Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. As of the date of this release, the Company owns approximately 155,000 acres in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota and Virginia. We have approximately 26 crop types and over 100 tenants. The Company elected to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with the taxable year ended December 31, 2014.
IPO Year: 2014
Exchange: NYSE
Website: farmlandpartners.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/13/2023 | $12.50 | Neutral | B. Riley Securities |
| 1/13/2023 | Neutral → Buy | Janney | |
| 6/21/2022 | $16.00 | Buy | ROTH Capital |
| 10/14/2021 | $14.00 | Buy | Berenberg |
Addresses Sale Speculation Modiv Industrial, Inc. ("Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, today announced its latest independent, third-party appraisal of its assets resulting in an updated Net Asset Value ("NAV") of $24.11 per share as of December 31, 2024. The following is a statement from Aaron Halfacre, CEO of Modiv Industrial: "This year we engaged Cushman & Wakefield to conduct an appraisal of our 43 properties and to value our three fixed rate mortgages. Their estimates of value were then used to calculate our net asset value (NAV) per share as delineated in the table further b
Farmland Partners Inc. (NYSE:FPI) (the "Company" or "FPI") today announced the tax treatment of our 2024 common stock distributions, as summarized in the following table. Farmland Partners Inc. CUSIP: 31154R109 EIN: 46-3769850 Farmland Partners Inc. 2024 Dividend Treatment Common Stock Dividends Capital Gains DeclarationDate Payment Date Record Date DistributionPer Share DistributionPer Share Allocable to2024 TaxableOrdinary(Box 1a) Qualified (Box 1b)(1) Total(Box 2a) Unrecaptured Section 1250 (Box 2b) Return of Capital(Box 3)(2) Section 199A(Box 5)(1) 12/12/2023 1/12/2024 12/29/2023
Farmland Partners Inc. (NYSE:FPI) (the "Company" or "FPI") today announced that its Board of Directors has declared a one-time dividend of $1.15 per share of common stock and Class A Common OP Unit, payable in cash on January 8, 2025 to shareholders of record on December 23, 2024. The announcement comes at the end of a year that saw the Company sell farmland and related assets for consideration totaling approximately $308 million, generating a total gain for FPI of approximately $51 million, or approximately 20 percent over the aggregate net book value. "This year has been good for FPI," said Luca Fabbri, FPI's President and CEO. "The Company achieved sizeable profits on dispositions, t
Significantly Reduces Debt, Increases 2024 Earnings Guidance, And Projects Special Dividend Of At Least $1.00 Farmland Partners Inc. (NYSE:FPI) ("FPI" or the "Company") today reported financial results for the quarter ended September 30, 2024. Selected Highlights During the quarter ended September 30, 2024, the Company: recorded net income of $1.8 million, or $0.02 per share available to common stockholders, compared to $4.3 million (which included $10.3 million of gain on disposition of assets, net), or $0.07 per share available to common stockholders for the same period in 2023; recorded AFFO of $1.4 million, or $0.03 per share, compared to ($0.5) million, or ($0.01) per share, for
Farmland Partners Inc. (NYSE:FPI) (the "Company") today announced it will release its financial results for the quarter ended September 30, 2024, after 5 p.m. (Eastern Time) on Wednesday, October 30, 2024, and will host a conference call the following day, Thursday, October 31, 2024, at 11:00 a.m. (Eastern Time) to discuss the financial results and provide a company update. The call can be accessed live over the phone by dialing 1-800-715-9871 and using the conference ID 4868033. The conference call will also be available via a live listen-only webcast and can be accessed through the Investor Relations section of the Company's website, www.farmlandpartners.com. A replay of the conference
Transaction Generated Approximate $50 Million Gain Over Net Book Value Farmland Partners Inc. (NYSE:FPI) (the "Company" or "FPI") today confirmed that the recently announced sale of a portfolio of farmland to Farmland Reserve, Inc. ("Farmland Reserve") closed as scheduled on October 16, 2024 (the "Transaction"). The portfolio sold to Farmland Reserve consisted of 46 farms, comprising 41,554 acres of farmland in Arkansas, Florida, Louisiana, Mississippi, Nebraska, Oklahoma, and the Carolinas. The $289 million all-cash Transaction generated a total gain for FPI of approximately $50 million, or approximately 21 percent over the aggregate net book value of the farms within the portfolio. FPI
