Charter Hall Long WALE REIT (ASX: CLW) released its FY 2018 results today and here are the highlights:
- FY 18 Earnings Per Share (EPS) and Distributions Per Share (DPS) of 26.4 cents (a 3.9% annual growth)
- Net Tangible Assets increased to $4.05 per unit
- Weighted Average Lease Expiry (WALE) of 10.8 years
- 100% occupancy
The REIT's distributions are at an effective 6.2% yield to its current share price of $4.25 which is higher than some of its peers.
Its longer WALE also provides investors with more certainty but perhaps less upside compared to other REITs such as Mirvac Group (ASX: MGR), GPT Group (ASX: GPT) and DEXUS Property Group (ASX: DXS).
Despite its high yield, Charter Hall Long WALE REIT is not our number 1 dividend pick. Read this FREE REPORT to find out more on our #1 dividend share recommendation now.
