Morningstar | ALE Property Group's Material Rent Uplift in Fiscal 2019 Only a Precursor.
ALE Property Group owns a portfolio of freehold pub properties across Australia, spun out of Fosters in 2003. All properties are leased to Australian Leisure and Hospitality Group, a Woolworths subsidiary. ALH owns the pub businesses and pays rent under long-term inflation-linked leases that require it to cover most property-related costs. Long-term upside should come from a full market review in fiscal 2029. Guidance is for distributions to grow with the consumer price index, from AUD 0.21 per security in fiscal 2018. Internal management and material director security ownership align interests with investors.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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