Folkestone Education Trust (ASX:FET): ASX Spotlight Series, Hong Kong

Folkestone Education Trust (ASX:FET) CEO, Nick Anagnostou talks company strategy and outlook at the ASX Spotlight Series in Hong Kong


Folkestone Education Trust (ASX:FET) is an ASX 300 Australian listed property trust. We have about 400 properties around Australia and we specialise as a landlord in the childcare sector or early learning sector. We’re about $720 million worth of assets, with a market capitalisation of about $660 million.

We’re solely a childcare landlord. So we develop and/or lease our spaces to childcare centre operators and for that, we obviously receive a rental and then that rental obviously distributed back to unit holders.

We have 400 centres, there’re 6,700 childcare centres in the long day format in Australia, so there’s significant room for growth.

It’s population growth that’s driving childcare and so is development, and it’s development of new childcare centres. And we’re doing that across Melbourne and Sydney and Perth. We expect to see 500,000 more children under the age of five in the next 15 years.

FET is the number 1 property trust over a 10-year period. Putting that into a 12-month period, we’ve had about 5.5 per cent increase in distributions, almost a 10 per cent increase in NTA and a 13 per cent increase in profits.


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