Advance Terrafund bought 1100 daa and did not sell agricultural land in June’18 (NEUTRAL)

Advance Terrafund REIT bought 1100 daa land at an average price of BGN 985/daa in June’18 and none of its holdings. The total portfolio of the fund reached 222 383 daa agricultural and 133 daa urban land. The management’s guidance for rental revenue for the 2017-2018 agricultural year, which started on 01 October’17, is BGN 6.25m. Currently the fund has rented out 159 140 daa, or 81.6% of its rentable agricultural land, at an average rate of BGN 39.26/daa.