ASX-listed landlord Charter Hall Long WALE REIT has flagged the prospect of asset sales to reduce its debt load, after portfolio writedowns pushed its gearing level higher and led to a $189 million statutory loss for its 2023 financial year.

The statutory result was driven by a $362.7 million valuation writedown recorded against its $6.8 billion diversified portfolio of office towers, warehouses, social infrastructure, agricultural assets and retail, including pubs and petrol stations. A year earlier, when the property trust posted a $911.9 million profit, it booked a $625.9 million portfolio revaluation gain.