Welcome to our dedicated page for Farmland Partners news (Ticker: $FPI), a resource for investors and traders seeking the latest updates and insights on Farmland Partners stock.
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.
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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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-1.43%
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MWA - Murray Wise Associates Helps Client Sell 980 Acres of Farmland in Greene County, Iowa for $12.24M. The auction yielded an average of nearly $12,500 per acre, with some tracts selling for over $14,300. The strong prices illustrate the resilience of the farmland market despite headwinds of higher interest rates and lower commodity prices. MWA is a leading national agricultural real estate auction and brokerage company, acquired by FPI Agribusiness Inc. in November 2021.
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1.47%
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Farmland Partners Inc. (NYSE: FPI) announces an update to its expected special dividend due to significant gains from asset sales in 2023. The special dividend is expected to be between $0.20 and $0.38 per share, in addition to the quarterly dividend of $0.06 per share declared earlier. The dividend will be officially declared in December, with a payment date in January 2024.
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0.55%
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Farmland Partners Inc. reports strong financial results for Q3 2023, with net income of $4.3 million and completion of farm dispositions for $71.1 million. The company plans to sell up to $65 million of additional farmland and has two acquisition transactions under advanced negotiations for $16.1 million. CEO highlights stability of US agriculture industry and strong lease renewals.
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0.58%
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Farmland Partners Inc. to release financial results for Q3 2023
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1.08%
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Farmland Partners Inc. finalizes transactions, selling over 13,500 acres and purchasing a 1,523-acre farm in Louisiana.
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1.15%
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Farmland Partners Inc. releases ESG report highlighting tenants' commitment to land stewardship and sustainability initiatives.
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0.1%
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Farmland Partners Inc. provides business updates on recent storms, lease renewals, and updated disposition expectations. No significant damage from storms. Lease renewals: 14% of total revenue, with an average increase of more than 15% in rental rates. Identified transactions increased to approximately $190 million. Lease renewals and increased transactions contribute to potential revenue growth.
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-2.9%
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Farmland values in the US have reached record levels, increasing by 7.4% over the past year, according to the USDA. Cropland values also grew by 8.1% since 2022. The Federal Reserve Bank of Chicago reported a 9% rise in farmland values in its district, while the Federal Reserve Bank of Kansas City noted a 7% increase in nonirrigated cropland values. Farmland Partners Inc. CEO remains bullish on the asset class, citing appreciation and historical reliability. Farmland investment returns typically grow by roughly 6% annually.
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Farmland Partners Inc. (NYSE: FPI) reported strong financial results for the second quarter of 2023, demonstrating significant value appreciation through asset sales. The company recorded a net income of $7.9 million, completed 17 farm dispositions for $44.4 million, repurchased 4,136,946 shares of its common stock, and has identified transactions totaling up to approximately $135 million year-to-date. CEO Luca Fabbri emphasized the company's investment strategy centered on farmland appreciation and highlighted plans for additional farm sales in the second half of 2023. Despite lower-than-expected transaction volumes and higher interest expenses, FPI remains optimistic about the U.S. farm economy's strength.
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-11.5%
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Farmland Partners Inc.
NYSE:FPI
FPI Rankings
FPI Stock Data
539.82M
43.08M
9.98%
58.78%
6.14%
Other Financial Vehicles
Finance and Insurance
United States of America
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