movements on investment properties (15.3) 118.5 Net fair value movements on debt and derivative financial instruments (22
Slide 28: CLW and joint venture summary
Additional information CLW and joint venture summary Investment in property joint ventures – operating earnings and balance sheet breakdown 1H FY26 Balance sheet Telstra Other $m funded CH LEP LWIP bp Aus Total Exchanges trusts2 investments Ownership interest Various 50.0% 49.9% 50.0% 30.6% Various
Slide 29: 1H FY26 portfolio revaluations
Additional information 1H FY26 portfolio revaluations Convenience Data centres & - 86% of the portfolio has been independently Net Lease Industrial & social- Portfolio valuation ($m) retail logistics Office infrastructure Total valued during 1H FY26 resulting in a net property valuation uplift of $1
Slide 30: Property investment portfolio
Additional information Property investment portfolio REIT WALE1 Asset State Interest (years) ALE portfolio (80 properties) Australia wide 50.0% 3.2 LWIP portfolio (65 properties) Australia wide 49.9% 8.8 Club Hotel, Waterford QLD 100.0% 7.0 bp Australia portfolio (215 properties) Australia wide 50.0
Slide 31: Property investment portfolio
Additional information Property investment portfolio REIT WALE1 Asset State interest (years) The Glasshouse, Macquarie Park NSW 50.0% 6.2 Westpac Building, Kogarah NSW 100.0% 8.6 Thales Australia Head Office, Sydney Olympic Park NSW 100.0% 6.4 Australian Taxation Office, Albury NSW 50.0% 2.5 Service
Slide 32: 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 33: 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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