At the end of January Advance Terrafund REIT owned 217,000 decares of agricultural land. The average acquisition price per decare stands at 217 leva (adjusted for all costs).
83% of the REIT's funds is invested in agricultural land and 17% in urban parcels.
The company invests primarily in the highest categories of arable land – 99% of plots belong to categories 1 – 6 (on a scale of 1 to 10, 1 being the most fertile). Leases for those parcels are most profitable.
Broken down to regions the land is allocated as follows: Central regions (30%), Northwestern region (15%), South central region (8%) and South eastern (3%).
On January 31 revenues from lease contracts for the agricultural year 2006-2007 stand at 527,680 leva. Revenues for the current 2007 – 2008 are insured by the Bulgarian Agency for Export Insurance.
Advance Terrafund REIT has signed contracts for the first four months of the 2007 – 2008 agricultural season (October, November, December, January) for some 69,470 decares of land, or 32% of all land.
The last transaction with the stock on BSE was at 2 leva/share.