Agricultural Land Trust

Business Overview

The Agricultural Land Trust is listed on the Australian Securities Exchange and focuses on the ownership of rural property for the purpose of generating rental income and capital appreciation.

The Trust currently owns 24,233 hectares of rural property located in areas recognised for reliable rainfall and productive soil profiles. The book value of the Trust’s properties as at 30 June 2009 approximated $105 million.

All properties are leased to Elders Forestry (formerly ITC Group) for forestry MIS plantations. Elders Forestry is one of Australia's leading forestry businesses with in excess of 165,000 plantation hectares under management. All leases are guaranteed by Elders Forestry’s parent company Elders Limited and contain land remediation provisions together with a rent mechanism that ensures a rental margin above the Trust’s interest costs.

The Trust owns properties in Victoria and Western Australia that are being used for the cultivation of Tasmanian Blue Gum for pulp wood production. It also owns properties in Queensland that are being used for the cultivation of Mahogany, Teak, Spotted Gum and Eucalyptus Grandis x Camaldulensis for pulp wood production, structural grade timber, flooring and furniture.

The Responsible Entity of the Trust is Agricultural Land Management Limited which is wholly owned by Elders Limited.

An investment in the Agricultural Land Trust provides exposure to the rural property asset class.