NZ Rural Land Co is ready for the next phase - analysts

Tue, 26 Oct 2021

New Zealand Rural Land Co is ready for its next phase of development and an initial FY22 dividend, according to Jarden analysts.The listed rural land investor wrapped up phase one with the acquisition of a further six dairy farms in the South Island for just over $60 million, according to analysts Arie Dekker and Vishal Bhula.The move brings its portfolio to $220 million asset value within a year of listing. Its first deal was in April when it bought 14 Van Leeuwen dairy farms out of receivership for $114 million and leased them back to th...

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