Valuation (100% basis)1 678.7                           
Cap rate2 6.2%  
Occupancy 100%  
Site Area3 (sqm) 562,950  

Portfolio Summary
  State Location
Excelsior Hotel VIC Thomastown
Manhattan Hotel  VIC Ringwood
Waltzing Matilda Hotel  VIC Springvale
 First & Last Hotel  VIC  Hadfield
 Moreland Hotel VIC  Brunswick
 St Albans Hotel  VIC  St Albans
 Cherry Hill Tavern VIC  Doncaster
 Glengala Hotel VIC    Sunshine
 Balaclava Hotel  VIC   St Kilda East
 Albion Charles Hotel VIC  Northcote
 Croxton Park Hotel  VIC  Thornbury
 Oakleigh Junction Hotel  VIC  Oakleigh
 Palace Hotel VIC   Camberwell 
 Monash Hotel VIC  Clayton
 Coolaroo Hotel  VIC  Coolaroo
 Preston Hotel VIC  Preston
 Harvey Road Tavern QLD  Gladstone
 Kawana Waters Hotel  QLD  Kawana Waters
 Villa Noosa Hotel  QLD   Noosaville
 Hinterland Hotel Motel QLD  Nerang
 Federal Hotel - QLD QLD  Toowoomba
 Glenmore Tavern QLD  North Rockhampton
 Buderim Tavern  QLD  Buderim
 Redbank Plains Tavern QLD  Redbank Plains
 Dog and Parrot Hotel  QLD  Robina
 Allenstown Hotel QLD   Rockhampton
 Parkwood Tavern QLD  Parkwood
 Royal Beenleigh Hotel  QLD  Beenleigh
 Capalaba Tavern QLD  Capalaba
 Highfields Tavern QLD  Highfields
 Russell Tavern QLD   Dalby
 Waterfront Hotel QLD   Diddilibah
 Commercial Hotel QLD   Nerang
 Greenwood Hotel WA    Greenwood
 Hyde Park Hotel WA   West Perth
 Belmont Tavern WA   Cloverdale
 Highway Hotel WA   Bunbury
 Lakers Tavern WA   Thornlie
 Dunsborough Hotel WA   Dunsborough
 Peel Alehouse WA   Halls Head
 Bull Creek Tavern WA   Bull Creek
 Herdsman Lake Tavern WA   Wembley
 Findon Hotel SA    Findon
 Slug N Lettuce British Pub SA   Parafield Gardens
 Norwood Hotel SA   Norwood
 Victoria Hotel SA   O’Halloran Hill
 Royal Oak SA   North Adelaide
 Federal Hotel - SA SA    Mt Gambier
 Westower Tavern NSW   West Ballina
 Greenhouse Tavern NSW    Coffs Harbour
 Boomerang Hotel NSW    Lavington
 Gateway Inn Hotel TAS   Devonport
 Carlyle Hotel TAS   Derwent Park
Riverside Hotel Motel TAS  Riverside


1 Independent Valuation as at 30 June 2016. 
2 Weighted by Independent Valuation (REIT ownership interest).
3 Site area and site coverage shown on a 100% basis.
4 Gross passing income based on ownership interest as a percentage of the total gross passing income of the REIT. Total may not equal 20% due to rounding.