Nuveen Farmland REIT discloses $20.6M purchase of 3,485 acres; pro forma FY2025 net income $465K

Nuveen Farmland REIT

Acquired Mississippi and Illinois row-crop properties total about 3,485.3 gross acres; purchase price $20.63M, allocated $18.81M to land, $1.70M to improvements, $0.12M to buildings.
FY2025 combined rental revenue was $710,753 against $65,928 of certain operating expenses, leaving $644,825 excess; H1 2026 revenue was $353,050 vs $37,476 expenses.
Pro forma FY2025 net income was $465K on $701K revenue; H1 2026 net income was $229K on $351K revenue after $85K depreciation.
Acquisitions were funded from $34.668M of private offering proceeds (1,733,400 shares at $20.00) closed Sept. 1, 2026; properties were bought Sept. 24 from a TIAA subsidiary.
Minimum future rents under leases in effect at Dec. 31, 2025 total $1.345M: $701K due in 2026 and $644K due in 2027.

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