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ALE Group

Financial Performance

November 2003 Listing to June 2020 Highlights

ALE continues to outperform. ALE has provided stapled securityholders with an annual compound return of 18.9% p.a. since listing in November 2003. This exceeds the returns provided to all other S&P/ASX 300 real estate investment trusts over the same period. $1.00 investment has turned into $17.67 of accumulated market value over this period.

Relative Value Performance

ALE : $1.00 invested in 2003. $17.67 of accumulated market value1

Growth in market capitalisation2 From $91 million (at 2003 IPO) to $972 million
Distributions and payments paid to Sept 2020 $3.445 (compared to $1.00 investment)
Accumulated market value3 $17.67
Total securityholder return4 18.9% p.a.
Key Statistics FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20
Distributable profit $26.7m $31.7m $31.2m $29.1m $29.6m $29.1m $29.0m $28.3m $30.4m
Number of securities 159.0m 194.2m 195.7m 195.7m 195.7m 195.7m 195.7m 195.7m 175.9m
Distribution per security 16.00 16.00 16.45 16.85 20.00 20.40 20.80 20.90¢ 20.90¢
Number of properties 87 87 86 86 86 86 86 86 86
Property values $771.5m $786.0m $821.7m $900.5m $990.5m $1,080.2m $1,136.3m $1,163.2m $1,174.2m
Net gearing5 51.9% 50.9% 51.7% 48.0% 44.9% 42.7% 41.6% 41.5% 41.3%
Net assets per security $1.95 $1.90 $1.93 $2.27 $2.53 $2.99 $3.17 $3.09 $2.99
  1. Includes equity market price of  $4.97 as at 30 June 2020 and reinvestment of distributions and 2009 renunciation payment
  2. Based on security price of  $4.97
  3. Assumes that all distributions have been reinvested. Accumulated value includes the market value of $4.97 at 30 June 2020
  4. Based on an IPO investor who receives above distributions, rights payment and current security price
  5. Net gearing equals (Finance Debt less cash) divided by (Total Assets less cash) Derivative assets, deferred tax assets and unamortised borrowing costs are excluded.