Morningstar | Folkestone Education offers relatively low-risk exposure to long-term growth in the Australian childcare sector.
Folkestone Education Trust is an externally managed childcare REIT that owns 337 properties in Australia and 50 in New Zealand. Folkestone 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. Folkestone 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%.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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