Farmland Partners Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Farmland Partners Inc reported revenue of $52.2M (-10.4% year on year) and net income of $32.2M (-47.6% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Rental income | $35.9M | $47.1M | $49.2M | $45.6M |
| Revenue | $16.2M | $11.1M | $8.3M | $15.6M |
| Total operating revenues | $52.2M | $58.2M | $57.5M | $61.2M |
| Depreciation, depletion and amortization | $4.2M | $5.6M | $7.5M | $7.0M |
| Property operating expenses | $5.6M | $7.4M | $8.7M | $8.2M |
| Cost of goods sold | $4.6M | $3.9M | $4.8M | $6.0M |
| Acquisition and due diligence costs | $2.0K | $28.0K | $17.0K | $111.0K |
| General and administrative expenses | $11.7M | $14.1M | $11.3M | $12.0M |
| Legal and accounting | $2.9M | $1.7M | $1.3M | $2.9M |
| Impairment of assets | $17.8M | $790.0K | $5.8M | — |
| Other operating expenses | $39.0K | $103.0K | $144.0K | $130.0K |
| Total operating expenses | $46.9M | $33.5M | $39.5M | $36.2M |
| Other (income) | ($493.0K) | ($123.0K) | ($39.0K) | ($663.0K) |
| (Income) from equity method investment | ($194.0K) | ($125.0K) | ($1.0K) | ($52.0K) |
| (Gain) on disposition of assets, net | ($35.9M) | ($54.1M) | ($36.1M) | ($2.6M) |
| Interest expense | $9.6M | $18.9M | $22.7M | $16.1M |
| Total other (income) | ($26.9M) | ($36.7M) | ($13.5M) | $12.8M |
| Net income before income tax benefit | $32.2M | $61.4M | $31.5M | $12.2M |
| Income tax benefit | ($15.0K) | ($16.0K) | ($166.0K) | $227.0K |
| NET INCOME | $32.2M | $61.5M | $31.7M | $12.0M |
| Net (income) attributable to non-controlling interests in operating partnership | ($627.0K) | ($1.5M) | ($768.0K) | ($286.0K) |
| Net income attributable to the Company | $31.5M | $59.9M | $30.9M | $11.7M |
| Dividend equivalent rights or nonforfeitable distributions allocated to unvested restricted shares | -165.0K | -513.0K | -157.0K | -63.0K |
| Distributions on Series A Preferred Units | ($2.6M) | ($3.0M) | ($3.0M) | — |
| Net income available to common stockholders of Farmland Partners Inc. | $28.8M | $56.4M | $27.8M | $8.4M |
| Basic net income available to common stockholders | $0.65 | $1.19 | $0.55 | $0.16 |
| Diluted net income available to common stockholders | $0.61 | $1.06 | $0.53 | $0.16 |
| Basic weighted average common shares outstanding | 44.2M | 47.5M | 50.2M | 51.0M |
| Diluted weighted average common shares outstanding | 51.3M | 56.0M | 58.3M | 51.0M |
| Dividends declared per common share - regular and special | $0.44 | $1.39 | $0.24 | $0.23 |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Rental income | $5.7M | $6.3M | $6.0M | $6.0M |
| Revenue | $3.7M | $3.8M | $5.3M | $3.9M |
| Total operating revenues | $9.4M | $10.1M | $11.3M | $10.0M |
| Depreciation, depletion and amortization | $905.0K | $910.0K | $938.0K | $1.1M |
| Property operating expenses | $1.4M | $1.2M | $1.4M | $1.6M |
| Cost of goods sold | $878.0K | $282.0K | $1.8M | $1.5M |
| Provision for credit loss allowance | $782.0K | $1.8M | — | — |
| General and administrative expenses | $1.7M | $1.9M | $2.2M | $2.4M |
| Legal and accounting | $312.0K | $367.0K | $808.0K | $657.0K |
| Impairment of assets | $751.0K | — | $1.0M | $16.8M |
| Total operating expenses | $6.7M | $6.5M | $8.2M | $24.1M |
| Other (income) | ($43.0K) | ($26.0K) | ($115.0K) | ($123.0K) |
| (Income) from equity method investment | ($17.0K) | ($21.0K) | ($163.0K) | ($3.0K) |
| (Gain) on disposition of assets, net | ($3.5M) | $255.0K | $531.0K | ($24.2M) |
