- Distributions yielding over 10% and looks like it will continue to do so. - Recently done capital raising - Sold properties above book value! - Plenty of long term leasing (some over 20 years) - Reduced gearing from 71% to 53%, and is continuing to reduce - Very simple business model, always good to understand to company you are investing. They run pubs around Aus. - Even during the gfc, was reported to be the best reit.
Took a position today, that is all
LEP Price at posting:
$2.24 Sentiment: None Disclosure: Held
