Inactive Instrument

ALE PROPERTY TST

Equities

LEP

AU000000LEP0

ALE Property : Ord Minnett rates LEP as Lighten

April 25, 2021 at 08:31 pm EDT

Ord Minnett's included the sale of four of ALE Property Group's pubs in its financial model. The broker notes the pub sales will be the first in seven years by the group with more divestments likely to follow.

In Ord Minnett's view, ALE Property seems to be capitalising on strong transaction markets by divesting assets that are expected to have a weaker rental outlook.

Lighten rating is maintained with the target rising to $4.30 from $4.20.

Sector: Real Estate.

Target price is $4.30.Current Price is $4.72. Difference: ($0.42) - (brackets indicate current price is over target). If LEP meets the Ord Minnett target it will return approximately -10% (excluding dividends, fees and charges - negative figures indicate an expected loss).

Latest news about ALE PROPERTY TST

ALE Property Group(ASX:LEP) dropped from S&P/ASX All Ordinaries Index	21-12-09	CI
Host-Plus Pty. Limited and Charter Hall Long WALE REIT completed the acquisition of ALE Property Group from Caledonia Investments Pty Limited and others.	21-12-07	CI
ALE Property Group Announces Distribution for the Quarter Ended 30 September 2021, Payable on 15 November 2021	21-11-09	CI
ALE Property Group Announces Ordinary Dividend for the Quarter Ended September 30, 2021, Payable on November 15, 2021	21-09-19	CI
A consortium of Host-Plus Pty. Limited and Charter Hall Long WALE REIT entered into a scheme implementation deed to acquire ALE Property Group from Caledonia Investments Pty Limited and others for AUD 2.4 billion.	21-09-19	CI
ALE Property Group Provides Distribution Guidance for the Quarter Ended September 2021	21-09-05	CI
ALE Property Group to Pay Distributions on Quarterly Basis	21-08-30	CI
An unknown buyer acquired The Tudor Inn from ALE Property Group for AUD 15.7 million.	21-08-17	CI
Transcript : ALE Property Group, 2021 Earnings Call, Aug 04, 2021	21-08-04
Ale Property Group Reports Earnings Results for the Full Year Ended June 30, 2021	21-08-03	CI
ALE Property Group Announces Change of Registered Office Address	21-07-11	CI
Ale Property : Declares Dividend for January-June	21-06-23	MT
Ale Property Group Announces Dividend for the Six Months Ended June 30, 2021, Payable on September 6, 2021	21-06-18	CI
An unknown buyer acquired The Boundary Hotel from ALE Property Group for AUD 33 million.	21-06-02	CI
Greg Josephson acquired Noosa Reef Hotel from ALE Property Group for $13.9 million.	21-04-28	CI
ALE Property Group Announces Distribution Guidance for the Financial Year Ended 30 June, 2021, Payable on 6 September, 2021	21-04-22	CI
ALE Property Group Announces Distribution Policy and Distribution Reinvestment Plan Update	21-04-22	CI
Woolworths Group Limited acquired Pelican Waters Tavern from ALE Property Group for AUD 10.8 million.	21-03-31	CI
ALH Group Pty Limited acquired Four pubs in Melbourne from ALE Property Group.	21-03-31	CI
ALE Property Group Enters into Binding Agreements	21-03-17	CI
Transcript : ALE Property Group, H1 2021 Earnings Call, Feb 11, 2021	21-02-10
ALE Property Group Announces Interim Dividend for the Six Months Ended December 31, 2020, Payable on March 5, 2021	21-02-09	CI
Ale Property Group Reports Earnings Results for the Half Year Ended December 31, 2020	21-02-09	CI
ALE Property Group Promotes Michael Clarke as Chief Financial Officer	21-02-09	CI
ALE Property Group Announces Unfranked Ordinary Dividend for the Six Months Ending December 31, 2020, Payable on March 5, 2021	20-12-10	CI

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Company Profile

ALE Property Group is the owner of a portfolio of freehold pub properties. The Company's portfolio includes approximately 82 pub properties across over five mainland states of Australia. The Company's segment is ALE Strategic Business Unit. The Company's properties in New South Wales include Colyton Hotel, Colyton; New Brighton Hotel, Manly, and Pioneer Tavern, Penrith. Its properties in Queensland include Camp Hill Hotel, Camp Hill; Edge Hill Tavern, Manoora; Hamilton Hotel, Hamilton; Lawnton Tavern, Lawnton; Mount Pleasant Tavern, Mackay, and Palm Beach Hotel, Palm Beach. Its properties in South Australia include Eureka Tavern, Salisbury; Finsbury Hotel, Woodville North; Hendon Hotel, Royal Park, and Stockade Tavern, Salisbury. Its properties in Victoria include Blue Bell Hotel, Wendouree; Club Hotel, Ferntree Gully; Deer Park Hotel, Deer Park, and Doncaster Inn, Doncaster. Its properties in Western Australia include Queens Tavern, Highgate, and Sail & Anchor Hotel, Fremantle.

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