FPI Stock Recent News
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Most REITs dropped by 5-15% in recent weeks. I believe that this is an opportunity to buy the dip. I present two of my favorite REITs to buy today.
Investing in U.S. land is an asset class that has grown in popularity in recent years. And, it's not just for Americans.
Farmland Partners is a small-cap REIT with a decade's worth of experience in acquiring and managing farmland across North America. The farmland industry offers stability and long-term value appreciation due to increasing demand for food and limited supply of arable land. FPI's stock valuation and yield are not competitive compared to its peers, and technical indicators suggest caution in investing at current levels.
REITs are priced at their lowest valuations in over a decade. And many of them are buying back shares to create value. I highlight 2 of my favorite opportunities.
According to the World Food Program, the world faces a hunger crisis of unprecedented proportions. To put things into perspective, 345 million people globally face acute food insecurity in 2023.
REITs are increasingly buying back their own shares as the best real estate investment. Share buybacks are the focus of the third quarter earnings season for REITs. Factors such as strong financial conditions, weak property acquisition spreads, and high implied cap rates make buybacks attractive.
The headline numbers for Farmland Partners (FPI) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Farmland Partners (FPI) came out with a quarterly loss of $0.01 per share in line with the Zacks Consensus Estimate. This compares to FFO of $0.05 per share a year ago.
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company”) today announced it will release its financial results for the quarter ended September 30, 2023, after 5 p.m. (Eastern Time) on Wednesday, October 25, 2023, and will host a conference call the following day, Thursday, October 26, 2023, 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 by dialing 1-888-660-6359 and using the conference.
Farmland Partners Inc. is working through its interest rate challenges by selling farms and buying back stock. The company has completed several farm dispositions and acquisitions, resulting in solid gains. Despite these efforts, the market does not respect the company, and the gap between its net asset value and stock price remains wide.