Folkestone Education Trust’s Lease Structure and Development Strategy Minimise Vacancy Risk
Folkestone Education Trust is currently trading at an 11% discount to our fair value estimate of AUD 3.10, offering an estimated distribution yield of 6% in fiscal 2018. We ascribe a narrow moat to Folkestone due to high switching costs for child care operators to move premises. Also, the properties are rented to child care operators on long-term leases which generally require a five-year notice regarding the take-up of lease extension options. This provides the trust, as the landlord, high inco...Folkestone Education Trust is a property trust investing in early learning property assets. Co. is an early learning property owner which at June 30 2016 owned a total of 393 early learning properties, which including eight development sites in locations around Australia and New Zealand. Co. also owns a medical centre and a portfolio of property securities.
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