Farmland Partners

Farmland Partners, Inc. operates as a real estate investment trust. the firm engages in the management and acquisition of farmland and land with agricultural development potential. Its property portfolio focuses on the primary crops, such as corn, soybeans, wheat, rice and cotton and the remaining land is used to grow specialty crops, such as almond, citrus, blueberries, vegetables and edible beans. The company was founded on September 27, 2013 and is headquartered in Denver, CO.

Earnings data Q1 2021

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Earnings data Q4 2024

Farmland Partners excels in 2022 but faces challenges in specialty crops

Farmland Partners navigated a successful year in 2022 with strong financial performance and rent renewals. However, challenges like increased interest costs and drought effects on specialty crops pose concerns for the company's outlook. Evaluating specialty crop strategies and mitigating volatility are key focus areas for future growth.

Farmland Partners reports robust Q1 performance amidst market challenges

Farmland Partners (FPI) showcased strong financial performance and a strategic approach to enhancing shareholder value in Q1 2023.
The company's emphasis on farmland asset value, debt reduction, and stock buybacks reflects a proactive and investor-friendly strategy.
Despite challenges like weather risks and debt priorities, Farmland Partners remains resilient and poised to capitalize on market opportunities.

Farmland Partners boosts earnings through strategic asset sales and debt reduction

Farmland Partners delivered a strong performance in Q2 2023, with increased net income and earnings per share driven by strategic asset sales and debt reduction.
The company's focus on enhancing shareholder value through stock buybacks, debt reduction, and portfolio concentration positions it well for future growth and stability.
While facing challenges such as slowing transaction volumes, Farmland Partners has opportunities to optimize its portfolio, capitalize on market conditions, and drive value creation.
Management's proactive stance and diverse buyer base signal resilience and adaptability in navigating the evolving farm economy landscape for sustained success.

Farmland Partners (FPI) reports robust Q3 performance and growth opportunities

Farmland Partners (FPI) delivered a solid performance in Q3 2023, driven by property sales, share repurchases, and lease renewal growth.
The company's strengths in debt reduction, strategic asset sales, and exposure to renewable energy demand position it well for future growth.
While facing challenges related to specific crop types and capital allocation, Farmland Partners (FPI) has opportunities to capitalize on property sales, renewable energy demand, and shareholder value enhancement.

Farmland Partners (FPI) reports robust Q4 performance and growth opportunities

Farmland Partners (FPI) showcased strong financial performance and strategic initiatives in Q4 2023, focusing on cost-cutting, asset sales, and debt reduction.
The company faces challenges such as borrowing costs, asset sale limitations, and rent variability, but opportunities exist in regional focus, cost-cutting, and rent increases.
Investors are encouraged to consider Farmland Partners (FPI) for its undervaluation, asset sale strategy, and potential for growth through stock buybacks and debt reduction.

Farmland Partners reports strong Q1 earnings, eyes acquisitions for growth

Farmland Partners Inc. delivered a strong performance in Q1 2024, emphasizing cost control and strategic adjustments. The company faces challenges in regulatory constraints and cost management but sees opportunities in acquisitions and asset sales. Overall, Farmland Partners remains focused on financial stability and growth amidst market uncertainties.

Farmland Partners (FPI) reports strong Q2 performance and strategic growth plans

Farmland Partners (FPI) had a solid Q2 performance, addressing challenges in the farm economy and West Coast markets. The company is focused on leveraging strengths like rent increases and asset sales while exploring opportunities for growth and revenue diversification.

Farmland Partners (FPI) excels in asset sales, eyes growth opportunities

Farmland Partners (FPI) showcased strong financial metrics, emphasized asset appreciation, and outlined a positive outlook for 2024. Analyst inquiries focused on revenue sources, debt management, and growth strategies, reflecting investor interest in the company's performance and future prospects.

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Farmland Partners, Inc. is an internally managed real estate company. It engages in the business of owning and seeking to acquire high-quality farmland located in agricultural markets. The company was founded by Luca Fabbri on September 27, 2013 and is headquartered in Denver, CO.

