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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

MWA Completes $12.2 Million Farmland Sale, Showing Strength of Iowa Market

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MWA - Murray Wise Associates Helps Client Sell 980 Acres of Farmland in Greene County, Iowa for $12.24M. The auction yielded an average of nearly $12,500 per acre, with some tracts selling for over $14,300. The strong prices illustrate the resilience of the farmland market despite headwinds of higher interest rates and lower commodity prices. MWA is a leading national agricultural real estate auction and brokerage company, acquired by FPI Agribusiness Inc. in November 2021.
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Farmland Partners Asset Appreciation Leads to Expected Special Distribution of Between $0.20 and $0.38 per Share

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Farmland Partners Inc. (NYSE: FPI) announces an update to its expected special dividend due to significant gains from asset sales in 2023. The special dividend is expected to be between $0.20 and $0.38 per share, in addition to the quarterly dividend of $0.06 per share declared earlier. The dividend will be officially declared in December, with a payment date in January 2024.
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Farmland Partners Inc. Reports Third Quarter 2023 Results

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Farmland Partners Inc. reports strong financial results for Q3 2023, with net income of $4.3 million and completion of farm dispositions for $71.1 million. The company plans to sell up to $65 million of additional farmland and has two acquisition transactions under advanced negotiations for $16.1 million. CEO highlights stability of US agriculture industry and strong lease renewals.
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Farmland Partners Inc. Announces Date for Third Quarter 2023 Earnings Release and Conference Call

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Farmland Partners Inc. to release financial results for Q3 2023
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Farmland Partners Announces Several Asset Dispositions at a 17% Gain, and a Farm Acquisition

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Farmland Partners Inc. finalizes transactions, selling over 13,500 acres and purchasing a 1,523-acre farm in Louisiana.
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Farmland Partners Releases First Sustainability Report

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Farmland Partners Inc. releases ESG report highlighting tenants' commitment to land stewardship and sustainability initiatives.
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FPI Provides Update on Recent Storms (No Significant Damage), Strong Lease Renewals, and Increased Sale Transactions for 2023

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Farmland Partners Inc. provides business updates on recent storms, lease renewals, and updated disposition expectations. No significant damage from storms. Lease renewals: 14% of total revenue, with an average increase of more than 15% in rental rates. Identified transactions increased to approximately $190 million. Lease renewals and increased transactions contribute to potential revenue growth.
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FPI Comments on New Farmland Value Studies

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Farmland values in the US have reached record levels, increasing by 7.4% over the past year, according to the USDA. Cropland values also grew by 8.1% since 2022. The Federal Reserve Bank of Chicago reported a 9% rise in farmland values in its district, while the Federal Reserve Bank of Kansas City noted a 7% increase in nonirrigated cropland values. Farmland Partners Inc. CEO remains bullish on the asset class, citing appreciation and historical reliability. Farmland investment returns typically grow by roughly 6% annually.
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Farmland Partners Inc. Reports Second Quarter 2023 Results

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Farmland Partners Inc. (NYSE: FPI) reported strong financial results for the second quarter of 2023, demonstrating significant value appreciation through asset sales. The company recorded a net income of $7.9 million, completed 17 farm dispositions for $44.4 million, repurchased 4,136,946 shares of its common stock, and has identified transactions totaling up to approximately $135 million year-to-date. CEO Luca Fabbri emphasized the company's investment strategy centered on farmland appreciation and highlighted plans for additional farm sales in the second half of 2023. Despite lower-than-expected transaction volumes and higher interest expenses, FPI remains optimistic about the U.S. farm economy's strength.
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Farmland Partners Inc. Announces Date for Second Quarter 2023 Earnings Release and Conference Call

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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.

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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
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United States of America
DENVER