Financial PerformanceThe core funds from operations (CFFO) did not cover the dividend in 1Q25, indicating financial strain.
Tariff ImpactMost of the underperforming properties are farms for pistachios and almonds, which could be negatively affected by tariffs.
Underperforming AssetsThere are still 10 underperforming farms after the sale of seven farms in 1Q25, which poses a challenge for the company.