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.
Total operating revenue increased by 12% to $20.0 million compared to Q4 2020.
Operating income increased by 17% to $11.3 million compared to the same period in 2020.
Net income increased to $13.2 million, compared to $6.4 million for the same period in 2020.
Adjusted Funds from Operations (AFFO) increased to $8.9 million, compared to $5.0 million for the same period in 2020.
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