DENVER, Dec. 16, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE: FPI) (the "Company") yesterday finalized two farm purchases in eastern Louisiana, totaling more than 8,000 acres. The company now owns four farms and more than 17,000 acres in the state.

Farmland Partners Purchases More Than 8,000 Acres in Louisiana

DENVER, Dec. 7, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE: FPI) (the "Company") today announced that it added more than 1,400 acres of farmland to its portfolio with the purchase of two properties last week. FPI, the country's largest publicly traded farmland REIT by acreage, now owns and/or manages approximately 179,000 acres across 18 states.

Farmland Partners Adds Colorado and California Farms to Portfolio

DENVER, Dec. 6, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE: FPI) (the "Company" or "FPI") today announced the addition of Danny Moore, a decorated U.S. Navy veteran and business executive, to its Board of Directors, effective November 30. During his 24-year Naval career, Mr.

Danny Moore Joins Farmland Partners Board of Directors

DENVER, Nov. 15, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE: FPI) ("FPI") today announced that it has acquired 100% of the equity interests in Murray Wise Associates LLC ("MWA"). The acquisition creates an unparalleled platform for farmland investing, including publicly traded equity, private asset management, individual farm purchases and individual farm management, and increases FPI's total farmland owned and/or managed by approximately 16,700 acres.

Farmland Partners Inc. Announces Acquisition of Murray Wise Associates LLC

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Right now, net lease REITs are stuck below all-time highs and underperforming because we are in a high inflation/rising rates environment. Soon enough, however, we should return to a low inflation/low rates environment, which is ideally suited for net lease REITs.

The Net Lease REIT Report For Q3 2021: Ramping Up Acquisition Volume

DENVER, Nov. 5, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE: FPI) (the "Company") today announced updates on the development of solar projects on certain of its farms in Illinois.  The first project consists of approximately 432 acres, with power production tentatively slated to commence as early as December 2021.

Farmland Partners Inc. Provides Update on Renewable Energy Projects

DENVER, Oct. 28, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE: FPI) (the "Company") today announced that it purchased 815 acres of cropland in Mississippi County, Missouri for a total consideration of $6.5 million. This nearly all tillable property consists of 802 tillable acres that has been precision leveled to 1% grade.

Farmland Partners Inc. Acquires 815 Acres of Missouri Farmland for $6.5 Million

DENVER, Oct. 27, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE: FPI) ("FPI" or the "Company") today reported financial results for the three and nine months ended September 30, 2021. Selected 2021 Highlights During the nine months ended September 30, 2021, the Company: recorded net income of $(3.1) million, $3.8 million excluding litigation-related items1, compared to $1.2 million, $1.9 million excluding litigation related items2, for the same period in 2020; recorded AFFO of $(8.5) million, $(1.6) million excluding litigation-related items1, compared to $(3.2) million, $(2.4) million excluding litigation related items2, for the same period in 2020; completed five acquisitions, for total consideration of $31.0 million; completed seventeen property dispositions, for total consideration of $31.1 million and total gain on sale of $3.4 million; retained property management for ten out of seventeen disposed properties and closed an additional acquisition in the third quarter, growing the asset management business's assets under management to over $50 million; and sold 1,959,512 shares of common stock at an average price of $13.12 for aggregate net proceeds of $25.4 million under the ATM Program.

Farmland Partners Inc. Reports Third Quarter 2021 Results

DENVER, Oct. 25, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE:FPI) (the "Company") today announced it will release its financial results for the quarter ended September 30, 2021 after 5:00 p.m. (Eastern Time) on Wednesday, October 27, 2021, and will host a conference call on Thursday, October 28, 2021 at 11:00 a.m.

Farmland Partners Inc. Announces Third Quarter 2021 Earnings Release and Conference Call

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The conversion brought preferred holders into the common. Given the savings on preferred dividends, it is quite accretive to common shareholders.

Farmland Partners Gets Cheap On Misunderstood Preferred Conversion

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Our High Yield REIT Portfolio Heading Into The 4th Quarter

DENVER, Oct. 11, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE: FPI) ("Farmland Partners" or the "Company") today announced the appointment of Luca Fabbri as President of the Company, effective immediately.  Mr. Fabbri's responsibilities will include portfolio management, new growth initiatives, capital markets and investor relations, and he will continue to report directly to the Chairman and Chief Executive Officer.

