2024-03-20 03:21:02 ET
Summary
- FPI had an active 2023, with asset sales resulting in gains but total operating revenues dropping.
- The stock looks expensive on cash flow and AFFO multiples, but cheap relative to NAV.
- We tell you what we consider as better alternatives today.
On our last coverage of Farmland Partners Inc. ( FPI ) we weighed the bull and the bear arguments and found both to be wanting. We could not rate it a Sell and we were only ready to buy a bit lower....
Read the full article on Seeking Alpha
For further details see:
Farmland Partners: The Store Of Value Thesis