Hotel Property Investments Reiterates Distribution Guidance for Fiscal 2018; FVE Unchanged
Hotel Property Investments announced an expected interim distribution of AUD 9.8 cents per security and reiterated its guidance for total distributions of AUD 19.6 cents in fiscal 2018. We maintain our estimated distribution at guidance, representing an expected yield of 5.8% at our unchanged fair value estimate of AUD 3.40. Securities are currently trading at a slight discount of 2% to our intrinsic assessment.Demand for freehold pubs remains strong. Hotel Property Investment’s peer, ALE Prope...
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.
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