FPI Overview

Dividend Declaration: Farmland Partners (FPI) has announced a special dividend of $0.20 per share, payable on January 7, with a record date of December 23 and an ex-dividend date also on December 23.

Financial Targets: The company is targeting an Adjusted Funds From Operations (AFFO) of $14.5 million to $16.6 million while undergoing a portfolio simplification process.

Management Insights: CEO Luca Fabbri highlighted a strong quarter for Farmland Partners, emphasizing the successful sale of Murray Wise Associates and a planned special dividend for 2025, while Executive Chairman Paul Pittman noted the positive impact of a new China trade deal on U.S. soybean exports.

Financial Performance: CFO Susan Landi reported a net income of $0.5 million for Q3 2025, with an increase in AFFO to $2.9 million, attributed to lower interest expenses and higher interest income, while also noting a significant gain from asset dispositions.

Outlook and Guidance: The forecasted AFFO range for the upcoming quarter is set between $14.5 million and $16.6 million, reflecting an increase from the previous quarter, although management cautioned about the one-time nature of some positive events affecting future performance.

Risks and Analyst Sentiment: Analysts expressed concerns regarding the sustainability of AFFO and ongoing legal disputes, while management maintained a confident tone about operational execution, emphasizing prudent capital management amidst industry challenges.

Dividend Declaration: Farmland Partners (FPI) has declared a quarterly dividend of $0.06 per share, consistent with previous dividends.

Dividend Details: The dividend is payable on January 15 to shareholders of record as of January 2, with an ex-dividend date also set for January 2.

Forward Yield: The forward yield for the dividend is 2.38%.

Additional Information: Further details can be found in the FPI Dividend Scorecard, Yield Chart, and historical earnings data.

ETF Performance Overview: The Schwab U.S. REIT ETF (SCHH) has an implied analyst target price of $24.10, indicating a potential upside of 10.67% from its current trading price of $21.78.

Notable Holdings with Upside: Key underlying holdings such as Farmland Partners Inc (FPI), Empire State Realty Trust Inc (ESRT), and Four Corners Property Trust Inc (FCPT) show significant upside potential, with target prices exceeding their recent trading prices by 15.99%, 15.71%, and 15.42%, respectively.

Financial Results Announcement: Farmland Partners Inc. will release its financial results for the quarter ending June 30, 2025, on July 23, 2025, and host a conference call on July 24, 2025, to discuss these results.

Company Overview: Farmland Partners Inc. is a real estate company focused on acquiring high-quality farmland in North America, managing approximately 125,500 acres across 15 states, and operates as a real estate investment trust (REIT).