Farmland Partners experienced a challenging fourth quarter in 2025 with a notable decline in total revenue and net income. Despite these setbacks, the company demonstrated strong growth in Adjusted Funds From Operations (AFFO) per share, indicating improved operational efficiency.
Farmland Partners Inc. delivered a strong financial performance in Q3 2025, with net income of $0.5 million and AFFO of $2.9 million, representing a significant increase from the prior year. The company also increased its fiscal year 2025 AFFO guidance and announced the sale of its brokerage and farm management business, streamlining its operations.
Farmland Partners Inc. delivered a strong second quarter in 2025, reporting a net income of $7.8 million, a significant improvement from a loss in the prior year. This positive performance was largely attributed to substantial gains from the disposition of 32 properties, totaling $71.6 million, and a notable increase in AFFO. The company also actively repurchased shares and reduced debt, demonstrating a commitment to enhancing shareholder returns. However, total operating revenues saw a decline, and the company recorded a significant impairment on its California permanent crop properties due to changing crop and water dynamics.
Farmland Partners Inc. reported strong first quarter 2025 results with increased net income and raised fiscal year 2025 guidance. The company's strategy of optimizing operations, strategic dispositions, stock buybacks, and the stability of farmland assets contributed to strong shareholder returns, aided by increased interest income, reduced interest expense, and revenue from a solar power arrangement.
Farmland Partners Inc. reported a very strong year in 2024, successfully executing strategies to reduce overhead, enhance operational efficiencies, and selectively dispose of assets. The company significantly reduced its total indebtedness by $158.5 million and increased AFFO per share by over 80% year-over-year. Net income also saw a substantial increase.
Farmland Partners Inc. reported a strong operating quarter with a net income of $1.8 million and increased total operating revenues by 14.6%. The company has also increased 2024 earnings guidance and projects a special dividend of at least $1.00 per share.
Farmland Partners reported a net loss of $2.1 million, or -$0.06 per share, compared to a net income of $7.9 million, or $0.14 per share, for the same period in 2023. However, AFFO improved to $0.5 million, or $0.01 per share, compared to -$1.1 million, or -$0.02 per share, for the same period in 2023, excluding a one-time severance expense. The company's performance was driven by portfolio improvements and cost-saving initiatives.
Farmland Partners Inc. reported a strong first quarter with a net income of $1.4 million and AFFO of $2.8 million. The company also increased its 2024 AFFO guidance range to $0.19 to $0.26 per share.
Farmland Partners Inc. reported a net income of $31.7 million for the year ended December 31, 2023, compared to $12.0 million for the same period in 2022. The company completed dispositions of 74 properties for approximately $195.5 million and declared a one-time special dividend of $0.21 per share.
Farmland Partners Inc. reported a significant increase in net income for Q3 2023, driven by gains from farm dispositions. However, AFFO decreased compared to the same period in the previous year. The company continued its strategy of selectively pruning its portfolio through asset sales and redeploying capital into stock buybacks, debt repayment, and acquisitions. They also increased guidance based on the value appreciation through asset sales.
Farmland Partners Inc. reported a significant increase in net income for Q2 2023, driven by gains on farm dispositions. However, AFFO decreased compared to the same period last year. The company is focusing on farm sales to reduce high-cost debt and is experiencing lower transaction volumes in auction and brokerage channels.
Farmland Partners Inc. reported a net income of $1.7 million, or $0.02 per share, for the quarter ended March 31, 2023. The company also repurchased 1,458,386 shares of its common stock at a weighted average price of $9.99 per share.
Farmland Partners Inc. reported a decrease in net income for Q4 2022 compared to the same period in 2021, but an increase in AFFO. The company highlighted a strong year with record total revenue and AFFO, driven by higher rents, increased auction and brokerage fee revenue, and lower litigation expenses.
Farmland Partners Inc. reported a strong third quarter in 2022, with AFFO increasing by $5.7 million and operating income up over 200% compared to Q3 2021. The company benefited from higher rents, increased auction and brokerage fee revenue, increased direct operations gross profit, and lower litigation expenses. The outlook for 2022 remains positive, and the company increased both the bottom and top ends of its guidance range.
Farmland Partners Inc. reported an outstanding second quarter in 2022, with a significant increase in AFFO and operating income. The company also successfully reduced debt and renewed leases at higher rental rates. Additionally, they achieved vindication from the 2018 short and distort scheme through the dismissal of the class action lawsuit.
Farmland Partners Inc. reported a net income of $1.1 million for Q1 2022, which includes a $0.7 million gain on the sale of properties. AFFO increased to $2.1 million, and the company decreased debt by $48.4 million. A class action lawsuit against FPI was dismissed, and the quarterly dividend was increased by 20% to $0.06 per share.
Farmland Partners Inc. reported a strong fourth quarter and fiscal year 2021, with significant improvements in operating performance. The company recorded increases in operating revenue, operating income, and net income during the fourth quarter. It also completed strategic acquisitions and dispositions, enhancing its farm management capabilities and increasing cash flow.
Farmland Partners Inc. reported their Q3 2021 financial results, highlighting the conversion of Series B Preferred Stock to common stock and strong farmer profits driving lease renewals.
Farmland Partners Inc. reported a solid quarter, driven by the demand-driven bull market in commodities, which is generating positive momentum in land values and lease renewal rates. Specialty crop performance is on track to exceed 2020, especially in citrus. The company believes it positioned itself to begin bringing both the class action litigation and the remaining affirmative case against Sabrepoint Partners to successful resolution.
Farmland Partners Inc. reported a strong first quarter in 2021, highlighted by positive momentum in land values and lease renewal rates, driven by demand and farm productivity gains. However, the results were impacted by $2.5 million in legal expenses related to the Rota Fortunae litigation.
Farmland Partners Inc. reported its financial results for the fourth quarter and fiscal year ended December 31, 2020, focusing on strategic growth initiatives and navigating the challenges posed by COVID-19. The company focused on opportunistic asset sales and accretive stock repurchases.
Farmland Partners Inc. reported financial results for the quarter ended September 30, 2020, with net income of $0.6 million and basic net loss to common stockholders of $0.09 per share. Total operating revenues were $10.6 million, compared to $9.8 million for the same period in 2019. The company completed one disposition consisting of four properties in the Corn Belt region for a total consideration of $5.2 million and an aggregate gain on sale of $1.3 million.
Farmland Partners Inc. reported a net income of $0.2 million for the quarter ended June 30, 2020, with a basic net loss to common stockholders of $0.10 per share. Total operating revenues were $10.5 million, and operating income was $3.7 million.
Farmland Partners Inc. reported a relatively stable performance in the first quarter of 2020, with net income of $0.4 million and total operating revenues of $11.7 million. The company did not complete any acquisitions or dispositions during the quarter. The direct impact of the COVID-19 pandemic on the Company’s business and operations has been limited.
Farmland Partners reported an increase in total revenues and operating income for the fourth quarter of 2019, with revenues reaching $21.9 million and operating income at $14.6 million. Basic net income to common stockholders was $0.20 per share, and AFFO per share was $0.28.