FPI
Farmland Partners Inc.10.24
+0.17+1.69%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
459.91MP/E (TTM)
8.13Basic EPS (TTM)
1.26Dividend Yield
0.02%Recent Filings
8-K
FPI boosts guidance, sells units
Farmland Partners Inc. reported Q3 2025 net income of $0.5 million, down from $1.8 million last year, yet AFFO doubled to $2.9 million amid $85.5 million in property sales and $23 million debt repayments. The company agreed to sell its brokerage and management business for $5.3 million and swap 23 Corn Belt properties for $31 million in preferred units, slashing exposure from $99 million to $68 million at a 56% gain over 2016 costs. It raised 2025 AFFO guidance to $0.32–$0.36 per share. Streamlining sharpens farmland focus.
10-Q
Q2 FY2025 results
Farmland Partners swung to a $7.8M net income in Q2 FY2025 ended June 30, 2025, up from a $2.1M loss y/y, driven by a $24.2M gain on selling 32 properties for $81.6M while revenue dipped 13% y/y to $10.0M on fewer acres. Rental income fell 37% y/y to $6.0M post-dispositions, yet crop sales rose 54% y/y to $1.4M on stronger citrus volumes, and other revenue surged 157% y/y to $2.5M from higher loan interest. A $16.8M impairment hit West Coast assets due to crop and water woes, but interest expense halved y/y to $2.4M after debt paydowns. Cash sat at $51.1M with $160M revolver availability and $192.7M debt (14% variable); free cash flow not disclosed in the 10-Q. Dispositions trimmed the portfolio to 75,900 acres, focused on Corn Belt strength. Tenant concentration risks linger in key regions.
8-K
Q2 profit surges on asset sales
Farmland Partners swung to a Q2 net income of $7.8 million, fueled by $24.2 million gains from selling 32 properties for $71.6 million, while booking $16.8 million impairments on California assets due to crop and water issues. AFFO climbed 145% to $1.3 million, or $0.03 per share, as the firm repurchased over 2 million shares and trimmed debt to $193.4 million. Sales boost liquidity, yet impairments signal regional risks.
10-Q
Q1 FY2025 results
Farmland Partners posted Q1 revenue of $10.3M, down 14.5% y/y from $12.0M, mainly from prior dispositions, yet net income climbed 48.7% to $2.1M on lower interest costs and a $0.8M gain from selling two properties. Rental income fell 31.7% y/y to $7.0M, offset by $1.3M more in other revenue from loan interest; operating expenses dipped 6.5% to $6.4M, while interest expense halved to $2.6M after debt paydowns. Diluted EPS held at $0.03, matching shares outstanding. Cash dropped to $21.7M after $55.7M in dividends, but $167M revolver availability bolsters liquidity alongside $202M debt at 5.8% weighted rate. Acquisitions added five Corn Belt farms for $6.5M cash. Tenant concentration risks loom large.
8-K
FPI lifts AFFO guidance
Farmland Partners Inc. reported Q1 2025 net income of $2.1 million, up 48.7% from $1.4 million last year, while AFFO dipped to $2.3 million from $2.8 million amid lower forfeited deposits. The company acquired five farms for $6.5 million, sold two for $10.0 million with an $0.8 million gain, issued $7.6 million in loans, and repurchased 63,023 shares at $11.74 average. It raised 2025 AFFO guidance to $0.28-$0.34 per share. Strong interest income and reduced debt costs bolster returns, yet liquidity fell to $189.1 million.
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