Wednesday, 06 September 2023 09:55

Landowner's $2.5m profit

Written by Staff Reporters

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New Zealand Rural Land Co made a net profit after tax of $2.5m last financial year.

New Zealand Rural Land Co (NZL), which leases out highly productive farms, made a net profit after tax of $2.5m last financial year.

NZL owns 14,487 hectares of productive rural land in New Zealand which it says is fully tenanted on long-term leases with regular CPI adjustment provisions.

NZL says it generates shareholder value through a combination of asset value appreciation and cash flows from its long-term leases.

NZL chair Rob Campbell says its strategy is to own quality rural land in New Zealand, and to grow and diversify its portfolio while delivering attractive risk-adjusted returns.

"NZL's leases incorporate regular, uncapped, CPI reviews.

"This means higher inflation results in higher than anticipated rental growth. NZL is insulated from inflation-impacted and all other operational on-farm costs by owning only the land," he says.

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