Operation and Results

Map of the agricultural land portfolio by districts as of December 31st, 2018

 

As of December 31st, 2018 Agro Finance REIT is in possession of quality agricultural land with a total area of 13 914 hectares. The funds invested by the Company stand at EUR 22.504 million. The average acquisition price per hectare (all costs included) is EUR 1617.37.

Structure of the agricultural lands portfolio by regions as of December 31st, 2018

Share of the total volume of acquired land (%)

Agro Finance REIT invests with priority in agricultural properties from first to sixth category which account for 96.94% of the investment portfolio.

Structure of the agricultural lands portfolio by categories as of December 31st, 2018

Total area in decare

Share of the total volume of acquired land (%)

Categories of agricultural lands in Bulgaria

Legend:

  1. Very good lands - with bonitet* over 80 points - I and II category
  2. Good lands - with bonitet from 60 to 80 points - III and IV category
  3. Average lands - with bonitet from 40 to 60 points - V and VI category
  4. Bad lands - with bonitet from 20 to 40 points - VII and VIII category
  5. Unfit lands - with bonitet from 0 to 20 points - IX and X category
  6. Forestry fund

* Bonitet is an indicator of the productivity of a plant. Most highly productive are the plants from I bonitet and most low productive are from V bonitet

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