Subsequent Events	12 Months Ended
Dec. 31, 2024
Subsequent Events
Subsequent Events	Note 13—Subsequent Events We have evaluated subsequent events and transactions for potential recognition or disclosure in the financial statements through the day the financial statements were issued. Dividends On February 18, 2025, the Company’s Board of Directors declared a quarterly cash dividend of $0.06 per share of common stock and Common unit payable on April 15, 2025 to stockholders and unitholders of record as of April 1, 2025. Additionally, subsequent to December 31, 2024, the Company paid dividends totaling $57.2 million including $54.4 million as a one-time special dividend of $1.15 per share related to asset appreciation. These dividends were accrued as of December 31, 2024. Share Repurchase Program Subsequent to December 31, 2024, the Company repurchased 63,023 shares of common stock at a weighted average price of $11.74 per share. Real Estate Dispositions Subsequent to December 31, 2024, the Company completed one farm disposition in the West Coast region for $4.1 million in aggregate consideration, including $2.1 million in seller financing. Repayments on Mortgage Notes Payable In connection with the disposition mentioned above, the Company made principal repayments on MetLife Term Loan #9 of $2.0 million subsequent to December 31, 2024. Issuances and Repayments of Loans under the FPI Loan Program Subsequent to December 31, 2024, in addition to the $2.1 million in seller financing noted above, the Company issued two additional loans under the FPI Loan Program for an aggregate principal amount of approximately $3.1 million to third-party farmers (both tenant and non-tenant) and landowners. Total principal repayments on the FPI Loan Program subsequent to December 31, 2024 were $2.0 million.

Subsequent Events

12 Months Ended

Dec. 31, 2024

Note 13—Subsequent Events

We have evaluated subsequent events and transactions for potential recognition or disclosure in the financial statements through the day the financial statements were issued.

Dividends

On February 18, 2025, the Company’s Board of Directors declared a quarterly cash dividend of $0.06 per share of common stock and Common unit payable on April 15, 2025 to stockholders and unitholders of record as of April 1, 2025.

Additionally, subsequent to December 31, 2024, the Company paid dividends totaling $57.2 million including $54.4 million as a one-time special dividend of $1.15 per share related to asset appreciation. These dividends were accrued as of December 31, 2024.

Share Repurchase Program

Subsequent to December 31, 2024, the Company repurchased 63,023 shares of common stock at a weighted average price of $11.74 per share.

Real Estate Dispositions

Subsequent to December 31, 2024, the Company completed one farm disposition in the West Coast region for $4.1 million in aggregate consideration, including $2.1 million in seller financing.

Repayments on Mortgage Notes Payable

In connection with the disposition mentioned above, the Company made principal repayments on MetLife Term Loan #9 of $2.0 million subsequent to December 31, 2024.

Issuances and Repayments of Loans under the FPI Loan Program

Subsequent to December 31, 2024, in addition to the $2.1 million in seller financing noted above, the Company issued two additional loans under the FPI Loan Program for an aggregate principal amount of approximately $3.1 million to third-party farmers (both tenant and non-tenant) and landowners. Total principal repayments on the FPI Loan Program subsequent to December 31, 2024 were $2.0 million.