Strong AFFO Performance
AFFO for the three months ended September 30, 2025, was $2.9 million or $0.07 per share, higher than the same period for 2024, driven by lower interest expenses and increased interest income.
Sale of Murray Wise Associates
A strategic sale of the brokerage and third-party farm management subsidiary, Murray Wise Associates, simplifying operations and providing a good outcome for shareholders.
Exchange of Series A Preferred Units
Exchanged $31 million worth of Series A preferred units for properties in Illinois, with a 56% appreciation over 10 years.
Special Dividend Announcement
Plan to issue a special dividend in the range of $0.18 to $0.22 per share in January 2026.
Reduction in Interest Expenses
Interest expense decreased by $3.2 million for the three months ended and $8.4 million for the nine months ended September 30, 2025.