Farmland Partners Inc Stock Price, News & Analysis

Farmland Partners Inc. (NYSE:FPI) has acquired 158 acres of farmland in Hamilton County, Nebraska, for $2 million. This acquisition marks the company's second purchase in the county within the month. The farm will be leased back to the seller and is located near an 838-acre farm purchased on June 1. With this addition, FPI now owns 32 farms across Nebraska, totaling 7,374 acres, solidifying its position as the largest publicly traded farmland REIT by U.S. acreage.

Farmland Partners Inc. (NYSE: FPI) announced the purchase of 280 acres of farmland in Illinois for $3.4 million. This corn and soybean farm, located in Will County, is the second acquisition in the county this year. Chairman and CEO Paul Pittman stated that the acquisition aligns with FPI's growth strategy, highlighting a strong tenant and a productive location. FPI continues to be the largest publicly traded farmland REIT in the U.S., managing approximately 185,000 acres.

Farmland Partners Inc. (NYSE: FPI) has successfully completed its seventh farm acquisition of the year, purchasing 838 acres in Nebraska for $11.6 million. This farm, located in Hamilton County, is a turn-key operation featuring irrigation systems and grain storage. With this acquisition, FPI now owns 31 farms in Nebraska, totaling 7,216 acres, solidifying its position as the largest publicly traded farmland REIT in the U.S. The company manages nearly 185,000 acres across 18 states.

Farmland Partners Inc. (NYSE: FPI) announced two significant transactions: the acquisition of a 78.5-acre row crop farm in Illinois for $685,000, marking its first investment in Will County, and the sale of 1,690 acres of South Dakota farmland for $7.8 million, resulting in a 16% profit. CEO Paul Pittman emphasized the company’s commitment to growth, actively pursuing new acquisitions while supporting existing tenants. Currently, FPI manages approximately 184,000 acres across 18 states, maintaining its position as the largest publicly traded farmland REIT in the U.S.

Farmland Partners Inc. (NYSE: FPI) announced the acquisition of a 166-acre corn and soybean farm in Bureau County, Illinois, for $2.4 million. The farm features a grain bin with a capacity of 16,000 bushels and is located in a region noted for profitable production. FPI's portfolio now includes 220 farms across the U.S. Corn Belt, totaling 44,700 acres. The company emphasizes its ongoing search for high-quality farmland and highlights the property's favorable soils and market access.

Farmland Partners Inc. (NYSE: FPI) announced its inclusion in the MSCI US REIT Index (RMZ) effective May 31, 2022. This index is widely used to measure the performance of equity REITs. Chairman and CEO Paul Pittman emphasized that this milestone highlights the company's growth strategy and aims to enhance visibility among investors, potentially attracting additional capital.

As of now, Farmland Partners owns or manages about 185,000 acres across 19 states, focusing on high-quality farmland and loans secured by real estate.

Farmland Partners Inc. (NYSE: FPI) reported Q1 2022 results showing a net income of $1.1 million, down from $2.5 million in Q1 2021. However, adjusted funds from operations (AFFO) surged over 200% to $3.0 million compared to $0.9 million in the same quarter last year. The company decreased its debt by $48.4 million and announced a 20% increase in its quarterly dividend to $0.06 per share, effective July 2022. A recent legal victory involved the dismissal of a class action lawsuit, enhancing the company's outlook amidst ongoing challenges in global agriculture due to geopolitical tensions.

Farmland Partners Inc. (NYSE: FPI) will announce its financial results for Q1 2022 on May 3, 2022, after 5 p.m. Eastern Time. A conference call to discuss these results will occur on May 4, 2022, at 11:00 a.m. Eastern Time. Interested parties can listen live via phone or through the Company's website. Farmland Partners manages approximately 185,000 acres across 19 states and specializes in owning and acquiring high-quality farmland and providing loans to farmers. The Company operates as a REIT for tax purposes since 2014.