secwatch.observer — SEC 8-K summary
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Issuer:     Farmland Partners Inc. (FPI)
CIK:        0001591670
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0001558370-23-016719
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1591670/000155837023016719/0001558370-23-016719-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1591670/000155837023016719/fpi-20231025x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-016719

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