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Farmland Partners Inc

Farmland Partners Inc (FPI)

11.145
-0.045
( -0.40% )
Updated: 12:00:32

Your Hub for Real-Time streaming quotes, Ideas and Live Discussions

Key stats and details

Current Price
11.145
Bid
-
Ask
-
Volume
101,456
11.08 Day's Range 11.208
9.955 52 Week Range 13.27
Market Cap
Previous Close
11.19
Open
11.15
Last Trade
1
@
11.15
Last Trade Time
12:01:32
Financial Volume
$ 1,132,180
VWAP
11.1593
Average Volume (3m)
318,575
Shares Outstanding
48,028,438
Dividend Yield
2.15%
PE Ratio
19.27
Earnings Per Share (EPS)
0.58
Revenue
57.47M
Net Profit
27.79M

About Farmland Partners Inc

Farmland Partners Inc owns and seeks to acquire high-quality farmland throughout North America. The company is an internally managed real estate company and owns and contracts of farmland and storage facilities located across the United States. Its properties are farmed by over 100 tenants growing m... Farmland Partners Inc owns and seeks to acquire high-quality farmland throughout North America. The company is an internally managed real estate company and owns and contracts of farmland and storage facilities located across the United States. Its properties are farmed by over 100 tenants growing more than 26 commercial crops. Farmland Partners generates its revenues through the rent it receives from its tenants. Show more

Sector
Real Estate Investment Trust
Industry
Real Estate Investment Trust
Headquarters
Lutherville Timonium, Maryland, USA
Founded
1970
Farmland Partners Inc is listed in the Real Estate Investment Trust sector of the New York Stock Exchange with ticker FPI. The last closing price for Farmland Partners was $11.19. Over the last year, Farmland Partners shares have traded in a share price range of $ 9.955 to $ 13.27.

Farmland Partners currently has 48,028,438 shares outstanding. The market capitalization of Farmland Partners is $535.52 million. Farmland Partners has a price to earnings ratio (PE ratio) of 19.27.

FPI Latest News

Farmland Partners Inc. Reports First Quarter 2024 Results

Increased Fiscal Year 2024 Guidance Farmland Partners Inc. (NYSE: FPI) (“FPI” or the “Company”) today reported financial results for the quarter ended March 31, 2024. Selected Highlights During...

Farmland Partners Inc. Announces Date for First Quarter 2024 Earnings Release and Conference Call

Farmland Partners Inc. (NYSE: FPI) (the “Company”) today announced it will release its financial results for the quarter ended March 31, 2024, after 5 p.m. (Eastern Time) on Tuesday, April 30...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.135-1.1968085106411.2811.511.0824220411.36100695CS
40.3253.0036968576710.8211.510.728572411.08601704CS
120.0950.85972850678711.0511.8710.3131857510.97634006CS
26-0.925-7.6636288318112.0713.1210.3139355211.64752055CS
520.2352.1539871677410.9113.279.95537760911.51081594CS
156-1.645-12.861610633312.7916.439.4441410812.45848974CS
2605.05583.00492610846.0916.435.0231887911.53463718CS

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FPI Discussion

View Posts
fivexshot fivexshot 2 years ago
$FPI = Beating the Street estimates for EPS & Revenues now!
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sam1933 sam1933 3 years ago
Farmland Partners Inc. Acquires 182 Acres of Florida Farmland for $1 Million https://www.wsj.com/articles/farmland-partners-inc-acquires-182-acres-of-florida-farmland-for-1-million-01627383711?tesla=y
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drkazmd65 drkazmd65 3 years ago
Definitely good news regarding the short-attack,... Eat Crow Rota,...

http://ir.farmlandpartners.com/News/news-details/2021/Rota-Fortunae-Author-of-July-2018-Attack-on-Farmland-Partners-Retracts-Short-and-Distort-Article-Admits-Articles-Falsity-and-Returns-Multiples-of-Trading-Profits-He-Gained-from-Attack/default.aspx

