Stockholders' Equity and Non-controlling Interests (Tables)
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6 Months Ended |
Jun. 30, 2026 |
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| Stockholders' Equity and Non-controlling Interests |
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| Schedule of changes in redeemable non-controlling interest in operating partnership |
| | | | | | | | | | | | | | | | | | | | | | Series A Preferred Units | | | | | | | | | | Redeemable | | Redeemable | | | | | | | | | | Preferred | | non-controlling | (in thousands) | | | | | | | | | units | | interests | Balance at December 31, 2024 | | | | | | | | | 99 | | $ | 101,970 | Distribution paid to non-controlling interest | | | | | | | | | — | | | (2,970) | Accrued distributions to non-controlling interest | | | | | | | | | — | | | 1,485 | Redemption of Series A preferred units | | | | | | | | | — | | | — | Balance at June 30, 2025 | | | | | | | | | 99 | | $ | 100,485 | | | | | | | | | | | | | | Balance at December 31, 2025 | | | | | | | | | 68 | | $ | 70,583 | Distribution paid to non-controlling interest | | | | | | | | | — | | | (2,583) | Accrued distributions to non-controlling interest | | | | | | | | | — | | | — | Redemption of Series A preferred units | | | | | | | | | (68) | | | (68,000) | Balance at June 30, 2026 | | | | | | | | | — | | $ | — |
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| Schedule of declaration and payment of distribution |
| | | | | | | | | | | | | | | | | | Fiscal Year | | Declaration Date | | Record Date | | Payment Date | | Distributions
per Common
Share/OP unit | 2026 | | December 15, 2025 | | December 23, 2025 | | January 7, 2026 | | $ | 0.2000 | | | October 28, 2025 | | January 2, 2026 | | January 15, 2026 | | $ | 0.0600 | | | February 17, 2026 | | April 1, 2026 | | April 15, 2026 | | $ | 0.0900 | | | | | | | | | | | | | | | | | $ | 0.3500 | | | | | | | | | | | | | | | | | | | 2025 | | December 13, 2024 | | December 23, 2024 | | January 8, 2025 | | $ | 1.1500 | | | October 29, 2024 | | January 2, 2025 | | January 15, 2025 | | $ | 0.0600 | | | February 18, 2025 | | April 1, 2025 | | April 15, 2025 | | $ | 0.0600 | | | | | | | | | | | | | | | | | $ | 1.2700 |
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| Summary of non-vested shares |
| | | | | | | | | | | | | | | | | | | | | | | | | | | Time-based | | Performance-based | | | | | | | | | | | | Weighted | | | | Weighted | | | | | | | | | | Number of | | average grant | | Number of | | average grant | (shares in thousands) | | | | | | | | | shares | | date fair value | | shares | | date fair value | Unvested at December 31, 2024 | | | | | | | | | 328 | | $ | 11.15 | | 39 | | $ | 7.36 | Granted | | | | | | | | | 145 | | | 11.67 | | 28 | | | 7.71 | Vested | | | | | | | | | (153) | | | 11.13 | | — | | | — | Forfeited | | | | | | | | | — | | | — | | — | | | — | Unvested at June 30, 2025 | | | | | | | | | 320 | | $ | 11.40 | | 67 | | $ | 7.51 | | | | | | | | | | | | | | | | | | | Unvested at December 31, 2025 | | | | | | | | | 302 | | $ | 11.38 | | 67 | | $ | 7.51 | Granted | | | | | | | | | 120 | | | 11.51 | | 23 | | | 8.33 | Vested | | | | | | | | | (162) | | | 11.22 | | — | | | — | Forfeited | | | | | | | | | — | | | — | | — | | | — | Unvested at June 30, 2026 | | | | | | | | | 260 | | $ | 11.53 | | 90 | | $ | 7.72 |
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| Schedule of computation of basic and diluted earnings (loss) per share |
| | | | | | | | | | | | | | | For the three months ended | | For the six months ended | | | June 30, | | June 30, | (in thousands, except per share amounts) | | 2026 | | 2025 | | 2026 | | 2025 | Numerator for net income per share - basic: | | | | | | | | | | | | | Net income available to common stockholders of Farmland Partners Inc. | | $ | 3,079 | | $ | 6,836 | | $ | 3,485 | | $ | 8,108 | | | | | | | | | | | | | | Numerator for net income per share - diluted: | | | | | | | | | | | | | Net income available to common stockholders of Farmland Partners Inc. | | $ | 3,079 | | $ | 6,836 | | $ | 3,485 | | $ | 8,108 | Dividend equivalent rights allocated to performance-based unvested restricted shares | | | — | | | 4 | | | — | | | — | Nonforfeitable distributions allocated to time-based unvested restricted shares | | | — | | | — | | | — | | | — | Distributions on Series A preferred units | | | — | | | 743 | | | — | | | 1,486 | Numerator for net income per share - diluted: | | $ | 3,079 | | $ | 7,583 | | $ | 3,485 | | $ | 9,594 | | | | | | | | | | | | | | Denominator: | | | | | | | | | | | | | Weighted-average number of common shares - basic | | | 43,368 | | | 45,248 | | | 43,283 | | | 45,418 | Unvested time-based restricted shares | | | — | | | — | | | — | | | — | Unvested performance-based restricted shares | | | — | | | 35 | | | — | | | — | Redeemable non-controlling interest | | | — | | | 8,701 | | | — | | | 8,766 | Weighted-average number of common shares - diluted (1) | | | 43,368 | | | 53,984 | | | 43,283 | | | 54,184 | | | | | | | | | | | | | | Income per share attributable to common stockholders - basic | | $ | 0.07 | | $ | 0.15 | | $ | 0.08 | | $ | 0.18 | Income per share attributable to common stockholders - diluted | | $ | 0.07 | | $ | 0.14 | | $ | 0.08 | | $ | 0.18 |
| (1) | The limited partners’ outstanding Common units, or the non-controlling interests, (which may be redeemed for shares of common stock) have not been included in the diluted earnings per share calculation as there would be no effect on the amounts since the limited partners’ share of income would also be added back to net income, therefore increasing both net income and shares. The weighted average number of Common units held by the non-controlling interest was 0.3 million and 1.1 million during the three months ended June 30, 2026 and 2025, respectively, and 0.3 million and 1.2 million during the six months ended June 30, 2026 and 2025, respectively. |
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| Schedule of equity awards and units outstanding |
| | | | | | | | | | | | | | | | | | | | | | June 30, | | | December 31, | | | | | | | | | | 2026 | | | 2025 | Shares | | | | | | | | | 43,369 | | | 42,791 | Common Units | | | | | | | | | 293 | | | 749 | Unvested Restricted Stock Awards | | | | | | | | | 260 | | | 302 | | | | | | | | | | 43,922 | | | 43,842 |
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