REITs trade at large discounts to their net asset values. They are increasingly becoming targets for activists and private equity. I discuss 3 REITs that are likely buyout targets.
Farmland Partners (FPI) is deeply undervalued, trading at a significant discount to its estimated asset value of $13–$20 per share. FPI's fundamentals remain strong: farmland values and AFFO per share are rising, while the stock price has dropped due to short-term market fears. Recent asset sales funded accretive share buybacks, debt reduction, and special dividends, further enhancing FPI's val...
A proposed 50-year mortgage and other government subsidies could improve housing affordability. This could have a major impact on various REIT property sectors. I discuss which REITs would benefit the most.
Farmland Partners is undergoing a major transformation, shifting from owning farmland to focusing on management and reducing leverage. FPI has aggressively sold acreage to pay down debt, but revenue and profitability remain volatile, largely driven by asset sales rather than core operations. Despite management's progress, FPI trades at high valuation multiples, making the stock appear expensive...
Farmland Partners gets a hold/neutral rating for my initial coverage, agreeing with today's consensus from analysts and the quant rating. This farmland REIT's upside potential is in its diversified national portfolio and potential future land values, but also low vacancy rates and scarcity of arable farmland for producing food. Other positives were FFO and operating cash flow growth, and a low ...
Farmland Partners offers modest regular dividends but consistently supplements returns with special dividends from profitable land sales, differentiating it from peers. FPI's Q3 2025 results showed stable AFFO growth, significant debt reduction, and ongoing share buybacks, with management raising full-year AFFO guidance. Unlike Gladstone Land, FPI's strategy relies on asset sales and value unlo...
Farmland Partners Inc. ( FPI ) Q3 2025 Earnings Call October 30, 2025 11:00 AM EDT Company Participants Luca Fabbri - CEO, President & Non-Independent Director Christine Garrison - General Counsel & Secretary Paul Pittman - Executive Chairman Susan Landi - CFO & Treasurer Conference Call Participants Robert Stevenson - Janney Montgomery Scott LLC, Research Division Craig Kucera - Lucid Capital ...
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (“FPI” or the “Company”) today reported financial results for the quarter ended September 30, 2025. Selected Highlights During the quarter ended September 30, 2025, the Company: recorded net income of $0.5 million, or $0.00 per share available to common stockholders, compared to $1.8 million, or $0.02 per share available to common stoc...
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