Highest-materiality recent filing
Farmland Partners stockholders elect all five directors, ratify Crowe as auditor, approve say-on-pay
Director elections: Fabbri 21.8M, Good 18.0M, Moore 15.4M, Pittman 20.6M, Sherrick 17.9M for; broker non-votes 12.0M each.
Net income $0.6M ($0.01 per share) vs $2.1M ($0.03) Q1 2025; AFFO $2.1M ($0.05 per share) flat YoY.
Farmland Partners FY25 AFFO $0.39/share beats guidance; raises quarterly dividend 50% to $0.09
Net income $32.2M ($0.65/sh) vs $61.5M ($1.19) YoY; AFFO $17.9M ($0.39/sh) beats $0.34 midpoint guidance.
FPI Q3 AFFO $0.07/share (up 133%); guides 2025 AFFO to $0.32-$0.36; sells brokerage for $5.3M
Q3 AFFO $2.9M ($0.07/share) vs $1.4M ($0.03) YoY; revenue $11.3M (-15.5%); net income $0.5M ($0.00).
Farmland Partners Q2 net income $7.8M, EPS $0.15; revenue down 13%
Net income of $7.8M vs ($2.1M) in Q2 2024; diluted EPS $0.15 vs ($0.06).
Farmland Partners' say-on-pay proposal fails at 2025 annual meeting
Proposal 3 (Say-on-Pay) received 13.35M For vs 14.05M Against, failing to pass advisory vote.
Farmland Partners Q1 net income $2.1M ($0.03/sh); raises 2025 AFFO guidance to $0.28-$0.34
Net income $2.1M ($0.03/sh) vs $1.4M ($0.01) YoY; AFFO $2.3M ($0.05) vs $2.8M ($0.06).
Farmland Partners dismisses Plante & Moran, engages Crowe LLP as new auditor
Audit Committee dismissed Plante & Moran as independent auditor effective February 25, 2025.
Farmland Partners FY2024 net income $61.5M, AFFO up 81% YoY, debt slashed
Net income $61.5M ($1.19/share) vs $31.7M ($0.55) in 2023; AFFO $14.1M ($0.29/share) up 81% YoY.
Net income $1.8M ($0.02/share) vs $4.3M in Q3 2023; AFFO $1.4M ($0.03/share) vs ($0.5M) loss.
Farmland Partners sells 46 farms for $289M; reduces debt by $146.6M
Completed sale of 46 farms (41,554 acres) in eight states for $289M to Farmland Reserve, Inc.
Farmland Partners agrees to sell 46 farms for $289M; expects ~$50M gain
Portfolio of 46 farms (41,554 acres) sold to Farmland Reserve for $289M all-cash; close Oct 16, 2024.
Farmland Partners appoints Dr. Bruce Sherrick to its board of directors
Board increased from five to six directors; Sherrick appointed effective July 23, 2024.
Farmland Partners Q2 net loss $2.1M; AFFO turns positive to $0.5M
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.
Farmland Partners appoints Susan Landi as CFO, succeeding James Gilligan
Susan Landi appointed CFO and Treasurer effective May 28, 2024; previously VP of Finance since 2019.
Farmland Partners Q1 AFFO rises 80% to $2.8M; raises FY2024 AFFO guidance
Net income $1.4M ($0.01/share) vs $1.7M in Q1 2023; revenue down 5.4% to $12.0M.
All five director nominees elected: Fabbri 24.8M for, Good 20.7M, Grafton 20.9M, Moore 17.3M, Pittman 23.8M.
On July 23, 2024, the Board of Directors (the “Board”) of Farmland Partners Inc. (the “Company”) increased the size of the Board from five directors to six directors, and appointed Bruce J. Sherrick as an independent director, effective immediately, to fill the vacancy created by the increase in the number of directors.
On May 28, 2024, the Company also announced the appointment, effective immediately, of Susan Landi as the Company’s new Chief Financial Officer and Treasurer.
On May 28, 2024, Farmland Partners Inc. (the “Company”) announced that the Company and James Gilligan, the Company’s Chief Financial Officer and Treasurer, mutually agreed to separate.
Max materiality 0.85 · Median 0.65 · Most common event earnings