"Rota Fortunae," Author of July 2018 Attack on Farmland Partners, Retracts Short and Distort Article, Admits Article's Falsity, and Returns Multiples of Trading Profits He Gained from Attack
6/21/2021

DENVER, June 21, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE: FPI) ("FPI" or the "Company") today announced the successful resolution of its litigation against Quinton Mathews, the previously anonymous author of an attack published on the financial website "Seeking Alpha" on July 11, 2018 as part of a "short and distort" scheme targeting FPI, management and its stockholders. As Mr. Mathews acknowledged publicly (https://seekingalpha.com/instablog/47800059-rota-fortunae/5605955-mathews-settlement-press-release), the July 2018 Article was full of false statements that drove down FPI's stock price, allowing Mr. Mathews and his clients, including the hedge fund who focused his attention on FPI, to profit when their short positions in FPI's stock gained value in the wake of the defamatory article's publication.

Through this settlement, Mr. Mathews has agreed to pay to the Company a multiple of the profits he made when his defamatory "article" artificially drove the price of FPI stock down 39% on the day of publication, enabling him, his clients, and his co-conspirators to profit from the short positions they established in advance of the article's publication. As explained below, FPI continues to pursue its claims in Texas federal court against the hedge fund with which Mr. Mathews collaborated, and the Company will continue to vigorously defend the baseless lawsuits filed immediately after the article was published that piggybacked on statements Mr. Mathews now acknowledges were false.

Mr. Mathews—who published the article under the pseudonym "Rota Fortunae" and only revealed his true name and the names of his profiting clients after a court compelled him to do so last year—has now acknowledged the defamatory statements contained in his article were false, including unfounded statements that FPI manipulated its publicly filed financial statements, misstated cash flows and ability to cover its dividend, and failed to properly disclose purported related party transactions in the company's audited financial statements. Mr. Mathews also acknowledges the falsity of the article's baseless headline claiming FPI faced a threat of insolvency.

"With a stock price now more than double the closing price on July 11, 2018, it is clear investors already recognize that the Company was the victim of a short and distort scheme," FPI CEO Paul Pittman explained. Pittman continued: "The outrageous acts of Mr. Mathews and his co-conspirators, together with the blind and misguided trust Plaintiffs' lawyers placed on Mr. Mathews' statements, have damaged innocent shareholders. We intend to continue to vigorously seek to right this wrong. Plaintiffs who filed a lawsuit against FPI based on Mr. Mathews' statements should acknowledge the falsity of the statements and rethink the ethics of continuing their cases, and move on from their frivolous pursuit of FPI stockholders' money."

The money Mr. Mathews will return to FPI includes not only the profits he made through his trading, but also the profits realized by his business partner, Keith Dilling, and his father, who placed similar bets against FPI's stock in advance of the article's publication. Critically, the Company remains free to continue to pursue its claims against the hedge fund that focused Mr. Mathews' attention on FPI. The fund—which Mr. Mathews admits paid him more than $100,000 in 2018 alone for his work on FPI and other companies—collaborated with Mr. Mathews for months prior to the release of the hit piece on FPI after working with him on research into other companies Mr. Mathews attacked via Seeking Alpha, and furthered the scheme against FPI by retweeting false and defamatory statements to amplify the impact of that attack. FPI's claims against the hedge fund are currently pending in Texas federal court.

The Company appreciates the support expressed by many other companies who have been victims of similar attacks from Mr. Mathews and others like him, and of the many investors who stuck with the Company in the face of the short and distort attack. While the Company waits for the relevant government agencies to take the necessary steps to meaningfully protect companies like FPI from these kinds of attacks, FPI will continue to protect itself and its stockholders by pursuing further restoration of its reputation and recovery of ill-gotten gains from the hedge fund that worked with Mr. Mathews for years, and any others who may have wrongfully profited from the artificial decline in FPI's share price caused by the false and misleading attack on the Company. In addition, the Company will consider all appropriate relief against those who continue to prosecute shareholder claims against the Company where such claims are based on statements by Mr. Mathews that have now been retracted and admitted to be false by their author.

