secwatch.observer — SEC 8-K summary
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Issuer:     Farmland Partners Inc. (FPI)
CIK:        0001591670
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001558370-23-007858
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmland Partners Q1 net income $0.02/share, AFFO $0.03; plans $79-84M in asset sales
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- Net income of $1.7M ($0.02/share) vs $1.1M ($0.00/share) YoY; AFFO of $1.6M ($0.03/share) vs $2.1M ($0.04/share).
- Repurchased 1.46M shares at avg $9.99 in Q1; additional 1.18M at $10.75 after quarter-end.
- Post-quarter, 11 farms under contract for ~$42M (gain $9-11M); planned auctions for $37-42M.
- Total operating revenues $12.7M (down 8.8% YoY); operating income $4.8M (up 12.0%).
- Liquidity of $159.2M; completed one farm acquisition ($8.9M) and three dispositions ($3.3M).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1591670/000155837023007858/0001558370-23-007858-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1591670/000155837023007858/fpi-20230503x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-007858

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