Police described both bikes as "highly valuable" as they appealed for information.
Two high-value bicycles were stolen from a farm in Carse of Gowrie.
Thieves targeted an outbuilding at the address overnight between Monday and Tuesday.
A Santa Cruz mountain bike with distinctive red detailing (pictured below) was taken alongside a Santa Cruz grey e-bike.
Police have described the bikes as "highly valuable" as they appealed to the public for information.
A spokesperson said: "We are currently investigating the theft of two bikes from a farm property near Rait.
"This happened sometime between 8:30pm Monday and 7:15am Tuesday May 30.
"Two Santa Cruz mountain bikes were stolen from an outbuilding on a farm north of Rait in the Carse of Gowrie.
"The grey bike is an e-bike and both are highly valuable."
Anyone with any information is being urged to contact the police on 101, quoting the reference number 0832 of May 30.
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