secwatch.observer — SEC 8-K summary
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Issuer:     Farmland Partners Inc. (FPI)
CIK:        0001591670
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001558370-24-010039
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Farmland Partners Q2 net loss $2.1M; AFFO turns positive to $0.5M
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- Net loss of $2.1M ($0.06/share) vs net income $7.9M ($0.14) a year ago; prior period included $11.1M gain on sale.
- AFFO of $0.5M ($0.01/share) improved from ($1.1M) in Q2 2023; excludes $1.4M severance expense.
- Total operating revenues down 1.2% to $11.4M; operating expenses decreased 7.0%.
- Adjusted EBITDAre up 20.8% to $6.5M; Net operating income up 7.8%.
- Appointed Susan Landi as CFO and Treasurer; portfolio dispositions in 2023 lowered debt and improved efficiency.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1591670/000155837024010039/0001558370-24-010039-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1591670/000155837024010039/fpi-20240724x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-010039

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer