News and Announcements
AET Results for the Year Ended 30 June 2013
- Published August 20, 2013 3:20PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
ASX ANNOUNCEMENT
Folkestone Investment Management Limited (FIML) as the Responsible Entity of the Australian Education Trust (AET or the Trust) (ASX:AEU) provides the results of the Trust for the year ended 30 June 2013. AET is an ASX listed property trust investing in early learning property assets.
KEY HIGHLIGHTS SUMMARY
- Statutory profit of $39.7 million, up 71.1% from $23.2 million in the previous corresponding period (“pcp”).
- Distributable income of $19.0 million, an increase of 6.7% on pcp.
- FY13 distribution of 10.7 cpu, an increase of 7.0% on pcp.
- New debt facility with improved terms, lower debt cost and extended maturity to February 2016.
- Gearing at 34.1% as at 30 June 2013.
- Independent valuations of 138 properties achieving an average 8.2% increase in value.
- NTA per unit of $1.33, an increase of 9.9% on pcp.
- 99% occupancy across the portfolio.
- Market capitalisation increased by 36.3% to $244 million for the year to 30 June 2013.
- Total Unitholders’ return for the year to 30 June 2013 of 47%.
- Forecast FY14 distribution of 12.0 cpu.
Company Updates
Capital Is Flowing – Just Not to Everyone: Inside Australia’s $1.8 Billion Q1 2026
Australia’s startup ecosystem opened 2026 with a number that demanded attention. In the first three months of the year, $1.8 billion was raised across 81 venture deals and 26 accelerator rounds. That makes Q1 2026 the strongest start to a year since the 2022 boom, up 63% on Q1 2025, and more than double the […]
The control layer for the electrified home
THE MARKET SHIFT Australian households have been pulled into a real-time energy market they never knowingly signed up for. Flat electricity tariffs are disappearing. In their place: dynamic, time-of-use pricing that changes depending on when power is consumed. Electricity is now cheapest when solar floods the grid in the middle of the day — and […]
500 Million Episodes, Limited Treatment: How Patrys is Bridging the Gap in an Underserved Market
In the clinical vocabulary of the Intensive Care Unit, there is perhaps no word that carries as much quiet dread as delirium. It is a “chemical storm” of the brain—an acute dysfunction where the delicate balance between calming and activating signals is scrambled. For the patient, it can be a waking nightmare of hallucinations and […]
Backed By Leading Investment Groups and Family Offices
