secwatch.observer — SEC 8-K summary
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Issuer:     Farmland Partners Inc. (FPI)
CIK:        0001591670
Form:       8-K
Filed at:   2024-10-21T23:59:59+00:00
Accession:  0001558370-24-013422
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmland Partners sells 46 farms for $289M; reduces debt by $146.6M
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- Completed sale of 46 farms (41,554 acres) in eight states for $289M to Farmland Reserve, Inc.
- Net cash proceeds of ~$142.4M after repaying $146.6M in mortgage debt.
- Pro forma 2023 net income available to common stockholders drops from $27.8M to $26.6M ($0.55 to $0.53 EPS).
- Pro forma H1 2024 net loss available to common stockholders widens from $2.163M to $2.540M (EPS stays -$0.05).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1591670/000155837024013422/0001558370-24-013422-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1591670/000155837024013422/fpi-20241016x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-013422

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer