Farmland Partners Key Executives
This section highlights Farmland Partners's key executives, including their titles and compensation details.
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Farmland Partners Earnings
This section highlights Farmland Partners's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-02-20 | N/A | N/A |
| Read Transcript | Q3 | 2024 | 2024-10-31 | N/A | N/A |
| Read Transcript | Q2 | 2024 | 2024-07-25 | N/A | N/A |
| Read Transcript | Q1 | 2024 | 2024-05-01 | N/A | N/A |
| Read Transcript | Q4 | 2023 | 2024-02-29 | N/A | N/A |
| Read Transcript | Q3 | 2023 | 2023-10-26 | N/A | N/A |
| Read Transcript | Q2 | 2023 | 2023-07-27 | N/A | N/A |
| Read Transcript | Q1 | 2023 | 2023-05-04 | N/A | N/A |
Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. As of the date of this release, the Company owns approximately 155,000 acres in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota and Virginia. We have approximately 26 crop types and over 100 tenants. The Company elected to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with the taxable year ended December 31, 2014.
$10.09
Stock Price
$464.04M
Market Cap
24
Employees
Denver, CO
Location
Financial Statements
Access annual & quarterly financial statements for Farmland Partners, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Revenue | $58.23M | $57.47M | $61.21M | $51.74M | $50.69M |
| Cost of Revenue | $11.30M | $13.41M | $14.16M | $8.86M | $10.74M |
| Gross Profit | $46.92M | $44.05M | $47.05M | $42.88M | $39.95M |
| Gross Profit Ratio | 80.58% | 76.66% | 76.87% | 82.88% | 78.82% |
| Research and Development Expenses | $- | $- | $0 | $0 | $0 |
| General and Administrative Expenses | $15.72M | $12.55M | $14.88M | $18.38M | $9.64M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $15.72M | $12.55M | $14.88M | $18.38M | $9.64M |
| Other Expenses | $5.69M | $- | $7.09M | $7.66M | $7.97M |
| Operating Expenses | $21.42M | $12.55M | $21.97M | $26.04M | $17.61M |
| Cost and Expenses | $32.72M | $25.97M | $36.12M | $34.90M | $28.35M |
| Interest Income | $- | $- | $16.14M | $15.93M | $17.68M |
| Interest Expense | $18.85M | $22.66M | $16.14M | $15.93M | $17.68M |
| Depreciation and Amortization | $5.59M | $7.50M | $36.24M | $34.93M | $28.36M |
| EBITDA | $85.88M | $60.90M | $32.10M | $33.82M | $30.31M |
| EBITDA Ratio | 147.49% | 105.98% | 52.44% | 65.36% | 59.80% |
| Operating Income | $25.50M | $31.50M | $24.97M | $16.79M | $22.33M |
| Operating Income Ratio | 43.80% | 54.82% | 40.80% | 32.44% | 44.05% |
| Total Other Income Expenses Net | $35.93M | $15.00K | $-12.79M | $-6.55M | $-14.80M |
| Income Before Tax | $61.43M | $31.52M | $12.19M | $10.23M | $7.53M |
| Income Before Tax Ratio | 105.51% | 54.84% | 19.91% | 19.78% | 14.86% |
| Income Tax Expense | $1.52M | $-166.00K | $227.00K | $16.28M | $17.98M |
| Net Income | $59.91M | $30.91M | $11.67M | $-6.05M | $-10.45M |
