Rural Funds Group (RFF) - Net Assets

Latest as of December 2025: AU$1.07 Billion AUD ≈ $757.18 Million USD

Based on the latest financial reports, Rural Funds Group (RFF) has net assets worth AU$1.07 Billion AUD (≈ $757.18 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (AU$1.97 Billion ≈ $1.40 Billion USD) and total liabilities (AU$904.81 Million ≈ $640.21 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore Rural Funds Group total assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	AU$1.07 Billion
% of Total Assets	54.19%
Annual Growth Rate	24.64%
5-Year Change	61.73%
10-Year Change	404.6%
Growth Volatility	42.73

Rural Funds Group - Net Assets Trend (2010–2025)

This chart illustrates how Rural Funds Group's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see RFF market cap overview.

Annual Net Assets for Rural Funds Group (2010–2025)

The table below shows the annual net assets of Rural Funds Group from 2010 to 2025. Explore RFF cash flow metrics to assess how effectively this company generates cash.

Year	Net Assets	Change
2025-06-30	AU$1.05 Billion ≈ $742.15 Million	-2.09%
2024-06-30	AU$1.07 Billion ≈ $758.03 Million	+7.87%
2023-06-30	AU$993.16 Million ≈ $702.72 Million	+8.30%
2022-06-30	AU$917.01 Million ≈ $648.84 Million	+41.40%
2021-06-30	AU$648.54 Million ≈ $458.89 Million	+16.23%
2020-06-30	AU$557.97 Million ≈ $394.80 Million	+6.10%
2019-06-30	AU$525.87 Million ≈ $372.09 Million	+38.85%
2018-06-30	AU$378.74 Million ≈ $267.98 Million	+5.89%
2017-06-30	AU$357.68 Million ≈ $253.08 Million	+72.07%
2016-06-30	AU$207.86 Million ≈ $147.08 Million	+36.81%
2015-06-30	AU$151.94 Million ≈ $107.51 Million	+10.53%
2014-06-30	AU$137.47 Million ≈ $97.27 Million	+13.20%
2013-06-30	AU$121.44 Million ≈ $85.93 Million	+172.45%
2012-06-30	AU$44.57 Million ≈ $31.54 Million	+1.14%
2011-06-30	AU$44.07 Million ≈ $31.18 Million	+14.44%
2010-06-30	AU$38.51 Million ≈ $27.25 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Rural Funds Group's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 55089700000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (June 2025)

Component	Amount	Percentage
Retained Earnings	AU$550.90 Million	51.92%
Common Stock	AU$409.01 Million	38.55%
Other Comprehensive Income	AU$101.20 Million	9.54%
Total Equity	AU$1.06 Billion	100.00%

Rural Funds Group Competitors by Market Cap

The table below lists competitors of Rural Funds Group ranked by their market capitalization.

Company	Market Cap
Shandong Rike Chemical SHE:300214	$559.89 Million
Shandong Daye Co Ltd Class A SHG:603278	$560.11 Million
Bouvet OL:BOUV	$560.15 Million
Eson Precision Ind Co Ltd TW:5243	$560.16 Million
Tengda Construction Group Co Ltd SHG:600512	$559.74 Million
TianJin JinRong TianYu Precision Machinery Inc. SHE:300988	$559.44 Million
Bonree Data Technology Co Ltd SHG:688229	$559.27 Million
Hunan Haili Chemical Co Ltd SHG:600731	$559.25 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Rural Funds Group's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,078,212,000 to 1,061,104,000, a change of -17,108,000 (-1.6%).
Net income of 31,456,000 contributed positively to equity growth.
Dividend payments of 45,569,000 reduced retained earnings.
Share repurchases of 2,940,000 reduced equity.
New share issuances of 2,940,000 increased equity.
Other comprehensive income decreased equity by 5,778,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	AU$31.46 Million	+2.96%
Dividends Paid	AU$45.57 Million	-4.29%
Share Repurchases	AU$2.94 Million	-0.28%
Share Issuances	AU$2.94 Million	+0.28%
Other Comprehensive Income	AU$-5.78 Million	-0.54%
Other Changes	AU$2.78 Million	+0.26%
Total Change	AU$-	-1.59%

Book Value vs Market Value Analysis

This analysis compares Rural Funds Group's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.74x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has increased from 0.55x to 0.74x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2013-06-30	AU$3.72	AU$2.03	x
2014-06-30	AU$1.78	AU$2.03	x
2015-06-30	AU$1.24	AU$2.03	x
2016-06-30	AU$1.33	AU$2.03	x
2017-06-30	AU$1.73	AU$2.03	x
2018-06-30	AU$1.47	AU$2.03	x
2019-06-30	AU$1.55	AU$2.03	x
2020-06-30	AU$1.65	AU$2.03	x
2021-06-30	AU$1.90	AU$2.03	x
2022-06-30	AU$2.42	AU$2.03	x
2023-06-30	AU$2.59	AU$2.03	x
2024-06-30	AU$2.79	AU$2.03	x
2025-06-30	AU$2.72	AU$2.03	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Rural Funds Group utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 2.96%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 27.64%
• Asset Turnover: 0.06x
• Equity Multiplier: 1.80x
Recent ROE (2.96%) is below the historical average (9.75%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	7.12%	104.31%	0.03x	1.99x	AU$-3.50 Million
2014	14.64%	116.19%	0.07x	1.75x	AU$6.38 Million
2015	6.74%	45.30%	0.09x	1.68x	AU$-4.90 Million
2016	-0.23%	-1.81%	0.07x	1.84x	AU$-21.08 Million
2017	12.23%	100.88%	0.08x	1.53x	AU$7.89 Million
2018	9.62%	68.93%	0.08x	1.80x	AU$-1.43 Million
2019	6.42%	57.30%	0.07x	1.67x	AU$-18.57 Million
2020	8.78%	68.90%	0.08x	1.65x	AU$-6.81 Million
2021	18.45%	168.56%	0.07x	1.61x	AU$54.78 Million
2022	22.81%	245.20%	0.06x	1.53x	AU$117.43 Million
2023	9.51%	96.32%	0.06x	1.69x	AU$-4.82 Million
2024	7.72%	87.57%	0.05x	1.76x	AU$-24.57 Million
2025	2.96%	27.64%	0.06x	1.80x	AU$-74.65 Million

Industry Comparison

This section compares Rural Funds Group's net assets metrics with peer companies in the REIT - Specialty industry.

Industry Context

Industry: REIT - Specialty
Average net assets among peers: $1,073,257,000
Average return on equity (ROE) among peers: 11.53%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Rural Funds Group (RFF)	AU$1.07 Billion	7.12%	0.85x	$559.78 Million
Arena REIT (ARF)	$878.92 Million	18.81%	0.31x	$968.87 Million
Charter Hall Social Infrastructure REIT (CQE)	$212.55 Million	10.92%	0.68x	$685.34 Million
Waypoint REIT (WPR)	$2.13 Billion	4.84%	0.47x	$1.15 Billion

About Rural Funds Group

AU:RFF Australia REIT - Specialty

Market Cap

$559.78 Million

AU$791.14 Million AUD

Market Cap Rank

#11950 Global

#301 in Australia

Share Price

AU$2.03

Change (1 day)

+0.00%

52-Week Range

AU$1.74 - AU$2.14

All Time High

AU$2.93