Rural Funds Management Limited (RFM) have today released the Rural Funds Group (ASX: RFF) (the Group) Financial Statements for the half year ended 31 December 2020 (HY21). Key highlights compared to the prior corresponding period include:
Financial highlights
• Earnings (total comprehensive income) per unit increase of 94% to 17.3 cents.
• Adjusted net asset value (NAV) per unit increase of 4% to $2.01 per unit.
• Adjusted funds from operations (AFFO) per unit of 6.6 cents on track for full-year forecast.
• Distributions per unit (DPU) of 5.64 cents on track with full-year forecast.
• FY21 forecasts confirmed and announcement of FY22 forecast DPU of 11.73 cents (in line with 4% growth target).
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