Charter Hall Long Wale REIT released its 1HFY23 result

Charter Hall Long Wale REIT (ASX: CLW) provided results for the 1HFY23 as follows:

• The company executed divestitures of AU$112 million and income-enhancing property purchases worth AU$105 million in the first half of FY23, which helped to raise the quality of its portfolio.
• Operating profits for the firm in the 1HFY23 were AU$101.2 million, or 14.0 cents per share (cps).
• During 1HFY23, CLW refinanced and increased the syndicated debt facility for the BP Australia portfolio by four years and it has a weighted average debt maturity of 5 years with staggered maturities over a nine year period from FY24 to FY32.
• Charter Hall reconfirms its FY23 Operating EPS guidance of 28.0 cents and distribution per security guidance of 28.0 cents.

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