ALE Property Group is seen as a defensive investment, considering its secure medium-term earnings.
Narrow-moat-rated ALE Property Group offers investors an income stream with visibility and relatively secure distributions, with a current yield of 4.5% based on estimated fiscal 2018 distributions. However, the securities are trading close to our unchanged AUD 4.80 fair value estimate.Transactions of freehold pubs with strong tenants such as ALH Group have been scarce over the past year. Still, the limited number of sales we have observed point to market values and demand remaining strong for ...
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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