Rural Funds Group (ASX:RFF) Half Year FY19 Results Presentation

Company Presentations

Rural Funds Group Limited (ASX:RFF) Managing Director David Bryant presents the company's half year FY19 results.

Highlights:

1. Financial results:

  - Property revenue 27% higher due to recent transactions, development capital expenditure and lease indexation.
  - TCI and EPU higher mainly due to additional property revenue and an independent revaluation of the Kerarbury almond orchard.
  - AFFO per unit is forecast to be higher in the second half of FY19 due to additional property revenue from acquisitions and lower expenses.
  - FY19 AFFO and DPU forecasts confirmed.
  - FY20 DPU forecast of 10.85 cents, consistent with 4% annual growth target.
  - Refer to pages 19 to 23 for further information.


2. Capital management

3. Strategy and portfolio update

4. Outlook and conclusion

5. Appendices

For more, watch Managing Director David Bryant present.