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 to farmers secured by farm real estate. As of the date of this release, the Company owns approximately 157,000 acres in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota and Virginia. We have approximately 26 crop types and over 100 tenants. The Company elected to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with the taxable year ended December 31, 2014. Additional information: www.farmlandpartners.com or (720) 452-3100.

Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the federal securities laws, including, without limitation, statements with respect to pending litigation. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "should," "could," "would," "predicts," "potential," "continue," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" or similar expressions or their negatives, as well as statements in future tense. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, beliefs and expectations, such forward-looking statements are not predictions of future events or guarantees of future performance and our actual results could differ materially from those set forth in the forward-looking statements. For a description of certain of such factors see the section entitled "Risk Factors" in the Company's Annual Report on Form 10-K for the year ended December 31, 2020, and the Company's other filings with the Securities and Exchange Commission. Any forward-looking information presented herein is made only as of the date of this press release, and the Company does not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.

View original content:http://www.prnewswire.com/news-releases/rota-fortunae-author-of-july-2018-attack-on-farmland-partners-retracts-short-and-distort-article-admits-articles-falsity-and-returns-multiples-of-trading-profits-he-gained-from-attack-301316131.html

SOURCE Farmland Partners Inc.

View all news
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drobx drobx 3 years ago
I'm looking at farmland as an area to invest and found this stock mentioned in the article below. Anyone have anything to say? I also posted on the LAND board.

https://wellkeptwallet.com/invest-in-farmland/
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KOmani KOmani 6 years ago
Was hoping for another dip to add on.

Holding last third for now.
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KOmani KOmani 6 years ago
Make anything trading this?

Good swings on it.
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Tripledog Tripledog 6 years ago
Cashed out all my option that I added yesterday not touching it again happy with 100% plus gain
46x100 5.00 call 7-20 ex .65 average 1x100 2.50 call 7-20-18 ex 3.00 average 1x100 5.00 call 2-15-19 ex 1.05 average
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ClayTrader ClayTrader 6 years ago
* * $FPI Video Chart 07-12-18 * *

Link to Video - click here to watch the technical chart video

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KOmani KOmani 6 years ago
The company already responded and it looks like institutions feel that it was taken down too much.

Kind of too much of an immediate bounce, but still playable.
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bar1080 bar1080 6 years ago
Worrisome Article about FPI

https://seekingalpha.com/article/4186457-farmland-partners-loans-related-party-tenants-introduce-significant-risk-insolvency-shares
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redspinelpinktopaz redspinelpinktopaz 7 years ago
Hey, DewDiligence, any talk of cannabis crops? Seems to be a faster grower than the 26 they grow now.
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benfrankledger benfrankledger 7 years ago
$FPI Farmland Partners Inc. 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. As of the date of this release, FPI owns or has under contract over 147,000 acres in Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota, Texas and Virginia. FPI elected to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with the taxable year ended December 31, 2014.
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DewDiligence DewDiligence 8 years ago
FPI reports 3Q16 results:

http://ir.farmlandpartners.com/file.aspx?IID=4426904&FID=36527086
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DewDiligence DewDiligence 8 years ago
Slide set for FPI acquisition of AFCO:

http://ir.farmlandpartners.com/file.aspx?IID=4426904&FID=1500091484
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DewDiligence DewDiligence 8 years ago
CEO bought $350K of stock on 8/29/16:

https://www.sec.gov/Archives/edgar/data/1389549/000092542116000150/xslF345X03/edgar.xml
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CAretiree CAretiree 9 years ago
Why are there no chart and price data shown for this stock?
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Louis Rukeyser Louis Rukeyser 10 years ago
Company Release - 08/12/2014 16:52

