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← CockpitCompetitor Analysis › RFF.AX Rural Funds GroupOpen in the cockpit ↗

Rural Funds GroupRFF.AXCompetitor analysis, valuation and peers

Australia · AUD·Real Estate›Real Estate Investment Trusts
Momentum neutral 44
Mkt cap
$532M
US dollars, full cap
Free float
94%
of shares outstanding
$/day
$669,233
20-day average traded
P/B
0.68×
price to book
ROE
10.6%
delivered
Implied ROE
8.4%
what the price asks
Next earnings
111 days
25 Feb 2027
Close · AUDA$1.97
1D+0.5%
1W+0.5%
1M+3.4%
3M-10.4%
6M-1.0%
YTD0.0%
1Y+2.6%
ATR %1.9%
52w lowhigh13.4% off high

What Rural Funds does

No business profile yet.

Rural Funds at a glance

Size Rural Funds (RFF.AX) is an Australia Real Estate company (Real Estate Investment Trusts) with a market value of $532M, the 257th largest of 316 Australia companies the cockpit tracks. Shares closed at A$1.97 on 6 Nov 2026.

Performance Over six months the shares fell 1.0%, against -7.4% for the median peer and +4.1% for the Australia market (cap-weighted) — 8th highest of 21 in its peer set.

Growth Revenue grew 6.5% over the last twelve months (peer median +7.1%); the operating margin is 44.0% (peer median 44.1%).

Valuation It trades at 0.68× book value against a peer median of 0.84× (6th cheapest of 21).

Price implies The share price implies a return on equity of about 8.4%; Rural Funds delivers 10.6%, so the price asks less than the business earns today.

Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).

Relative performance

9010011011 May 202611 Aug 20266 Nov 2026RFF.AX 99Peer median 92
Six months, rebased to 100: Rural Funds against the median of its 20 peers (local-currency closes).

Rural Funds financials

Reported figures in AUD; fiscal year ends 2026-06-30. TTM = trailing twelve months.
TTMFY2026FY2025FY2024FY2023
RevenueA$140MA$140MA$132MA$111MA$98.1M
Revenue growth—+7%+18%+14%—
Gross profitA$96.2MA$96.2MA$91.9MA$71.6MA$69.5M
EBITDAA$78.4MA$78.4MA$74.8MA$53.9MA$54.2M
Net incomeA$115MA$115MA$26.1MA$80.4MA$94.5M
Free cash flowA$15.7MA$15.7MA$34.1MA$10.1MA$2.95M
Capital expenditureA$28.1MA$28.1MA$27.0MA$54.9MA$37.4M
Total debtn/aA$862MA$811MA$788MA$641M

Quarterly statements and history in the cockpit →

Rural Funds competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%-20%0%8977ABGDXIAP-UN180203UHTCREISREIADAMBDN365550TRTXMRG-UNMHC-UNFVRAPR-UN293940GOODYATO180305RFF.AX6-month return →1-month return →
Up and to the right = strong over both horizons. Rural Funds is the large dot.

Fundamentals: return on equity against price-to-book

-20%-10%0%10%10×20×30×8977ABGDXIAP-UN180203UHTCREISREIADAMBDN365550TRTXMRG-UNMHC-UNFVRAPR-UN293940GOODYATORFF.AXReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. Rural Funds is the large dot.

Capital: ROE delivered against the ROE the price implies

-40%-20%0%20%-40%-20%0%20%8977ABGDXIAP-UN180203UHTBDNMHC-UNGOODRFF.AXROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. Rural Funds is the large dot.

Rural Funds competitors and peer comparison

How Rural Funds compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Rural Funds against its 20 peers (data as of 6 Nov 2026)
MeasureRFF.AXPeer medianRank in peer set
1-month return+3.4%+3.4%11th highest of 21
6-month return-1.0%-7.4%8th highest of 21
Return on equity10.6%4.4%5th highest of 21
Price / book0.68×0.84×6th cheapest of 21
Trailing P/E6.7×17.3×2nd cheapest of 16
ROE the price implies8.4%7.0%7th most demanding of 21
ROE delivered10.6%4.1%3rd highest of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
Rural Funds RFF.AXAustralia$532M-1%+7%11%0.68×8.4%10.6%
Hankyu Hanshin REIT 8977.TJapan$533M-19%-38%5%0.97×4.3%5.3%
Abacus ABG.AXAustralia$539M-13%-5%-5%0.55×7.0%-5.0%
Dexus Industria REIT DXI.AXAustralia$525M+3%-12%7%0.71×9.3%6.9%
Allied Properties Real Estate Investment Trust AP-UN.TOCanada$539M-61%-5%-43%0.21×4.3%-43.5%
China Merchants CMET Closed Infrastructure Real Estate Investment Trust Registered Unit 180203.SZChina$541M0%+451%2%1.21×3.8%2.4%
Universal Health Realty Income Trust UHTUnited States$544M-4%0%14%3.90×26.8%13.5%
Custodian Property Income REIT CREI.LUnited Kingdom$545M+1%+9%11%0.83×8.0%10.6%
Schroder Real Estate Investment Trust SREI.LUnited Kingdom$548M-6%+7%5%0.71×7.8%4.7%
Adamas Trust ADAMUnited States$514M-36%+35%0%0.70×9.0%-0.1%
Brandywine Realty Trust BDNUnited States$551M+4%+4%-19%0.85×10.1%-18.8%
ESR Kendall Square REIT 365550.KSSouth Korea$513M-37%+11%1%0.63×4.6%0.6%
TPG RE Finance Trust TRTXUnited States$512M-21%+6%4%0.50×7.7%4.1%
Morguard North American Residential Real Estate Investment Trust MRG-UN.TOCanada$557M-12%-1%6%0.37×4.9%5.5%
Flagship Communities Real Estate Investment Trust MHC-UN.TOCanada$557M+17%+16%14%0.78×4.7%14.4%
FrontView REIT FVRUnited States$566M+5%+9%0%1.03×10.5%0.4%
Automotive Properties Real Estate Investment Trust APR-UN.TOCanada$499M+11%+18%9%0.96×5.1%9.1%
Shinhan Alpha REIT 293940.KSSouth Korea$497M-8%+45%3%1.09×5.7%3.1%
Gladstone Commercial GOODUnited States$497M-21%+11%5%3.36×27.5%5.4%
Atom Hoteles SOCIMI YATO.MCSpain$572M-7%-1%17%1.55×7.1%n/a
China Southern SF Express Closed Infrastructure REIT 180305.SZChina$490M-12%n/a1%1.01×5.1%1.2%

Questions

Which companies are Rural Funds's closest peers?
The cockpit's peer set: Hankyu Hanshin REIT (8977.T), Abacus (ABG.AX), Dexus Industria REIT (DXI.AX), Allied Properties Real Estate Investment Trust (AP-UN.TO), China Merchants CMET Closed Infrastructure Real Estate Investment Trust Registered Unit (180203.SZ), Universal Health Realty Income Trust (UHT), Custodian Property Income REIT (CREI.L), Schroder Real Estate Investment Trust (SREI.L).
Is Rural Funds expensive compared with its peers?
On price / book it trades at 0.68× against a peer median of 0.84×, 6th cheapest of 21 in its peer set. The share price implies a return on equity of about 8.4%; Rural Funds delivers 10.6%, so the price asks less than the business earns today.
How has Rural Funds stock performed?
Over six months to 6 Nov 2026 the shares returned -1.0% against -7.4% for the median peer; over one year +2.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.