ALE Property Group (ASX:LEP): Presentation, CEO Sessions Sydney

Company Presentations

by Carolyn Herbert

ALE Property Group (ASX:LEP) holds 86 pub properties, most of them in Melbourne and Brisbane. They are all leased to a company called ALH which is the leading pub operator in Australia.

We have triple net leases where they pay most of the outgoings, the land tax, the insurance, the rates and the maintenance on the properties. We receive from ALH on the first day of each month for all 86 properties, one payment which is a fixed dollar rental payment, which increases annually by CPI.

The term of the leases was originally 25 years in 2003, it has got 12 years left to run, plus four 10-year options for ALH to extend to potentially another 52 years of income.  

Carolyn Herbert

Finance News Network
Carolyn joined FNN in August 2015 as the Head of News and also presented the Market at Midday and the Market Wrap. With more than five years of broadcast journalism experience, Carolyn has worked as a finance anchor on the Sky News Business channel and as an anchor and reporter for ABC News. She is also a qualified corporate lawyer specialising in IPOs, takeovers and mergers and acquisitions.