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) maintains North America's premier agricultural real estate portfolio, combining farmland ownership with strategic operational expertise. This news hub delivers verified updates about FPI's land acquisitions, crop diversification strategies, and financial performance.
Investors and industry stakeholders will find timely reports on quarterly earnings, farmland portfolio expansions, and tenant partnership developments. Our curated collection includes official press releases about lease agreements, sustainability initiatives, and management insights directly from FPI's farmer-founded leadership team.
Key updates cover operational milestones across FPI's 400,000+ acre portfolio, including specialty crop innovations in almonds and citrus, alongside traditional row crop performance. Track the company's unique position at the intersection of agriculture and real estate through verified reports on rental income stability and geographic diversification strategies.
Bookmark this page for direct access to FPI's latest SEC filings, investor communications, and market analyses. Regularly updated content ensures informed decision-making about this NYSE-listed farmland REIT's evolving position in the agricultural real estate sector.
Farmland Partners Inc. (NYSE: FPI) announced the sale of 862 acres of farmland in White County, Arkansas, for $3.7 million, representing a 24% gain over its net book value. The buyer is a local farmer planning to cultivate cotton. FPI retains all solar energy option payments and a 30% share in future revenue from a renewable energy project associated with the land. Following this transaction, FPI owns nearly 12,000 acres in Arkansas and approximately 195,000 acres across 19 states. The company continues seeking prime farmland opportunities while managing financial performance for its shareholders.
Farmland Partners Inc. (NYSE: FPI) announced the appointment of Jennifer Grafton to its Board of Directors, effective March 16, 2023. Grafton brings extensive legal expertise and executive leadership experience, currently serving as Executive Vice President and General Counsel at E2open Parent Holdings, Inc. She has a strong background in corporate governance, ESG, and risk management. Grafton expressed enthusiasm for contributing to the Company’s continued success following a strong performance in 2022. Farmland Partners manages approximately 196,100 acres across 19 states and is positioned as a significant player in the North American farmland sector.
Farmland Partners Inc. announced the elevation of Luca Fabbri as CEO, succeeding Paul Pittman, who will continue as Executive Chairman. This transition is part of a previously approved succession plan. Fabbri co-founded FPI and has been with the company since its inception, previously serving as CFO and President. He holds degrees from the University of Naples and MIT.
FPI manages approximately 196,100 acres across 19 states and operates as a REIT. The company aims to leverage its deep understanding of agriculture as it moves forward under Fabbri's leadership.
Farmland Partners Inc. (NYSE: FPI) reported record financial results for 2022, achieving a net income of $12.0 million ($0.16 per share) compared to $10.3 million for 2021. The company posted Adjusted Funds from Operations (AFFO) of $15.8 million ($0.30 per share), a significant increase from $0.4 million in 2021. FPI reduced its total debt by $73.9 million to $439.5 million and increased liquidity to $176.7 million. The company renewed 95% of its row crop fixed farm rent leases with a 16% average increase. While facing challenges in specialty crops and rising interest costs, FPI remains positive about the farm economy and its business outlook.
FAQ
What is the current stock price of Farmland Partners (FPI)?
What is the market cap of Farmland Partners (FPI)?
