Farmland Partners Completes $289 Million Farmland Sale
Farmland Partners Inc. (FPI)
NASDAQ:AMEX Investor Relations:
ir.farmlandpartners.com
Company Research
Source: Business Wire
Transaction Generated Approximate $50 Million Gain Over Net Book Value DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today confirmed that the recently announced sale of a portfolio of farmland to Farmland Reserve, Inc. (“Farmland Reserve”) closed as scheduled on October 16, 2024 (the “Transaction”).The portfolio sold to Farmland Reserve consisted of 46 farms, comprising 41,554 acres of farmland in Arkansas, Florida, Louisiana, Mississippi, Nebraska, Oklahoma, and the Carolinas. The $289 million all-cash Transaction generated a total gain for FPI of approximately $50 million, or approximately 21 percent over the aggregate net book value of the farms within the portfolio.FPI has already used $146.6 million of the proceeds from the Transaction to reduce its debt, and further debt reductions are being considered. In addition, remaining capital may be deployed for stock buybacks, new farmland acquisitions, and other corporate purposes. FPI also exp
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FPI
News
- Farmland Partners Inc. (NYSE: FPI) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- How To Put $100 In Your Retirement Fund Each Month With Farmland Partners [Yahoo! Finance]Yahoo! Finance
- Farmland Partners Inc. (NYSE: FPI) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Farmland Partners Inc. Reports Third Quarter 2024 ResultsBusiness Wire
- Farmland Partners Inc. Announces Date for Third Quarter 2024 Earnings Release and Conference CallBusiness Wire
FPI
Earnings
- 10/30/24 - Beat
FPI
Sec Filings
- 11/12/24 - Form SC
- 11/7/24 - Form SC
- 11/5/24 - Form 4
- FPI's page on the SEC website