ALE Property Group is seen as a defensive investment, considering its secure medium-term earnings.
We have increased our fair value estimate for narrow-moat-rated ALE Property Group by 3% to AUD 4.94 per security due to the time value of money impact on our financial model. The company announced a fiscal 2018 interim distribution of AUD 10.35 cents per security, 2% higher than the interim distribution of AUD 10.15 cents in fiscal 2017. Management distribution guidance for fiscal 2018 of at least equivalent to fiscal 2017 plus CPI is unchanged. We maintain our fiscal 2018 distribution estimate...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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