Forums / Property Investing / Commercial Property / Charter Hall long WALE REIT ?

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  • Profile photo of fxdaemonfxdaemon
    Participant
    @fxdaemon
    Join Date: 2013
    Post Count: 114

    Hi experts,

    Anyone here has any experience investing in Charter Hall REIT funds and especially the office REIT?
    What’s the thought on the to be launched long WALE REIT fund?

    Thanks
    FXD

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,850

    Generally REITs trade at a discount to net tangible assets.

    Cashflow is pretty stable.

    You’ll need to understand the tenancy profile to determine whether there are any significant expiries which may impact on returns.

    Are there quality tenants in the mix?

    Profile photo of PropertyGutsPropertyGuts
    Participant
    @propertyguts
    Join Date: 2010
    Post Count: 57

    Err, I think they were once called, Macquarie Office Trust. Listed on the ASX punching along at $1.20 per share, then in 2006 they started purchasing high quality offices in the USA with only 5% yields. GFC hit. Refinancing become a challenge. Properties sold off at way below purchase price. Share price tanked to $0.30. Name change required asap. Changes some faces. Strategy is the same. Millionaires factory, yeh right. Fee fiend factory.

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