| Net Income Ratio | 102.89% | 53.79% | 19.07% | -11.69% | -20.61% |
| EPS | $1.19 | $0.55 | $0.16 | $-0.17 | $-0.36 |
| EPS Diluted | $1.06 | $0.48 | $0.16 | $-0.17 | $-0.36 |
| Weighted Average Shares Outstanding | 47.55M | 50.24M | 50.95M | 34.64M | 29.38M |
| Weighted Average Shares Outstanding Diluted | 55.99M | 58.29M | 50.95M | 34.64M | 29.38M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $21.47M | $13.32M | $11.45M | $11.99M | $21.59M | $11.62M | $11.58M | $12.67M | $21.82M | $13.14M | $12.36M | $13.89M | $20.05M | $10.11M | $10.01M | $11.57M | $17.92M | $10.60M | $10.52M | $11.65M |
| Cost of Revenue | $2.80M | $4.95M | $4.06M | $3.82M | $5.67M | $2.80M | $3.41M | $3.13M | $3.58M | $3.79M | $3.39M | $3.39M | $1.89M | $2.41M | $2.38M | $2.18M | $2.45M | $3.29M | $2.56M | $2.43M |
| Gross Profit | $18.67M | $8.37M | $7.38M | $8.17M | $15.92M | $8.81M | $8.18M | $9.54M | $18.24M | $9.35M | $8.97M | $10.50M | $18.16M | $7.70M | $7.64M | $9.39M | $15.46M | $7.31M | $7.95M | $9.22M |
| Gross Profit Ratio | 86.95% | 62.85% | 64.52% | 68.14% | 73.74% | 75.88% | 70.58% | 75.32% | 83.58% | 71.17% | 72.56% | 75.57% | 90.57% | 76.15% | 76.28% | 81.16% | 86.30% | 68.95% | 75.63% | 79.17% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $5.49M | $3.14M | $4.14M | $2.96M | $3.47M | $3.05M | $3.19M | $2.85M | $3.79M | $2.91M | $3.82M | $4.36M | $4.88M | $4.34M | $4.80M | $4.36M | $3.77M | $1.68M | $2.25M | $1.93M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $5.49M | $3.14M | $4.14M | $2.96M | $3.47M | $3.05M | $3.19M | $2.85M | $3.79M | $2.91M | $3.82M | $4.36M | $4.88M | $4.34M | $4.80M | $4.36M | $3.77M | $1.68M | $2.25M | $1.93M |
| Other Expenses | $1.32M | $- | $-52.00K | $-3.02M | $-3.53M | $41.00K | $-75.00K | $1.86M | $1.95M | $1.69M | $34.00K | $-21.00K | $7.00K | $8.00K | $8.00K | $43.00K | $2.00K | $-25.00K | $33.00K | $-121.00K |
| Operating Expenses | $6.80M | $2.63M | $5.57M | $3.02M | $3.53M | $4.96M | $5.42M | $4.71M | $5.74M | $4.60M | $5.51M | $6.11M | $6.81M | $6.26M | $6.68M | $6.30M | $5.76M | $3.66M | $4.25M | $3.93M |
| Cost and Expenses | $9.61M | $8.09M | $8.21M | $6.84M | $9.20M | $7.76M | $8.83M | $7.83M | $9.32M | $8.39M | $8.90M | $9.51M | $8.70M | $8.67M | $9.06M | $8.48M | $8.22M | $6.96M | $6.82M | $6.36M |
| Interest Income | $- | $- | $- | $- | $- | $6.23M | $5.84M | $- | $4.68M | $3.89M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Interest Expense | $3.07M | $5.50M | $5.25M | $5.04M | $5.26M | $6.23M | $5.84M | $4.92M | $4.68M | $3.89M | $3.74M | $3.83M | $3.96M | $4.01M | $3.90M | $4.06M | $4.14M | $4.41M | $4.47M | $4.66M |
| Depreciation and Amortization | $1.26M | $1.41M | $1.43M | $1.48M | $1.59M | $1.90M | $2.21M | $1.79M | $1.88M | $1.67M | $1.66M | $1.75M | $1.90M | $1.91M | $1.89M | $1.94M | $1.99M | $1.98M | $2.00M | $2.00M |
