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.
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.
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.
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.
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.
Farmland Partners Inc. (NYSE: FPI) has sold approximately 303 acres of farmland in North Carolina to a solar developer for
Farmland Partners Inc. (NYSE: FPI) has acquired a 439-acre farm in Colfax County, Nebraska, for approximately
Farmland Partners Inc. (NYSE: FPI) has announced the acquisition of a 65-acre corn and soybean farm in Edgar County, Illinois, for
Farmland Partners Inc. (NYSE: FPI) has acquired 369 acres of farmland in Rock Island County, Illinois, for $3 million. The property features 346 tillable acres under a three-year cash-rent lease, anticipated to yield a 4% annual return alongside asset appreciation. This acquisition enhances FPI's portfolio, now totaling approximately 5,620 acres in the area, all farmed by a single tenant known for high productivity. FPI is recognized as the largest publicly traded farmland REIT by U.S. acreage, managing about 186,400 acres across 19 states.
Farmland Partners Inc. (NYSE: FPI) has initiated a $3.5 million loan to a Colorado farming family under its FPI Loan Program, with a repayment term of three years and a loan-to-value ratio of approximately 50%. This program aims to provide flexible financing options for farmers who struggle with traditional banking limitations. The company targets loan amounts between $500,000 and $10 million, emphasizing its commitment to support agricultural growth while enhancing shareholder value.
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