Charter Hall Long WALE REIT (AU:CLW) has released an update.
Charter Hall Long WALE REIT navigates economic challenges with a robust portfolio, maintaining a 99.9% occupancy rate and achieving 4.7% rental growth in FY24. Despite higher interest costs impacting earnings, the REIT’s strategic asset sales and a diversified tenant base, including government and blue-chip companies, provide a foundation for future growth. The company also advances its sustainability initiatives, achieving Net Zero emissions for assets under operational control, and plans further solar installations.
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