December 19, 2014 5:18 AM ET

Real Estate Management and Development

Company Overview of Farmland Partners Inc.

Company Overview

Farmland Partners Inc., a real estate company that owns and seeks to acquire primary row crop farmland located in agricultural markets throughout North America. As of November 17, 2014, its portfolio consisted of 47 farms with approximately 29,000 acres in Illinois, Nebraska, Colorado, Arkansas, and Louisiana. The company was founded in 2013 and is Westminster, Colorado.

8670 Wolff Court

Suite 240

Westminster, CO 80031

United States

Founded in 2013

Phone:

720-452-3100

Key Executives for Farmland Partners Inc.

Farmland Partners Inc. does not have any Key Executives recorded.

Farmland Partners Inc. Key Developments

Farmland Partners Inc. Announces Increase in Quarterly Dividend, Payable on January 15, 2015

Farmland Partners Inc. announced that its Board of Directors has approved a quarterly cash dividend of $0.116 per share to be paid on January 15, 2015 to shareholders of record at close of business on January 2, 2015. The annualized dividend of $0.464 per share represents a 10.5% increase over the Company's previous quarterly dividend of $0.105 and a 4.5% yield based on the closing price of the Company's common stock on November 19, 2014.

Farmland Partners Inc. Announces Agreements for Acquisition of $46 Million of Farms

Farmland Partners Inc. announced that it has entered into a purchase agreement to acquire seven row crop farms in South Carolina totaling approximately 6,819 acres for $28 million. The company intends to sign multi-year leases with the seller and other third party tenants. The acquisition, which is subject to customary closing conditions, is expected to close no later than December 22, 2014. The company intends to obtain mortgage financing on the farms at closing in an amount representing approximately 60% of the purchase price. The company also announced eight other separate purchase agreements with seven separate sellers to acquire eight farms in Colorado, Arkansas and Nebraska totaling approximately 3,588 acres for aggregate consideration of approximately $18 million in cash. The acquisitions are expected to close in 2014, and are subject to customary closing conditions.

Farmland Partners Inc. Presents at 2014 FBR Fall Investor Conference, Dec-02-2014

Farmland Partners Inc. Presents at 2014 FBR Fall Investor Conference, Dec-02-2014 . Venue: Grand Hyatt New York, 109 East 42nd Street at Grand Central Station, New York, NY 10017, United States.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 17, 2014
Seven Row Crop Farms of Approximately 6,819 Acres in South Carolina
Merger/Acquisition
November 17, 2014
Eight Farms of 3,588 Acres in Colorado, Arkansas and Nebraska
Merger/Acquisition
October 31, 2014
Vendome Farm
 

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