ALE Property Group’s Bright Rental Outlook Already Reflected in Prices and Yields
In the lead up to a long-awaited first material uptick in rental income in fiscal 2019, securities in narrow-moat ALE Property Group are currently trading at a premium of 8% to our revised intrinsic assessment. We increased our fair value estimate by 3% to AUD 5.10 from AUD 4.94 mainly due to the time value of money.The key driver of our discounted cash flow model is the second, open market rent review in fiscal 2029, when we expect a more sizable 37% increase in rental income. The profitabilit...
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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