Farmland Partners Inc Stock Price, News & Analysis

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 $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.

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.

Farmland Partners Inc. (NYSE: FPI) has announced the acquisition of a 65-acre corn and soybean farm in Edgar County, Illinois, for $910,000, which will be leased back to the seller for the remainder of the year. This acquisition expands FPI's portfolio to approximately 1,180 acres in the area. In March, FPI also purchased a 369-acre farm in Rock Island County, increasing its holdings to 187 farms across Illinois, covering 38,212 acres. CEO Paul Pittman expressed optimism about future acquisitions and the income potential of the new property.

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.

Farmland Partners Inc. (NYSE: FPI) reported a successful 2021, highlighting a 12% increase in Q4 total operating revenue, reaching $20.0 million. Net income grew to $13.2 million and Adjusted Funds from Operations (AFFO) surged 78% to $8.9 million compared to 2020. The company also converted $120.5 million in preferred stock to common stock, enhancing cash flow. FPI completed 12 property acquisitions totaling $81.2 million and achieved a $9.3 million gain from property disposals. The company declared a quarterly dividend of $0.05 per share.

Farmland Partners Inc. (NYSE: FPI) announced it will release its financial results for the fourth quarter and fiscal year ended December 31, 2021, on February 22, 2022, after 5 p.m. Eastern Time. The company will hold a conference call on February 23, 2022, at 11:00 a.m. Eastern Time to discuss these results. The call can be accessed via a toll-free phone number or through a live webcast on the company's website. Farmland Partners owns and manages approximately 186,000 acres across 19 states and has been taxed as a real estate investment trust since 2014.