The profit realized by Advance Terrafund REIT for the third quarter of 2014 is BGN 12.1 million, compared to BGN 9.7 million for the same period of 2013. The Company completed sales of 3013.1 hectares of agricultural land at average price of BGN 1146 per decare (5861 EUR/ha).
As of 30 September 2014 the investment property of the Company includes: agricultural land of approximately 210,922 decares amounting to BGN 140.5 million, property in the process of regulation of approximately 128 decares amounting to BGN 11.7 million and land in regulation of approximately 11 decares amounting to BGN 2.9 million or a total of BGN 155.1 million.
As of the end of the third quarter of the year Advance Terrafund REIT has concluded for the economic year 2013-2014 rental and lease contracts for 151,966 decares.
The assets of the Company are over BGN 211.1 million and the net asset value per share amounts to BGN 2.45.