Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. As of the date of this release, the Company owns approximately 155,000 acres in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota and Virginia. We have approximately 26 crop types and over 100 tenants. The Company elected to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with the taxable year ended December 31, 2014.
IPO Year: 2014
Exchange: NYSE
Website: farmlandpartners.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/13/2023 | $12.50 | Neutral | B. Riley Securities |
| 1/13/2023 | Neutral → Buy | Janney | |
| 6/21/2022 | $16.00 | Buy | ROTH Capital |
| 10/14/2021 | $14.00 | Buy | Berenberg |
Sealy & Company ("Sealy"), a leading real estate investment and services firm, today announced the retirement of James Cook, Chief Financial Officer (CFO), after 24 years of dedicated service. Mr. Cook will officially retire on June 30, 2025, and the company is pleased to announce that James Gilligan will succeed Mr. Cook as the new CFO, effective June 16, 2025. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250616645317/en/James Gilligan has officially assumed the role of Chief Financial Officer for Sealy & Company. James Gilligan joined the company in April 2025 and brings a robust executive leadership background centered arou
Fiscal Year 2025 Guidance Increased on Both Ends of Range Farmland Partners Inc. (NYSE:FPI) ("FPI" or the "Company") today reported financial results for the quarter ended March 31, 2025. Selected Highlights During the quarter ended March 31, 2025, the Company: recorded net income of $2.1 million, or $0.03 per share available to common stockholders, compared to $1.4 million, or $0.01 per share available to common stockholders for the same period in 2024; recorded AFFO of $2.3 million, or $0.05 per share, compared to $2.8 million, or $0.06 per share, for the same period in 2024; completed acquisitions of five properties for total consideration of $6.5 million; completed two farm d
Farmland Partners Inc. (NYSE:FPI) (the "Company") today announced it will release its financial results for the quarter ended March 31, 2025, after 5 p.m. (Eastern Time) on Wednesday, May 7, 2025, and will host a conference call the following day, Thursday, May 8, 2025, at 11:00 a.m. (Eastern Time) to discuss the financial results and provide a company update. The call can be accessed live over the phone by dialing 1-800-715-9871 and using the conference ID 4868033. The conference call will also be available via a live listen-only webcast and can be accessed through the Investor Relations section of the Company's website, www.farmlandpartners.com. A replay of the conference call will be
Significant Reduction in Leverage and over 80% increase in AFFO per Share Year over Year Farmland Partners Inc. (NYSE:FPI) ("FPI" or the "Company") today reported financial results for the year ended December 31, 2024. Selected Highlights During the year ended December 31, 2024, the Company: recorded net income of $61.5 million, or $1.19 per share available to common stockholders, compared to $31.7 million, or $0.55 per share available to common stockholders for the same period in 2023; recorded AFFO of $14.1 million, or $0.29 per share, compared to $8.1 million, or $0.16 per share, for the same period in 2023; completed 54 farm dispositions for $312.0 million in aggregate consider
Farmland Partners Inc. (NYSE:FPI) (the "Company") today announced it will release its financial results for the fourth quarter and year ended December 31, 2024, after 5 p.m. (Eastern Time) on Wednesday, February 19, 2025, and will host a conference call the following day, Thursday, February 20, 2025, at 11:00 a.m. (Eastern Time) to discuss the financial results and provide a company update. The call can be accessed live over the phone by dialing 1-800-715-9871 and using the conference ID 4868033. The conference call will also be available via a live listen-only webcast and can be accessed through the Investor Relations section of the Company's website, www.farmlandpartners.com. A repl
Addresses Sale Speculation Modiv Industrial, Inc. ("Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, today announced its latest independent, third-party appraisal of its assets resulting in an updated Net Asset Value ("NAV") of $24.11 per share as of December 31, 2024. The following is a statement from Aaron Halfacre, CEO of Modiv Industrial: "This year we engaged Cushman & Wakefield to conduct an appraisal of our 43 properties and to value our three fixed rate mortgages. Their estimates of value were then used to calculate our net asset value (NAV) per share as delineated in the table further b
Farmland Partners Inc. (NYSE:FPI) (the "Company" or "FPI") today announced the tax treatment of our 2024 common stock distributions, as summarized in the following table. Farmland Partners Inc. CUSIP: 31154R109 EIN: 46-3769850 Farmland Partners Inc. 2024 Dividend Treatment Common Stock Dividends Capital Gains DeclarationDate Payment Date Record Date DistributionPer Share DistributionPer Share Allocable to2024 TaxableOrdinary(Box 1a) Qualified (Box 1b)(1) Total(Box 2a) Unrecaptured Section 1250 (Box 2b) Return of Capital(Box 3)(2) Section 199A(Box 5)(1) 12/12/2023 1/12/2024 12/29/2023
Farmland Partners Inc. (NYSE:FPI) (the "Company" or "FPI") today announced that its Board of Directors has declared a one-time dividend of $1.15 per share of common stock and Class A Common OP Unit, payable in cash on January 8, 2025 to shareholders of record on December 23, 2024. The announcement comes at the end of a year that saw the Company sell farmland and related assets for consideration totaling approximately $308 million, generating a total gain for FPI of approximately $51 million, or approximately 20 percent over the aggregate net book value. "This year has been good for FPI," said Luca Fabbri, FPI's President and CEO. "The Company achieved sizeable profits on dispositions, t
Significantly Reduces Debt, Increases 2024 Earnings Guidance, And Projects Special Dividend Of At Least $1.00 Farmland Partners Inc. (NYSE:FPI) ("FPI" or the "Company") today reported financial results for the quarter ended September 30, 2024. Selected Highlights During the quarter ended September 30, 2024, the Company: recorded net income of $1.8 million, or $0.02 per share available to common stockholders, compared to $4.3 million (which included $10.3 million of gain on disposition of assets, net), or $0.07 per share available to common stockholders for the same period in 2023; recorded AFFO of $1.4 million, or $0.03 per share, compared to ($0.5) million, or ($0.01) per share, for
Farmland Partners Inc. (NYSE:FPI) (the "Company") today announced it will release its financial results for the quarter ended September 30, 2024, after 5 p.m. (Eastern Time) on Wednesday, October 30, 2024, and will host a conference call the following day, Thursday, October 31, 2024, at 11:00 a.m. (Eastern Time) to discuss the financial results and provide a company update. The call can be accessed live over the phone by dialing 1-800-715-9871 and using the conference ID 4868033. The conference call will also be available via a live listen-only webcast and can be accessed through the Investor Relations section of the Company's website, www.farmlandpartners.com. A replay of the conference