Folkestone Education Trust
Real Estate Agents - Melbourne, VIC
The Folkestone Education Trust is the largest Australian ASX listed real estate investment trust (A-REIT) that invests in early learning properties.
The Folkestone Education Trust (FET or Trust), is an ASX listed (ASX: FET) Real Estate Investment Trust (REIT) that is the largest Australian property trust investing in early learning properties within Australia and New Zealand. The Trust has total assets under management of $593 million and 402 early learning properties in its portfolio. (The portfolio incorporates the merger of the Folkestone Social Infrastructure Trust on 6 January 2015.)
In June 2014, the Trust changed its name from the Australian Education Trust (ASX: AEU) to Folkestone Education Trust (ASX: FET).
Strategy of the Trust
application of and adherence to a consistent investment discipline in assessing acquisitions and disposals, focusing on real estate and income attributes similar to the existing portfolio
apply appropriate debt levels to maximise returns without over-exposing the Trust to debt
apply hedging policies to minimise volatility in the cost of debt and increase the predictability of distributions
apply portfolio and risk management policies to maximise returns and operating efficiencies
Objectives of the Trust
FET’s main objective is to provide secure long term cash-flows with minimal risk and the potential for capital growth to its investors.
provide access to sector specific real estate investment that invests in early learning property
provide a stable, growing income stream supported by secure lease covenants
provide geographical diversification through asset selection
provide an attractive income yield with growing underlying property values
Trust Features & Benefits
Growing early learning market that is backed by strong government support
Minimal capex exposure, through predominantly triple net leases
Strong underlying land values
Pooled bank guarantees from tenants
Uncomplicated business and property platform