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Rural Funds Group (RFF)

Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

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Rural Funds Group (RFF)

You mentioned Rural Funds Group RFF in your response to a question in the last Weekend Report. Do you hold a view/opinion on RFF? RFF appeared bullish up to the end of 2021 but since then the share price has been in decline/flat.

Answer

Hi Ivor,

Rural Funds Group (RFF) is a real estate property trust that we’ve looked at on multiple occasions over the years, but never pressed the buy button. It owns Australian agricultural assets with diversified revenue from the likes of leasing almond orchards, macadamia orchards, poultry property and infrastructure, vineyards, cattle properties, cropping properties, agricultural plant and equipment, cattle and water rights. We like their business and consistent 5.8% yield but the stocks downtrend since early 2022 is a concern.

  • Hence we regard this $790mn fund as an accumulation into weakness under $2.
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Rural Funds Group (RFF)
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