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Rural Funds Group (RFNDF)
OTHER OTC:RFNDF
Earnings Data
Report Date
Aug 20, 2026TBA (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
―Last Year’s EPS
0.04Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mix of solid operational and capital-management progress — AFFO in line with guidance, net property income up 7%, completed developments, successful asset sales (some at premiums), and a modest NAV uptick. However, higher cash interest costs, pro forma gearing above the target range (39.1%), dependence on further asset sales and unitholder approvals, low yields on natural-resource assets, and the fact that much of the half’s earnings uplift was noncash mean material execution and macro risks remain. Overall the positives and negatives are balanced: the business is stable with clear remediation plans, but near-term constraints (leverage, interest costs, payout ratio) temper upside.Company Guidance
Net Property Income Growth
Net property income from leased assets increased by $3.0 million (up 7%) to $49.0 million, driven by additional rent from developed macadamia orchards and annual lease indexation.
AFFO and Distributions on Track
Adjusted funds from operations (AFFO) of $21.5 million or $0.55 per unit; management states AFFO and distributions are on track to achieve full-year guidance. Two distributions totaling $0.0587 per unit were paid in the half, in line with forecast.
Strong Reported Earnings (Including Noncash Items)
Reported earnings after noncash items were $44 million (A$0.113 per unit) versus $13 million in the prior period — an increase of ~239% — driven by positive mark-to-market on interest rate swaps and a gain on sale of water entitlements.
Asset Sales at or Above Book Value
Management sold ~ $60 million of assets during the period; recent asset transactions (~$65 million transacted in past 6 months) occurred at or above book value (two sugarcane farms sold ~10% above book; water transacted at adjusted book value).
Material Gain on Water Entitlements
Certain water entitlements were sold at approximately 2.5x their purchase price, producing a substantial gain and supporting reported earnings and cash generation.
Capital Management — Refinance and Hedging
Core syndicated facility underwent a scheduled refinance that extended tenor and improved bank margins (cited ~5–10 basis point reduction on recent tranches). Debt facility is ~60–70% hedged with hedges locked through FY'29, providing interest-rate risk mitigation.
NAV and Portfolio Metrics
Adjusted NAV per unit increased modestly by $0.02 to $3.10; 83% of assets are leased with a weighted average lease expiry (WALE) of 13.2 years, and development assets represent $342 million (17% of the portfolio).
Reduced Near-Term CapEx
Management forecasts significantly lower FY'27 CapEx compared with prior intensive development years and notes the fund is past peak development capex requirements.
Operational Progress on Developments
Stage 1 of the Kaiuroo development completed (pumping, water storage, irrigated cropping) with further stages planned; macadamia orchards and irrigated cotton harvests expected to materially increase second-half farming income.
Planned Large Asset Divestment Program
Management increased the target asset sales program from ~$200 million to ~$260 million over the next ~12 months to reduce gearing toward target range and free up capital.
RFNDF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
RFNDF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 19, 2026 | $1.43 | $1.41 | -1.05% |
Aug 21, 2025 | $1.22 | $1.23 | +0.82% |
Feb 20, 2025 | $1.03 | $1.01 | -1.94% |
Aug 22, 2024 | $1.27 | $1.27 | 0.00% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Rural Funds Group (RFNDF) report earnings?
Rural Funds Group (RFNDF) is schdueled to report earning on Aug 20, 2026, TBA (Confirmed).
What is Rural Funds Group (RFNDF) earnings time?
Rural Funds Group (RFNDF) earnings time is at Aug 20, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is RFNDF EPS forecast?
Currently, no data Available