Folkestone trusts to grow portfolios
Fund manager Folkestone’s two listed property trusts delivered strong earnings growth for securityholders over the past financial year. Both flagged further acquisitions.
Fund manager Folkestone’s two listed property trusts delivered strong earnings growth for securityholders over the past financial year. Both flagged further acquisitions.
The Folkestone Education Trust , which invests in the booming childcare sector, grew distributable income by 28.4 per cent to $24.4 million with a full-year distributions of 12¢ a unit. This was in line with guidance, and up 12 per cent on 2013.
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