| EBITDA | $64.55M | $8.71M | $4.67M | $6.63M | $13.98M | $5.77M | $4.94M | $8.44M | $14.02M | $6.41M | $5.12M | $6.72M | $13.28M | $3.26M | $2.92M | $8.47M | $11.69M | $6.95M | $6.64M | $7.08M |
| EBITDA Ratio | 300.58% | 65.44% | 40.80% | 55.28% | 64.77% | 49.64% | 42.65% | 66.61% | 64.26% | 48.81% | 41.46% | 48.36% | 66.22% | 32.22% | 29.18% | 73.16% | 65.25% | 65.55% | 63.15% | 60.79% |
| Operating Income | $11.87M | $5.22M | $3.24M | $5.15M | $12.39M | $15.00K | $2.76M | $4.84M | $12.48M | $4.72M | $3.46M | $4.32M | $11.30M | $1.43M | $955.00K | $3.10M | $9.70M | $3.65M | $3.69M | $5.29M |
| Operating Income Ratio | 55.27% | 39.22% | 28.31% | 42.93% | 57.39% | 0.13% | 23.80% | 38.17% | 57.18% | 35.96% | 27.96% | 31.10% | 56.35% | 14.19% | 9.54% | 26.76% | 54.14% | 34.41% | 35.08% | 45.40% |
| Total Other Income Expenses Net | $48.34M | $-3.37M | $-5.29M | $-3.72M | $5.38M | $4.11M | $5.15M | $-3.11M | $-5.67M | $-3.57M | $-366.00K | $-3.18M | $1.99M | $-4.10M | $-3.82M | $-621.00K | $-3.32M | $-3.09M | $-3.52M | $-4.87M |
| Income Before Tax | $60.21M | $1.85M | $-2.05M | $1.43M | $17.77M | $4.12M | $7.90M | $1.72M | $6.81M | $1.15M | $3.09M | $1.14M | $13.29M | $-2.67M | $-2.87M | $2.48M | $6.38M | $561.00K | $172.00K | $419.00K |
| Income Before Tax Ratio | 280.39% | 13.88% | -17.94% | 11.90% | 82.28% | 35.50% | 68.22% | 13.60% | 31.20% | 8.77% | 25.00% | 8.20% | 66.28% | -26.41% | -28.61% | 21.40% | 35.59% | 5.29% | 1.64% | 3.60% |
| Income Tax Expense | $-45.00K | $11.00K | $-1.00K | $19.00K | $12.00K | $-191.00K | $4.00K | $9.00K | $98.00K | $33.00K | $96.00K | $3.85M | $4.38M | $3.91M | $3.78M | $4.22M | $4.48M | $4.42M | $4.51M | $4.57M |
| Net Income | $58.75M | $1.79M | $-2.03M | $1.37M | $17.32M | $4.21M | $7.71M | $1.68M | $6.56M | $1.09M | $2.92M | $1.11M | $12.89M | $-2.55M | $-2.73M | $2.36M | $6.04M | $527.00K | $162.00K | $394.00K |
| Net Income Ratio | 273.57% | 13.46% | -17.70% | 11.45% | 80.20% | 36.24% | 66.57% | 13.23% | 30.06% | 8.33% | 23.60% | 7.96% | 64.32% | -25.27% | -27.31% | 20.39% | 33.68% | 4.97% | 1.54% | 3.38% |
| EPS | $1.21 | $0.02 | $-0.04 | $0.01 | $0.34 | $0.07 | $0.14 | $0.02 | $0.11 | $0.02 | $0.04 | $0.02 | $0.22 | $-0.08 | $-0.09 | $-0.02 | $0.10 | $-0.09 | $-0.10 | $-0.09 |
| EPS Diluted | $1.11 | $0.02 | $-0.04 | $0.01 | $0.26 | $0.07 | $0.12 | $0.02 | $0.09 | $0.02 | $0.04 | $0.02 | $0.22 | $-0.08 | $-0.09 | $-0.02 | $0.06 | $-0.09 | $-0.10 | $-0.09 |
| Weighted Average Shares Outstanding | 47.69M | 47.84M | 47.80M | 47.70M | 48.00M | 48.43M | 50.86M | 54.01M | 54.06M | 53.49M | 50.36M | 45.78M | 44.39M | 32.55M | 30.55M | 30.42M | 29.33M | 28.37M | 29.42M | 29.55M |
| Weighted Average Shares Outstanding Diluted | 51.91M | 47.84M | 47.80M | 47.70M | 64.54M | 48.43M | 59.11M | 54.01M | 62.63M | 53.49M | 50.36M | 45.78M | 44.50M | 32.55M | 31.07M | 30.42M | 46.46M | 29.21M | 29.43M | 29.55M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $78.44M | $5.49M | $7.65M | $30.17M | $27.22M |
