Farmland Partners CEO Expects Agricultural Land Values To Trend Higher

Paul Pittman, chairman, president and CEO of Farmland Partners Inc. (NYSE: FPI), joined REIT.com for a CEO Spotlight video interview at REITWorld 2014: NAREIT’s Annual Convention for All Things REIT at the Atlanta Marriott Marquis.

Farmland Partners invests in primary row crop farmland throughout North America. The substantial majority of the farms in the current portfolio are devoted to primary crops such as corn, soybeans and wheat. Farmland became a publicly traded company earlier this year.

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Quick Study: REIT Gains in October Continue Upward Historical Trend

In the latest edition of Quick Study, Brad Case, NAREIT’s senior vice president for research and industry information, noted that REITs continued to outperform the broader stock market during October with solid gains across most property types.

“It was another very strong month,” Case said. The FTSE NAREIT All REITs Index had a total return of 8.7 percent in October. The S&P 500 Index gained 2.4 percent for the month. Looking at year-to-date data, Case pointed out that while the S&P 500 has gained about 11 percent, REIT returns are close to 23 percent.

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