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

Company Presentations

by Carolyn Herbert

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 

Carolyn Herbert

Finance News Network
Carolyn joined FNN in August 2015 as the Head of News and also presented the Market at Midday and the Market Wrap. With more than five years of broadcast journalism experience, Carolyn has worked as a finance anchor on the Sky News Business channel and as an anchor and reporter for ABC News. She is also a qualified corporate lawyer specialising in IPOs, takeovers and mergers and acquisitions.