Rural Funds Group Reports Consolidated Earnings Results for the Year Ended June 30, 2021
August 24, 2021 at 07:41 pm EDT
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Rural Funds Group reported consolidated earnings results for the year ended June 30, 2021. For the year, the company reported revenues from ordinary activities from continuing operations was AUD 67,166,000 compared to AUD 66,818,000 a year ago. Net profit before income tax from continuing operations was AUD 120,292,000 compared to AUD 49,096,000 a year ago. Net profit after income tax was AUD 119,634,000 compared to AUD 48,988,000 a year ago. Basic and diluted earnings per unit from continuing operations was 35.29 cents compared to 14.15 cents a year ago.
Rural Funds Group is an Australia-based real estate investment trust (REIT). The Company owns a diversified portfolio of agricultural assets that are leased predominantly to corporate agricultural operators. It is primarily engaged in the development and leasing of agricultural properties and equipment. The Company leases almond orchards, macadamia orchards, vineyards, cattle properties, cropping properties, agricultural plants and equipment, cattle, and water rights. The Company holds three almond orchards approximately 4,068 planted hectares; six vineyards approximately 636 planted hectares; 13 macadamia orchards approximately 1,906 planted hectares; seven properties with areas to be developed into macadamia orchards with 2,520 hectares; 23 cattle properties made up of 18 breeding, backgrounding, and finishing properties and five cattle feedlots with a combined capacity of 150,000 head, and 15 cropping properties approximately 14,573 hectares.
RURAL FUNDS GROUP 
