Farmland partners inc. reports fourth quarter and fiscal year 2020 results

Denver, march 17, 2021 /prnewswire/ -- farmland partners inc. (nyse: fpi) ("fpi" or the "company") today reported financial results for the quarter and fiscal year ended december 31, 2020. selected 2020 highlights during the year ended december 31, 2020, the company: completed three acquisitions, for total consideration of $1.4 million; completed seven dispositions, for total consideration of $20.5 million, total gain on sale of $3.2 million, representing an irr of approximately 11%; accretively repurchased 1,034,167 shares of common stock at a weighted average price of $6.59 per share for an aggregate purchase price of $6.8 million and 140,189 shares of series b preferred stock at a weighted average price of $22.08 per share for an aggregate purchase price of $3.1 million.
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