Charter Hall's Long WALE REIT, which owns assets with long leases across retail, office, agri-logistics and industrial property sectors, has seen an uptick in the value of its properties by $96 million and rental growth of 2.6 per cent over the year as COVID-19 takes its toll elsewhere across the commercial property market.

The fund reported no impact as a result of the pandemic to operating earnings for the year ended June 30, which was in line with guidance at 28.3 cents per security, and up from 26.9 cents last financial year.