Farmland Partners to Be Added to the MSCI REIT Index (RMZ)

Rhea-AI Summary

Farmland Partners Inc. (NYSE: FPI) announced its inclusion in the MSCI US REIT Index (RMZ) effective May 31, 2022. This index is widely used to measure the performance of equity REITs. Chairman and CEO Paul Pittman emphasized that this milestone highlights the company's growth strategy and aims to enhance visibility among investors, potentially attracting additional capital.

As of now, Farmland Partners owns or manages about 185,000 acres across 19 states, focusing on high-quality farmland and loans secured by real estate.

Positive

• Inclusion in the MSCI US REIT Index may enhance visibility to investors.
• Potential for attracting further capital through passive investment strategies.

Negative

• None.

DENVER--(BUSINESS WIRE)-- Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today announced that it will be included in the Morgan Stanley Capital International (MSCI) US REIT Index (the “RMZ”) as of the close of the market on May 31, 2022.

The RMZ is a free float-adjusted market capitalization weighted index that is comprised of equity real estate investment trusts (REITs) and is one of the most broadly adopted benchmarks for the stock market performance of the REIT sector.

“Our inclusion in the RMZ represents a significant milestone for the Company,” said FPI Chairman and CEO Paul Pittman. “It is a testament to the Company’s growth strategy, and inclusion in the index should provide enhanced visibility to the investment community and could attract further capital deployed through passive strategies.”

About Farmland Partners Inc.

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 and/or manages approximately 185,000 acres in 19 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Louisiana, Michigan, Mississippi, Missouri, Nebraska, North Carolina, South Carolina, South Dakota and Virginia. We have approximately 26 crop types and more than 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. Additional information: www.farmlandpartners.com or (720) 452-3100.

Forward-Looking Statements

This press release includes "forward-looking statements" within the meaning of the federal securities laws, including, without limitation, statements with respect to expected yields on acquired farmland, our outlook, proposed and pending acquisitions and dispositions, the potential impact of trade disputes and recent extreme weather events on the Company's results, financing activities, crop yields and prices and anticipated rental rates. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "should," "could," "would," "predicts," "potential," "continue," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" or similar expressions or their negatives, as well as statements in future tense. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, beliefs and expectations, such forward-looking statements are not predictions of future events or guarantees of future performance and our actual results could differ materially from those set forth in the forward-looking statements. Some factors that might cause such a difference include the following: general volatility of the capital markets and the market price of the Company's common stock, changes in the Company's business strategy, availability, terms and deployment of capital, the Company's ability to refinance existing indebtedness at or prior to maturity on favorable terms, or at all, availability of qualified personnel, changes in the Company's industry, interest rates or the general economy, adverse developments related to crop yields or crop prices, the degree and nature of the Company's competition, the timing, price or amount of repurchases, if any, under the Company's share repurchase program, the ability to consummate acquisitions or dispositions under contract and the other factors described in the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2021, and the Company's other filings with the Securities and Exchange Commission. Any forward-looking information presented herein is made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220516005283/en/

Phillip Hayes

phayes@farmlandpartners.com

Source: Farmland Partners Inc.

FAQ

What is the significance of Farmland Partners being included in the MSCI US REIT Index?

Farmland Partners' inclusion in the MSCI US REIT Index indicates its growth and credibility, potentially attracting more investors.

When does Farmland Partners join the MSCI US REIT Index?

Farmland Partners will be included in the MSCI US REIT Index at the close of the market on May 31, 2022.

How many acres does Farmland Partners manage?

Farmland Partners currently owns or manages approximately 185,000 acres across 19 states.

What type of investments does Farmland Partners focus on?

Farmland Partners focuses on acquiring high-quality North American farmland and providing loans to farmers secured by farm real estate.