Overview

* Farmland Partners ( FPI ) Q3 AFFO increases

* Company raises fiscal 2025 AFFO guidance, indicating confidence in future earnings

* Farmland Partners ( FPI ) announces sale of brokerage and farm management business for $5.3 mln

Outlook

* Farmland Partners ( FPI ) raises 2025 AFFO guidance to $0.32-$0.36 per share

* Company expects to issue a special dividend of $0.18-$0.22 per share for 2025

Result Drivers

* BROKERAGE SALE - Sale of brokerage and farm management business aligns with focus on farmland investments

* PROPERTY DISPOSITIONS - Completed 35 property sales for $85.5 mln, recognizing $24.5 mln gain

* FOREIGN TRADE CHALLENGES - Continued foreign trade challenges introduce uncertainty in U.S. agriculture

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 $11.25

Operatin mln

g

Revenue

Q3 Net $491,000

Income

Q3 $2.9 mln

Adjusted

FFO

Q3 $0.06

Dividend

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the specialized reits peer group is "buy"

* Wall Street's median 12-month price target for Farmland Partners Inc ( FPI ) is $12.00, about 14.3% above its October 28 closing price of $10.29

* The stock recently traded at 48 times the next 12-month earnings vs. a P/E of 63 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)