Two ASX Dividend Stocks Catching the Eye of Long-Term Income Investors

Both CLW and DXI have a history of regular dividends, with FY27 distribution guidance remaining steady, making them income focused REITs.

Charter Hall Long WALE REIT (ASX: CLW) 

Announced its FY26 full year results on 13 August 2026. Operating earnings reached $181.9 million, or 25.5 cents per security (cps), improved 2.0% from the prior corresponding period. Statutory earnings were $275.9 million, while net tangible assets increased 2.6% to $4.71 per security. The portfolio recorded 3.1% average annual net property income growth and a $188 million, or 3.2%, valuation uplift.

For FY26, CLW paid distributions of 25.5 cps, with the distribution increasing 2.0%. The portfolio had 99.9% occupancy and a 9.2-year weighted average lease expiry. Around 99% of income was leased to government, ASX-listed, multinational and national tenants. All leases include annual rent increases, with 54% of rent reviews linked to CPI. Also, 51% of leases are triple net, helping limit capital expenditure leakage.

During FY26, CLW completed $248 million of net property transactions. It divested $324 million of assets at a 4.7% average yield and invested $572 million at a 7.4% average yield, with the new investments carrying a 13.5-year WALE. The REIT completed a $2.0 billion debt refinance, reducing average credit margins by 20 basis points to 1.2%. Gearing stood at 27.5% and the weighted average debt maturity extended to 4.1 years.

For FY27, CLW expects operating earnings per security of 25.5 cps and distribution per security of 25.5 cps, based on information available on 13 August 2026 and assuming no unforeseen events. The guidance represents a 6.7% distribution yield based on the previous day’s closing price. Average forecast debt hedged for FY27 is 85%, supporting more stable interest costs.

Dexus Industria REIT (ASX: DXI) 

Announced its FY26 results on 12 August 2026. FFO was $55.7 million, or 17.6 cents per security, above upgraded guidance of 17.4 cents. Distributions were 16.6 cents per security, in line with guidance. Statutory net profit after tax was $74.4 million compared with $84.2 million previously, mainly due to lower property valuation gains. NTA rose 2.4% to $3.42 per security.

The portfolio recorded 5.3% like-for-like income growth with 98.8% occupancy and a 5.2 year weighted average lease expiry. Leasing activity reached 169,693 square metres, including 89,414 square metres across the stabilised portfolio at a 21.4% positive re-leasing spread. About 87% of income has fixed or CPI linked reviews. Development completions at ASCEND Industrial Estate in Jandakot totalled 45,200 square metres with an average yield on cost of 7.0%.

DXI’s portfolio includes 90 properties valued at $1.5 billion, with a weighted average capitalisation rate of 5.91%. The committed development pipeline covers 54,200 square metres across five projects with more than 68% pre-leased. Total development potential including the uncommitted pipeline, is 219,000 square metres. The four industrial assets were acquired during the year.

The securities buy-back reached 60% of the initial 2.5% target which was doubled to 5%. Look-through gearing was 31.2% with no debt expiries until FY28. For FY27, DXI expects FFO of 17.0 cents per security and distributions of 16.6 cents, with distributions expected to remain in line with the prior year. The stated distribution yield is 6.8%.

(Source: Company Report)