Menu

ALE Group

Financial Performance

November 2003 Listing to June 2016 Highlights

ALE continues to outperform. ALE has provided stapled securityholders with an annual compound return of 23.0% 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 $13.70 of accumulated market value over this period.

Relative Value Performance

ALE : $1.00 invested in 2003. $13.70 of accumulated market value1

Growth in market capitalisation2 From $91 million (at 2003 IPO) to $891 million
Distributions and payments paid to Sept 2016 $2.81 (compared to $1.00 investment)
Accumulated market value3 $13.70
Total securityholder return4 23.0% p.a.
Key Statistics FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16
Distributable profit $29.4m $28.9m $33.6m $38.1m $31.2m $26.7m $31.7m $31.2m $29.1m $29.6m
Number of securities 91.1m 85.8m 87.7m 153.4m 158.0m 159.0m 194.2m 195.7m 195.7m 195.7m
Distribution per security 32.50¢ 33.60¢ 30.00¢ 24.00¢ 19.75¢ 16.00 16.00 16.45 16.85 20.00
Number of properties 103 105 100 87 87 87 87 86 86 86
Property values $791.2m $842.4m $804.8m $713.9m $758.3m $771.5m $786.0m $821.7m $900.5m $990.5m
Net gearing5 63.0% 66.7% 68.0% 52.1% 51.7% 51.9% 50.9% 51.7% 48.0% 44.9%
Net assets per security $3.26 $2.95 $2.80 $2.14 $2.22 $1.95 $1.90 $1.93 $2.27 $2.53
  1. Includes equity market price of $4.55 as at 30 June 2016 and reinvestment of distributions and 2009 renunciation payment
  2. Based on security price of $4.55
  3. Assumes that all distributions have been reinvested. Accumulated value includes the market value of $4.55 at 30 June 2016
  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.