Rural Funds Group

  • IPO date:
  • Sector: Real Estate
  • GIC Group: Equity Real Estate Investment Trusts (REITs)
  • Industry: REIT-Specialty
  • Company website

Company description

Rural Funds Group is an agricultural Real Estate Investment Trust (REIT) listed on the ASX under the code RFF. RFF owns a diversified portfolio of Australian agricultural assets which are leased predominantly to corporate agricultural operators. RFF targets distribution growth of 4% per annum by owning and improving farms that are leased to good counterparties. RFF is a stapled security, incorporating Rural Funds Trust (ARSN 112 951 578) and RF Active (ARSN 168 740 805).

Financial highlights

Market Capitalization$695.0493 million
P/E Ratio7.51
P/E Growth Ratio0
Book Value2.592
Dividend Per Share0.117
Earnings Per Share0.25
EBITDA54,889
Profit Margin1.1366
Operating Margin TTM0.4312
Return on Assets TTM0.0173
Return on Equity TTM0.0989
Revenue TTM98,497

Income statement highlights

All numbers are in thousands

Date Total Revenue Cost of Revenue Gross Profit Total Operating Expenses
2010-06-30 5,680
2011-06-30 14,753
2012-06-30 11,325
2013-06-30 20,208
2014-06-30 16,200 -11,087 27,287 9,121
2015-06-30 21,901 661 21,240 4,107
2016-06-30 26,469 -23,330 49,799 4,958
2017-06-30 41,479 8,364 33,115 4,062
2018-06-30 52,109 7,646 44,463 3,918
2019-06-30 66,308 10,091 56,217 9,722
2020-06-30 66,703 11,659 55,044 10,727
2021-06-30 67,524 12,187 55,337 10,481
2022-06-30 81,816 17,064 64,752 20,722
2023-06-30 94,615 21,784 72,831 33,051

Balance sheet highlights

All numbers are in thousands

Date Cash Total Assets Total Liabilities Short Term Debt Long Term Debt Common Stock
2010-06-30 2,495 78,176 39,668 29,910 32,155
2011-06-30 2,537 89,167 45,098 35,046 33,803
2012-06-30 5,041 94,550 49,977 37,844 38,005
2013-06-30 1,305 241,966 120,526 33,692 121,440
2014-06-30 2,723 241,233 103,762 676 94,300 108,281
2015-06-30 712 252,663 100,723 657 89,650 113,034
2016-06-30 3,034 379,039 171,175 3,030 146,500 135,793
2017-06-30 3,838 543,003 185,325 3,204 164,500 255,946
2018-06-30 1,210 673,808 295,073 3,361 269,800 233,665
2019-06-30 2,588 869,087 343,215 3,832 291,445 362,854
2020-06-30 5,085 914,920 356,954 3,814 297,248 360,574
2021-06-30 11,647 1,041,904 393,360 2,456 344,143 385,140
2022-06-30 4,961 1,403,829 486,818 2,723 455,100 471,797
2023-06-30 5,753 1,671,009 677,850 33,150 607,463 459,078

Cash flow highlights

All numbers are in thousands

Date Net Income Total Cash Change in Cash Begin period cash End period cash Dividends
2014-06-30 20,126 3,941 2,541 182 2,723 5,863
2015-06-30 10,153 9,222 -2,011 2,723 712 10,284
2016-06-30 34,788 14,231 2,322 712 3,034 13,045
2017-06-30 43,326 26,914 804 3,034 3,838 18,654
2018-06-30 36,032 30,972 -2,628 3,838 1,210 25,323
2019-06-30 33,355 43,734 1,378 1,210 2,588 32,461
2020-06-30 48,988 43,335 2,497 2,588 5,085 -35,973
2021-06-30 119,634 35,408 6,562 5,085 11,647 -37,698
2022-06-30 209,136 216,303 -6,686 11,647 4,961 -43,044
2023-06-30 94,498 792 4,961 5,753 -44,849