Rural Funds Group

Rural Funds Group

RFNDF
Rural Funds GroupUS flagOther OTC
1.50
USD
- -
- -
584.58MMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
Revenue per Share
0.2
0.17
0.16
0.2
0.2
0.2
0.16
0.16
0.16
0.2
0.25
0.29
- -
Basic EPS, GAAP
0.25
0.08
0.21
0.21
0.14
0.1
0.15
0.35
0.55
0.25
0.22
0.08
- -
Free Cash Flow per Basic Share
-0.01
-0.03
-0.28
-0.34
-0.11
-0.08
-0.03
-0.15
-0.41
-0.24
-0.18
-0.11
- -
Dividend per Share
0.07
0.08
0.08
0.09
0.1
0.1
0.11
0.11
0.11
0.12
0.12
0.12
- -
Book Value per Share
1.11
1.09
1.19
1.38
1.45
1.56
1.64
1.9
2.4
2.59
2.78
2.72
2.89
Tangible Book Value per Share
0.92
0.88
0.85
0.96
1.04
1.21
1.33
1.57
1.99
2.16
2.26
2.21
2.44
Basic Weighted Avg Shares
82
128
164
209
260
328
338
341
378
384
387
389
- -
Sales/Revenue/Turnover
16
22
26
41
52
66
56
54
62
76
95
114
121
Operating Margin (%)
112.14
78.23
169.41
70.04
77.81
70.12
59.82
57.68
39.46
28.14
29.96
42.91
43.2
Depreciation Expense
4
- -
1
2
1
6
6
5
7
12
16
16
16
Net Income, GAAP
20
10
35
43
36
33
49
120
209
94
83
31
101
Effective Tax Rate (%)
- -
- -
3.27
4.08
2.91
12.64
3.16
0.55
0.63
- -
1.37
3.86
- -
Profit Margin (%)
124.23
46.36
131.43
104.45
69.15
50.3
87.92
223.37
335.36
123.83
87.57
27.64
83.63
Working Capital
4
-2
-1
-4
-7
-10
55
7
3
-18
39
-14
250
LT Debt
94
91
146
164
270
291
297
344
455
607
752
764
829
Total Equity
137
152
208
358
379
526
558
649
917
993
1,071
1,049
1,127
Return on Invested Capital (%)
- -
- -
14.42
6.31
6.69
5.51
3.84
3.31
2.06
- -
1.61
2.52
- -
Return on Capital (%)
- -
- -
13.37
11.53
7.61
5.71
7.01
14.03
18.59
- -
6.09
3.42
- -
Return on Common Equity (%)
15.55
7.02
19.34
15.32
9.79
7.37
9.04
19.83
26.72
9.87
8.02
2.94
9.25

Capital Structure

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
20.21%
12.59%
7.47%
Free Cash Flow
54.61%
27.03%
27.21%
Net Income, GAAP
35.89%
33.5%
221.63%
Sales/Revenue/Turnover
17.91%
17.88%
6.29%
Total Cash Common Dividend
14.26%
4.02%
0.11%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
95
2025
- -
- -
- -
- -
114
2026
- -
- -
- -
- -
121

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.22
2025
- -
- -
- -
- -
0.08
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.12
2025
- -
- -
- -
- -
0.12
2026
- -
- -
- -
- -
- -

Company Description

CEO
David Anthony Bryant
Sector
Real Estate
Industry
REIT - Specialty
Address
2 King Street Deakin ACT Australia 2600
IPO Date
Feb 23, 2017
Business
Rural Funds Group is an Australian agricultural real estate investment trust (REIT) primarily engaged in owning, developing, and leasing a diversified portfolio of agricultural assets. Its core product offerings include agricultural land and infrastructure leased across five main sectors: almonds, cattle, vineyards, cropping, and macadamias. The company focuses on long-term leases predominantly to corporate and institutional entities involved in agriculture. Rural Funds Group implements productivity improvements, asset conversion to higher and better use, and lease indexation to drive income growth and capital appreciation. It operates extensively across major agricultural regions of Australia, including New South Wales, Queensland, South Australia, Victoria, and Western Australia. Founded in 2005 and headquartered in Deakin, Australian Capital Territory, Rural Funds Group is managed by Rural Funds Management (RFM), which has over 28 years of experience in acquiring, developing, and managing farmland and agricultural infrastructure. The group manages approximately $2.6 billion in agricultural assets on behalf of retail and institutional investors. Its portfolio strategy targets agricultural commodities where Australia holds comparative advantages, utilizing science-based and precision agricultural management practices to enhance asset value and rental income. Recent major changes include the completion of a strategic merger and listing that integrated formerly separate agricultural property funds such as the Chicken Income Fund, Riverbank Fund, and Australian Wine Fund into the Rural Funds Group structure, streamlining the investment vehicle. The company has executed acquisitions, including cattle feedlots and cropping land, such as a $13.4 million acquisition of Dyamberin Station, expanding its cattle assets. Rural Funds Group also pursues asset upgrades and conversions to enhance productivity and lease terms, including development of macadamia orchards and irrigation expansions for cotton and cattle properties. Distribution reinvestment plans were suspended as of late 2024 reflecting ongoing market conditions. Its lessee base predominantly consists of large corporate and institutional operators accounting for approximately 83% of forecast income for fiscal year 2026, highlighting its focus on stable, long-term tenants. Rural Funds Group continues to focus on portfolio diversification, agricultural productivity enhancements, and expansion through strategic acquisitions and partnerships, maintaining its position as Australia's first ASX-listed agricultural REIT and a leading agricultural asset manager in the region. This description reflects Rural Funds Group’s comprehensive product scope, geographic footprint, recent acquisitions, strategic mergers, and operational focus within the agricultural real estate investment sector.

Company News

  • Rural Funds Group (RFNDF) Q4 2026 Earnings Call Transcript

  • Rural Funds Group (RFNDF) Q2 2026 Earnings Call Transcript

  • Rural Funds Group (OTC:RFNDF) Short Interest Up 61.7% in October