American Farmland

General Information

We are an internally managed real estate company that owns a diversified portfolio of high-quality farmland, consisting of mature permanent, specialty/vegetable row and commodity row crop farms, as well as farmland development projects, which is located in select major agricultural regions in the United States. We seek to provide our stockholders with a combination of (i) current income from renting our stable portfolio of mature farms and (ii) capital appreciation, partially driven by our ability to develop properties to maximize their value. We lease our farms to professional farmer tenants under a variety of lease structures with staggered durations, including fixed and participating leases, which typically consist of fixed base rent and participating revenue components. Approximately 45.6% of our 2014 contractual rent and 62.5% of our contractual rent for the first quarter of 2015 was comprised of fixed and base rent, some of which has annual escalators. In addition, our participating leases typically require our professional farmer tenants to obtain crop insurance, which seeks to protect the stability of our cash flow. We are a Maryland corporation and aim to be the leading farmland REIT to be traded on a U.S. stock exchange with a highly diversified portfolio, scalable platform and a unique investment focus on permanent, specialty/vegetable, development and commodity row crop farmland throughout the U.S.

Founded: 2009
Contact Information
Address 10 East 53rd Street, New York, NY 10022, US
Phone Number (212) 484-3000
Web Address
View Prospectus: American Farmland
Financial Information
Market Cap $135.1mil
Revenues $8.66 mil (last 12 months)
Net Income $-0.5 mil (last 12 months)
IPO Profile
Symbol AFCO
Exchange NYSE
Shares (millions): 6.0
Price range $8.00 - $8.00
Est. $ Volume $48.0 mil
Manager / Joint Managers Deutsche Bank Securities/ Citigroup/ Raymond James/ RBC Capital Markets/ FBR
CO-Managers Janney Montgomery Scott/ Oppenheimer & Co./ Wunderlich
Expected To Trade: 10/20/2015
Status: Priced
Quiet Period Expiration Date:
Lock-Up Period Expiration Date:
SCOOP Rating
Rating Change