Farmland Partners Inc. Appoints Luca Fabbri as President and James Gilligan as Chief Financial Officer

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U.S. equity markets delivered their worst week since February - and worst month since the pandemic began - amid heightened concerns over potential stagflation, supply chain issues, and political dysfunction. Large-cap equities felt the brunt of the pressure this past week as S&P 500 slipped 2.2% while the tech-heavy Nasdaq dipped 3.6%. Mid-Caps declined 0.5% while Small Caps gained 0.9%.

September Slump, October Opportunity

DENVER, Sept. 29, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE:FPI) (the "Company") will host a conference call on Thursday, September 30, 2021 at 12:30 p.m.

Farmland Partners Inc. Announces Investor Update Call

We had previously written positive notes on Farmland Partners Preferred Shares.

Farmland Partners: Conversion

DENVER, Colo., Sept. 28, 2021 /PRNewswire/ -- Farmland Partners Inc. (the "Company") (NYSE: FPI) today announced that it will convert all outstanding shares of its 6.00% Series B participating preferred stock, $0.01 par value per share (NYSE: FPI PR B) (the "Series B Preferred Stock"), into shares of the Company's common stock, $0.01 par value per share (the "Common Stock"), in accordance with the Articles Supplementary designating the terms of the Series B Preferred Stock.

Farmland Partners Announces Conversion of 6.00% Series B Participating Preferred Stock

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DENVER , Sept. 1, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE: FPI) (the "Company") today announced that Promised Land Opportunity Zone Farms I, LLC ("OZ Fund") recently closed a $29 million investment in a high-quality farm in eastern North Carolina.

Farmland Partners Increases Asset Management Portfolio Above $50 Million

CHICAGO, Aug. 31, 2021 /PRNewswire/ -- Promised Land Opportunity Zone Farms I, LLC ("Promised Land") announced today that it purchased 4,528 acres of cropland in eastern North Carolina for $29 million. The investment will stimulate economic activity and labor opportunities in the region.

Promised Land Expands Opportunity Zone Investment in Farmland with $29mm North Carolina Acquisition

DENVER, Aug. 25, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE:FPI) (the "Company") announced today the closing of a $2.1 million loan to a farmer in Michigan under the Company's loan program (the "FPI Loan Program"). The loan is due in 2023 with a loan-to-value ratio of approximately 65%.

FPI Loan Program Closes Loan in Michigan

CHICAGO, Aug. 10, 2021 /PRNewswire/ -- Promised Land Opportunity Zone Farms I, LLC ("Promised Land") announced today that it recently closed a $50 million debt financing with Conterra Agricultural Capital, LLC ("Conterra"). The 10-year financing facility expands Promised Land's ability to stimulate economic development and promote employment across agricultural communities.

Promised Land Opportunity Zone Farms Closes $50 Million Financing

We had touted the preferred shares of this company as a cash-like alternative the last time we covered it. The par value of the issue was tied to the land values and we had provided our estimate for it.

Farmland Partners: Key Developments

DENVER, Aug. 6, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE: FPI) (the "Company") today posted the Cumulative Farmland Value Appreciation ("FVA"), the FVA Factor, and the FVA Amount as updated for 2021, as those terms are defined in the final prospectus for the Company's 6.00% Series B Participating Preferred Stock (NYSE:FPIPRB) ("Series B Preferred Stock"). The FVA Factor and FVA Amount were calculated using data contained in the Land Values 2021 Summary, which was released today by the National Agricultural Statistics Service (NASS), Agricultural Statistics Board, United States Department of Agriculture (USDA).

Farmland Partners Inc. Announces Farmland Value Appreciation Amount for its 6.00% Series B Participating Preferred Stock

Farmland Partners Inc. (FPI) CEO Paul Pittman on Q2 2021 Results - Earnings Call Transcript

News for Farmland Partners Stock (FPI)