---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-016719"
form_type: "8-K"
ticker: "FPI"
cik: "0001591670"
company_name: "Farmland Partners Inc."
filed_at: "2023-10-25T23:59:59+00:00"
generated_at: "2026-06-09T10:44:31.796168+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Farmland Partners Q3 net income $4.3M; AFFO turns negative; guides to $190M farm sales for 2023

## Summary
- Net income $4.3M ($0.07/share) in Q3 2023 vs $1.1M ($0.01/share) in Q3 2022.
- AFFO of ($0.5M) or ($0.01/share) vs AFFO of $2.5M ($0.05/share) prior year.
- Completed 35 farm dispositions for $71.1M with $10.3M gain; one acquisition $11.0M.
- Repurchased 618,073 shares in Q3 at avg $10.89; 152,211 additional shares after quarter-end.
- Plans to sell up to ~$65M more farmland (total ~$190M for 2023); lease renewals with 18-20% rent increases.

## SEC filing metadata
- accession: 0001558370-23-016719
- form_type: 8-K
- ticker: FPI
- cik: 0001591670
- company_name: Farmland Partners Inc.
- filed_at: 2023-10-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591670/000155837023016719/0001558370-23-016719-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591670/000155837023016719/fpi-20231025x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-016719
- JSON: https://secwatch.observer/filing/0001558370-23-016719.json
- Plain text: https://secwatch.observer/filing/0001558370-23-016719.txt

## Key facts
- Earnings Releases
  Farmland Partners Inc. reported the three and nine months ended September 30, 2023 results: revenue $11,617, net income $4,315, EPS $0.07. Guidance raised.
  - Period: the three and nine months ended September 30, 2023
  - Revenue: $11,617
  - Net income: $4,315
  - EPS: $0.07
  - Guidance: raised
  - Result: reported results
  source text: ​ $ 19,649 ​ (4.3) % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating Results: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Operating Revenues ​ ​ ​ ​ ​ ​ ​ $ 11,617 ​ $ 13,140 ​ (11.6) % ​ $ 35,874 ​ $ 39,387 ​ (8.9) % Operating Income ​ ​ ​ ​ ​ ​ ​ $ 15 ​ $ 4,725 ​ (99.7) % ​ $ 7,608 ​ $ 12,496 ​ (39.1) % Net Operating Income (NOI) ​ ​ ​ ​ ​
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591670/000155837023016719/0001558370-23-016719-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.