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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) 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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Farmland Partners Inc. (NYSE: FPI) announced the acquisition of a 166-acre corn and soybean farm in Bureau County, Illinois, for $2.4 million. The farm features a grain bin with a capacity of 16,000 bushels and is located in a region noted for profitable production. FPI's portfolio now includes 220 farms across the U.S. Corn Belt, totaling 44,700 acres. The company emphasizes its ongoing search for high-quality farmland and highlights the property's favorable soils and market access.

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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.

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Farmland Partners Inc. (NYSE: FPI) reported Q1 2022 results showing a net income of $1.1 million, down from $2.5 million in Q1 2021. However, adjusted funds from operations (AFFO) surged over 200% to $3.0 million compared to $0.9 million in the same quarter last year. The company decreased its debt by $48.4 million and announced a 20% increase in its quarterly dividend to $0.06 per share, effective July 2022. A recent legal victory involved the dismissal of a class action lawsuit, enhancing the company's outlook amidst ongoing challenges in global agriculture due to geopolitical tensions.

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Farmland Partners Inc. (NYSE: FPI) will announce its financial results for Q1 2022 on May 3, 2022, after 5 p.m. Eastern Time. A conference call to discuss these results will occur on May 4, 2022, at 11:00 a.m. Eastern Time. Interested parties can listen live via phone or through the Company's website. Farmland Partners manages approximately 185,000 acres across 19 states and specializes in owning and acquiring high-quality farmland and providing loans to farmers. The Company operates as a REIT for tax purposes since 2014.

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Farmland Partners Inc. (NYSE: FPI) has sold approximately 303 acres of farmland in North Carolina to a solar developer for $4 million, realizing a net gain of nearly $2.3 million, or 132%. The parcel was acquired in 2015 as part of a larger 944-acre farm. The company plans to continue leasing the remaining land to a local farmer. This sale aligns with FPI's strategy to collaborate with renewable energy producers, which includes leasing land for solar and wind projects capable of generating over 110 megawatts of electricity.

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Farmland Partners Inc. (NYSE: FPI) has acquired a 439-acre farm in Colfax County, Nebraska, for approximately $2.6 million. The farm consists of 425 tillable acres, with 350 being pivot irrigated, and is leased back to the seller for one year at a gross capitalization rate of 5.2%. Chairman and CEO Paul Pittman stated this purchase aligns with the company's growth strategy and enhances its property portfolio in Nebraska. U.S. agriculture land has appreciated at a CAGR of about 5.7% since 1970, suggesting potential long-term value increase for the newly acquired property.

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FAQ

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

The current stock price of Farmland Partners (FPI) is $12.43 as of February 21, 2025.

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

The market cap of Farmland Partners (FPI) is approximately 574.6M.

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

574.61M
43.50M
9.65%
60.98%
7.23%
REIT - Specialty
Real Estate Investment Trusts
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United States
DENVER