| Short Term Investments | $- | $1.71M | $4.18M | $- | $- |
| Cash and Short Term Investments | $78.44M | $5.49M | $7.65M | $30.17M | $27.22M |
| Net Receivables | $55.30M | $38.93M | $28.98M | $11.01M | $6.47M |
| Inventory | $2.66M | $2.33M | $2.81M | $3.06M | $1.12M |
| Other Current Assets | $- | $2.90M | $3.38M | $-2.05M | $818.00K |
| Total Current Assets | $136.41M | $49.49M | $39.62M | $48.22M | $37.69M |
| Property Plant Equipment Net | $194.00K | $399.00K | $325.00K | $107.00K | $93.00K |
| Goodwill | $2.71M | $2.71M | $2.71M | $2.71M | $- |
| Intangible Assets | $1.37M | $2.04M | $2.06M | $1.92M | $- |
| Goodwill and Intangible Assets | $4.08M | $4.74M | $4.76M | $4.62M | $- |
| Long Term Investments | $4.10M | $4.14M | $4.18M | $3.43M | $- |
| Tax Assets | $- | $- | $-3.20M | $1.12B | $1.09B |
| Other Non-Current Assets | $720.52M | $963.24M | $1.11B | $-56.38M | $-37.78M |
| Total Non-Current Assets | $728.89M | $972.51M | $1.12B | $1.07B | $1.05B |
| Other Assets | $3.26M | $- | $3.20M | $- | $- |
| Total Assets | $868.56M | $1.02B | $1.16B | $1.12B | $1.09B |
| Account Payables | $- | $- | $- | $- | $- |
| Short Term Debt | $194.00K | $- | $- | $- | $186.00K |
| Tax Payables | $1.65M | $1.90M | $2.01M | $1.76M | $1.82M |
| Deferred Revenue | $65.00K | $2.15M | $44.00K | $45.00K | $37.00K |
| Other Current Liabilities | $66.22M | $25.89M | $-1.68M | $14.92M | $-17.15M |
| Total Current Liabilities | $68.13M | $29.93M | $18.73M | $16.72M | $15.18M |
| Long Term Debt | $194.00K | $361.26M | $437.20M | $399.43M | $506.62M |
| Deferred Revenue Non-Current | $- | $- | $44.00K | $45.00K | $37.00K |
| Deferred Tax Liabilities Non-Current | $- | $- | $-18.73M | $107.00K | $93.00K |
| Other Non-Current Liabilities | $271.55M | $- | $18.37M | $129.31M | $18.01M |
| Total Non-Current Liabilities | $271.74M | $361.26M | $437.20M | $512.22M | $630.13M |
| Other Liabilities | $-67.87M | $- | $- | $- | $- |
| Total Liabilities | $272.00M | $391.19M | $455.94M | $528.94M | $645.31M |
| Preferred Stock | $- | $- | $- | $- | $139.77M |
| Common Stock | $459.00K | $466.00K | $531.00K | $444.00K | $297.00K |
| Retained Earnings | $88.35M | $-64.53M | $-70.40M | $-66.62M | $-53.71M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $3.31M | $279.00K | $-2.38M |
| Other Total Stockholders Equity | $405.78M | $579.94M | $647.35M | $590.77M | $345.87M |
| Total Stockholders Equity | $494.59M | $515.88M | $580.79M | $458.31M | $429.84M |
| Total Equity | $596.56M | $630.81M | $704.21M | $592.59M | $445.68M |
| Total Liabilities and Stockholders Equity | $868.56M | $1.02B | $1.16B | $1.12B | $1.09B |
| Minority Interest | $101.97M | $114.93M | $123.43M | $134.27M | $15.84M |
| Total Liabilities and Total Equity | $868.56M | $1.02B | $1.16B | $1.12B | $1.09B |