Transaction to Generate an Approximate $50 Million Gain Over Net Book Value Farmland Partners Inc. (NYSE:FPI) (the "Company" or "FPI") today announced that it is selling a portfolio of 46 farms, comprising 41,554 acres of farmland (the "Portfolio"), for $289 million in a single transaction ("the "Transaction") with Farmland Reserve, Inc. The all-cash deal has been finalized by both parties and is scheduled to close on October 16, 2024, once all conditions to closing are satisfied. The Portfolio includes farms across several regions and states, including Arkansas, Florida, Louisiana, Mississippi, Nebraska, Oklahoma, and the Carolinas. The Transaction does not include any of the Company's I
Strong Performance Driven By Portfolio Improvement Farmland Partners Inc. (NYSE:FPI) ("FPI" or the "Company") today reported financial results for the quarter ended June 30, 2024. Selected Highlights During the quarter ended June 30, 2024, the Company: recorded net income (loss) of ($2.1) million, or ($0.06) per share available to common stockholders, compared to $7.9 million (which included $11.1 million of gain on disposition of assets), or $0.14 per share available to common stockholders for the same period in 2023; recorded AFFO of $0.5 million, or $0.01 per share (excluding $1.4 million, or approximately $0.03 per share, in a one-time severance expense), compared to ($1.1)
Farmland Partners Inc. (NYSE:FPI) (the "Company") today announced it will release its financial results for the quarter ended June 30, 2024, after 5 p.m. (Eastern Time) on Wednesday, July 24, 2024, and will host a conference call the following day, Thursday, July 25, 2024, at 11:00 a.m. (Eastern Time) to discuss the financial results and provide a company update. The call can be accessed live over the phone by dialing 1-800-715-9871 and using the conference ID 5408499. The conference call will also be available via a live listen-only webcast and can be accessed through the Investor Relations section of the Company's website, www.farmlandpartners.com. A replay of the conference call wi
Increased Fiscal Year 2024 Guidance Farmland Partners Inc. (NYSE:FPI) ("FPI" or the "Company") today reported financial results for the quarter ended March 31, 2024. Selected Highlights During the quarter ended March 31, 2024, the Company: recorded net income of $1.4 million, or $0.01 per share available to common stockholders, compared to $1.7 million, or $0.02 per share available to common stockholders for the same period in 2023; recorded AFFO of $2.8 million, or $0.06 per share, compared to $1.6 million, or $0.03 per share, for the same period in 2023; had average gross book value of real estate of $1.00 billion compared to $1.14 billion for the same period in 2023, a dec
Addresses Sale Speculation Modiv Industrial, Inc. ("Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, today announced its latest independent, third-party appraisal of its assets resulting in an updated Net Asset Value ("NAV") of $24.11 per share as of December 31, 2024. The following is a statement from Aaron Halfacre, CEO of Modiv Industrial: "This year we engaged Cushman & Wakefield to conduct an appraisal of our 43 properties and to value our three fixed rate mortgages. Their estimates of value were then used to calculate our net asset value (NAV) per share as delineated in the table further b
Farmland Partners Inc. (NYSE:FPI) (the "Company" or "FPI") today announced the tax treatment of our 2024 common stock distributions, as summarized in the following table. Farmland Partners Inc. CUSIP: 31154R109 EIN: 46-3769850 Farmland Partners Inc. 2024 Dividend Treatment Common Stock Dividends Capital Gains DeclarationDate Payment Date Record Date DistributionPer Share DistributionPer Share Allocable to2024 TaxableOrdinary(Box 1a) Qualified (Box 1b)(1) Total(Box 2a) Unrecaptured Section 1250 (Box 2b) Return of Capital(Box 3)(2) Section 199A(Box 5)(1) 12/12/2023 1/12/2024 12/29/2023
Farmland Partners Inc. (NYSE:FPI) (the "Company" or "FPI") today announced that its Board of Directors has declared a one-time dividend of $1.15 per share of common stock and Class A Common OP Unit, payable in cash on January 8, 2025 to shareholders of record on December 23, 2024. The announcement comes at the end of a year that saw the Company sell farmland and related assets for consideration totaling approximately $308 million, generating a total gain for FPI of approximately $51 million, or approximately 20 percent over the aggregate net book value. "This year has been good for FPI," said Luca Fabbri, FPI's President and CEO. "The Company achieved sizeable profits on dispositions, t
