Rural Funds Group, the country’s largest listed agricultural property trust, upgraded its earnings guidance on Monday after swooping on almost $110 million of macadamia orchards, cattle and cropping properties in central and south-east Queensland.

The trust, managed by Rural Funds Management, forecast funds from operations of 11.8¢ per unit this financial year, up from 11.6¢ forecast in August based on the income boost from these acquisitions.