Ale Property Increases Distributable Profit by Double Digit

  • Feb 05, 2020 AEDT
  • Team Kalkine

ALE Property Group (ASX: LEP) has increased distributable profit to $15.6 million, up 11.5% and has decided dividend per share of 10.45 cents for the half year to 31 December 2019. Other key highlights:

  • The company reported NPAT of $20.5 million indicating an increase in property values and derivative liabilities;
  • Average adopted property yield remained unchanged at 5.09% and passing net rents increased by 0.8%;
  • None of the company’s properties have been damaged by the recent bushfires.

At AEST 12:47PM, the stock was trading at $5.600 per share, no change from previous close.

 

All pictures are copyright to their respective owner(s).Kalkinemedia.com does not claim ownership of any of the pictures displayed on this website unless stated otherwise. Some of the images used on this website are taken from the web and are believed to be in public domain. We have used reasonable efforts to accredit the source (public domain/CC0 status) to where it was found and indicated it below the image.

 

There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.

Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.

As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK