trending Market Intelligence /marketintelligence/en/news-insights/trending/6bFHbLXk5_Xp7w-MASeWUQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

ALE Property Group's fiscal FY'17 distribution up YOY

Commercial Real Estate: 2020 Review

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

ALE Property Group's fiscal FY'17 distribution up YOY

ALE Property Group declared a final distribution of 10.25 Australian cents per security for the six months to June 30.

This brings the fiscal full-year 2017 distribution to 20.40 cents, up 2.00% from the year-ago's 20.00 cents. The 20.40 cents payout, to be funded from current year distributable profits and capital, will be 100% tax deferred.

Meanwhile, annual distributable profit dropped year over year to A$29.1 million from A$29.6 million, as at June 30.

ALE plans to pay out the final distribution Sept. 5 to security holders on record as of June 29.

Moving ahead, the company forecasts an increase in fiscal full-year 2018 distributions that are 100% tax deferred, in line with consumer price index.

Following completion of the 2018 market rent reviews, ALE will consider moving gearing back to a medium term target range of 50% to 55%. An enhanced distribution profile or other capital management initiatives that assist in meeting its target will also be contemplated.

As of Aug. 7, US$1 was equivalent to A$1.26.