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0.28%

$3.53 charter hall long wale reit

but if they sell even at a 10% discount there is still a 14%...

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EDDYDudes

208 Posts.

59

08/02/24

16:37

Post #: 72308700
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Originally posted by EarlyRetiree: ↑

If they commit to their strategy to divest $500M the look-through gearing will drop to ~37%. So far they only divested $142M.

If they succeed that's ~7% of the portfolio (valued at 6.5B).
Rent rise of ~4% won't compensate for the loss of income.

CLW has to sell some of its best assets - the only ones which would get close to book value - to avoid breaching convenants.
The debt refinance cliff is coming up in three years - and only a fool would think he can predict what the interest rates will be in 2027.

And for all those risks you are rewarded with a tremendous 6.6% yield...

I'll stick with corporate bonds for my income investments and watch from the side line.

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but if they sell even at a 10% discount there is still a 14% upside. Looks like a good upside considering the devaluation that has already been applied

CLW Price at posting: $3.87 Sentiment: Buy Disclosure: Not Held
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(20min delay)
Last $3.53		Change 0.010(0.28%)		Mkt cap ! $2.552B

Open	High	Low	Value	Volume
$3.51	$3.53	$3.48	$2.549M	725.2K

Buyers (Bids)

No.	Vol.	Price($)
1	1505	$3.52

Sellers (Offers)

Price($)	Vol.	No.
$3.53	5314	3

View Market Depth

No.	Vol.	Price($)
5	32186	3.510
3	21623	3.500
4	14355	3.490
5	15866	3.480
1	3095	3.470

Price($)	Vol.	No.
3.530	256	1
3.540	27373	7
3.550	13529	7
3.560	4180	3
3.570	2873	1

Last trade - 16.10pm 13/05/2024 (20 minute delay)


Last $3.52			Change 0.010 ( 0.02 %)
Open	High		Low	Volume
$3.53	$3.54		$3.49	167707
Last updated 15.59pm 13/05/2024 ?

CLW (ASX) Chart

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