ASX

REDCAPE FULL YEAR RESULTS BRING PERSPECTIVE TO PANDEMIC

Posted on August 19th, 2020 by Clyde Mooney
Redcape Hotel Group Management today announced full year FY20 results for Redcape Hotel Group (ASX:RDC), offering a solid perspective on the impact of COVID-19. RDC’s distributable earnings were on track for an increase of 22.1pc in the first eight months

CALLS FOR RENT REVIEWS AMID COMPROMISED TRADING

Posted on August 10th, 2020 by Clyde Mooney
Leading pub operators are calling on landlords for renegotiated conditions in the wake of COVID-19, prompted by the major losses in revenue across the board and second closure period for Melbourne. The call comes as news from research entity Morgan

REDCAPE SERVES STRONG HALF-YEAR RESULTS

Posted on February 21st, 2020 by Clyde Mooney
Redcape has released its results for the first half of the financial year, boding well for its growth prospects and for the broader industry. Redcape Hotel Group Management (RHGM), responsible entity for the Redcape Hotel Group (ASX:RDC) portfolio, reported a

MOELIS LANDS RECORD SALE AT BYRON

Posted on February 12th, 2020 by Clyde Mooney
Moelis Australia has announced finalisation of its record-breaking purchase of Byron Bay’s Beach Hotel, and its ongoing strategy for the gaming-free coastal icon. The Beach, aka the ‘Top Pub’, occupies a sprawling 4,585sqm site that counts 100 metres fronting Byron’s

AVC & COLES INK HPI LEASE EXTENSION

Posted on January 31st, 2020 by Clyde Mooney
Listed entity HPI has announced a deal renewing the bulk of its leases to Australian Venue Co (AVC) and the partnership with Coles, bringing “confidence” in the future to all parties and the pub sector. Hotel Property Investments (ASX: HPI)

REDCAPE’S $51m ‘SWAP’ WITH SLEIMAN

Posted on December 16th, 2019 by Clyde Mooney
Redcape ends a record-setting year in pub real estate with a bang, acquiring Hurstville’s Kings Head Tavern while divesting its Royal Hotel Granville for $51 million to the same party.  The ASX-listed Redcape Hotel Group (ASX: RDC) today announced a

REDCAPE: FIRST YEAR RESULTS & OPPORTUNITIES

Posted on August 30th, 2019 by Clyde Mooney
This week the listed Redcape Hotel Group (ASX: RDC) announced its full-year distributable earnings for FY19, with returns and opportunities mirroring upside in the broader hotel industry. RDC’s earnings were in line with its PDS guidance, largely driven by portfolio

FIRST RESULTS FOR ASX-LISTED REDCAPE

Posted on February 20th, 2019 by Clyde Mooney
Redcape has announced its first results since its listing in November, showing strong outcomes on the back of a string of acquisitions. Redcape Hotel Group Management Ltd – responsible entity for publicly listed Redcape Hotel Group (ASX:RDC) – announced results

2017 RESULTS PROPHETIC FOR A-GRADE A-REIT ALE

Posted on February 16th, 2018 by Clyde Mooney
The biggest landlord to Australia’s biggest publican reports strong half-yearly results, boding well for the industry and commercial interests. Listed A-REIT ALE (ASX: LEP) released end of 2017 results Wednesday, showing distributable profit down slightly (three per cent) but distributions

ALE TESTS MARKET WITH BERWICK

Posted on October 6th, 2017 by Clyde Mooney
In a market probing for opportunity, Australia’s biggest pub landlord is testing the waters with one of its prized ALH-leased properties, Paddington’s Berwick Hotel. The ASX-listed ALE (ASX: LEP) holds a portfolio of 86 properties across the five mainland States,