| Total Investments | $4.10M | $5.84M | $4.18M | $3.43M | $- |
| Total Debt | $194.00K | $361.26M | $437.20M | $511.43M | $506.72M |
| Net Debt | $-78.25M | $355.77M | $429.55M | $481.26M | $479.50M |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $78.44M | $8.09M | $5.75M | $6.23M | $5.49M | $6.06M | $11.23M | $12.23M | $7.65M | $8.87M | $19.70M | $16.10M | $30.17M | $21.37M | $40.16M | $36.07M | $27.22M | $7.11M | $11.60M | $14.99M |
| Short Term Investments | $- | $- | $1.76M | $1.60M | $1.71M | $2.13M | $4.16M | $- | $4.18M | $2.01M | $698.00K | $3.44M | $3.43M | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $78.44M | $8.09M | $5.75M | $6.23M | $5.49M | $6.06M | $11.23M | $12.23M | $7.65M | $8.87M | $19.70M | $16.10M | $30.17M | $21.37M | $40.16M | $36.07M | $27.22M | $7.11M | $11.60M | $14.99M |
| Net Receivables | $58.50M | $22.24M | $5.89M | $15.69M | $38.76M | $25.50M | $3.85M | $25.75M | $28.98M | $12.54M | $8.31M | $10.59M | $11.01M | $13.35M | $8.39M | $7.90M | $6.47M | $8.91M | $5.59M | $10.09M |
| Inventory | $2.66M | $2.79M | $3.02M | $2.70M | $2.33M | $3.26M | $2.75M | $2.71M | $2.81M | $3.12M | $2.96M | $2.97M | $3.06M | $1.71M | $742.00K | $1.10M | $1.12M | $1.50M | $2.13M | $1.62M |
| Other Current Assets | $61.00K | $25.00K | $15.80M | $6.70M | $2.90M | $6.32M | $18.86M | $167.00K | $3.38M | $-2.24M | $2.27M | $-2.17M | $-2.05M | $4.59M | $2.22M | $3.12M | $818.00K | $-920.00K | $-736.00K | $2.44M |
| Total Current Assets | $139.66M | $33.11M | $14.68M | $24.64M | $49.49M | $41.13M | $37.81M | $40.86M | $39.62M | $26.09M | $33.24M | $34.63M | $48.16M | $41.02M | $51.51M | $48.20M | $37.69M | $18.97M | $20.96M | $29.15M |
| Property Plant Equipment Net | $194.00K | $242.00K | $298.00K | $355.00K | $399.00K | $454.00K | $509.00K | $563.00K | $325.00K | $368.00K | $387.00K | $443.00K | $107.00K | $142.00K | $178.00K | $58.00K | $93.00K | $128.00K | $163.00K | $198.00K |
| Goodwill | $2.71M | $2.71M | $2.71M | $2.71M | $2.71M | $2.71M | $2.71M | $2.71M | $2.71M | $2.71M | $2.71M | $2.71M | $2.71M | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $1.37M | $2.02M | $2.02M | $2.03M | $2.04M | $2.04M | $2.04M | $2.05M | $2.06M | $2.06M | $1.91M | $1.91M | $1.92M | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $4.08M | $4.72M | $4.73M | $4.74M | $4.74M | $4.75M | $4.75M | $4.76M | $4.76M | $4.77M | $4.62M | $4.62M | $4.62M | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $4.10M | $- | $4.07M | $5.66M | $4.14M | $4.12M | $4.16M | $4.16M | $4.18M | $4.15M | $4.15M | $3.44M | $3.43M | $3.42M | $- | $- | $- | $- | $- | $- |
| Tax Assets | $- | $- | $988.30M | $994.13M | $- | $- | $- | $- | $- | $- | $1.08B | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $720.52M | $- | $16.41M | $1.55M | $963.24M | $1.02B | $1.10B | $1.10B | $1.11B | $1.09B | $5.90M | $1.07B | $1.07B | $1.05B | $1.05B | $1.03B | $1.05B | $1.06B | $1.07B | $1.07B |
