Farmland Partners Completes $289 Million Farmland Sale [Yahoo! Finance]
Farmland Partners Inc. (FPI)
NASDAQ:AMEX Investor Relations:
ir.farmlandpartners.com
Company Research
Source: Yahoo! Finance
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 expects that the proceeds from the Transaction will put FPI in a position to make a significant special dividend to its stockholders at the end of the year. About Farmland Partners Inc. Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans
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FPI
News
- Fed Ahead [Seeking Alpha]Seeking Alpha
- Farmland Partners Declares $1.15 per Share Special Dividend After Strong YearBusiness Wire
- 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
FPI
Earnings
- 10/30/24 - Beat
FPI
Sec Filings
- 12/20/24 - Form 4
- 11/12/24 - Form SC
- 11/7/24 - Form SC
- FPI's page on the SEC website