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...

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NZ Rural Land Co to benefit from high inflation

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