ALE Property: Result 2014

ALE has produced another typically predictable and boring annual result. That's just how we like it.

ALE Property Group (ALE) has announced another predictable annual result with rental income increasing 2% to $54m. That's a bit below the current 3% rate of inflation, but rents will catch up and it was also partly due to a property being sold. Distributable profit fell 3% to $31m primarily due to one-off borrowing costs (see below), yet the final unfranked distribution increased from 8.00 cents to 8.25 cents per share (ex-date already passed) bringing the total annual distribution to 16.45 cents, up from 16.00 cents last year. The total distribution is expected to be 96% tax-deferred with the remainder CGT concessional, and the company has suspended the Distribution Reinvestment Plan.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles