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Hotel Property Investments HPI Stock Quote

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Morningstar‘s Stock Analysis HPI

Valuation
Currency in AUD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Recent Acquisitions To Drive Hotel Property Investments' Distributions Higher in Fiscal 2022

Adrian Atkins Senior Equity Analyst

Business Strategy and Outlook

| Adrian Atkins |

A key attraction of Hotel Property Investments is favourable lease terms that provide predictable above-inflation rental income from long-term leases to joint venture entity Queensland Venue Company, which is an agreement between supermarket giant Coles and private equity owned (Kohlberg Kravis Roberts) Australian Venue Company. AVC manages the day-to-day operations of the hotels, with Coles needing the hotel licences to operate its liquor retailing business under restrictive Queensland laws. There is ongoing uncertainty around Coles' longer-term strategy regarding its liquor business following competitor Woolworth’s decision to exit its liquor and hotel businesses.

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Key Statistics HPI

Company Profile HPI

Business Description

Hotel Property Investments is an Australian REIT with a portfolio of freehold pub properties primarily in Queensland. Its portfolio is almost exclusively leased to Queensland Venue Company on triple-net long-term leases where the tenant is responsible for outgoings (except land tax in Queensland), resulting in relatively low maintenance expenses. Most leases also provide for annual rental increases typically at the lower of 4% or two times the average of the last five years consumer price index.

Contact
60 City Road, Suite 2, Level 17, IBM Centre
Melbourne, VIC, 3006, Australia
T +61 390381774
Industry REIT - Diversified
Most Recent Earnings
Fiscal Year End Jun 30, 2022
Stock Type
Employees