Farmland Partners Q4 revenue up 12% YoY to $20.0M; net income $13.2M; AFFO excl litigation $10.3M

Farmland Partners Inc.

2021-FY EPS reported -$0.17 revenue$51,739,000

Q4 operating revenue $20.0M (+12% YoY) and operating income $11.3M (+17% YoY).
Q4 net income $13.2M vs $6.4M prior year; AFFO excl litigation $10.3M vs $6.9M.
FY2021 net income $10.2M; AFFO excl litigation $8.6M vs $4.5M in 2020.
Acquired Murray Wise Associates for $8.1M, adding farm management, brokerage, and auction capabilities.
Reached settlement with Quinton Mathews over false claims used in 'short and distort' scheme targeting FPI.

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