---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-006266"
form_type: "8-K"
ticker: "FPI"
cik: "0001591670"
company_name: "Farmland Partners Inc."
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:25:42.775021+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Farmland Partners Q1 AFFO rises 80% to $2.8M; raises FY2024 AFFO guidance

## Summary
- Net income $1.4M ($0.01/share) vs $1.7M in Q1 2023; revenue down 5.4% to $12.0M.
- AFFO grew to $2.8M ($0.06/share) from $1.6M; record first-quarter AFFO.
- Raised FY2024 AFFO guidance to $0.19-$0.26 per share from $0.15-$0.23.
- Acquired three properties for $16.3M; total real estate book value fell 12.2% to $1.00B.
- Q1 included ~$1.2M in forfeited deposit income from terminated repurchase agreement.

## SEC filing metadata
- accession: 0001558370-24-006266
- form_type: 8-K
- ticker: FPI
- cik: 0001591670
- company_name: Farmland Partners Inc.
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1591670/000155837024006266/0001558370-24-006266-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591670/000155837024006266/fpi-20240430x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-006266
- JSON: https://secwatch.observer/filing/0001558370-24-006266.json
- Plain text: https://secwatch.observer/filing/0001558370-24-006266.txt

## Key facts
- Earnings Releases
  Farmland Partners Inc. reported quarter ended March 31, 2024 results: revenue $11,990, net income $1,408, EPS $0.01. Guidance raised.
  - Period: quarter ended March 31, 2024
  - Revenue: $11,990
  - Net income: $1,408
  - EPS: $0.01
  - Guidance: raised
  - Result: reported results
  source text: share ​ $ 0.06 ​ $ 0.03 ​ ​ 100.0 % Adjusted EBITDAre (2) ​ $ 8,582 ​ $ 7,088 ​ ​ 21.1 % ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating Results: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Total Operating Revenues ​ $ 11,990 ​ $ 12,672 ​ ​ (5.4) % Net Operating Income (NOI) ​ $ 9,651 ​ $ 9,544 ​ ​ 1.1 % NM = Not Meaningful (1) Basic net income per share available to common stockholders. See “Note
  evidence_url: https://www.sec.gov/Archives/edgar/data/1591670/000155837024006266/0001558370-24-006266-index.htm

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