jump on and enjoy the ride..

hi all..
mle....finally over the $1.00.
jump on and enjoy the ride..
well managed company.
see below details..100% owned subsidiary of the macquarie bank..

PRINCIPAL ACTIVITY
Macquarie Leisure Trust Group (MLE) is a sector specific property development
and investment group, with investments in leisure and entertainment assets in
Australia. The Group comprises of Macquarie Leisure Trust and Macquarie Leisure
Operations Limited, with units trading as stapled securities. The responsible
entity of the Trust is Macquarie Leisure Management Limited, a 100% owned
subsidiary of Macquarie Bank Limited.

PORTFOLIO SUMMARY: MLE's property portfolio consists of one theme park,
Dreamworld on the Gold Coast, and the d'Albora Marinas in New South Wales. As at
July 1, 2003 the Trust had total assets of $174.6 million with investments held
in the following key assets: Dreamworld Theme park $109.5m, Dreamworld excess
land $20.5m, d'Albora Marinas $40.9m and other assets $3.7m.

DREAMWORLD THEME PARK AND EXCESS LAND: Dreamworld is widely recognised as one of
Australia's premier theme parks and is located in Queensland's popular Gold
Coast, just south of the Coomera Railway Station, on a site of 83,364 hectares.
The total value as at 30 June 2003 was $109.5 million.

A large portion of the Dreamworld site is excess land that's not used for the
theme park. The Trust aims to get maximum value from the excess land by seeking
to get it rezoned from tourism to retail, leisure, entertainment and commercial,
in line with the Council plans. The excess land has been rezoned to allow for
town centre uses. The independent valuation of the excess land as at 30 June
2003 was $20.5 million.

D'ALBORA MARINAS: The d'Albora Marinas are located at Rushcutters Bay, The Spit,
Akuna Bay and Nelson Bay, all in New South Wales and are the largest marina
portfolio in NSW, offering premium boat accommodation in areas showing strong
demand for boat accommodation. The marina portfolio comprise of 689 berths and
165 rack and stack bays. The total value at 30 June 2003 was $40.9 million. In
Aug 2003, the Trust acquired the Westport Marina in Sydney Harbour for $7.5
million.

STRATEGY ANALYSIS & PROFIT REPORT
Macquarie Leisure Trust announced that continued strong performances from its
theme park and marina assets have resulted in a 12.5 per cent increase in net
earnings. EPS for the full year to 30 June 2003 was 8.01 cents/share as against
7.12 cents in the pcp and the Trust has declared a full year dividend of 7.50
cents, up 7.1% on the pcp of 7 cents per unit. NTA per unit was 81cents up on
69cents recorded for the pcp.

The strong performance was driven mainly by a strong growth in rental and
dividend income from the Trust’s Omni Leisure operations of Dreamworld and the
d’Alobora marinas. The Trust also benefited from a future use rights for its
excess land at Dreamworld with an independent valuation of $20.5 million being
adopted against a book value of $12.0 million.

Dreamworld saw a growth in attendance up 3.2% to 1,093,233 accompanied by a
growth in revenue to $59.07m up 4.2% on the pcp for the full year to 2003. The
Trust plans to grow per capita spend and drive profitability from Dreamworld by
investing in less capital-intensive attractions with a higher show content.
D'Albora marinas benefited from the growth in berthing and fuel revenues.

MLE's business strategy is focused on investing in new attractions and
entertainment programs to enhance the rental income from their Omni Leisure
operations, which comprise Dreamworld and the d’Albora marinas.