Rural Funds Group Reports Strong FY24 Growth

Rural Funds Group (AU:RFF) has released an update.

Rural Funds Group has reported a robust financial performance for FY24, with property revenue up 8.0% to $88.4m, primarily due to macadamia development rentals, and an adjusted net asset value increase of 7.2% to $3.14 per unit. The Group’s adjusted funds from operations rose by 2.8%, with earnings hitting $117.2m, and it has laid out a positive outlook with a projected 3.6% AFFO growth for FY25. With a diverse portfolio and developments on track, the Group continues to strengthen its position in the agricultural property sector.

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