Lower Interest Rates Positive for Hotel Property but Key FVE Driver is 2021 Lease Renewals
The recent steep fall in interest rates, which supports property values through lower capitalisation rates and interest costs, prompts an increase in no-moat Hotel Property Investments’ fair value estimate to AUD 3.15 per security from AUD 3.05. Notwithstanding, the key near-term driver of Hotel Property’s fair value estimate will be the attitude of Australian Venue Company, or AVC, and Coles to investing in Hotel Property’s pubs and exercising lease options. Coles have now completed the recentl...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.