ALE Property Group is considered a defensive investment considering its secure medium-term earnings.
We continue to view an investment in narrow moat-rated ALE Property Group as one that is "bond-like" in nature. This is due to the group’s relatively long-weighted average lease expiry of about 12 years, and with ALH Group, a major corporate, as its tenant. At current prices, securities in ALE trade at a 10% discount to our unchanged AUD 4.80 fair value estimate and offer an estimated distribution yield of 4.7% in fiscal 2017. ALE’s appeal to investors is the prospect of two significant increase...ALE Property Trust is engaged in investment in property and property funds management. Co. comprises Australian Leisure and Entertainment Property Trust and its controlled entities. As of June 30 2016, Co. owned a portfolio of 86 pub properties across the five mainland states of Australia.
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.
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