secwatch.observer — SEC 8-K summary
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Issuer:     Farmland Partners Inc. (FPI)
CIK:        0001591670
Form:       8-K
Filed at:   2021-10-28T23:59:59+00:00
Accession:  0001104659-21-130593
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmland Partners Q3 net loss $2.7M; litigation expense drag results, but lease renewals up >10%
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- Q3 2021 net loss $2.7M ($0.17/diluted share) vs net income $0.6M in Q3 2020; adjusted for litigation net loss $0.4M.
- AFFO for Q3 was negative $3.2M as reported; negative $1.0M excluding litigation expense of $2.2M.
- Completed five acquisitions ($31M) and seventeen dispositions ($31.1M); asset management AUM over $50M.
- Lease renewal rates increased >10% across ~70% of year's renewals; CEO cites strong farmer profitability.
- Converted Series B Preferred to common stock effective Oct 4, improving cash flow and reducing leverage.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1591670/000110465921130593/0001104659-21-130593-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1591670/000110465921130593/tm2131192d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-130593

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