STOCK TITAN
  1. Home
  2. News
  3. FPI

Farmland Partners Inc. - FPI STOCK NEWS

Welcome to our dedicated page for Farmland Partners news (Ticker: FPI), a resource for investors and traders seeking the latest updates and insights on Farmland Partners stock.

Farmland Partners Inc. (NYSE: FPI) is an internally managed real estate company focused on owning and acquiring high-quality North American farmland. Founded by farmers, the management team brings years of hands-on farm operations experience, aligning with top-quality operators across the United States. This strategy helps build a diverse portfolio of agricultural assets.

FPI's core business involves purchasing and leasing farmland properties. The company generates revenue primarily from rental income received from tenants. The portfolio includes land used for growing primary crops such as corn, soybeans, wheat, rice, and cotton, as well as specialty crops like almonds, citrus, blueberries, and vegetables.

As of March 28, 2016, Farmland Partners owned 258 farms spanning 108,163 acres across 13 states, including Arkansas, Colorado, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, Texas, and Virginia. These assets offer stable rental income and potential value appreciation, providing an attractive risk-adjusted return over time.

FPI also makes loans to farmers, secured by farm real estate, further diversifying its revenue streams and supporting the agricultural community. The company's recent achievements include acquiring Murray Wise Associates LLC in November 2021, a leading national agricultural real estate auction and brokerage company.

Farmland Partners continues to expand its footprint and capabilities by leveraging its extensive industry knowledge and strategic partnerships. With a focus on sustainable farming practice, the company supports innovative agricultural operations like hydroponic growing systems, which conserve water and improve crop yields.

Investors can find the latest updates and news about Farmland Partners Inc. on various platforms, including StockTitan, ensuring they stay informed about the company's performance and developments.

News

Farmland Partners Inc. Announces Date for First Quarter 2024 Earnings Release and Conference Call

Rhea-AI Summary
Farmland Partners Inc. (NYSE: FPI) has announced the date for its First Quarter 2024 Earnings Release and Conference Call. The financial results for the quarter ended March 31, 2024, will be released after 5 p.m. (Eastern Time) on Tuesday, April 30, 2024. A conference call will be held on Wednesday, May 1, 2024, at 11:00 a.m. (Eastern Time) to discuss the results and provide a company update, accessible via phone and webcast.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.74%
Tags
earnings
-
News

Farmland Partners Inc. Reports Full Year 2023 Results

Rhea-AI Summary
Farmland Partners Inc. (NYSE: FPI) reported financial results for the year ended December 31, 2023, with net income of $31.7 million and AFFO of $8.1 million. The company completed nearly $200 million of asset sales, repurchased shares, decreased indebtedness, and declared a special dividend. CEO Luca Fabbri highlighted the strength of farmland investments and plans for 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.76%
Tags
earnings
-
News

Farmland Partners Inc. Announces Date for Fourth Quarter and Fiscal Year 2023 Earnings Release and Conference Call

Rhea-AI Summary
Farmland Partners Inc. (FPI) will release its financial results for Q4 and year-end 2023 on February 28, 2024. A conference call is scheduled for February 29, 2024, to discuss the results and provide company updates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.09%
Tags
earnings
News

MWA Nearly Doubles its Farmland Management Portfolio, Eclipses 40,000 Acres

Rhea-AI Summary
Murray Wise Associates (MWA) has expanded its farmland management portfolio by adding 19,200 acres in the past four months, totaling over 40,000 acres across 10 states. MWA aims to grow its management business, offering services like negotiating leases, farm maintenance, financial planning, and commodity marketing. The company sees this expansion as a source of recurring revenue and future opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.34%
Tags
none
-
News

Farmland Partners Announces Tax Treatment of 2023 Distributions

Rhea-AI Summary
Farmland Partners Inc. (NYSE: FPI) announced the tax treatment of its 2023 common stock distributions. The company detailed the dividend treatment, declaration dates, payment dates, and record dates for each distribution. Stockholders received dividends per share, including qualified dividends, capital gains, return of capital, and Section 199A dividends. A special dividend of $0.21 per share was declared in December 2023, with $0.17 per share considered a distribution made in 2023 for federal income tax purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.91%
Tags
none
-
News

Farmland Partners Announces Change to its Board of Directors

Rhea-AI Summary
Farmland Partners Inc. (NYSE: FPI) announced the resignation of Murray Wise, founder of FPI subsidiary Murray Wise Associates LLC, from the Company's Board of Directors effective January 1, 2024. Wise is a trailblazer in the farmland investment arena with over 40 years of experience. FPI's Executive Chairman, Paul Pittman, expressed gratitude for Wise's contributions and wished him well in his planned retirement. Wise founded the Westchester Group in 1986, which has grown to become the world's largest institutional farmland asset manager. FPI acquired MWA in November 2021, at which time Wise joined the Company's Board of Directors.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.6%
Tags
management
News

