Morningstar | Improving Child Care Centre Occupancy Rates Mark a Turning Point for Child Care Stocks
Charter Hall Education Trust is an externally managed childcare REIT that owns 337 properties in Australia and 50 in New Zealand. Charter Hall Education Trust is a property owner and does not operate the underlying childcare businesses. The typical property is freestanding, located in established residential and commercial locations, near medium- to high-traffic areas and close to public transport. Charter Hall Education Trust also owns a 4.4% stake in Arena REIT, an ASX-listed childcare REIT. The childcare sector has a favourable long-term outlook, underpinned by positive demographic drivers and supportive government policy. The portfolio generates an attractive income stream, with high occupancy and long-term triple-net leases. Financial gearing is reasonable, at around 30%, with a long-term target gearing of 30%-40%.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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