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ALE lays the groundwork for future rent surge Save Share Australiaâs biggest pub landlord, ALE Property Group has made a strong case for its tenant, Woolworths-backed Endeavour Drinks to pay significantly higher rents from 2028 onwards, after valuers said its $1.23 billion portfolio was 33 per cent under-rented. The disclosure came as ALE reported a 14.8 per cent rise in distributable interim profit to $17.9 million on higher rental income and lower borrowing costs and as it booked a $51.6 million valuation gain across its portfolio, where yields tightened 14 basis points to 4.94 per cent. Endeavour, the countryâs biggest pub operator following its merger with ALH last year, paid all the rent due to ALE over the six-month period despite weathering pub closures, higher operating costs and venue guest limits because of pandemic restrictions. ....