v3.26.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
OPERATING REVENUES:        
Rental income $ 5,705 $ 6,024 $ 12,002 $ 12,994
Total operating revenues 9,397 9,960 19,499 20,212
OPERATING EXPENSES        
Depreciation, depletion and amortization 905 1,130 1,815 2,303
Property operating expenses 1,427 1,606 2,643 3,086
Cost of goods sold 878 1,464 1,160 2,128
Provision for credit loss allowance 782   2,601 69
Acquisition and due diligence costs   (3)   2
General and administrative expenses 1,691 2,413 3,617 4,965
Legal and accounting 312 657 679 1,101
Impairment of assets 751 16,821 751 16,821
Other operating expenses   5   17
Total operating expenses 6,746 24,093 13,266 30,492
OTHER (INCOME) EXPENSE:        
Other (income) (43) (123) (69) (256)
(Income) from equity method investment (17) (3) (38) (2)
(Gain) on disposition of assets, net (3,527) (24,228) (3,272) (24,991)
Interest expense 3,083 2,437 5,804 5,075
Total other (income) expense (504) (21,917) 2,425 (20,174)
Net income before income tax (benefit) expense 3,155 7,784 3,808 9,894
Income tax (benefit) expense 24 (8) 31 9
NET INCOME 3,131 7,792 3,777 9,885
Net (income) attributable to non-controlling interests in operating partnership (21) (190) (27) (244)
Net income attributable to the Company 3,110 7,602 3,750 9,641
Distributions on Series A Preferred Units   (743) (204) (1,486)
Net income available to common stockholders of Farmland Partners Inc. $ 3,079 $ 6,836 $ 3,485 $ 8,108
Basic and diluted per common share data:        
Basic net income available to common stockholders $ 0.07 $ 0.15 $ 0.08 $ 0.18
Diluted net income available to common stockholders $ 0.07 $ 0.14 $ 0.08 $ 0.18
Basic weighted average common shares outstanding 43,368 45,248 43,283 45,418
Diluted weighted average common shares outstanding 43,368 53,984 43,283 54,184
Dividends declared per common share - regular and special $ 0.09 $ 0.06 $ 0.18 $ 0.12
Performance-based unvested restricted shares        
OTHER (INCOME) EXPENSE:        
Dividend equivalent rights or nonforfeitable distributions allocated to unvested restricted shares $ (8) $ (4) $ (16) $ (8)
Time-based unvested restricted shares        
OTHER (INCOME) EXPENSE:        
Dividend equivalent rights or nonforfeitable distributions allocated to unvested restricted shares (23) (19) (45) (39)
Crop sales        
OPERATING REVENUES:        
Revenue 1,080 1,439 1,344 2,286
Other revenue        
OPERATING REVENUES:        
Revenue $ 2,612 $ 2,497 $ 6,153 $ 4,932