Rural Funds Group Reports Consolidated Earnings Results for the Half Year Ended December 31, 2019
March 01, 2020 at 05:42 pm EST
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Rural Funds Group reported consolidated earnings results for the half year ended December 31, 2019. For the period, the company reported revenue of AUD 32,433,000 compared to AUD 25,326,000 a year ago. Basic and diluted earnings per unit attributable to the unitholders Per stapled unit was 8.69 cents compared to 6.64 cents a year ago. Total comprehensive income attributable to unitholders for the half year was AUD 29,731,000 compared to AUD 24,620,000 a year ago. Basic and diluted earnings per unit from continuing operations Per stapled unit was 8.04 cents compared to 5.83 cents 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 
