February 2022
All the profit results for February 10, 2022
Results briefing | News and analysis on today’s profit results from AGL, AMP, ASX, CIMIC, Downer EDI, Mirvac, NAB, NBN, Northern Star and Vulcan Steel. Find updated reports and analysis here.
- Updated
- Andrew Hobbs
November 2021
Charter Hall bounces on earnings upgrade amid industrial boom
The hot market for warehouse and logistics assets in particular has been good for Charter Hall’s managed portfolio and there may be more uplift to come.
- Nick Lenaghan
September 2021
Charter Hall buys into reopening trade with $1.7b pubs deal
Busy fund manager Charter Hall, backed by industry fund Hostplus, has struck a $1.7 billion deal to buy out the country’s biggest listed pubs landlord, ALE Property Group.
- Nick Lenaghan
August 2021
Melbourne pub sale sets new yield benchmark
The Tudor Inn at 1281 Nepean Highway was the latest asset offered for sale by ASX-listed pub landlord ALE Property Group, which has now divested over $100 million of non-core properties.
- Larry Schlesinger
ALE ready to help Endeavour grow pubs empire
The country’s largest pub owner is exploring acquisition opportunities with its tenant, newly-listed hospitality giant Endeavour.
- Larry Schlesinger
May 2021
HPI closes in on $1b of pub real estate after Sunshine Coast deal
With the acquisition of the Surfair Beach Hotel from the Scanlon family, HPI owns about $900 million of assets.
- Larry Schlesinger
March 2021
ALE puts $21m pub offering on the market
ALE is selling four of its smaller pubs at auction at the end of March amid very strong appetite for long-leased investments from private investors.
- Larry Schlesinger
October 2020
ALE takes rent dispute to court
The dispute centres on a series of rent reviews conducted as required by independent valuers across 43 of the pub properties in the ALE portfolio in late 2018.
- Nick Lenaghan
August 2020
Pub owner ALE drinks toast to rising rents
Over the 12 months to the end of June, departing CEO Andrew Wilkinson said ALE had importantly collected 12 full rent cheques from ALH and would continue to do so.
- Larry Schlesinger
May 2020
Former Valad boss to lead pub owner ALE
Guy Farrands will lead ALE through one of its most challenging periods as the hospitality sector slowly emerges from its post-COVID-19 hibernation.
- Larry Schlesinger
February 2020
Pub trust to take advantage of 'materially' cheaper bonds
Cheaper bond pricing and a boost to rents from rent reviews will reduce the amount of ALE's distribution funded from cash reserves and debt.
- Larry Schlesinger
August 2019
Departing ALE boss drinks toast to revived pub sector
When Andrew Wilkinson started at ALE 16 years ago, the group's gearing was at 88 per cent. Now it's at 41.5 per cent.
- Larry Schlesinger
July 2019
Pubs landlord ALE raises the bar on rent
A round of capped rent reviews is lifting income for pubs landlord ALE. It may collect even larger rents after uncapped rent reviews in 2028.
- Nick Lenaghan
February 2019
ALE swings to rental growth as pub values flatline
The ALE Property Group swung from capital growth story to a rental income play in the second half of the year as it booked the first rental increases from an ongoing
- Larry Schlesinger
September 2018
Retail landlords under pressure: Moody's
Moody's has singled out retail property as the sector most under challenge in its post-results stocktake of property trusts.
- Updated
- Nick Lenaghan
Beer and skittles: Chinese investor buys Melbourne pub on sub-5pc yield
Clinton Baxter from Savills Australia, who negotiated the sale of The George Hotel said pubs selling on yields below 5 per cent were still "the exception to the rule".
- Updated
- Larry Schlesinger
ALE and Woolworths-backed ALH in dispute over pub rent increases
Australia's largest owner of freehold pubs, ALE Property Group, has locked horns with its tenant, Woolworths-backed operator ALH Group, over rental increases across nearly 40 of its properties
- Updated
- Larry Schlesinger
August 2018
'Positive' rent reviews to boost future ALE payout
The country's biggest listed owner of freehold pubs expects a "positive result" from upcoming market rent reviews, as distributable profit came in flat.
- Updated
- Larry Schlesinger
June 2018
Pub yields tighten below 5pc as ALE portfolio soars
Yields for freehold metropolitan pubs have tightened below 5 per cent, the latest valuations of ASX-listed pub landlord ALE Property Group show.
- Updated
- Larry Schlesinger
February 2018
Australia's biggest pub owner ALE borrows $40m to grow distributions
The chief executive of ALE Property Group, the country's biggest owner of freehold pubs, has defended the trust's policy of borrowing money to grow distributions in line with inflation.
- Updated
- Larry Schlesinger
