Reported Earlier, Farmland Partners Sells $289M Portfolio To Farmland Reserve, Generates $50M Gain Over Book Value
Benzinga Newsdesk 2 years ago
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The Portfolio includes farms across several regions and states, including Arkansas, Florida, Louisiana, Mississippi, Nebraska, Oklahoma, and the Carolinas. The Transaction does not include any of the Company's
The Portfolio includes farms across several regions and states, including Arkansas, Florida, Louisiana, Mississippi, Nebraska, Oklahoma, and the Carolinas. The Transaction does not include any of the Company's Illinois farmland, which is among the most valuable land it owns. FPI's total gain on sale will be approximately $50 million, or approximately 21 percent over the aggregate net book value of the farms comprising the Portfolio. In 2023, FPI also sold approximately $200 million of assets at a gain in excess of 20 percent.