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Farmland Partners Inc - FPI STOCK NEWS

Welcome to our dedicated news page for Farmland Partners (Ticker: FPI), a resource for investors and traders seeking the latest updates and insights on Farmland Partners.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Farmland Partners's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Farmland Partners's position in the market.

News
Farmland Partners Inc. Announces Date for First Quarter 2024 Earnings Release and Conference Call
Rhea-AI Summary
Farmland Partners Inc. (NYSE: FPI) has announced the date for its First Quarter 2024 Earnings Release and Conference Call. The financial results for the quarter ended March 31, 2024, will be released after 5 p.m. (Eastern Time) on Tuesday, April 30, 2024. A conference call will be held on Wednesday, May 1, 2024, at 11:00 a.m. (Eastern Time) to discuss the results and provide a company update, accessible via phone and webcast.
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Farmland Partners Inc. Reports Full Year 2023 Results
Rhea-AI Summary
Farmland Partners Inc. (NYSE: FPI) reported financial results for the year ended December 31, 2023, with net income of $31.7 million and AFFO of $8.1 million. The company completed nearly $200 million of asset sales, repurchased shares, decreased indebtedness, and declared a special dividend. CEO Luca Fabbri highlighted the strength of farmland investments and plans for 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.76%
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earnings
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Farmland Partners Inc. Announces Date for Fourth Quarter and Fiscal Year 2023 Earnings Release and Conference Call
Rhea-AI Summary
Farmland Partners Inc. (FPI) will release its financial results for Q4 and year-end 2023 on February 28, 2024. A conference call is scheduled for February 29, 2024, to discuss the results and provide company updates.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.09%
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earnings
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MWA Nearly Doubles its Farmland Management Portfolio, Eclipses 40,000 Acres
Rhea-AI Summary
Murray Wise Associates (MWA) has expanded its farmland management portfolio by adding 19,200 acres in the past four months, totaling over 40,000 acres across 10 states. MWA aims to grow its management business, offering services like negotiating leases, farm maintenance, financial planning, and commodity marketing. The company sees this expansion as a source of recurring revenue and future opportunities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.34%
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Farmland Partners Announces Tax Treatment of 2023 Distributions
Rhea-AI Summary
Farmland Partners Inc. (NYSE: FPI) announced the tax treatment of its 2023 common stock distributions. The company detailed the dividend treatment, declaration dates, payment dates, and record dates for each distribution. Stockholders received dividends per share, including qualified dividends, capital gains, return of capital, and Section 199A dividends. A special dividend of $0.21 per share was declared in December 2023, with $0.17 per share considered a distribution made in 2023 for federal income tax purposes.
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Rhea-AI Sentiment
End-of-Day
0.91%
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Farmland Partners Announces Change to its Board of Directors
Rhea-AI Summary
Farmland Partners Inc. (NYSE: FPI) announced the resignation of Murray Wise, founder of FPI subsidiary Murray Wise Associates LLC, from the Company's Board of Directors effective January 1, 2024. Wise is a trailblazer in the farmland investment arena with over 40 years of experience. FPI's Executive Chairman, Paul Pittman, expressed gratitude for Wise's contributions and wished him well in his planned retirement. Wise founded the Westchester Group in 1986, which has grown to become the world's largest institutional farmland asset manager. FPI acquired MWA in November 2021, at which time Wise joined the Company's Board of Directors.
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Colorado Greenhouse and Ranch Go to Market in Ag-Sector Real Estate Sale
Rhea-AI Summary
A&G Real Estate Partners and Murray Wise Associates LLC are accepting sealed-bid offers for Spring Born's fully automated, water-saving, high-production facility and 254-acre ranch near Silt and I-70. The deadline for letters of intent is February 9. The facility has a hydroponic growing system, producing up to 10,000 retail units per day of pesticide- and ammonia-free leafy greens and culinary herbs. The ranch site has the right location, water rights, and utility infrastructure to supply grocers across the state and region.
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-0.54%
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Farmland Partners Asset Appreciation Leads to Declaration of $0.21 per Share Special Dividend
Rhea-AI Summary
Farmland Partners Inc. (NYSE: FPI) declared a one-time dividend of $0.21 per share of common stock and Class A Common OP Unit, in addition to the quarterly dividend of $0.06. The special dividend is evidence of the strength of farmland as an investment class and its historically consistent appreciation. It is required for the Company to remain in compliance with U.S. federal income tax rules for real estate investment trusts (REITs).
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MWA Auctions Illinois Farm for $14.9 Million
Rhea-AI Summary
Murray Wise Associates (MWA) recently facilitated the sale of 860 acres of farmland in Illinois for $14.9 million, at a rate of $17,325 per acre. The multi-parcel auction method allowed buyers to bid on individual tracts, resulting in all tracts being sold to one buyer. This sale demonstrates the continued strength of the Illinois farmland market, despite higher interest rates and lower commodity prices. MWA, acquired by Farmland Partners Inc. (NYSE: FPI) in November 2021, is a leading national agricultural real estate auction and brokerage company.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.71%
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Farmland Partners, Ducks Unlimited Complete Land Conservation Project in Virginia
Rhea-AI Summary
Farmland Partners Inc. (NYSE: FPI) completed a three-part conservation transaction with Ducks Unlimited in Virginia, selling approximately 1,268 acres of farmland adjacent to the Great Dismal Swamp National Wildlife Refuge. The final sale consisted of more than 400 acres, providing capital for DU's habitat protection project. FPI's CEO highlighted the profitability for shareholders and the environmental benefits, emphasizing the company's sustainability efforts.
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Rhea-AI Sentiment
End-of-Day
-1.43%
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Stock FPI logo
Farmland Partners Inc

NYSE:FPI

FPI Rankings

#2928 Ranked by Market Cap
#3640 Ranked by Stock Gains
#1344 Ranked by Dividends

FPI Stock Data

518.27M
43.08M
9.98%
58.78%
6.14%
Other Financial Vehicles
Finance and Insurance
Link
US
Denver

About FPI

farmland partners inc. (nyse: fpi) 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. fpi was founded by farmers, and the management team has years of hands-on farm operations experience. one of fpi’s primary goals is to align with top quality operators in various parts of the united states in an effort to build a diverse portfolio of agricultural assets across the spectrum of crops. this diversification, combined with stable rental income generation and potential value appreciation, provides an attractive risk-adjusted return over time. as of march 28, 2016, the company's portfolio is comprised of 258 farms with an aggregate of 108,163 acres (including four farms totaling 8,511 acres under contract) in arkansas, colorado, georgia, illinois, kansas, louisiana, michigan, mississippi, nebraska, north carolina, south carolina, texas and virginia. this land is currently bei