Expected Future Uplift in Rental Income Largely Reflected in the Share Price
Narrow moat-rated ALE Property Group reiterated its guidance at its annual general meeting, with a fiscal 2017 distribution equalling at least the AUD 20.0 cents per security in fiscal 2016, adjusted for CPI inflation. Our fiscal 2017 distribution estimate remains unchanged at AUD 20.5 cents, implying a distribution yield of 4.6% at current prices.ALE Property Group’s appeal to investors is the prospect of two significant increases in rent in the mid and long term. However, we believe these are...
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.
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