Rural Funds Management Limited (RFM), as responsible entity of the Rural Funds Group (ASX:RFF), have today released Financial Statements for the half year ended 31 December 2019 (HY20).
Highlights of the HY20 results (compared to the prior corresponding period) include:
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Property revenue increase of 22% to $37.6m.
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Adjusted funds from operations (AFFO) per unit increase of 11% to 7.1 cents.
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Total Comprehensive Income earnings per unit increase of 16% to 8.9 cents.
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Increase of forecast FY20 AFFO to 13.5 cpu.
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FY21 DPU forecast of 11.28 cents, in-line with 4% growth target.
To view the HY20 financial results summary, download the attached PDF.
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