After only six months as a publicly traded company, 's board ofdirectors has embarked on a review of strategic alternatives to enhance shareholdervalue, including an outright sale of the company.

The farmland REIT said that, since its Oct. 19, 2015, , its shares have consistentlytraded at a "substantial discount" to NAV, which was estimated to be $10.05per share at Dec. 31, 2015, based upon independent third-party appraisals of theREIT's farms. The company's stock closed at $6.50 per share April 14.

American Farmland retained Citigroup Global Markets Inc. andRaymond James & Associates Inc. as its financial advisers and Goodwin ProcterLLP as legal counsel to assist in the review of strategic alternatives, which alsocould include joint ventures, a merger of the company or sale of a part of the companyand/or its assets.

The company has not set a definitive timetable for completionof the process and does not intend to disclose further developments until its boardof directors approves a specific action or concludes the review.