Caroona (cattle feedlot)
Location
Quirindi, NSW
Size
23,500 SCU with 1,387 ha of associated cropping land
Property Type
Feedlot
Lessee
JBS Australia Pty Ltd
n/a
Acquisition Date
Oct 2018
Adjusted Property Value (31 Dec 2021)
$
56.1
m
Valuer & Valuation Date
n/a
Main Variety
Developments
Initial
5-year Development
Initial
5-year Development
Initial
5-year Development
Cobungra
Location
East Gippsland, VIC
Size
6,497 ha
Property Type
Breeding & backgrounding
Lessee
Stone Axe Pastoral Company
n/a
Acquisition Date
Mar 2019
Adjusted Property Value (31 Dec 2021)
$
40.8
m
Valuer & Valuation Date
Colliers
Jun 2021
Main Variety
Developments
Grazing area
Initial
4,221 ha
5-year Development
Upgrade to existing 4221 ha area
Initial
5-year Development
Initial
5-year Development
Mungindi (cattle feedlot)
Location
Mungindi, QLD
Size
12,000 SCU with 409 ha of associated cropping land
Property Type
Feedlot
Lessee
JBS Australia Pty Ltd
n/a
Acquisition Date
Oct 2018
Adjusted Property Value (31 Dec 2021)
$
56.1
m
Valuer & Valuation Date
n/a
Main Variety
Developments
Initial
5-year Development
Initial
5-year Development
Initial
5-year Development
Oakland Park
Location
Croydon, QLD
Size
85,500 ha
Property Type
Cattle breeding
Lessee
Cattle JV Pty Ltd
n/a
Acquisition Date
Aug 2016
Adjusted Property Value (31 Dec 2021)
$
8.6
m
Valuer & Valuation Date
Herron Todd White
Jun 2021
Main Variety
Developments
Water points
Initial
102 water points
5-year Development
21 additional water points (combined developments for Mutton Hole and Oakland Park)
Pasture
Initial
20,000 ha
5-year Development
An additional 33,333 ha (combined developments for Mutton Hole and Oakland Park)
Initial
5-year Development
Prime City (cattle feedlot)
Location
Griffith, NSW
Size
35,000 SCU with 4,021 ha of associated cropping land
Property Type
Feedlot
Lessee
JBS Australia Pty Ltd
n/a
Acquisition Date
Oct 2018
Adjusted Property Value (31 Dec 2021)
$
56.1
m
Valuer & Valuation Date
n/a
Main Variety
Developments
Initial
5-year Development
Initial
5-year Development
Initial
5-year Development
Riverina Beef (cattle feedlot)
Location
Yanco, NSW
Size
53,000 SCU with 1,830 ha of associated cropping land
Property Type
Feedlot
Lessee
JBS Australia Pty Ltd
n/a
Acquisition Date
Oct 2018
Adjusted Property Value (31 Dec 2021)
$
56.1
m
Valuer & Valuation Date
Main Variety
Developments
Initial
5-year Development
Initial
5-year Development
Initial
5-year Development
Woodburn
Location
New England, NSW
Size
1,063 ha
Property Type
Breeding & backgrounding
Lessee
Stone Axe Pastoral Company
n/a
Acquisition Date
Jan 2019
Adjusted Property Value (31 Dec 2021)
$
7.4
m
Valuer & Valuation Date
Colliers
Jun 2020
Main Variety
Developments
Grazing area
Initial
802 ha
5-year Development
Upgrades to existing 802 ha
Initial
5-year Development
Initial
5-year Development
Yarra
Location
Rockhampton, QLD
Size
4090 ha
Property Type
Breeding & backgrounding
Lessee
n/a
Acquisition Date
May 2020
Adjusted Property Value (31 Dec 2021)
$
23.6
m
Valuer & Valuation Date
CBRE
Dec 2021
Main Variety
Developments
Initial
5-year Development
Initial
5-year Development
Initial
5-year Development
Beef City (cattle feedlot)
Location
Toowoomba, QLD
Size
26,500 SCU with 760 ha of associated cropping land
Property Type
Feedlot
Lessee
JBS Australia Pty Ltd
n/a
Acquisition Date
Oct 2018
Adjusted Property Value (31 Dec 2021)
$
56.1
m
Valuer & Valuation Date
n/a
Main Variety
Developments
Initial
5-year Development
Initial
5-year Development
Initial
5-year Development
Cerberus
Location
Rockhampton, QLD
Size
8,280 ha
Property Type
Breeding & backgrounding
Lessee
n/a
Acquisition Date
Sep 2018
Adjusted Property Value (31 Dec 2021)
$
14.1
m
Valuer & Valuation Date
CBRE
Jun 2020
Main Variety
Developments
Cultivation area
Initial
0 ha
5-year Development
600 ha
Initial
5-year Development
Initial
5-year Development
Comanche
Location
Rockhampton, QLD
Size
7,600 ha
Property Type
Breeding & backgrounding
Lessee
Australian Agricultural Company (ASX: AAC)
n/a
Acquisition Date
Jul 2018
