Farmland Partners declares $1.15 per share special cash dividend
- Dividend Announcement: Farmland Partners' board has declared a one-time dividend of $1.15 per share for common stock and Class A Common OP Unit.
- Payment Details: The dividend will be payable in cash on January 8, 2025, to shareholders recorded as of December 23.
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- New Management Takeover: Paul Pittman and Palmer Thornton have acquired Grizzly Lodge, ensuring continuity for the 12,000-square-foot resort during the transition period, with former owner Adam Trainer remaining involved to maintain service for loyal customers.
- Rich Industry Experience: Pittman brings decades of leadership in real estate, agriculture, and investment banking, having led two companies through public offerings, while Thornton's background in hospitality, real estate, and private equity will drive the lodge's long-term development.
- Exceptional Customer Experience: Since opening in 2009, Grizzly Lodge has welcomed approximately 1,100 guests annually with occupancy rates exceeding 90%, and the new management plans to enhance customer experience further through smart investments, reflecting its strong reputation.
- Unique Location: Located within two hours of Kelowna International Airport, the lodge offers a fully immersive backcountry experience, including lodging, guided snowmobiling, and equipment rentals, with the new management committed to maintaining and enhancing this unique blend of adventure and hospitality.
- Special Dividend Announcement: Farmland Partners has declared a special distribution of $0.20 per share for 2025, payable on January 7, 2026, which is entirely considered a 2026 distribution for federal tax purposes, reflecting the company's commitment to shareholder returns.
- Tax Treatment Clarification: In 2025, there was no 'Box 3 Nondividend Distribution' on the 1099-DIV form, eliminating the need to file Form 8937, thereby simplifying the tax reporting process for shareholders and reducing compliance costs.
- Asset Overview: As of December 31, 2025, Farmland Partners owned 71,600 acres of high-quality farmland across 11 states, demonstrating its strong positioning and investment potential in the North American agricultural real estate market.
- REIT Tax Election: Since 2014, Farmland Partners has elected to be taxed as a Real Estate Investment Trust (REIT), optimizing its tax burden and enhancing the company's financial flexibility and attractiveness to investors.
- Dividend Overview: Farmland Partners Inc. announced a per-share distribution of $0.06 for 2025 common stock, with payment dates set for January 15, April 15, July 15, and October 15, indicating the company's commitment to consistent cash flow and shareholder returns.
- Special Distribution Note: A special distribution of $0.20 per share declared on December 15, 2025, will be treated as a 2026 distribution, reflecting the company's careful tax planning aimed at optimizing shareholder tax burdens.
- REIT Tax Election: Since 2014, Farmland Partners has elected to be taxed as a Real Estate Investment Trust (REIT), allowing the company to benefit from specific tax advantages that enhance its capital flexibility and operational efficiency.
- Land Asset Overview: As of December 31, 2025, the company owned 71,600 acres of high-quality farmland across 11 states, showcasing its robust positioning and potential for continued expansion in the North American agricultural real estate market.
- Special Dividend Announcement: Farmland Partners Inc. has declared a special dividend of $0.20 per share payable on January 7, 2026, to shareholders of record on December 23, 2025, which not only enhances shareholder returns but also reflects the company's confidence in future cash flows.
- Quarterly Dividend Supplement: This special dividend supplements the quarterly dividend of $0.06 per share announced on October 28, 2025, indicating the company's commitment to enhancing shareholder value while maintaining stable earnings.
- Land Asset Expansion: As of September 30, 2025, the company owns approximately 75,600 acres of farmland across 11 states, showcasing its strong positioning in the North American agricultural market and enhancing its status as a real estate investment trust.
- Agricultural Equipment Investment: The company also owns land and buildings for four agricultural equipment dealerships leased to Ag Pro, further diversifying its revenue streams and strengthening its portfolio of agriculture-related assets.
Dividend Declaration: Farmland Partners (FPI) has announced a special dividend of $0.20 per share, payable on January 7, with a record date of December 23 and an ex-dividend date also on December 23.
Financial Targets: The company is targeting an Adjusted Funds From Operations (AFFO) of $14.5 million to $16.6 million while undergoing a portfolio simplification process.

Management Insights: CEO Luca Fabbri highlighted a strong quarter for Farmland Partners, emphasizing the successful sale of Murray Wise Associates and a planned special dividend for 2025, while Executive Chairman Paul Pittman noted the positive impact of a new China trade deal on U.S. soybean exports.
Financial Performance: CFO Susan Landi reported a net income of $0.5 million for Q3 2025, with an increase in AFFO to $2.9 million, attributed to lower interest expenses and higher interest income, while also noting a significant gain from asset dispositions.
Outlook and Guidance: The forecasted AFFO range for the upcoming quarter is set between $14.5 million and $16.6 million, reflecting an increase from the previous quarter, although management cautioned about the one-time nature of some positive events affecting future performance.
Risks and Analyst Sentiment: Analysts expressed concerns regarding the sustainability of AFFO and ongoing legal disputes, while management maintained a confident tone about operational execution, emphasizing prudent capital management amidst industry challenges.