Farmland Partners Inc. Reports Results for the Quarter Ended June 30, 2014 and Announces Third Quarter Dividend of $0.105 per Share

http://www.farmlandpartners.com/file.aspx?IID=4426904&FID=24829090
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Louis Rukeyser Louis Rukeyser 10 years ago
Company Release - 08/11/2014 08:00

Farmland Partners Inc. Announces Date for Second Quarter 2014 Earnings Release and Conference Call

DENVER, Aug. 11, 2014 /PRNewswire/ -- Farmland Partners Inc. (NYSEMKT:FPI) (the "Company") today announced it will release its financial results for the second quarter ended June 30, 2014 after the markets close on Tuesday August 12, 2014, and will host a conference call the following day, Wednesday August 13, 2014, at 11:00 a.m. (Eastern Time) to discuss the financial results and provide a company update.

The call can be accessed live over the phone toll-free by dialing (888) 317-6016, or for international callers, (412) 317-6016. Participants can reference the Farmland Partners Inc. Second Quarter 2014 Earnings Call.

The conference call will also be available via a live listen-only webcast and can be accessed through the Investor Relations section of the Company's website, www.farmlandpartners.com.

A replay of the conference call will be available beginning August 13, 2014 at 1:00 p.m. (Eastern Time) until August 28, 2014 at 11:59 p.m. (Eastern Time), by dialing (877) 344-7529 (U.S.) or (412) 317-0088 (International); passcode: 10051170. A replay of the webcast will also be accessible on the Investor Relations website for one year following the event.

About Farmland Partners Inc.

Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire high-quality primary row crop farmland located in agricultural markets throughout North America. The Company's portfolio is comprised of 41 farms with an aggregate of approximately 23,600 acres in Illinois, Nebraska and Colorado. The Company intends to elect and qualify to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with its short taxable year ending December 31, 2014.

SOURCE Farmland Partners Inc.
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Louis Rukeyser Louis Rukeyser 10 years ago
Company Release - 08/08/2014 09:00

Farmland Partners Inc. Announces Agreement for Acquisition of Second Arkansas Farm

DENVER, Aug. 8, 2014 /PRNewswire/ -- Farmland Partners Inc. (NYSEMKT:FPI) (the "Company") today announced that it has entered into a purchase agreement to acquire an approximately 690-acre row crop farm in Arkansas for approximately $2.7 million in cash. The acquisition is expected to close prior to September 9, 2014, and is subject to customary closing conditions.

"This farm is located within 2 miles of the other Arkansas farm that we have under contract, and is expected to create economies of scale for both ourselves and our tenants," said Paul Pittman, CEO of Farmland Partners Inc. "The Delta is one of the country's primary agricultural regions, and we will be pursuing further acquisition opportunities in the area."

About Farmland Partners Inc.

Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire high-quality primary row crop farmland located in agricultural markets throughout North America. The Company's portfolio is comprised of 41 farms with an aggregate of approximately 23,600 acres in Illinois, Nebraska and Colorado, with two farms under contract in Arkansas totaling approximately 1,900 acres. The Company intends to elect and qualify to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with the taxable year ending December 31, 2014.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws, including statements regarding the pending acquisition. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond the Company's control. The Company faces many risks that could cause its actual performance to differ materially from the results contemplated by its forward-looking statements, including, without limitation, the risks related to leasing farmland to third-party tenants, including delays in executing new leases and failure to negotiate leases on terms that will enable the Company to achieve its expected returns. These forward-looking statements are based upon the Company's present expectations, but the events, expectations, intentions or prospects suggested by or reflected in these statements are not guaranteed to occur or be achieved, and you should not place undue reliance on such statements. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes, except as may be required by law. For a further discussion of these and other factors that could impact the Company's future results, performance or transactions, see the section entitled "Risk Factors" in the Company's final prospectus related to its recent public offering dated July 24, 2014.