Significantly Reduces Debt, Increases 2024 Earnings Guidance, And Projects Special Dividend Of At Least $1.00 Farmland Partners Inc. (NYSE:FPI) ("FPI" or the "Company") today reported financial results for the quarter ended September 30, 2024. Selected Highlights During the quarter ended September 30, 2024, the Company: recorded net income of $1.8 million, or $0.02 per share available to common stockholders, compared to $4.3 million (which included $10.3 million of gain on disposition of assets, net), or $0.07 per share available to common stockholders for the same period in 2023; recorded AFFO of $1.4 million, or $0.03 per share, compared to ($0.5) million, or ($0.01) per share, for
Farmland Partners Inc. (NYSE:FPI) (the "Company") today announced it will release its financial results for the quarter ended September 30, 2024, after 5 p.m. (Eastern Time) on Wednesday, October 30, 2024, and will host a conference call the following day, Thursday, October 31, 2024, at 11:00 a.m. (Eastern Time) to discuss the financial results and provide a company update. The call can be accessed live over the phone by dialing 1-800-715-9871 and using the conference ID 4868033. The conference call will also be available via a live listen-only webcast and can be accessed through the Investor Relations section of the Company's website, www.farmlandpartners.com. A replay of the conference
Transaction Generated Approximate $50 Million Gain Over Net Book Value Farmland Partners Inc. (NYSE:FPI) (the "Company" or "FPI") today confirmed that the recently announced sale of a portfolio of farmland to Farmland Reserve, Inc. ("Farmland Reserve") closed as scheduled on October 16, 2024 (the "Transaction"). The portfolio sold to Farmland Reserve consisted of 46 farms, comprising 41,554 acres of farmland in Arkansas, Florida, Louisiana, Mississippi, Nebraska, Oklahoma, and the Carolinas. The $289 million all-cash Transaction generated a total gain for FPI of approximately $50 million, or approximately 21 percent over the aggregate net book value of the farms within the portfolio. FPI
Transaction to Generate an Approximate $50 Million Gain Over Net Book Value Farmland Partners Inc. (NYSE:FPI) (the "Company" or "FPI") today announced that it is selling a portfolio of 46 farms, comprising 41,554 acres of farmland (the "Portfolio"), for $289 million in a single transaction ("the "Transaction") with Farmland Reserve, Inc. The all-cash deal has been finalized by both parties and is scheduled to close on October 16, 2024, once all conditions to closing are satisfied. The Portfolio includes farms across several regions and states, including Arkansas, Florida, Louisiana, Mississippi, Nebraska, Oklahoma, and the Carolinas. The Transaction does not include any of the Company's I
Murray Wise Associates (MWA) announced today that Vice President Elizabeth Strom was recently recognized as the 2024 Land Broker of the Year by the Illinois chapter of the REALTORS® Land Institute (RLI), during its annual meeting. The annual award is selected by peers and acknowledges an RLI member in the state for their professionalism, ethics, market knowledge, client service, and work within the local community. "Liz embodies all of the qualities the industry prioritizes, and we could not be prouder of her for this well-deserved honor," said MWA President Eric Sarff. "She has been an invaluable member of our team since she joined us in 2021, and her infectious personality and business
Farmland Partners Inc. (NYSE:FPI) (the "Company" or "FPI") today announced the addition of Dr. Bruce Sherrick, a renowned agricultural economist and farmland expert at the University of Illinois, to its Board of Directors (the "Board"), effective July 23, 2024. Dr. Sherrick has held the Marjorie and Jerry Fruin Professorship at the University of Illinois since 2013 and has run the TIAA-CREF Center for Farmland Research at the university's Department of Agricultural and Consumer Economics since 2014. For the past 22 years, Dr. Sherrick has also been a Managing Partner at Integrated Financial Analytics & Research (iFAR), a consulting firm that specializes in credit risk assessment and model
Strong Performance Driven By Portfolio Improvement Farmland Partners Inc. (NYSE:FPI) ("FPI" or the "Company") today reported financial results for the quarter ended June 30, 2024. Selected Highlights During the quarter ended June 30, 2024, the Company: recorded net income (loss) of ($2.1) million, or ($0.06) per share available to common stockholders, compared to $7.9 million (which included $11.1 million of gain on disposition of assets), or $0.14 per share available to common stockholders for the same period in 2023; recorded AFFO of $0.5 million, or $0.01 per share (excluding $1.4 million, or approximately $0.03 per share, in a one-time severance expense), compared to ($1.1)
B. Riley Securities resumed coverage of Farmland Partners with a rating of Neutral and set a new price target of $12.50
Janney upgraded Farmland Partners from Neutral to Buy
