secwatch.observer — SEC 8-K summary
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Issuer:     Farmland Partners Inc. (FPI)
CIK:        0001591670
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001558370-24-006266
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1591670/000155837024006266/0001558370-24-006266-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1591670/000155837024006266/fpi-20240430x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-006266

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