SOURCE Farmland Partners Inc.
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Louis Rukeyser Louis Rukeyser 10 years ago
Company Release - 07/24/2014 18:53

Farmland Partners Inc. Announces Pricing of Public Offering of Common Stock

DENVER, July 24, 2014 /PRNewswire/ -- Farmland Partners Inc. (NYSEMKT: FPI) (the "Company") today announced that it has priced its underwritten public offering of 3,717,472 shares of its common stock at a public offering price of $12.50 per share, for net proceeds, after the underwriting discount but before estimated expenses of the offering payable by the Company, of approximately $44.1 million.

The offering is expected to close on July 30, 2014, subject to customary closing conditions. The Company has granted the underwriters a 30-day option to purchase up to an additional 557,620 shares to cover over-allotments, if any.

The Company intends to use the net proceeds from the offering for future farmland acquisitions and for general corporate purposes.

Baird and Stifel are serving as joint book-running managers for the offering. BMO Capital Markets, FBR, Janney Montgomery Scott and MUFG are serving as co-lead managers for the offering.

A registration statement relating to the offering of the Company's common stock discussed above was declared effective by the Securities and Exchange Commission on July 24, 2014. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these shares, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of any state or jurisdiction.

Copies of the preliminary prospectus may be obtained from: Robert W. Baird & Co. Incorporated, Attention: Syndicate Department, 777 E. Wisconsin Avenue, Milwaukee, WI 53202, telephone: 800-792-2473 or email syndicate@rwbaird.com; and Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate Department, One South Street, 15th Floor, Baltimore, MD 21202, telephone: (855) 300-7136, email: SyndProspectus@stifel.com.

About Farmland Partners Inc.

Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire high-quality primary row crop farmland located in agricultural markets throughout North America. The Company's portfolio is comprised of 41 farms with an aggregate of approximately 23,600 acres in Illinois, Nebraska and Colorado. The Company intends to elect and qualify to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with its short taxable year ending December 31, 2014.

Forward-Looking Statements

This press release includes "forward-looking statements," including with respect to the closing of the underwritten public offering and the Company's proposed use of proceeds. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control. We caution you that the forward-looking information presented in this press release is not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking information contained in this press release. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "plan," "seek," "comfortable with," "will," "expect," "intend," "estimate," "anticipate," "believe" or "continue" or the negative thereof or variations thereon or similar terminology. For example, the fact that the offering described above has priced may imply that the offering will close, but the closing is subject to conditions customary in transactions of this type and may be delayed or may not occur at all. In addition, the fact that the underwriters have an option to purchase additional shares may imply that this option will be exercised. However, the underwriters are not under any obligation to exercise this option, or any portion of it, and may not do so. Completion of the offering on the date and the terms described, and the application of net proceeds, are subject to numerous conditions, many of which are beyond the control of the Company. Any forward-looking information presented herein is made only as of the date of this press release, and we do not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.

SOURCE Farmland Partners Inc.
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Louis Rukeyser Louis Rukeyser 10 years ago
Company Release - 07/22/2014 16:34

Farmland Partners Inc. Announces Commencement of Public Offering of Common Stock

DENVER, July 22, 2014 /PRNewswire/ -- Farmland Partners Inc. (NYSEMKT: FPI) (the "Company") today announced that it has commenced an underwritten public offering of 3,717,472 shares of its common stock. The Company expects to grant the underwriters a 30-day option to purchase up to an additional 557,620 shares of common stock to cover over-allotments, if any.

The Company intends to use the net proceeds from the offering for future farmland acquisitions and for general corporate purposes.

Baird and Stifel are serving as joint book-running managers for the offering. BMO Capital Markets, FBR, Janney Montgomery Scott and MUFG are serving as co-lead managers for the offering.

Copies of the preliminary prospectus may be obtained from: Robert W. Baird & Co. Incorporated, Attention: Syndicate Department, 777 E. Wisconsin Avenue, Milwaukee, WI 53202, telephone: 800-792-2473 or email syndicate@rwbaird.com; and Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate Department, One South Street, 15th Floor, Baltimore, MD 21202, telephone: (855) 300-7136, email: SyndProspectus@stifel.com.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. The securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of these shares in any state in which such offer, solicitation or sale would be unlawful, prior to registration or qualification under the securities laws of any state.

