Farmland Partners to Sell $289 Million of Farmland to Farmland Reserve, Inc. [Yahoo! Finance]
Farmland Partners Inc. (FPI)
NASDAQ:AMEX Investor Relations:
ir.farmlandpartners.com
Company Research
Source: Yahoo! Finance
The Portfolio includes farms across several regions and states, including Arkansas, Florida, Louisiana, Mississippi, Nebraska, Oklahoma, and the Carolinas. The Transaction does not include any of the Company's Illinois farmland, which is among the most valuable land it owns. FPI's total gain on sale will be approximately $50 million, or approximately 21 percent over the aggregate net book value of the farms comprising the Portfolio. In 2023, FPI also sold approximately $200 million of assets at a gain in excess of 20 percent. Luca Fabbri, FPI's President and CEO said of the sale: "Farmland is a ‘total return' investment, with asset appreciation typically accounting for a majority of the overall return on invested capital. We have consistently advised shareholders that our company is undervalued due to lack of recognition by the market of the appreciation in our asset base. As we did last year, we have once again proven our total return thesis and highlighted the unrealized intrinsi
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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
- Farmland Partners Inc. Reports Third Quarter 2024 ResultsBusiness Wire
- Farmland Partners Inc. Announces Date for Third Quarter 2024 Earnings Release and Conference CallBusiness Wire
- Farmland Partners Completes $289 Million Farmland Sale [Yahoo! Finance]Yahoo! Finance
- Farmland Partners Completes $289 Million Farmland SaleBusiness Wire
FPI
Earnings
- 10/30/24 - Beat
FPI
Sec Filings
- 11/5/24 - Form 4
- 10/31/24 - Form 10-Q
- 10/30/24 - Form 8-K
- FPI's page on the SEC website