ALE Property Group is seen as a defensive investment, considering its secure medium-term earnings.
Narrow-moat ALE Property Group increased its distribution by 2% to AUD 20.4 cents per security in fiscal 2017, in line with our estimate of AUD 20.5 cents. As we expected, the distribution is supplemented by AUD 5.5 cents per security, or AUD 10.8 million, from capital and existing cash reserves. We expect the group to continue overdistributing, essentially predistributing future earnings. This reflects the under-rented position of its portfolio and the significant expected rent increases in fis...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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