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AGRICULTURAL LAND TRUST (AGJ)


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General Information
Company Name: Agricultural Land Trust
Stock Code: AGJ
Website: www.agriculturallandtrust.com.au
GICS Sub-Industry: Industrial Real Estate Investment Trusts
Market Cap ($M): 9
Equiv. Shares (M): 101

Current Price Data+
Current Price Open High Low Last Close Volume Price Movement
$ 0.092 $ 0.000 $ 0.000 $ 0.000 $ 0.092 0 0%

Company Overview

Business Description:
Agricultural Land Trust (AGJ) is a listed property trust focusing on the rural investment property in Australia for the purpose of generating rental income and capital appreciation. The Responsible Entity of the Trust is Agricultural Land Management Limited which is wholly owned by Elders Limited.

Financial Summary
Year to Jun NPAT EPS EPS chg (%) PER DPS Yield (%) Franking (%)
2012  A -10.6 -10.7 -496.3 0.0 3.2 20.6 --
2011  A 2.5 2.7 8.0 5.9 2.5 15.5 --
2010  A 2.2 2.5 -7.4 7.0 2.0 12.8 --
Source: Aspect actuals / Thomson IBES estimates

Peer Comparison
EPS Growth (%) P/E (%) Dividend Yield (%)
Company Mkt Cap 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F 2010 A 2011 F 2012 F
Agricultural Land Trust (AGJ) $9 M -- -- -- -- -- -- 0.3457 -- --

Market Comparison
Earnings P/E Ratio P/B Ratio P/E Growth
AGJ -- -- 0.43 --
Market 1.10 12.9 0.91 2.56
Sector 1.47 16.1 1.04 2.30

Directors
Name Position Start Date
Mr Thomas Pascarella Non-Executive Chairman 31 December 2012
Mr Peter Zachert Non-Executive Director 02 July 2007
Mr Robert Michael Walter Non-Executive Director 28 May 2010

Management
Name Position
Neil MacKenzie Compliance Committee Chairman
Ross Kestel Compliance Committee Member
Justin Nelson Joint Company Secretary
Craig Porter Joint Company Secretary
Phillip Melville Responsible Manager - Property

Substantial Shareholders
Holding Name
894,415 (0.89%) Futuris Administration Pty Ltd
7,922,113 (7.92%) Agricultural Land Management Ltd (formerly Westralia Property Management Ltd)
4,169,881 (4.17%) Prestige Property Holdings Pty Ltd
5,603,364 (5.60%) Emerald Securities Pty Ltd
22,109,357 (22.11%) Westralia Property Holdings Pty Ltd
36,705,729 (36.70%) Elders Finance Pty Ltd

Calendar of Events
Date Event
24 February 2014 Report (Interim)
26 September 2013 Report (Annual)
16 August 2013 Report (Annual)
16 August 2013 Report (Prelim)
© 2011 Morningstar, Inc. All rights reserved. The data and content contained herein are not guaranteed to be accurate, complete or timely. Neither Morningstar, nor its affiliates nor their content providers will have any liability for use or distribution of any of this information. To the extent that any of the content above constitutes advice, it is general advice that has been prepared by Morningstar Australasia Pty Ltd ABN: 95 090 665 544, AFSL: 240892 (a subsidiary of Morningstar, Inc.), without reference to your objectives, financial situation or needs. Before acting on any advice, you should consider the appropriateness of the advice and we recommend you obtain financial, legal and taxation advice before making any financial investment decision. If applicable investors should obtain the relevant product disclosure statement and consider it before making any decision to invest. Some material is copyright and published under licence from ASX Operations Pty Limited ACN 004 523 782 ("ASXO"). DISCLOSURE: Employees may have an interest in the securities discussed in this report. Please refer to our Financial Services Guide (FSG) for more information at www.morningstar.com.au/fsg.asp.

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