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Hotel Property Investments (ASX:HPI) Balance Sheet Cash And Cash Equivalents


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What is Hotel Property Investments Balance Sheet Cash And Cash Equivalents?

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Hotel Property Investments (ASX:HPI) Business Description

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GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Hotel Property Investments (ASX:HPI) » Definitions » Balance Sheet Cash And Cash Equivalents
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Address
60 City Road, Suite 2, Level 17, IBM Centre, Southbank, Melbourne, VIC, AUS, 3006
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 Co. 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.