Reported Earlier, Farmland Partners Sells $289M Portfolio To Farmland Reserve, Generates $50M Gain Over Book Value
Portfolio Pulse from Benzinga Newsdesk
Farmland Partners has sold a $289 million portfolio to Farmland Reserve, generating a $50 million gain over book value. The sale includes farms in several states but excludes valuable Illinois farmland. This follows a $200 million asset sale earlier in 2023.
October 03, 2024 | 6:30 am
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Farmland Partners sold a $289 million portfolio, generating a $50 million gain over book value. This sale, excluding Illinois farmland, follows a $200 million asset sale earlier in 2023.
The sale of the $289 million portfolio at a significant gain indicates strong asset management and could positively impact FPI's financials. The exclusion of Illinois farmland suggests strategic retention of high-value assets.
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