Company
ALE Property Group
Headquarters: Sydney, NSW, Australia
Market Cap
A$2.25 Billion
AUD as of Dec. 1, 2021
US$1.63 Billion
ALE Property Group Categories
Australia Real Estate REIT—Hotel & MotelAustralia Real Estate Australia REIT—Hotel & Motel
Top Competitors by Market Capitalization
Industry: REIT—Hotel & Motel
Sector:
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| Prologis, Inc. | $120.60 B |
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Detailed Description
ALE Property Group (ASX:LEP) is the owner of Australia's largest portfolio of freehold pub properties. Established in November 2003, ALE owns a portfolio of around 86 pub properties across the five mainland states of Australia. All of the properties are leased to Australian Leisure and Hospitality Group Limited (ALH) for an average initial term of around a further 9 years. ALH is owned by a joint venture (ALH Group); 75% is controlled by Woolworths Limited, Australia's leading retailer and the remaining 25% by one of Australia's leading hoteliers, the Bruce Mathieson Group (BMG). ALH Group, through its ownership of MGW, BMG and Taverner is Australia's leading pub operator. Woolworths is Australia's leading liquor retailer. Its operations include Dan Murphys and BWS.
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Stocks & Indices
ALE Property Group has the following listings and related stock indices.
Stock: ASX: LEP wb_incandescent