---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-25-001147"
form_type: "8-K"
ticker: "FPI"
cik: "0001591670"
company_name: "Farmland Partners Inc."
filed_at: "2025-02-19T23:59:59+00:00"
generated_at: "2026-05-26T11:52:46.355169+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Farmland Partners FY2024 net income $61.5M, AFFO up 81% YoY, debt slashed

## Summary
- Net income $61.5M ($1.19/share) vs $31.7M ($0.55) in 2023; AFFO $14.1M ($0.29/share) up 81% YoY.
- Completed 54 farm dispositions for $312M; total gain on sale $54.1M.
- Debt reduced by $158.5M, eliminated floating rate debt; projected annual interest savings ~$10.9M.
- Debt-to-gross book value down to 27.2% from 36.3%; debt-to-EBITDAre from 11.5 to 6.3.
- Declared $1.15/share special dividend paid Jan 2025; repurchased 2.24M shares at $12.25 avg.

## SEC filing metadata
- accession: 0001558370-25-001147
- form_type: 8-K
- ticker: FPI
- cik: 0001591670
- company_name: Farmland Partners Inc.
- filed_at: 2025-02-19T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1591670/000155837025001147/0001558370-25-001147-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1591670/000155837025001147/fpi-20250219x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-25-001147
- JSON: https://secwatch.observer/filing/0001558370-25-001147.json
- Plain text: https://secwatch.observer/filing/0001558370-25-001147.txt

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