Farmland Partners Inc. · NYSE:FPI
Farmland Partners — FY2015 Earnings Presentation
6 slides from Farmland Partners's earnings presentation, Mar 15, 2016
Slide 1: Forward-Looking Statements
Forward-Looking Statements 2 Some of the statements contained in this presentation, including statements regarding our portfolio development approach, our pending acquisitions and other investment opportunities, our future growth prospects and farmland investment characteristics and certain trends,
Slide 2: Historical Financial Overview: 2015 Versus Prior Years
3 ____________________ The Company’s financial condition as of December 31, 2015, and 2014, and the results of operations for the year ended December 31, 2015, reflect the financial condition and results of operations of the Company. Due to the timing of the IPO and the formation transactions, the r
Slide 3: Historical Financial Overview: Selected Metrics 2015 Versus 2014
4 Historical Financial Overview Selected Metrics – 2015 Versus 2014 (All values in thousands, except for per share metric) +241% +246% +80% 1.98x 2014 total 1.67x 2014 total +101% 1.67x 2014 total +67% ____________________ (1) AFFO per share is calculated by dividing the full year AFFO by the weight
Slide 4: Portfolio Overview: Acreage, Tenant, and Crop Type Detail
5 Portfolio Overview Acreage, Tenant, and Crop Type Detail(1) Corn Belt 33,133 acres 35 Tenants Corn, seed corn, soybeans, green beans, blueberries, rye Southeast 24,925 acres 4 Tenants Corn, soybeans, cotton, milo, wheat, rape Delta and the South 24,715 acres 19 Tenants Corn, soybeans, cotton, rice
Slide 5: Farmland Investment Characteristics: Farmland Price Trends
Value growth in U.S. farmland may slow, or even modestly decline, temporarily but we believe long term trend is strongly positive As reported by the USDA, the overall U.S. farm real estate value increased 2.4% from the summer of 2014 to summer of 2015(1) (management expects that the upcoming report
Slide 6: Farmland Investment Characteristics
Farmland Investment Characteristics Farmland Price Trends: Perception Versus Reality = Value growth in U.S. farmland may slow, or even modestly decline, temporarily but we believe long term trend is strongly positive = As reported by the USDA, the overall U.S. farm real estate value increased 2.4% f