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We are an externally-managed, agricultural real estate investment trust ( REIT ) that is primarily in the business of owning and leasing farmland, including through lease structures with a variable rent component based on the gross revenues generated from certain farms in lieu of fixed base rent. We are not generally a grower of crops, nor do we typically farm the properties we own, though from…
86.49% operating margin is above average. ROIC at 7.76%. Note that capital returns lag the margin, the business may be capital-intensive despite high margins.
Revenue grew 3.7%, steady but not accelerating.
Insufficient data to identify specific risks. Treat any missing metrics as a data gap, not a clean bill of health.
Profitability & Returns
Revenue (TTM)
$88M
▲ +3.7% YoY
Net Income (TTM)
-$6M
▲ +1.8% YoY
Op. Margin
86.49%
ROIC
7.76%
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
$12M
▼ -76.3% YoY
Net Debt
$476M
Cash & Equiv.
$9M
5Y CAGR: +9.1%
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