CLW – UBS rates the stock as Neutral

The company will acquire $415m in assets funded in part by a $250m rights issue. UBS estimates the transaction will be marginally dilutive to earnings and this explains the underwhelming FY22 growth guidance of 2.75%.

The attractive attributes of the portfolio of buildings in which Charter Hall Long WALE will acquire a 50% stake include around 75% of leasing to government tenants.

Neutral rating maintained. Target is reduced to $4.77 from $4.80.

Sector: Real Estate.


Target price is $4.77.Current Price is $4.81. Difference: ($0.04) – (brackets indicate current price is over target). If CLW meets the UBS target it will return approximately -1% (excluding dividends, fees and charges – negative figures indicate an expected loss).



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