THE Folkestone Real Estate Management Limited managed Australian Social Infrastructure Fund (ASX: ASIF) and Australian Education Trust (ASX: AET) have delivered their 2013 first half year results.
ASIF posted a Distributable income of $2.4 million, an increase of 26.3% on the previous corresponding period and a statutory profit of $3.3 million compared to a profit of $2.2 million in the pcp.
Distributions paid was 8.5 cents per unit compared to 7.0 cents per unit in the pcp, an increase of 21.4%. The fund has confirmed a distribution forecast of 17 to 18 cents per unit for FY13.
The Australian Education Trust announced a distributable income of $8.7 million, in accordance with forecast. Statutory profit was $14.9 million, up 26% from $11.8 million in the pcp. Underlying distributable income increased by $0.6 million or 7% pcp to $9.2 million.
FY13 distribution forecast of approximately 10.6 cpu (up from previous guidance of 10.3 cpu).
Property Review
