Tranche Update on Farmland Partners Inc.'s Equity Buyback Plan announced on May 10, 2017.
May 01, 2024 at 04:06 pm EDT
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From January 1, 2024 to May 1, 2024, the company has repurchased 0 shares, representing 0% for $0 million. With this, the company has completed the repurchase of 15,277,537 shares, representing 40.37% for $131.5 million under the buyback announced on May 10, 2017.
Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire North American farmland and makes loans to farmers secured by farm real estate. The Company owns and/or manages approximately 171,100 acres in 16 states, including Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina and Texas. In addition, the Company owns land and buildings for four agriculture equipment dealerships in Ohio leased to Ag Pro under the John Deere brand. Its portfolio is used to grow primary crops, such as corn, soybeans, wheat, rice and cotton, and produce specialty crops, such as almonds, citrus, blueberries and vegetables. In addition, under the FPI Loan Program, it provides loans to third-party farmers (both tenant and non-tenant) to provide financing for property acquisitions, working capital requirements and others. It has over 26 crop types and over 100 tenants.
FARMLAND PARTNERS INC. 
