Rural Funds Group (ASX:RFF)

Rural Funds Group Income Statement

Financials in millions AUD. Fiscal year is July - June.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Rental Revenue	118.75	109.76	95	81.87	67.65	66.82
Other Revenue	3.2	2.74	3.49	3.48	3.45	4.4
Total Revenue	121.96	112.5	98.5	85.34	71.1	71.22
Revenue Growth (YoY	14.46%	14.22%	15.42%	20.03%	-0.16%	22.33%
Property Expenses	33.31	34.46	30.68	18.1	12.96	11.66
Depreciation & Amortization	16.58	15.76	12.42	7.17	4.87	7.08
Other Operating Expenses	14.86	16.22	12.93	8.38	5.85	4.94
Total Operating Expenses	64.75	66.45	56.03	33.65	23.68	23.68
Operating Income	57.21	46.06	42.47	51.69	47.43	47.54
Interest Expense	-25.57	-23.86	-8.35	40.67	2.43	-17.88
EBT Excluding Unusual Items	31.63	22.19	34.12	92.36	49.85	29.66
Impairment of Goodwill	-	-	-0.2	-	-	-
Gain (Loss) on Sale of Investments	0.15	0.15	0.16	0.67	0.12	0.51
Gain (Loss) on Sale of Assets	-0.04	0.44	0.8	0.32	32.87	4.03
Asset Writedown	17.79	58.77	60.13	117.12	37.46	14.9
Other Unusual Items	-	-	-0.84	-	-	-
Pretax Income	49.54	81.56	94.17	210.46	120.29	49.1
Income Tax Expense	0.76	1.12	-0.33	1.33	0.66	1.55
Earnings From Continuing Operations	48.78	80.44	94.5	209.14	119.63	47.54
Earnings From Discontinued Operations	-	-	-	-	-	1.45
Net Income to Company	48.78	80.44	94.5	209.14	119.63	48.99
Minority Interest in Earnings	-0.2	2.81	17.46	-2.32	-1.94	-4.36
Net Income	48.58	83.25	111.95	206.81	117.7	44.63
Net Income to Common	48.58	83.25	111.95	206.81	117.7	44.63
Net Income Growth	-52.30%	-25.64%	-45.87%	75.72%	163.73%	37.79%
Basic Shares Outstanding	388	387	384	378	339	336
Diluted Shares Outstanding	388	387	384	378	339	336
Shares Change (YoY)	0.81%	0.82%	1.46%	11.58%	0.87%	3.02%
EPS (Basic)	0.13	0.22	0.29	0.55	0.35	0.13
EPS (Diluted)	0.13	0.22	0.29	0.55	0.35	0.13
EPS Growth	-52.68%	-26.24%	-46.65%	57.48%	161.46%	33.74%
Dividend Per Share	0.117	0.117	0.117	0.117	0.113	0.108
Dividend Growth	-	-	-0.02%	4.00%	4.00%	4.00%
Operating Margin	46.91%	40.94%	43.12%	60.57%	66.70%	66.75%
Profit Margin	39.83%	74.00%	113.66%	242.34%	165.53%	62.67%
EBITDA	73.78	61.82	54.89	57.43	52.27	54.62
EBITDA Margin	60.50%	54.95%	55.73%	67.29%	73.51%	76.70%
D&A For Ebitda	16.58	15.76	12.42	5.74	4.84	7.08
EBIT	57.21	46.06	42.47	51.69	47.43	47.54
EBIT Margin	46.91%	40.94%	43.12%	60.57%	66.70%	66.75%
Funds From Operations (FFO)	66.51	96.88	105.79	217.31	87.42	47.31
Adjusted Funds From Operations (AFFO)	-	42.37	41.08	44.22	40.42	45.43
FFO Payout Ratio	68.38%	46.87%	42.39%	19.81%	43.12%	76.04%
Effective Tax Rate	1.53%	1.37%	-	0.63%	0.55%	3.16%

Updated Feb 20, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.