| Interest expense | $3.1M | $2.7M | $2.3M | $2.4M |
| Total other (income) expense | ($504.0K) | $2.9M | $2.5M | ($21.9M) |
| Net income before income tax (benefit) expense | $3.2M | $653.0K | $483.0K | $7.8M |
| Income tax (benefit) expense | $24.0K | $7.0K | ($8.0K) | ($8.0K) |
| NET INCOME | $3.1M | $646.0K | $491.0K | $7.8M |
| Net (income) attributable to non-controlling interests in operating partnership | ($21.0K) | ($6.0K) | ($8.0K) | ($190.0K) |
| Net income attributable to the Company | $3.1M | $640.0K | $483.0K | $7.6M |
| Dividend equivalent rights or nonforfeitable distributions allocated to unvested restricted shares | -31.0K | -30.0K | -23.0K | -23.0K |
| Net income available to common stockholders of Farmland Partners Inc. | $3.1M | $406.0K | ($128.0K) | $6.8M |
| Basic net income available to common stockholders | $0.07 | $0.01 | $0.00 | $0.15 |
| Diluted net income available to common stockholders | $0.07 | $0.01 | $0.00 | $0.14 |
| Basic weighted average common shares outstanding | 43.4M | 43.2M | 43.2M | 45.2M |
| Diluted weighted average common shares outstanding | 43.4M | 43.2M | 43.2M | 54.0M |
| Dividends declared per common share - regular and special | $0.09 | $0.09 | $0.06 | $0.06 |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Land, at cost | $565.0M | $645.6M | $869.8M | $980.5M |
| Grain facilities | $7.5M | $7.7M | $12.2M | $11.3M |
| Groundwater | $8.9M | $11.0M | $11.5M | $17.7M |
| Irrigation improvements | $22.7M | $28.9M | $42.0M | $50.1M |
| Drainage improvements | $6.4M | $8.2M | $10.3M | $12.5M |
| Permanent plantings | $28.0M | $42.5M | $39.6M | $50.4M |
| Other | $3.3M | $4.0M | $4.7M | $7.0M |
| Construction in progress | $1.2M | $1.5M | $4.5M | $14.8M |
| Real estate, at cost | $643.1M | $749.4M | $994.6M | $1.1B |
| Less accumulated depreciation | ($26.8M) | ($31.6M) | ($33.1M) | ($38.4M) |
| Total real estate, net | $616.3M | $717.8M | $961.5M | $1.1B |
| Cash and cash equivalents | $9.3M | $78.4M | $5.5M | $7.7M |
| Assets held for sale | $0 | $61.0K | $28.0K | $33.0K |
| Loans and financing receivables, net | $80.2M | $55.3M | $31.0M | $21.9M |
| Right of use asset, net | $169.0K | $194.0K | $399.0K | $325.0K |
| Accounts receivable, net | $4.4M | $3.2M | $7.7M | $7.1M |
| Derivative asset | $141.0K | $498.0K | $1.7M | $2.1M |
| Inventory | $2.3M | $2.7M | $2.3M | $2.8M |
| Equity method investments | $4.2M | $4.1M | $4.1M | $4.2M |
| Prepaid and other assets | $2.0M | $2.2M | $2.4M | $3.2M |
| TOTAL ASSETS | $719.1M | $868.6M | $1.0B | $1.2B |
| Short-Term Debt | $160.8M | $203.7M | $360.9M | $436.9M |
| Lease liability | $169.0K | $194.0K | $399.0K | $325.0K |
| Dividends payable | $11.5M | $57.3M | $13.3M | $3.3M |
| Accrued interest | $2.1M | $3.1M | $4.7M | $4.1M |
| Accrued property taxes | $1.4M | $1.6M | $1.9M | $2.0M |
| Deferred revenue | $1.2M | $65.0K | $2.1M | $44.0K |
| Accrued expenses | $3.8M | $6.1M | $7.9M | $9.2M |
| Total liabilities | $181.1M | $272.0M | $391.2M | $455.9M |
| Redeemable non-controlling interest in operating partnership, Series A preferred units | $70.6M | $102.0M | $102.0M | $110.2M |
| Common stock, $0.01 par value, 500,000,000 shares authorized; 43,093,127 shares issued and outstanding at December 31, 2025, and 45,931,827 shares issued and outstanding at December 31, 2024 | 431.0K | 459.0K | 466.0K | 531.0K |
| Additional paid in capital | $520.9M | $552.0M | $577.3M | $647.3M |
| Retained earnings | $117.3M | $88.4M | $31.4M | $3.6M |
| Cumulative dividends | ($179.6M) | ($160.4M) | ($95.9M) | ($74.0M) |
