)
New Zealand Rural Land Company (NZL) investor relations material
New Zealand Rural Land Company H1 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Acquired a high-yield, highly productive dairy farm, increasing annual rental income by nearly $300,000 and boosting portfolio growth; sold two pastoral properties above valuation.
AFFO per share grew 39.2% year-over-year to 2.70cps for HY25; FO per share grew nearly 40% year-over-year.
Declared an interim dividend of $0.0216 per share (2.16cps), representing 80% of half-year FO/AFFO.
Gearing reduced to 29.8% from 30.5% in HY24; interest rate hedging increased to 81%.
Rental income rose to $10.9 million for the six months ended 30 June 2025, up from $9.1 million year-over-year.
Financial highlights
Net profit after tax was $3.48–$3.5 million; earnings per share reached 2.42c for the half-year.
Total assets reached $445.2 million; net asset value is $230.5 million, or $1.5891 per share.
Gearing ratio reduced to 29.8%; weighted average interest cost is 5.6%, with 81% of debt hedged.
AFFO for HY25 was $3.9 million (2.70cps), up 39% year-over-year; FFO per share rose to 2.74c from 2.19c.
Dividend payout ratio set at 60–90% of FO/AFFO; interim dividend of 2.16cps for HY25.
Outlook and guidance
FY25 FO/AFFO forecasted between $7.5 million and $8.0 million, a 9.8% increase from FY24; AFFO per share guidance of 5.17–5.52c.
Dividend policy targets 60–90% of FO/AFFO; full-year dividend forecast at 4.28cps.
Minimum target AFFO of $9.4 million by FY29, implying 5% annual growth from FY26.
Management expects continued stable rental income from long-term leases and ongoing capital projects to support future lease uplifts.
Next New Zealand Rural Land Company earnings date
Next New Zealand Rural Land Company earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)