ALE Prop Grp Stapled Securities

ALE Property Group released its results for the year ended 30 June 2012—there were no surprises. Distributable profit of 16.71 cents per security resulted in total distributions of 16 cents per security (including the 8-cent final distribution which has already traded 'ex distribution' and will land in securityholders’ bank accounts on 5 Sep). This year’s distributions are expected to be 100% tax deferred. Our initial review (see ALE Property: Down in one of 2 May 12) made the case for decent distribution growth in the years ahead. Given that, some cluey members have queried why distributions have actually fallen...

ALE Property Group released its results for the year ended 30 June 2012—there were no surprises. Distributable profit of 16.71 cents per security resulted in total distributions of 16 cents per security (including the 8-cent final distribution which has already traded 'ex distribution' and will land in securityholders’ bank accounts on 5 Sep). This year’s distributions are expected to be 100% tax deferred.

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