Highest-materiality recent filing
Farmland Partners Q2 AFFO per share up 33% to $0.04; NOI up 2.9%; guidance low-end raised
Net income $3.1M ($0.07) vs $7.8M ($0.15) in Q2 2025, down 60%.
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 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 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 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 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.
Farmland Partners 2023 net income $31.7M ($0.55/shr); AFFO $0.16/shr; sold $195.5M in assets
Net income $31.7M ($0.55/shr) vs $12.0M ($0.16/shr) in 2022, up 164.9%.
Farmland Partners Q3 net income $4.3M; AFFO turns negative; guides to $190M farm sales for 2023
Net income $4.3M ($0.07/share) in Q3 2023 vs $1.1M ($0.01/share) in Q3 2022.
Farmland Partners Q2 net income $7.9M; AFFO turns negative; $44.4M farm sales
Net income of $7.9M ($0.14/share) vs $3.0M ($0.04/share) YoY. AFFO of ($1.1M) vs $1.1M.
Farmland Partners increases stock repurchase authorization by $75M to ~$88M
Board approved $75M increase to existing stock repurchase program on May 3, 2023.
Farmland Partners Q1 net income $0.02/share, AFFO $0.03; plans $79-84M in asset sales
Net income of $1.7M ($0.02/share) vs $1.1M ($0.00/share) YoY; AFFO of $1.6M ($0.03/share) vs $2.1M ($0.04/share).
Farmland Partners reports record full-year 2022 revenue and AFFO; initiates 2023 guidance
Full-year 2022 net income $12.0M ($0.16/share) vs $10.3M ($0.17 loss) in 2021; AFFO $15.8M ($0.30/share) vs $0.4M ($0.01/share).
Farmland Partners enters $300M secured bond facility with Farmer Mac; $75M bond issued at SOFR+1.50%
Facility provides up to $300M aggregate principal; $25M of prior bonds counted against limit.
Farmland Partners appoints President Luca Fabbri as CEO; Pittman remains Executive Chairman
Luca Fabbri, current President, will become CEO after filing of 2022 10-K (expected late Feb 2023).
Farmland Partners posts Q3 net income $1.1M, raises 2022 AFFO guidance to $0.27-$0.31
Q3 net income of $1.1M ($0.01/share) vs loss of $2.7M ($(0.17)/share) in Q3 2021.
Farmland Partners Q2 net income improves to $3M; raises 2022 guidance, lawsuit dismissed
Q2 net income $3.0M ($0.04/share) vs loss of $(2.9)M ($(0.19)/share) in Q2 2021
Farmland Partners launches $100M ATM equity offering program with five sales agents
Up to $100M in common stock may be sold under new at-the-market program.
FPI Q1 AFFO ex-litigation $2.96M (up 229% YoY), dividend up 20% to $0.06/qtr, lawsuit dismissed
Net income $1.1M (incl. $0.7M gain on sale) vs $2.5M in Q1 2021; adjusted net income $2.0M vs $5.0M.
Farmland Partners Q4 revenue up 12% YoY to $20.0M; net income $13.2M; AFFO excl litigation $10.3M
Q4 operating revenue $20.0M (+12% YoY) and operating income $11.3M (+17% YoY).
Farmland Partners buys Murray Wise Associates for ~$8M; Murray Wise joins board
Acquired Murray Wise Associates for $5M cash + ~$3M in FPI common stock (total ~$8M).
Farmland Partners Q3 net loss $2.7M; litigation expense drag results, but lease renewals up >10%
Q3 2021 net loss $2.7M ($0.17/diluted share) vs net income $0.6M in Q3 2020; adjusted for litigation net loss $0.4M.
Farmland Partners appoints Luca Fabbri as President, James Gilligan as CFO and Treasurer
Luca Fabbri, former CFO, appointed President immediately; Paul Pittman remains Executive Chairman and CEO.
Conversion of ~5.8M Series B preferred shares into ~12.1M common shares at ratio of 2.08718 per share.
FPI reports Q2 net loss of $2.9M; litigation expenses $2.7M; completed $29.9M acquisitions
Net loss $2.9M for Q2 2021 vs net income $0.2M in Q2 2020; per share loss $0.19.
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.
On December 26, 2023, Murray R. Wise resigned from the Board of Directors (the “Board”) of Farmland Partners Inc. (the “Company”) effective as of December 31, 2023.
On March 16, 2023, the Board of Directors (the “Board”) of Farmland Partners Inc. (the “Company”) increased the size of the Board from eight directors to nine directors and appointed Jennifer S. Grafton as an independent director, effective immediately, to fill the vacancy created by the increase in the number of directors.
Paul A. Pittman, the Company’s previous Chief Executive Officer and Executive Chairman of the Board will continue to serve as Executive Chairman of the Board and as a full-time employee of the Company following the Transition.
Luca Fabbri, the President of Farmland Partners Inc. (the “Company”), assumed the position of Chief Executive Officer and was appointed to the Company’s Board of Directors
On January 24, 2023, Toby L. O’Rourke informed the board of directors (the “Board”) of Farmland Partners Inc. (the “Company”) of her resignation as a member of the Board, effective immediately.
Following the Transition, Mr. Pittman will retain Executive Chairman of the Board.
Mr. Fabbri will be appointed to the Board effective on the Transition Date.
appointed Luca Fabbri, the Company’s current President, as Chief Executive Officer effective following the filing of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022
On November 30, 2021, the Board of Directors (the “Board”) of Farmland Partners Inc. (the “Company”) increased the size of the Board from seven directors to eight directors and appointed Danny D. Moore as an independent director, effective immediately, to fill the vacancy created by the increase in the number of directors.
Max materiality 0.85 · Median 0.65 · Most common event earnings