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.