Farmland Partners Q2 net income $7.8M, EPS $0.15; revenue down 13%

Farmland Partners Inc.

2025-Q2 EPS reported $0.18 revenue$20,212,000

Net income of $7.8M vs ($2.1M) in Q2 2024; diluted EPS $0.15 vs ($0.06).
AFFO of $1.3M ($0.03/share) vs $0.5M ($0.01) in prior year.
Sold 32 properties for $71.6M, gain $24.2M; repurchased 2.1M shares at avg $11.19.
Recorded $16.8M impairments on California permanent crop farms due to crop and water dynamics.
Total operating revenues $9.96M, down 13% YoY; NOI $6.89M down 21.8%.

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