HPI still looks attractive

according to Huntleys' Your Money Weekly

- It currently trades at a 10% discount to our $2.90 fair value estimate, offering a yield of 6.8%
- HPI owns more than 40 pub properties, primarily in Queensland and South Australia.
- Most of the properties are leased to subsidiaries of Coles, making revenue highly secure at least until leases expire - majority in 2021
- Over 80% of the portfolio’s rents grow at the lower of 2 times consumer price index (CPI) or at 4% per annum.
- Under Coles’ leases, the tenant pays most property-related costs including rates, insurance, and maintenance. HPI must pay Queensland property tax, and is responsible for structural and certain other repairs. Overall, the company’s maintenance capital expenditure requirements are low.

any thoughts?