HPI Results In Line with Strong Distribution Growth Expected Fiscal 2017; AUD 3.40 FVE Unchanged
Narrow moat-rated Hotel Property Investments reported distributable income of AUD 26.7 million and total distributions of AUD 18.3 cents per security for fiscal 2016, in line with distribution guidance of AUD 18.2 cents per security. The result was slightly lower than our forecast of AUD 27.3 million primarily due to the one-off cost of AUD 0.4 million for internalising its management. The HPI Group has become the responsible entity for the Hotel Property Investment Trust as of 1 July 2016. Dist...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.