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	Jun 30, 2024	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Rental Revenue	109.76	109.76	95	81.87	67.65	66.82
Other Revenue	2.74	2.74	3.49	3.48	3.45	4.4
Total Revenue	112.5	112.5	98.5	85.34	71.1	71.22
Revenue Growth (YoY	14.22%	14.22%	15.42%	20.03%	-0.16%	22.33%
Property Expenses	34.46	34.46	30.68	18.1	12.96	11.66
Depreciation & Amortization	15.76	15.76	12.42	7.17	4.87	7.08
Other Operating Expenses	16.22	16.22	12.93	8.38	5.85	4.94
Total Operating Expenses	66.45	66.45	56.03	33.65	23.68	23.68
Operating Income	46.06	46.06	42.47	51.69	47.43	47.54
Interest Expense	-23.86	-23.86	-8.35	40.67	2.43	-17.88
EBT Excluding Unusual Items	22.19	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	0.44	0.44	0.8	0.32	32.87	4.03
Asset Writedown	58.77	58.77	60.13	117.12	37.46	14.9
Other Unusual Items	-	-	-0.84	-	-	-
Pretax Income	81.56	81.56	94.17	210.46	120.29	49.1
Income Tax Expense	1.12	1.12	-0.33	1.33	0.66	1.55
Earnings From Continuing Operations	80.44	80.44	94.5	209.14	119.63	47.54
Earnings From Discontinued Operations	-	-	-	-	-	1.45
Net Income to Company	80.44	80.44	94.5	209.14	119.63	48.99
Minority Interest in Earnings	2.81	2.81	17.46	-2.32	-1.94	-4.36
Net Income	83.25	83.25	111.95	206.81	117.7	44.63
Net Income to Common	83.25	83.25	111.95	206.81	117.7	44.63
Net Income Growth	-25.64%	-25.64%	-45.87%	75.72%	163.73%	37.79%
Basic Shares Outstanding	387	387	384	378	339	336
Diluted Shares Outstanding	387	387	384	378	339	336
Shares Change (YoY)	0.82%	0.82%	1.46%	11.58%	0.87%	3.02%
EPS (Basic)	0.22	0.22	0.29	0.55	0.35	0.13
EPS (Diluted)	0.22	0.22	0.29	0.55	0.35	0.13
EPS Growth	-26.24%	-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%	0%	-0.02%	4.00%	4.00%	4.00%
Operating Margin	40.94%	40.94%	43.12%	60.57%	66.70%	66.75%
Profit Margin	74.00%	74.00%	113.66%	242.34%	165.53%	62.67%
Free Cash Flow Margin	28.07%	28.07%	29.66%	44.36%	49.80%	60.85%
EBITDA	61.82	61.82	54.89	57.43	52.27	54.62
EBITDA Margin	54.95%	54.95%	55.73%	67.29%	73.51%	76.69%
D&A For Ebitda	15.76	15.76	12.42	5.74	4.84	7.08
EBIT	46.06	46.06	42.47	51.69	47.43	47.54
EBIT Margin	40.94%	40.94%	43.12%	60.57%	66.70%	66.75%
Funds From Operations (FFO)	96.88	96.88	105.79	217.31	87.42	47.31
Adjusted Funds From Operations (AFFO)	42.37	42.37	41.08	44.22	40.42	45.43
FFO Payout Ratio	46.87%	46.87%	42.39%	19.81%	43.12%	76.04%
Effective Tax Rate	1.37%	1.37%	-	0.63%	0.55%	3.16%

Source: S&P Capital IQ. Real Estate template. Financial Sources.