RURAL FUNDS GROUP (RFF)
Share Price Analysis and Chart

Broker commentary and detailed analysis is available for Full Members Only.
Login above or Get a Free Trial

10/06/2026

1

Buy

$2.50

13.64%

Abares' recent report shows a rise in livestock property values of 9% y/y and 15% y/y in cropping values, with a -1% decline y/y in orchard land values.

Bell Potter also notes Bendigo Bank's agricultural land values report showed 3% y/y growth across Australia, with Queensland up 6% y/y and NSW up 4% y/y.

The analyst also notes Rural Funds shareholders approved both tranches of the increase in the guarantee from major shareholder J&F Investments, being a $28m increase in tranche 1 and a further $40m in tranche 2, subject to the sale of $80m in assets.

A Buy rating is retained. Bell Potter highlights the expanded guarantee offsets the impact of higher interest rates. The target remains $2.50.

FORECAST
Bell Potter forecasts a full year FY26 dividend of 11.70 cents.
Bell Potter forecasts a full year FY27 dividend of 11.70 cents.

04/08/2026

1

Buy

$2.59

17.73%

Canaccord Genuity maintains a Buy rating for Rural Funds with its target price increased to $2.59 from $2.46 following an agreement to sell five assets for $256m at a 23% premium to book value.

Net sale proceeds applied toward core debt reduction lower pro forma gearing to 31.6% from 39.1%, bringing balance sheet leverage back within the 30% to 35% target range.

Settlements occurring predominantly in 1H27 support reaffirmed FY26 adjusted funds from operations guidance of 11.7c per unit while delivering ongoing net earnings accretion.

Lower property income from divested assets reduces forecast cash revenue and EBIT by -5%-8% across FY27 and FY28, though lower management fees lift forecast adjusted funds from operations by 2% in FY27 and 5% in FY28.

The analyst views the transaction as a key catalyst towards resuming distribution growth from FY28 and underpinning long-term unit valuation re-ratings.