Hotel Property Investments’ Guidance Upgraded and Capital Distribution Announced; FVE Unchanged
Narrow-moat Hotel Property Investments has announced a tax-deferred capital distribution of AUD 12.5 cents per security in addition to the distribution from trading operations. The distribution from operations in fiscal 2017 has been slightly upgraded to AUD 19.6 cents from AUD 19.5 cents. Inclusive of the capital distribution, total payout is expected to be AUD 22.2 cents for the first half of fiscal 2017 and AUD 32.1 cents for the full fiscal year 2017.Hotel Property Investments is one of our...
Hotel Property Investments is an Australian Real Estate Investment Trust. Co. is engaged in real estate investment in the pub freehold sector in Australia. Co. owns a portfolio of 48 investment properties including 41 freehold pubs (and adjacent specialty tenancies) and 7 detached bottleshops leased to members of the Coles Group.
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