CLW: Charter Hall fund to try offload another $500m of assets to cut debt
The fund is pushing ahead with its largest round of divestments yet as its gearing levels edge closer to lending covenants.
Source: afr.com
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Interest rates hits some REITs hard
Borrowing costs affect all investors, but particularly those in commercial property. And then there’s the issue of values.
Source: afr.com
Charter Hall REIT cops $198m loss
A Charter Hall REIT suffered a major blow to its bottom line, copping a $198 million loss as substantial devaluations in the commercial real estate sector materialise in the 2023 financial year results.
Source: financialstandard.com.au
CLW ASX: Charter Hall fund flags asset sales as gearing rises
The fund’s result will amplify what is expected to be a dominant theme in the current reporting season, with a wave of writedowns expected across the sector.
Source: afr.com
Charter Hall Long Wale REIT lifts revenue, earnings, profit and distributions but gap between asset value and share price grows
It’s been a huge six months for the commercial real estate fund, but investor demand has failed to track a big increase in assets under management.
Source: afr.com