Hotel Property Investments offers an attactive yield and earnings growth visibility.
Our fair value estimate of AUD 3.40 per narrow-moat-rated Hotel Property Investments security is unchanged, as we don’t expect any disruption from the pending demerger of Coles from Wesfarmers or changes to our Standard stewardship rating following the exit of current CEO David Charles in September 2018. While bond yields are low, we expect demand to remain strong for properties with high-quality tenants such as Coles, which we expect to have an investment-grade credit rating following its demer...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.
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.
We have operations in 27 countries.
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