Rural Funds Group Announces Estimated Ordinary Distribution for the Quarter Ended June 30, 2021, Payable on July 30, 2021
July 09, 2021 at 02:19 am EDT
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Rural Funds Group announced estimated ordinary distribution of AUD 0.02820300 per security for the quarter ended June 30, 2021, payable on July 30, 2021. record date is June 30, 2021 and ex-date is June 29, 2021.
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.