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Dec 31, 2023
Farmland Partners Q4 2023 Earnings Report
Farmland Partners reported full year results for 2023, completed asset sales, and returned capital to shareholders.
Key Takeaways
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.
Net income increased to $31.7 million, or $0.55 per share, compared to $12.0 million, or $0.16 per share in the previous year.
AFFO decreased to $8.1 million, or $0.16 per share, compared to $15.8 million, or $0.30 per share in the previous year.
Completed dispositions of 74 properties for approximately $195.5 million, recognizing a gain on sale of approximately $36.1 million.
Declared a one-time special dividend of $0.21 per share in December 2023.
Revenue by Segment
Forward Guidance
Farmland Partners plans to continue selectively pruning its portfolio and further reduce overhead expenses in 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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