About Farmland Partners Inc.

Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire high-quality primary row crop farmland located in agricultural markets throughout North America. The Company's portfolio is comprised of 41 farms with an aggregate of approximately 23,600 acres in Illinois, Nebraska and Colorado. The Company intends to elect and qualify to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with its short taxable year ending December 31, 2014.

Forward-Looking Statements

This press release includes "forward-looking statements," including with respect to the proposed underwritten public offering and the Company's proposed use of proceeds. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control. We caution you that the forward-looking information presented in this press release is not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking information contained in this press release. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "plan," "seek," "comfortable with," "will," "expect," "intend," "estimate," "anticipate," "believe" or "continue" or the negative thereof or variations thereon or similar terminology. Any forward-looking information presented herein is made only as of the date of this press release, and we do not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.

SOURCE Farmland Partners Inc.
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Louis Rukeyser Louis Rukeyser 10 years ago
Company Release - 06/23/2014 09:00

Farmland Partners Inc. Announces Agreement for Acquisition of Arkansas Farm

DENVER, June 23, 2014 /PRNewswire/ -- Farmland Partners Inc. (NYSEMKT: FPI) (the "Company") today announced that it has entered into a purchase agreement to acquire an approximately 1,250-acre row crop farm in Arkansas for approximately $4.6 million in cash. The Company anticipates that the unlevered annual cash return from a lease on this property will be in excess of 5% per annum, which is in line with the Company's other recent acquisitions.The acquisition is subject to customary closing conditions.

"This transaction is expected to diversify our portfolio both in terms of region and crop type. The Delta is a strong agricultural region and we anticipate doing more transactions in the area," said Paul Pittman, CEO of Farmland Partners Inc. "Continued diversification of our farmland portfolio and of our tenant base is a cornerstone of our expansion strategy."

About Farmland Partners Inc.

Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire high-quality primary row crop farmland located in agricultural markets throughout North America. The Company's portfolio is comprised of 40 farms with an aggregate of approximately 23,000 acres in Illinois, Nebraska and Colorado. The Company intends to elect and qualify to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with the taxable year ending December 31, 2014.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws, including statements regarding the pending acquisition. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond the Company's control. The Company faces many risks that could cause its actual performance to differ materially from the results contemplated by its forward-looking statements, including, without limitation, the risks related to leasing farmland to third-party tenants, including delays in executing new leases and failure to negotiate leases on terms that will enable the Company to achieve its expected returns. These forward-looking statements are based upon the Company's present expectations, but the events, expectations, intentions or prospects suggested by or reflected in these statements are not guaranteed to occur or be achieved, and you should not place undue reliance on such statements. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes, except as may be required by law. For a further discussion of these and other factors that could impact the Company's future results, performance or transactions, see the section entitled "Risk Factors" in the Company's final prospectus related to its initial public offering dated April 10, 2014.

SOURCE Farmland Partners Inc.
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Louis Rukeyser Louis Rukeyser 10 years ago
Company Release - 06/04/2014 09:00

Farmland Partners Inc. Announces Agreement for Acquisition of Nebraska Farm

DENVER, Colo., June 4, 2014 /PRNewswire/ -- Farmland Partners Inc. (NYSEMKT:FPI) (the "Company") today announced that it has entered into a purchase agreement to acquire an approximately 640-acre row crop farm in Morrill County, Nebraska for approximately $1.0 million. The Company intends to sign a five-year lease with the seller at an anticipated unlevered annual cash return of approximately 6.25%. The acquisition, which is subject to customary closing conditions, is expected to close on or before July 3, 2014.