| Other comprehensive income | $350.0K | $1.5M | $2.7M | $3.3M |
| Non-controlling interests in operating partnership | $8.0M | $12.7M | $13.0M | $13.2M |
| Total equity | $467.4M | $494.6M | $528.8M | $594.0M |
| TOTAL LIABILITIES, REDEEMABLE NON-CONTROLLING INTERESTS IN OPERATING PARTNERSHIP AND EQUITY | $719.1M | $868.6M | $1.0B | $1.2B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Land, at cost | $552.1M | $555.5M | $590.0M | $594.5M |
| Grain facilities | $7.2M | $7.2M | $7.5M | $7.5M |
| Groundwater | $8.9M | $8.9M | $8.9M | $8.9M |
| Irrigation improvements | $22.2M | $22.8M | $22.8M | $23.5M |
| Drainage improvements | $6.4M | $6.4M | $7.3M | $7.3M |
| Permanent plantings | $27.7M | $28.0M | $28.0M | $27.1M |
| Other | $3.2M | $3.2M | $3.5M | $4.0M |
| Construction in progress | $1.4M | $1.2M | $1.3M | $1.4M |
| Real estate, at cost | $629.1M | $633.2M | $669.3M | $674.1M |
| Less accumulated depreciation | ($27.9M) | ($27.4M) | ($26.3M) | ($25.5M) |
| Total real estate, net | $601.1M | $605.9M | $643.0M | $648.6M |
| Cash and cash equivalents | $11.4M | $17.7M | $13.5M | $51.1M |
| Loans and financing receivables, net | $76.4M | $77.6M | $64.1M | $64.1M |
| Right of use asset, net | $429.0K | $125.0K | $541.0K | $641.0K |
| Accounts receivable, net | $2.9M | $2.3M | $5.8M | $470.0K |
| Inventory | $3.0M | $2.8M | $2.2M | $2.6M |
| Equity method investments | $3.9M | $3.9M | $4.2M | $4.1M |
| Prepaid and other assets | $729.0K | $1.5M | $416.0K | $685.0K |
| TOTAL ASSETS | $699.8M | $711.7M | $738.5M | $776.7M |
| Short-Term Debt | $223.9M | $231.8M | $169.8M | $192.7M |
| Lease liability | $429.0K | $125.0K | $541.0K | $641.0K |
| Dividends payable | $4.1M | $4.0M | $2.7M | $2.8M |
| Accrued interest | $2.3M | $2.1M | $1.9M | $2.3M |
| Accrued property taxes | $1.3M | $1.7M | $1.9M | $1.2M |
| Deferred revenue | $1.6M | $5.3M | $63.0K | $175.0K |
| Accrued expenses | $3.1M | $3.1M | $3.2M | $2.8M |
| Total liabilities | $236.7M | $248.2M | $180.2M | $202.7M |
| Common stock, $0.01 par value, 500,000,000 shares authorized; 43,628,639 shares issued and outstanding at June 30, 2026, and 43,093,127 shares issued and outstanding at December 31, 2025 | 436.0K | 436.0K | 431.0K | 443.0K |
| Additional paid in capital | $526.2M | $525.8M | $520.4M | $533.4M |
| Retained earnings | $120.9M | $117.8M | $96.4M | $96.5M |
| Cumulative dividends | ($187.5M) | ($183.6M) | ($168.4M) | ($165.8M) |
| Non-controlling interests in operating partnership | $3.1M | $3.1M | $7.9M | $7.9M |
| Total equity | $463.1M | $463.5M | $457.3M | $473.5M |
| TOTAL LIABILITIES, REDEEMABLE NON-CONTROLLING INTERESTS IN OPERATING PARTNERSHIP AND EQUITY | $699.8M | $711.7M | $738.5M | $776.7M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $32.2M | $61.5M | $31.7M | $12.0M |
| Depreciation, depletion and amortization | $4.2M | $5.6M | $7.5M | $7.0M |
| Amortization of deferred financing fees and discounts/premiums on debt | $409.0K | $684.0K | $689.0K | $378.0K |
| Amortization of net origination fees related to notes receivable | ($2.5M) | ($341.0K) | ($19.0K) | ($37.0K) |
| Stock-based compensation | $2.2M | $2.3M | $1.9M | $1.5M |
| (Gain) on disposition of assets, net | ($35.9M) | ($54.1M) | ($36.1M) | ($2.6M) |
| (Income) from equity method investment | ($194.0K) | ($125.0K) | ($1.0K) | ($52.0K) |
| Current and expected credit losses | $1.9M | $113.0K | $76.0K | $92.0K |
| Impairment of assets | $17.8M | $790.0K | $5.8M | — |
