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ALE Property Group (ASX:LEP) was established in November 2003 and is the owner of Australia’s largest portfolio of freehold pub properties with close to 90 properties across Australia’s five mainland states. All of the properties are leased to Australian Leisure and Hospitality Group Limited (ALH) for an average initial term of around a further 13 years. ALH is a joint venture between Woolworths Group Ltd (ASX: WOW), which owns 75%, and the Bruce Mathieson Group (BMG), which owns 25%.
The Charter Hall Group (ASX: CHC) share price is up 5% today after providing a bumper guidance update with earnings to jump 72% in FY22.
The S&P/ASX 200 (ASX:XJO) suffered its worst day since February, falling 2.1% on the back of ongoing weakness in the commodity sector.
ALE Property Group (ASX:LEP) has released its FY19 result to the market, sending the share price down over 1%.