"This is the second sale-leaseback transaction announced since our initial public offering in April, proving our ability to create value for our stockholders while establishing long-term partnerships with successful farmers," said Paul Pittman, CEO of Farmland Partners Inc. "This acquisition also shows how our business model allows us to integrate smaller transactions into our portfolio in a cost effective manner."

About Farmland Partners Inc.

Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire high-quality primary row crop farmland located in agricultural markets throughout North America. The Company's portfolio is comprised of 39 farms with an aggregate of approximately 10,500 acres in Illinois, Nebraska and Colorado, with an additional 12,500-acre farm in Colorado, the closing of which is pending. The Company intends to elect and qualify to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with the taxable year ending December 31, 2014.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws, including statements regarding the pending acquisition. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond the Company's control. These forward-looking statements are based upon the Company's present expectations, but the events, expectations, intentions or prospects suggested by or reflected in these statements are not guaranteed to occur or be achieved, and you should not place undue reliance on such statements. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes, except as may be required by law. For a further discussion of these and other factors that could impact the Company's future results, performance or transactions, see the section entitled "Risk Factors" in the Company's final prospectus related to its initial public offering dated April 10, 2014.

SOURCE Farmland Partners Inc.
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Louis Rukeyser Louis Rukeyser 10 years ago
Company Release - 05/29/2014 09:00

Farmland Partners Inc. Announces Agreement for Acquisition of Hudye Farms U.S., Inc.

DENVER, May 29, 2014 /PRNewswire/ -- Farmland Partners Inc. (NYSEMKT:FPI) (the "Company") today announced that it has entered into an agreement to purchase Hudye Farms U.S., Inc. ("HFUSI") for $24.5 million. HFUSI owns a total of 12,500 acres of row crop farmland located primarily in Eastern Colorado, with a small portion of the farmland in Western Kansas. The Company expects to enter into approximately three-year leases with six current third-party tenants at an anticipated unlevered annual cash return of approximately 5%. The acquisition, which is subject to final documentation and customary closing conditions, is expected to close in June 2014.

"This is a hallmark transaction that will more than double the acres in Farmland Partners' portfolio, to almost 23,000, and will substantially diversify its tenant base," said Paul Pittman, the Company's CEO. "Together with another transaction already announced in the same area, this acquisition gives us significant scale in the region and the ability to lower input costs for our tenants."

About Farmland Partners Inc.

Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire high-quality primary row crop farmland located in agricultural markets throughout North America. The Company's portfolio is comprised of 38 farms with an aggregate of approximately 7,300 acres in Illinois, Nebraska and Colorado. The Company intends to elect and qualify to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with the taxable year ending December 31, 2014.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws, including statements regarding the pending acquisition. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond the Company's control. These forward-looking statements are based upon the Company's present expectations, but the events, expectations, intentions or prospects suggested by or reflected in these statements are not guaranteed to occur or be achieved, and you should not place undue reliance on such statements. The Company faces many risks that could cause its actual performance to differ materially from the results contemplated by its forward-looking statements, including, without limitation, the risk that it does not consummate the acquisition of HFUSI, the risk that it does not enter into leases with tenants on the terms anticipated, or at all, and the risk that unlevered annual cash returns are lower than expected. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes, except as may be required by law. For a further discussion of these and other factors that could impact the Company's future results, performance or transactions, see the section entitled "Risk Factors" in the Company's final prospectus related to its initial public offering dated April 10, 2014.

SOURCE Farmland Partners Inc.
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Louis Rukeyser Louis Rukeyser 10 years ago
Company Release - 05/20/2014 09:00

Farmland Partners Inc. Announces Second Quarter Dividend of $0.105 Per Share and Filing of 10-Q for the First Quarter of 2014

DENVER, May 20, 2014 /PRNewswire/ -- Farmland Partners Inc. (NYSEMKT:FPI) (the "Company") today announced a second quarter dividend of $0.105 per share and the filing of its quarterly report on Form 10-Q for the three months ended March 31, 2014. On April 16, 2014, the Company closed on its initial public offering (the "IPO") and the related formation transactions. As a result, the Company's quarterly report on Form 10-Q for the first quarter ended March 31, 2014 only reflects results of the predecessor and is not representative of the Company's consolidated future results.

