NewsBite

'Positive' rent reviews to boost future ALE payout

Updated

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

ALE Property Group, the country's biggest-listed owner of freehold pubs, expects a "positive result" from upcoming market rent reviews, after distributable profit for the 2018 financial year flatlined at $29 million.

Rents on 80 of its $1.1 billion portfolio of 86 pubs, all leased to Woolworths-backed operator ALH, could rise by as much as 10 per cent in FY19 under capped market rent reviews - delivering a boost to future payouts - having been indexed to inflation for the past 14 years.

Loading...
Larry Schlesinger writes on real estate, specialising in commercial and residential property. Larry is based in our Melbourne newsroom. Connect with Larry on Twitter. Email Larry at larry.schlesinger@afr.com

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Commercial

Fetching latest articles

Most Viewed In Property

    Original URL: https://www.afr.com/property/commercial/positive-rent-reviews-to-boost-future-ale-payout-20180808-h13oiz