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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.

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Farmland Partners Inc. (NYSE: FPI) has expanded its asset management portfolio by acquiring an additional 4,488 acres and reinforcing its brokerage operations with the hire of William Hughes as Director of Acquisitions. Hughes brings nearly 25 years of experience in agriculture and real estate, previously leading U.S. Agri-Services Group LLC. FPI now manages nearly 30,000 acres for third parties and owns over 160,000 acres across the U.S. This strategic move aims to enhance FPI's capabilities and growth potential in farmland management.

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Farmland Partners Inc. (NYSE: FPI) highlights the impact of lower corn and soybean yields in the U.S. Midwest, as revealed by Pro Farmer’s Midwest Crop Tour. The company emphasizes the importance of resilience through investments in farmland improvements amid challenging conditions. CEO Paul Pittman notes that the company's diverse portfolio and investment strategies aim to enhance tenant productivity. The USDA forecasts a $36.4 billion increase in total crop receipts for 2022. Rising grain prices are expected to benefit farmland values and farmers' incomes.

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Farmland Partners Inc. (NYSE: FPI) announced the upcoming construction of a solar power project in Clark County, Illinois, spanning six properties and 1,542 acres. The project will enhance rental income, with rents expected to be nearly 50% higher than current farm rates. Construction payments will also exceed this higher rate during the 12-month build. FPI's renewable energy portfolio will grow, already capable of producing over 110 megawatts, sufficient for 20,900 U.S. homes. Energy tenants currently generate nearly $1.5 million annually for FPI.

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Farmland Partners Inc. (NYSE:FPI) announced the acquisition of two farms in Illinois totaling 485 acres. The first, a 286-acre farm in Edgar County, was bought for approximately $4.8 million on July 29, while a 199-acre farm in Fulton County was purchased for about $1.8 million on August 1. These acquisitions allow FPI to expand its farmland portfolio and improve efficiencies for its tenants, driving potential rental income and asset appreciation. The company has acquired 11 farms in 2022, covering 3,056 acres, solidifying its position as the largest publicly traded farmland REIT in the U.S.

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Farmland Partners Inc. (FPI) reported a significant improvement in its financial performance for Q2 2022, achieving net income of $3 million ($0.04 per share), up from a loss of $2.9 million in Q2 2021. Adjusted Funds from Operations (AFFO) also rose to $1.1 million ($0.02 per share), compared to a loss of $3.6 million the previous year. The company reduced its debt by $38.4 million, maintaining strong liquidity with $51.7 million available. Additionally, FPI renewed over one-third of its expiring leases with rent increases over 15% and successfully had a class action lawsuit dismissed, enhancing its operational outlook.

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Farmland Partners Inc. (NYSE: FPI) will release its financial results for Q2 2022 on July 27, 2022, before the U.S. market opens. A conference call is scheduled for the same day at 1:00 p.m. ET to discuss these results and provide updates. The call can be accessed toll-free from the USA at 1-844-200-6205. Farmland Partners owns and manages approximately 185,000 acres across 18 states, focusing on high-quality farmland investments and loans secured by farm real estate.

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Farmland Partners Inc. (NYSE:FPI) has acquired 158 acres of farmland in Hamilton County, Nebraska, for $2 million. This acquisition marks the company's second purchase in the county within the month. The farm will be leased back to the seller and is located near an 838-acre farm purchased on June 1. With this addition, FPI now owns 32 farms across Nebraska, totaling 7,374 acres, solidifying its position as the largest publicly traded farmland REIT by U.S. acreage.

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Farmland Partners Inc. (NYSE: FPI) announced the purchase of 280 acres of farmland in Illinois for $3.4 million. This corn and soybean farm, located in Will County, is the second acquisition in the county this year. Chairman and CEO Paul Pittman stated that the acquisition aligns with FPI's growth strategy, highlighting a strong tenant and a productive location. FPI continues to be the largest publicly traded farmland REIT in the U.S., managing approximately 185,000 acres.

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Farmland Partners Inc. (NYSE: FPI) has successfully completed its seventh farm acquisition of the year, purchasing 838 acres in Nebraska for $11.6 million. This farm, located in Hamilton County, is a turn-key operation featuring irrigation systems and grain storage. With this acquisition, FPI now owns 31 farms in Nebraska, totaling 7,216 acres, solidifying its position as the largest publicly traded farmland REIT in the U.S. The company manages nearly 185,000 acres across 18 states.

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Farmland Partners Inc. (NYSE: FPI) announced two significant transactions: the acquisition of a 78.5-acre row crop farm in Illinois for $685,000, marking its first investment in Will County, and the sale of 1,690 acres of South Dakota farmland for $7.8 million, resulting in a 16% profit. CEO Paul Pittman emphasized the company’s commitment to growth, actively pursuing new acquisitions while supporting existing tenants. Currently, FPI manages approximately 184,000 acres across 18 states, maintaining its position as the largest publicly traded farmland REIT in the U.S.

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FAQ

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

The current stock price of Farmland Partners (FPI) is $12.32 as of December 20, 2024.

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

The market cap of Farmland Partners (FPI) is approximately 582.9M.

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.

Farmland Partners Inc.

NYSE:FPI

FPI Rankings

FPI Stock Data

582.89M
43.31M
10.04%
60.74%
7.29%
REIT - Specialty
Real Estate Investment Trusts
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United States of America
DENVER