|Bid||0.00 x 900|
|Ask||0.00 x 1300|
|Day's Range||12.50 - 12.75|
|52 Week Range||6.27 - 14.85|
|Beta (5Y Monthly)||0.90|
|PE Ratio (TTM)||N/A|
|Earnings Date||Nov 08, 2021 - Nov 12, 2021|
|Forward Dividend & Yield||0.20 (1.59%)|
|Ex-Dividend Date||Sep 30, 2021|
|1y Target Est||13.38|
Farmland Partners Inc. (NYSE: FPI) (the "Company") today announced that Promised Land Opportunity Zone Farms I, LLC ("OZ Fund") recently closed a $29 million investment in a high-quality farm in eastern North Carolina. Including improvement projects, the portfolio now approximates $53 million. The North Carolina farm was purchased from a third-party seller and expands the OZ Fund's portfolio to approximately 8,300 acres across four states.
Promised Land Opportunity Zone Farms I, LLC ("Promised Land") announced today that it purchased 4,528 acres of cropland in eastern North Carolina for $29 million. The investment will stimulate economic activity and labor opportunities in the region.
Farmland Partners Inc. (NYSE:FPI) (the "Company") announced today the closing of a $2.1 million loan to a farmer in Michigan under the Company's loan program (the "FPI Loan Program"). The loan is due in 2023 with a loan-to-value ratio of approximately 65%. This loan unlocked equity in the farmer's land and was used to refinance the farmer's existing credit facilities.