Rural Funds Group (ASX:RFF): HY17 Results Presentation

Company Presentations

Financial highlights:

- Earnings up 150 per cent to 8.55cpu
- Adjusted Funds From Operations up 48 per cent to 6.29cpu
- Distributions up 8 per cent to 4.82cpu
- Adjusted total assets up 36 per cent to $552.4 million
- Gearing up 3.4 per cent to 40.1 per cent

Portfolio highlights:

- $61 million equity raised via a fully underwritten entitlement offer
- $34.3 million of Murrumbidgee River Water Entitlement
- $26.5 million acquisition of cotton property
- Implemented syndicated debt facility comprising ANZ and Rabobank