Colorado Greenhouse and Ranch Go to Market in Ag-Sector Real Estate Sale

Rhea-AI Summary
A&G Real Estate Partners and Murray Wise Associates LLC are accepting sealed-bid offers for Spring Born's fully automated, water-saving, high-production facility and 254-acre ranch near Silt and I-70. The deadline for letters of intent is February 9. The facility has a hydroponic growing system, producing up to 10,000 retail units per day of pesticide- and ammonia-free leafy greens and culinary herbs. The ranch site has the right location, water rights, and utility infrastructure to supply grocers across the state and region.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.54%
Tags
none
-
News

Farmland Partners Asset Appreciation Leads to Declaration of $0.21 per Share Special Dividend

Rhea-AI Summary
Farmland Partners Inc. (NYSE: FPI) declared a one-time dividend of $0.21 per share of common stock and Class A Common OP Unit, in addition to the quarterly dividend of $0.06. The special dividend is evidence of the strength of farmland as an investment class and its historically consistent appreciation. It is required for the Company to remain in compliance with U.S. federal income tax rules for real estate investment trusts (REITs).
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends
-
News

MWA Auctions Illinois Farm for $14.9 Million

Rhea-AI Summary
Murray Wise Associates (MWA) recently facilitated the sale of 860 acres of farmland in Illinois for $14.9 million, at a rate of $17,325 per acre. The multi-parcel auction method allowed buyers to bid on individual tracts, resulting in all tracts being sold to one buyer. This sale demonstrates the continued strength of the Illinois farmland market, despite higher interest rates and lower commodity prices. MWA, acquired by Farmland Partners Inc. (NYSE: FPI) in November 2021, is a leading national agricultural real estate auction and brokerage company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.71%
Tags
none
News

Farmland Partners, Ducks Unlimited Complete Land Conservation Project in Virginia

Rhea-AI Summary
Farmland Partners Inc. (NYSE: FPI) completed a three-part conservation transaction with Ducks Unlimited in Virginia, selling approximately 1,268 acres of farmland adjacent to the Great Dismal Swamp National Wildlife Refuge. The final sale consisted of more than 400 acres, providing capital for DU's habitat protection project. FPI's CEO highlighted the profitability for shareholders and the environmental benefits, emphasizing the company's sustainability efforts.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.43%
Tags
none

FAQ

What is the current stock price of Farmland Partners (FPI)?

The current stock price of Farmland Partners (FPI) is $12.41 as of November 20, 2024.

What is the market cap of Farmland Partners (FPI)?

The market cap of Farmland Partners (FPI) is approximately 595.4M.

What does Farmland Partners Inc. do?

Farmland Partners Inc. owns and seeks to acquire high-quality farmland throughout North America, generating revenue primarily from rental income received from tenants and secured loans to farmers.

Where is Farmland Partners Inc.'s farmland located?

As of March 28, 2016, Farmland Partners' properties are located in Arkansas, Colorado, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, Texas, and Virginia.

What types of crops are grown on Farmland Partners Inc.'s properties?

The company's portfolio includes land used for growing primary crops like corn, soybeans, wheat, rice, and cotton, as well as specialty crops such as almonds, citrus, blueberries, and vegetables.

How does Farmland Partners Inc. generate revenue?

Farmland Partners Inc. generates revenue through rental income received from tenants who lease its farmland properties and through loans to farmers secured by farm real estate.

What is the significance of Farmland Partners Inc.'s management team?

Farmland Partners Inc. was founded by farmers, and its management team has extensive hands-on farm operations experience, which helps in aligning with top quality operators and building a diverse portfolio of agricultural assets.

Does Farmland Partners Inc. support sustainable farming practices?

Yes, Farmland Partners Inc. supports sustainable farming practices, including innovative agricultural operations like hydroponic growing systems that conserve water and improve crop yields.

When did Farmland Partners Inc. acquire Murray Wise Associates LLC?

Farmland Partners Inc. acquired Murray Wise Associates LLC, a leading national agricultural real estate auction and brokerage company, in November 2021.

What is the company's strategy for achieving risk-adjusted returns?

Farmland Partners Inc.'s strategy includes diversifying its portfolio across various crops and regions, generating stable rental income, and leveraging potential value appreciation of its farmland assets.

How can investors stay updated about Farmland Partners Inc.?

Investors can find the latest updates and news about Farmland Partners Inc. on various platforms, including StockTitan, to stay informed about the company's performance and developments.

What is the primary goal of Farmland Partners Inc.?

One of Farmland Partners Inc.'s primary goals is to align with top quality operators across the United States to build a diverse portfolio of agricultural assets, providing an attractive risk-adjusted return over time.

Stock FPI logo
Farmland Partners Inc.

NYSE:FPI

FPI Rankings

#2953 Ranked by Market Cap
#1409 Ranked by Dividends

FPI Stock Data

595.41M
43.31M
10.04%
60.73%
7.08%
REIT - Specialty
Real Estate Investment Trusts
Link
United States of America
DENVER