Redcape Hotel Group boss Dan Brady says he is "very optimistic" the pub owner and operator can restore value to its portfolio and deliver better distributions for shareholders after earnings fell 15 per cent during the 2020 financial year.

The group, which operates 32 venues – 21 of them in Sydney – was on track for 22 per cent distributable earnings growth before the pandemic forced the closure of all its portfolio between late March and early June.