ROTH Capital initiated coverage of Farmland Partners with a rating of Buy and set a new price target of $16.00
Berenberg initiated coverage of Farmland Partners with a rating of Buy and set a new price target of $14.00
10-Q - Farmland Partners Inc. (0001591670) (Filer)
8-K - Farmland Partners Inc. (0001591670) (Filer)
8-K - Farmland Partners Inc. (0001591670) (Filer)
8-K - Farmland Partners Inc. (0001591670) (Filer)
8-K - Farmland Partners Inc. (0001591670) (Filer)
10-Q - Farmland Partners Inc. (0001591670) (Filer)
8-K - Farmland Partners Inc. (0001591670) (Filer)
8-K - Farmland Partners Inc. (0001591670) (Filer)
EFFECT - Farmland Partners Inc. (0001591670) (Filer)
S-3 - Farmland Partners Inc. (0001591670) (Filer)
4 - Farmland Partners Inc. (0001591670) (Issuer)
4 - Farmland Partners Inc. (0001591670) (Issuer)
4 - Farmland Partners Inc. (0001591670) (Issuer)
4 - Farmland Partners Inc. (0001591670) (Issuer)
Farmland Partners Inc. (NYSE:FPI) (the "Company" or "FPI") today announced the addition of Dr. Bruce Sherrick, a renowned agricultural economist and farmland expert at the University of Illinois, to its Board of Directors (the "Board"), effective July 23, 2024. Dr. Sherrick has held the Marjorie and Jerry Fruin Professorship at the University of Illinois since 2013 and has run the TIAA-CREF Center for Farmland Research at the university's Department of Agricultural and Consumer Economics since 2014. For the past 22 years, Dr. Sherrick has also been a Managing Partner at Integrated Financial Analytics & Research (iFAR), a consulting firm that specializes in credit risk assessment and model
DENVER, Oct. 11, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE:FPI) ("Farmland Partners" or the "Company") today announced the appointment of Luca Fabbri as President of the Company, effective immediately. Mr. Fabbri's responsibilities will include portfolio management, new growth initiatives, capital markets and investor relations, and he will continue to report directly to the Chairman and Chief Executive Officer. Prior to his appointment as President, Mr. Fabbri served as Chief Financial Officer and Treasurer of the Company since its inception. Prior to co-founding Farmland Partners, Mr. Fabbri spent over 20 years as an entrepreneur and executive in finance, technology and agricult
DENVER, Feb. 18, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE: FPI) (the "Company" or "FPI") announced today the appointment of Toby O'Rourke to the FPI's Board of Directors, effective February 11, 2021. Following the appointment of Ms. O'Rourke as an independent Board member, the Board will be comprised of six directors, five of whom are independent. Ms. O'Rourke has served as the President and Chief Executive Officer of KOA, Inc. ("KOA"), a franchisor campground operator, since March 2019. Ms. O'Rourke served as the President of KOA from March 2018 to March 2019 and the Chief Operations Officer of KOA from January 2016 to March 2018. Ms. O'Rourke holds an undergraduate degree from t
DENVER, Dec. 8, 2020 /PRNewswire/ -- Farmland Partners Inc. (NYSE: FPI) (the "Company") today announced that real estate veteran Tom Heneghan has joined Farmland Partner's board of directors. An entity controlled by Mr. Heneghan has also entered into a stock purchase agreement to acquire 1,250,000 shares of the Company's common stock at $8.00 per share in a privately negotiated transaction for proceeds of $10 million. Mr. Heneghan has more than 30 years of leadership experience in the real estate industry with a long track-record of identifying opportunities to institutionalize and scale various sectors, domestically and internationally. These sectors include manufactured home communiti
SC 13G/A - Farmland Partners Inc. (0001591670) (Subject)
SC 13G - Farmland Partners Inc. (0001591670) (Subject)
SC 13G - Farmland Partners Inc. (0001591670) (Subject)
SC 13G/A - Farmland Partners Inc. (0001591670) (Subject)
SC 13G - Farmland Partners Inc. (0001591670) (Subject)
SC 13G/A - Farmland Partners Inc. (0001591670) (Subject)
SC 13D - Farmland Partners Inc. (0001591670) (Subject)
SC 13G/A - Farmland Partners Inc. (0001591670) (Subject)
SC 13G - Farmland Partners Inc. (0001591670) (Subject)
SC 13G/A - Farmland Partners Inc. (0001591670) (Subject)
4 - Farmland Partners Inc. (0001591670) (Issuer)
4 - Farmland Partners Inc. (0001591670) (Issuer)
4 - Farmland Partners Inc. (0001591670) (Issuer)
4 - Farmland Partners Inc. (0001591670) (Issuer)
4 - Farmland Partners Inc. (0001591670) (Issuer)
3 - Farmland Partners Inc. (0001591670) (Issuer)
3 - Farmland Partners Inc. (0001591670) (Issuer)
4 - Farmland Partners Inc. (0001591670) (Issuer)
4 - Farmland Partners Inc. (0001591670) (Issuer)
4 - Farmland Partners Inc. (0001591670) (Issuer)