Primary Sector

NZ Rural Land Co to benefit from high inflation

Rebecca Howard
Thu, 02 Jun 2022

NZ Rural Land Co to benefit from high inflation
Rising land values and rents will offset any interest rate costs. (Image: Getty)
Rebecca Howard
Thu, 02 Jun 2022
New Zealand Rural Land Company lowered its adjusted funds from operations guidance on higher interest costs but said the current high inflationary environment will have a net positive impact on its performance. The company has total debt of $88.5 million of which approximately $24m is subject to hedging arrangements.“Interest costs on the unhedged portion of NZL’s debt represent a significant portion of NZL’s non-fixed cost base and are a key unknown when producing forecasts,” it said.NZL revised its interest expens...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Energy
More work on Onslow gets green light from ministers
Ian Llewellyn | Thu, 07 Jul 2022

Cabinet gives green light to more Onslow pumped hydro project, narrows down alternative options on solving the dry year problem.

Finance
Homebuyers: the bank is still watching your spending
Frances Cook | Thu, 07 Jul 2022

The sillier parts of the CCCFA are gone, but banks still need to make sure you can afford a loan, so they’re going to go through your income and expenses. 

Law & Regulation
Lego, Zuru to head to trial over use of trademark
Ben Moore | Thu, 07 Jul 2022

The two toy titans have clashed over Zuru’s use of the Lego trademark on statements of compatibility on its packaging.

Sponsored
How can Kiwi small business owners manage rising inflation?

Xero MD Craig Hudson says small businesses have been hit with a triple whammy.

Sponsored
Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges