Andrea Lemmon, Executive Manager - Funds Management of Rural Funds Management, responsible entity of Rural Funds Group (ASX:RFF) discusses FY2015 results and growth plans
Australia’s first diversified agricultural REIT has just reported a net profit before income tax of $9.4 million.
Rural Funds Group’s independent valuation of its assets is discussed across the three primary agricultural sectors: almond orchards, poultry infrastructure, vineyards, in addition to water entitlements to support those assets.
Ms Lemmon details Rural Funds Group’s adjusted NAV to provide true value information to shareholders.
Rural Funds Group’s distribution guidance is also outlined in addition to an update on RFF’s Tocabil almond development.
Ms Lemmon affirms management remains focused on growing the fund in order to achieve an increase in distribution to Rural Funds Group’s investors.