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Rural Funds Group (RFF) investor relations material

Rural Funds Group Investor Presentation summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Investor Presentation summary26 Oct, 2025

Business overview and strategy

  • Specialist agricultural asset manager with $2.6b in assets under management across six key commodities and 739,000+ hectares of Australian farmland.

  • 28 years of sector experience, 260+ staff, and an average management team tenure of over 12 years.

  • Strategy focuses on generating capital growth and income by developing and leasing diversified agricultural assets, with 63 properties across five sectors and multiple climatic zones.

  • 84% of the portfolio is leased, with a 13.9-year WALE and a mix of lease indexation mechanisms and market rent reviews.

  • Major lessees include Olam, JBS, Select Harvests, and Treasury Wine Estates, with c.80% of FY26f income from corporate and institutional lessees.

Portfolio and sector performance

  • Portfolio value stands at $1.96b, diversified across almonds, macadamias, cattle, cropping, vineyards, and water assets.

  • Almonds and macadamias each represent 21% of forecast FY26 revenue, with cattle at 36%, and the remainder from cropping, vineyards, and other assets.

  • Active management strategy develops assets for improved productivity and higher value use, generating income during development phases.

  • Investment criteria prioritize sectors with low-cost production and where Australia has a comparative advantage.

Case studies and development updates

  • Macadamia orchards converted from sugarcane farms show modelled yields 50% above industry average, supported by advanced irrigation and data capture technology.

  • Cattle property improvements increased carrying capacity by 58%, leveraging water and land development.

  • Cotton property productivity improvements led to a 300% increase in bales produced and a 92% increase in farmable hectares.

  • Recent cropping property transactions included a 50% sale and 10-year lease to a global investor, with profit-share mechanisms and capital released for debt reduction.

  • Macadamia orchard developments (TRG JV) are materially complete, with 3,000 ha leased on a 40-year term and 122% revenue growth forecast.

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Frequently asked questions

Rural Funds Group (RFF) is an Australian agricultural Real Estate Investment Trust (REIT). The company's portfolio is strategically diversified across asset types, climatic zones, and lessees to mitigate risks and optimize returns. The company aims for income growth by enhancing property productivity and transitioning assets to more profitable uses, underpinning its distribution growth strategy. RFF's strategic approach includes a focus on lessee selection, ensuring a significant portion of its income is derived from corporate entities, including those listed on domestic or international exchanges. The company is headquartered in Canberra, ACT, and its shares are listed on the ASX.

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