Farmland Partners reports Q4 AFFO 29c, consensus 17c

Luca Fabbri, President and CEO, commented: “2024 was a very strong year for FPI, as we successfully executed on our strategies to reduce overhead, enhance operational efficiencies, and selectively dispose of assets. Proceeds from the properties we sold in 2024 allowed us to reduce leverage in a period of elevated interest rates and repurchase stock at what we believe to be a significant discount to fair value. The gains from these dispositions highlight the appreciation of our high-quality assets and our ability to create stockholder value. As a result, we were pleased to return a portion of these gains through a special dividend, reinforcing our ongoing commitment to delivering value.”