Hotel Property Investments (HPI.AX)

3.2800 +0.0300 (+0.92%) At close: 04:10PM AEST

Hotel Property Investments

Suite 2, Level 17, IBM Centre
60 City Road, Southbank
Melbourne, VIC 3006
Australia
61 3 9038 1774
https://www.hpitrust.com.au

Sector(s): Real Estate
Industry: REIT - Diversified
Full-time employees: 

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Blair Strik	Company Secretary & CFO	505.83k	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in AUD.

Description

HPI owns a Portfolio of freehold hotels and associated specialty tenancies located throughout Queensland and South Australia. The pubs are leased to the Queensland Venue Company (“QVC”), a joint venture between Coles group and Australian Venue Company, and to Australian Leisure & Hospitality ("ALH"), a joint venture 75% owned by the Woolworths group. HPI's objective is to maximise the long term income and capital returns from its investments for the benefit of its Securityholders. Approximately 93% of the income is earned from the pubs leased to QVC and ALH. The remaining rental income is derived from Speciality Tenants leasing the On-site Specialty Stores. Specialty Tenants include a mix of franchisors and franchisees including 7-Eleven, Nightowl, Nando's, Subway, Noodle Box, The Good Guys and Quest Apartments. The Responsible Entity of the Trust is Hotel Property Investments Limited.

Corporate governance

Hotel Property Investments’s ISS governance QualityScore as of 1 May 2024 is 3. The pillar scores are Audit: 8; Board: 2; Shareholder rights: 7; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.