| Amortization of dedesignated interest rate swap | ($814.0K) | ($114.0K) | $198.0K | $449.0K |
| Losses on modification and extinguishment of debt | $70.0K | $891.0K | — | — |
| (Increase) Decrease in accounts receivable | ($121.0K) | $2.9M | $865.0K | ($2.3M) |
| (Increase) Decrease in interest receivable | $52.0K | ($68.0K) | ($63.0K) | ($119.0K) |
| (Increase) Decrease in other assets | $295.0K | $1.2M | $112.0K | ($139.0K) |
| (Increase) Decrease in inventory | $343.0K | ($324.0K) | $473.0K | $251.0K |
| Increase (Decrease) in accrued interest | ($947.0K) | ($2.0M) | $611.0K | $1.4M |
| Increase (Decrease) in accrued expenses | ($1.8M) | ($561.0K) | ($1.5M) | ($1.5M) |
| Increase (Decrease) in deferred revenue | $303.0K | ($329.0K) | $564.0K | $56.0K |
| Increase (Decrease) in accrued property taxes | $19.0K | ($660.0K) | $136.0K | $252.0K |
| Net cash and cash equivalents provided by operating activities | $17.4M | $16.1M | $12.9M | $17.1M |
| Real estate acquisitions | ($7.3M) | ($17.9M) | ($22.2M) | ($54.4M) |
| Real estate and other improvements | ($544.0K) | ($1.5M) | ($5.8M) | ($4.2M) |
| Distributions from equity method investees | $50.0K | $161.0K | $50.0K | — |
| Collections of principal on loans | $6.0M | $11.8M | $2.7M | — |
| Issuances of loans and financing receivables | ($30.3M) | ($35.8M) | ($11.8M) | ($20.8M) |
| Proceeds from disposition of assets | $95.5M | $312.0M | $195.5M | $17.0M |
| Net cash and cash equivalents provided by investing activities | $63.4M | $268.8M | $158.5M | ($60.4M) |
| Borrowings from mortgage notes payable | $31.5M | $81.0M | $79.5M | $223.0M |
| Repayments on mortgage notes payable | ($74.5M) | ($239.5M) | ($155.9M) | ($296.9M) |
| Common stock repurchased | ($37.8M) | ($27.5M) | ($72.2M) | — |
| Payment of debt issuance costs | ($338.0K) | ($155.0K) | ($312.0K) | ($1.0M) |
| Payment of swap fees | ($126.0K) | ($366.0K) | ($437.0K) | ($291.0K) |
| Dividends on common stock | ($63.7M) | ($21.6M) | ($12.3M) | ($11.1M) |
| Shares withheld for income taxes on vesting of equity-based compensation | -316.0K | -185.0K | -43.0K | -186.0K |
| Distributions on Series A preferred units | ($3.0M) | ($3.0M) | ($3.2M) | ($3.5M) |
| Distributions to non-controlling interests in operating partnership, common | ($1.7M) | ($617.0K) | ($295.0K) | ($285.0K) |
| Net cash and cash equivalents (used in) financing activities | ($150.0M) | ($211.9M) | ($173.5M) | $20.8M |
| Net increase (decrease) in cash and cash equivalents | ($69.1M) | $73.0M | ($2.2M) | ($22.5M) |
| Cash and cash equivalents, beginning of period | $78.4M | $5.5M | $7.7M | $30.2M |
| Cash and cash equivalents, end of period | $9.3M | $78.4M | $5.5M | $7.7M |
| Cash paid during period for interest | $10.9M | $21.0M | $22.4M | — |
| Dividend payable, common stock | $11.3M | $55.8M | $13.0M | $3.3M |
| Dividend payable, common units | $2.8M | $4.5M | $3.3M | $3.3M |
| Distributions payable, Series A preferred units | $2.6M | $3.0M | $3.0M | $3.2M |
| Additions to real estate improvements included in accrued expenses | $23.0K | $253.0K | $275.0K | $853.0K |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $3.8M | $646.0K | $10.4M | $9.9M |
| Depreciation, depletion and amortization | $1.8M | $910.0K | $3.2M | $2.3M |
| Amortization of deferred financing fees and discounts/premiums on debt | $185.0K | $87.0K | $321.0K | $223.0K |
| Amortization of net origination fees related to notes receivable | ($1.5M) | ($872.0K) | ($1.9M) | ($1.2M) |
