Rural Funds Group Announces Consolidated and Parent Earnings Results for the Year Ended June 30, 2019
September 30, 2019 at 03:28 am EDT
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Rural Funds Group announced consolidated and parent earnings results for the year ended June 30, 2019. For the period, on consolidated basis, the company reported revenue of AUD 66,391,000 against AUD 51,087,000 a year ago. Net profit after income tax was AUD 33,355,000 against AUD 29,895,000 a year ago. Basic and diluted earnings per unit from continuing operations per stapled unit was 10.23 cents against 11.72 cents a year ago. Basic and diluted earnings per unit from continuing operations per unit of Rural Funds Trust was 9.93 cents against 11.44 cents a year ago. Basic and diluted earnings per unit from continuing operations per unit of RF Active was 0.30 cents against 0.28 cents a year ago.
For the year, the parent entity reported net profit after income tax of AUD 26,218,000 against AUD 29,853,000 a year ago.
Rural Funds Group is an Australia-based real estate investment trust (REIT). The Company owns a diversified portfolio of agricultural assets that are leased predominantly to corporate agricultural operators. It is primarily engaged in the development and leasing of agricultural properties and equipment. The Company leases almond orchards, macadamia orchards, vineyards, cattle properties, cropping properties, agricultural plants and equipment, cattle, and water rights. The Company holds three almond orchards approximately 4,068 planted hectares; six vineyards approximately 636 planted hectares; 13 macadamia orchards approximately 1,906 planted hectares; seven properties with areas to be developed into macadamia orchards with 2,520 hectares; 23 cattle properties made up of 18 breeding, backgrounding, and finishing properties and five cattle feedlots with a combined capacity of 150,000 head, and 15 cropping properties approximately 14,573 hectares.
RURAL FUNDS GROUP 
