Rural Funds Group Reports Earnings Results for the Full Year Ended June 30, 2022
August 30, 2022 at 07:50 pm EDT
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Rural Funds Group reported earnings results for the full year ended June 30, 2022. For the full year, the company reported sales was AUD 81.87 million compared to AUD 67.65 million a year ago. Net income was AUD 206.81 million compared to AUD 117.7 million a year ago.
Basic earnings per share from continuing operations was AUD 0.5468 compared to AUD 0.3472 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 