| Stock-based compensation | $902.0K | $468.0K | $1.6M | $1.0M |
| (Gain) on disposition of assets, net | ($3.3M) | $255.0K | ($24.5M) | ($25.0M) |
| (Income) from equity method investment | ($38.0K) | ($21.0K) | ($165.0K) | ($2.0K) |
| Current and expected credit losses | $2.6M | $1.8M | $20.0K | $69.0K |
| Impairment of assets | $751.0K | — | $17.8M | $16.8M |
| Amortization of dedesignated interest rate swap | ($193.0K) | ($193.0K) | ($619.0K) | ($416.0K) |
| Losses on modification and extinguishment of debt | $9.0K | $9.0K | $23.0K | $23.0K |
| (Increase) Decrease in accounts receivable | $1.5M | $2.1M | ($2.6M) | $2.7M |
| (Increase) Decrease in interest receivable | ($1.9M) | ($799.0K) | $111.0K | ($50.0K) |
| (Increase) Decrease in other assets | $1.3M | $522.0K | $1.3M | $1.7M |
| (Increase) Decrease in inventory | ($648.0K) | ($462.0K) | $439.0K | $68.0K |
| Increase (Decrease) in accrued interest | $186.0K | $18.0K | ($1.2M) | ($736.0K) |
| Increase (Decrease) in accrued expenses | ($623.0K) | ($551.0K) | ($2.7M) | ($3.2M) |
| Increase (Decrease) in deferred revenue | $392.0K | $4.1M | $211.0K | $323.0K |
| Increase (Decrease) in accrued property taxes | ($125.0K) | $233.0K | $374.0K | ($320.0K) |
| Net cash and cash equivalents provided by operating activities | $5.2M | $8.2M | $2.2M | $4.2M |
| Real estate and other improvements | ($630.0K) | ($267.0K) | ($433.0K) | ($251.0K) |
| Distributions from equity method investees | $403.0K | $403.0K | $50.0K | $50.0K |
| Collections of principal on loans | $7.4M | $4.9M | $5.0M | $4.5M |
| Origination fees on notes receivable | $25.0K | — | — | — |
| Issuances of loans and financing receivables | ($2.8M) | ($2.5M) | ($12.1M) | ($12.1M) |
| Proceeds from disposition of assets | $16.4M | $9.4M | $85.5M | $81.6M |
| Net cash and cash equivalents provided by investing activities | $20.7M | $12.0M | $70.8M | $67.3M |
| Borrowings from mortgage notes payable | $80.2M | $80.2M | $23.0M | $23.0M |
| Repayments on mortgage notes payable | ($17.0M) | ($9.0M) | ($57.2M) | ($34.2M) |
| Payment of debt issuance costs | ($351.0K) | ($351.0K) | — | — |
| Redemption of Series A preferred units | ($68.2M) | ($68.2M) | — | — |
| Redemption of common units | ($70.0K) | ($70.0K) | — | — |
| Dividends on common stock | ($15.1M) | ($11.2M) | ($61.2M) | ($58.5M) |
| Shares withheld for income taxes on vesting of equity-based compensation | -411.0K | -411.0K | -273.0K | -273.0K |
| Distributions on Series A preferred units | ($2.6M) | ($2.6M) | ($3.0M) | ($3.0M) |
| Distributions to non-controlling interests in operating partnership, common | ($221.0K) | ($195.0K) | ($1.6M) | ($1.5M) |
| Net cash and cash equivalents (used in) financing activities | ($23.8M) | ($11.8M) | ($138.0M) | ($98.8M) |
| Net increase (decrease) in cash and cash equivalents | $2.1M | $8.4M | ($65.0M) | ($27.4M) |
| Cash and cash equivalents, beginning of period | $9.3M | $9.3M | $78.4M | $78.4M |
| Cash and cash equivalents, end of period | $11.4M | $17.7M | $13.5M | $51.1M |
| Cash paid during period for interest | $5.5M | $2.8M | $8.8M | $6.0M |
| Dividend payable, common stock | $4.0M | $4.0M | $2.7M | $2.7M |
| Dividend payable, common units | $26.0K | $26.0K | $45.0K | $45.0K |
| Additions to real estate improvements included in accrued expenses | $61.0K | $41.0K | $58.0K | $138.0K |
| Noncash conversion of accrued interest to notes receivable principal | $1.5M | $1.2M | — | — |
Farmland Partners Inc score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.