Recent Highlights

Closed on the IPO of common stock generating $53 million in gross proceeds.

Announced entry into an agreement to acquire a 3,171-acre row crop farm in Burlington, Colorado, for approximately $7.6 million.

Dividend Declaration

On May 14, 2014, the Company's Board of Directors declared a second quarter dividend of $0.105 per share payable on July 15, 2014 to all stockholders of record on July 1, 2014. The dividend payment will not be pro-rated for the portion of the second quarter that the Company has been in existence as a public company. On an annualized basis, this dividend equates to $0.42 per share, which represents an annual distribution rate of 3%, based on the Company's IPO price of $14 per share, or 3.44%, based on the closing price of the Company's common stock on Monday May 19, 2014.

About Farmland Partners Inc.

Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire high-quality primary row crop farmland located in agricultural markets throughout North America. The Company's portfolio is comprised of 38 farms with an aggregate of approximately 7,300 acres in Illinois, Nebraska and Colorado. The Company intends to elect and qualify to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with the taxable year ending December 31, 2014.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws, including statements regarding the pending acquisition. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond the Company's control. These forward-looking statements are based upon the Company's present expectations, but the events, expectations, intentions or prospects suggested by or reflected in these statements are not guaranteed to occur or be achieved, and you should not place undue reliance on such statements. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes, except as may be required by law. For a further discussion of these and other factors that could impact the Company's future results, performance or transactions, see the section entitled "Risk Factors" in the Company's final prospectus related to its initial public offering dated April 10, 2014.

SOURCE Farmland Partners Inc.
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Louis Rukeyser Louis Rukeyser 10 years ago
Company Release - 04/21/2014 08:30

Farmland Partners Inc. Announces Agreement for Acquisition of Burlington, Colorado-Based Farm

DENVER, April 21, 2014 /PRNewswire/ -- Farmland Partners Inc. (NYSEMKT:FPI) (the "Company") today announced that it has entered into purchase agreements to acquire an approximately 3,696-acre row crop farm for approximately $8.75 million. The Burlington, Colorado-based farm is located primarily in eastern Colorado, with a small portion of the acres immediately across the border in western Kansas. The Company intends to sign a three-year lease with the seller at an anticipated unlevered annual cash return of approximately 4.63%. The acquisition, which is subject to customary closing conditions, is expected to close no later than May 30, 2014. The Company intends to obtain mortgage financing on the farm at or subsequent to closing in an amount representing approximately 40-50% of the purchase price.

"We are excited to announce this sale-and-leaseback transaction with a very successful Burlington-based farm family. We think this is the first of several high-quality farmland investments we intend to make in the coming months," said Paul Pittman, CEO of Farmland Partners Inc. "Once this acquisition closes, Farmland Partners' portfolio will consist of over 11,000 acres of row crop farmland, addressing the increasing global grain demand."

About Farmland Partners Inc.

Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire high-quality primary row crop farmland located in agricultural markets throughout North America. The Company's portfolio is comprised of 38 farms with an aggregate of approximately 7,300 acres in Illinois, Nebraska and Colorado. The Company intends to elect and qualify to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with the taxable year ending December 31, 2014.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws, including statements regarding the pending acquisition. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond the Company's control. These forward-looking statements are based upon the Company's present expectations, but the events, expectations, intentions or prospects suggested by or reflected in these statements are not guaranteed to occur or be achieved, and you should not place undue reliance on such statements. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes, except as may be required by law. For a further discussion of these and other factors that could impact the Company's future results, performance or transactions, see the section entitled "Risk Factors" in the Company's final prospectus related to its initial public offering dated April 10, 2014.

SOURCE Farmland Partners Inc.
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