The expectation of record-low rates for up to four years at least has boosted the fortunes of the Charter Hall Long WALE REIT which, backed by the longest portfolio lease expiry in the sector, has reaffirmed its guidance for the 2021 full year.

After reporting on the $2.7 billion property trust’s interim earnings fund manager Avi Anger said the Reserve Bank of Australia’s strong signal for the prospect of ultra-low rates until at least 2024 would “play positively” for the fund, which is trading on around a 6.3 per cent dividend yield.