According to the audited annual financial statement, the profit for distribution of Advance Terrafund REIT for 2010 is BGN 4,469 million, which is a growth of 40.5% compared to 2009. As of December 31, 2010, the Company has accrued a dividend payout amounting to 90% of the financial result, converted in accordance with the provisions of Art. The dividend is expected to be paid to shareholders in 2011, following a resolution of the General Meeting.
As of December 31, 2010 the investment property of the company includes agricultural land with an area of approximately 336,219 decares and property in regulation with an area of approximately 139 decares, with a total value of BGN 129 million. The company has increased its land fund by almost 7% compared to 2009.
For the past financial year, Advance Terrafund REIT has sold 4 627 acres of agricultural land at an average price of 536 BGN / ha.
The net asset value per share is BGN 1.86 per share, with the market price of one share currently equal to BGN 1.37.
Advance Terrafund REIT is the largest owner of agricultural land in Bulgaria after the state and the largest special investment company on the Bulgarian Stock Exchange with assets for nearly BGN 160 million.