NZ Rural Land Co to benefit from high inflation

Rising land values and rents will offset any interest rate costs. (Image: Getty)

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...

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