Book Value And Dividend CoverageWith book value down 5.9% and core funds from operations unlikely to cover the dividend, upside is limited.
Revenue And OccupancyNineteen farms remained vacant or generated cash-based lease revenues, resulting in a year-over-year net operating income decrease of approximately $452K.
Underperforming FarmsNineteen underperforming farms, including thirteen vacant or self-operated farms, signal operational challenges.