Macquarie rates Charter Hall Long WALE REIT a sell despite strong portfolio

Charter Hall Long WALE REIT enters the second half of 2025 with the quiet confidence of a trust built for durability — long leases, blue-chip tenants, near-full occupancy — yet Macquarie's analysts see a different story beneath the surface. In a market that rewarded the August result with a 5% lift, the broker has issued a sell rating with a price target implying a 17% fall, pointing to leverage that sits uncomfortably high and a rental growth engine cooling as inflation retreats. It is a familiar tension in real estate investment: the very stability that attracts capital can obscure the slow