Farmland Partners: Key Developments

Summary

  • We had touted the preferred shares of this company as a cash-like alternative the last time we covered it.
  • The par value of the issue was tied to the land values and we had provided our estimate for it.
  • Let's review the recently released Q2 results to see how our prior thesis aged.
  • I do much more than just articles at Conservative Income Portfolio: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »
Farmer woman holding wooden box full of fresh raw vegetables.
Milan Krasula/iStock via Getty Images

When we last covered Farmland Partners Inc. (NYSE:FPI) we felt that going up the capital structure had merit. Specifically, we liked the Farmland Partners Inc. 6% PFD SER B (FPI.PB) as a pseudo cash-like holding that

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