Adjusted Property Value (31 Dec 2021)
$
24.5
m
Valuer & Valuation Date
CBRE
Jun 2020
Main Variety
Developments
Cultivation area
Initial
0 ha
5-year Development
342 ha
Irrigated area
Initial
0 ha
5-year Development
225 ha
Pasture
Initial
172 ha
5-year Development
An additional 595 ha
Dyamberin
Location
New England, NSW
Size
1,729 ha
Property Type
Breeding & backgrounding
Lessee
Stone Axe Pastoral Company
n/a
Acquisition Date
Oct 2018
Adjusted Property Value (31 Dec 2021)
$
14.0
m
Valuer & Valuation Date
Colliers
Jun 2020
Main Variety
Developments
Grazing area
Initial
1,175 ha
5-year Development
Upgrades to existing 1,175 ha
Initial
5-year Development
Initial
5-year Development
Homehill
Location
Rockhampton, LD
Size
4,925 ha
Property Type
Breeding & backgrounding
Lessee
Australian Agricultural Company (ASX: AAC)
n/a
Acquisition Date
Jun 2020
Adjusted Property Value (31 Dec 2021)
$
13.4
m
Valuer & Valuation Date
CBRE
Jun 2020
Main Variety
Developments
Initial
5-year Development
Initial
5-year Development
Initial
5-year Development
Mutton Hole
Location
Carpentaria, QLD
Size
140,300 ha
Property Type
Large-scale cattle breeding
Lessee
Cattle JV Pty Ltd
n/a
Acquisition Date
Jul 2016
Adjusted Property Value (31 Dec 2021)
$
16.8
m
Valuer & Valuation Date
Herron Todd White
Jun 2021
Main Variety
Developments
Water points
Initial
102 water points
5-year Development
An additional 21 water points (combined developments for Mutton Hole and Oakland Park)
Pasture
Initial
20,000 ha
5-year Development
An additional 33,333 ha (combined developments for Mutton Hole and Oakland Park)
Initial
5-year Development
Natal Aggregation
Location
Charters Towers, QLD
Size
390,600 ha
Property Type
Backgrounding & finishing
Lessee
DA and JF Camm Pty Ltd
n/a
Acquisition Date
Dec 2017
Adjusted Property Value (31 Dec 2021)
$
89.0
m
Valuer & Valuation Date
JLL
Jun 2021
Main Variety
Developments
Water points
Initial
96 water points
5-year Development
An additional 50 water points
Initial
5-year Development
Initial
5-year Development
Petro, High Hill & Willara (WA properties x3)
Location
South West, WA
Size
6,195 ha
Property Type
Breeding & backgrounding
Lessee
Stone Axe Pastoral Company
n/a
Acquisition Date
Feb 2020
Adjusted Property Value (31 Dec 2021)
$
25.3
m
Valuer & Valuation Date
Herron Todd White
Dec 2021
Main Variety
Developments
Irrigated area
Initial
200 ha
5-year Development
Upgrades to existing 200 ha
Grazing area
Initial
5,402 ha
5-year Development
Upgrades to existing 5,402 ha
Initial
5-year Development
Rewan Station
Location
Rolleston, QLD
Size
17,479 ha
Property Type
Backgrounding & finishing
Lessee
Australian Agricultural Company (ASX: AAC)
n/a
Acquisition Date
Aug 2016
Adjusted Property Value (31 Dec 2021)
$
62.4
m
Valuer & Valuation Date
LAWD
Dec 2021
Main Variety
Developments
Initial
5-year Development
Cultivation area
Initial
3,432 ha
5-year Development
An additional 250 ha
Pasture
Initial
645 ha
5-year Development
An additional 200 ha
Coolibah
Location
Rockhampton, QLD
Size
724 ha
Property Type
Backgrounding
Lessee
Mort & Co Lot Feeders Pty Ltd
n/a
Acquisition Date
Dec 2021
Adjusted Property Value (31 Dec 2021)
$
4.9
m
Valuer & Valuation Date
n/a
Main Variety
Developments
Initial
5-year Development
Initial
5-year Development
Initial
5-year Development
31 December 2021 value includes Kaiuroo aggregation, which has a settlement period of up to November 2023. Five-year developments refer to the development potential of assets. Forecasts capex includes rentable and non-rentable amounts. Where no independent valuation has been conducted since acquisition, the purchase price and acquisition date have been listed. JBS Feedlots are not independently valued in financial statements as they are accounted for as a finance lease and are measured at amortised cost. Homehill includes an additional area purchased in December 2020, for $4.4m. Yarra includes an additional area purchased in December 2021, for $14.6m. Kaiuroo, which has a settlement period of up to November 2023 not included.