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ALE Property Group (ASX:LEP) Credit Losses Provision


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What is ALE Property Group Credit Losses Provision?

Credit Losses Provision only applies to banks.


ALE Property Group (ASX:LEP) Business Description

Traded in Other Exchanges
N/A
Address
264 George Street, Level 28:02 Australia Square Tower, Sydney, NSW, AUS, 2000
ALE Property Group is an internally managed Australian real estate investment trust with a portfolio of 86 freehold pubs across Australia. It is a stapled entity comprising one trust and a company that acts as responsible entity. The portfolio is valued at more than AUD 1 billion: 48% in Victoria, 31% in Queensland, 14% in New South Wales, and small exposures to South Australia and Western Australia. All properties are leased to Australia's largest pub operator, Endeavour Group.