| Total Non-Current Assets | $728.89M | $4.97M | $1.01B | $1.01B | $972.51M | $1.03B | $1.11B | $1.11B | $1.12B | $1.10B | $1.09B | $1.08B | $1.07B | $1.06B | $1.05B | $1.03B | $1.05B | $1.06B | $1.07B | $1.07B |
| Other Assets | $- | $989.04M | $- | $- | $- | $- | $-19.82M | $- | $3.20M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $868.56M | $1.03B | $1.03B | $1.03B | $1.02B | $1.07B | $1.13B | $1.15B | $1.16B | $1.13B | $1.13B | $1.12B | $1.12B | $1.10B | $1.10B | $1.08B | $1.09B | $1.08B | $1.09B | $1.10B |
| Account Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Short Term Debt | $- | $242.00K | $25.11M | $190.00K | $2.35M | $34.00K | $- | $- | $- | $62.00K | $115.00K | $107.16M | $- | $39.00K | $- | $116.00K | $186.00K | $- | $- | $- |
| Tax Payables | $1.65M | $2.34M | $1.80M | $2.52M | $1.90M | $2.64M | $2.01M | $2.59M | $2.01M | $2.86M | $1.85M | $2.34M | $1.76M | $2.59M | $1.75M | $2.29M | $1.82M | $2.65M | $2.03M | $2.41M |
| Deferred Revenue | $65.00K | $130.00K | $1.28M | $9.89M | $2.15M | $70.00K | $1.14M | $10.76M | $44.00K | $111.00K | $1.32M | $7.93M | $45.00K | $31.00K | $2.42M | $7.71M | $37.00K | $50.00K | $2.03M | $10.18M |
| Other Current Liabilities | $66.41M | $11.28M | $-65.33M | $-2.36M | $-33.58M | $-2.22M | $14.97M | $14.55M | $-1.68M | $-2.55M | $-1.58M | $-232.06M | $14.92M | $-2.48M | $16.22M | $-18.67M | $-17.15M | $15.42M | $11.57M | $9.38M |
| Total Current Liabilities | $68.13M | $14.00M | $15.18M | $23.41M | $29.93M | $17.69M | $18.12M | $27.89M | $18.73M | $18.73M | $17.22M | $24.21M | $16.68M | $20.20M | $20.39M | $23.97M | $15.18M | $14.95M | $14.08M | $21.97M |
| Long Term Debt | $203.88M | $347.09M | $391.23M | $381.06M | $359.16M | $420.92M | $471.45M | $441.61M | $437.20M | $408.74M | $424.75M | $463.11M | $399.43M | $499.64M | $500.70M | $486.70M | $506.62M | $460.15M | $462.35M | $462.84M |
| Deferred Revenue Non-Current | $- | $- | $1.28M | $9.89M | $2.15M | $70.00K | $1.14M | $- | $44.00K | $111.00K | $1.32M | $7.93M | $45.00K | $31.00K | $2.42M | $7.71M | $37.00K | $50.00K | $2.03M | $10.18M |
| Deferred Tax Liabilities Non-Current | $- | $- | $-1.28M | $-23.06M | $-27.43M | $-17.69M | $-18.12M | $- | $-16.12M | $-18.73M | $-17.22M | $-24.21M | $- | $-31.00K | $-2.42M | $-7.71M | $-37.00K | $-119.68M | $-120.79M | $-128.26M |
| Other Non-Current Liabilities | $- | $45.40M | $13.73M | $13.36M | $2.10M | $17.16M | $96.00K | $- | $- | $18.25M | $15.63M | $16.01M | $129.31M | $21.28M | $- | $111.81M | $18.01M | $66.31M | $61.87M | $41.68M |
| Total Non-Current Liabilities | $203.88M | $392.49M | $391.36M | $381.25M | $361.26M | $420.92M | $471.55M | $441.61M | $437.20M | $408.74M | $424.86M | $463.28M | $512.26M | $500.91M | $502.62M | $606.22M | $630.13M | $511.74M | $514.38M | $514.71M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $272.00M | $406.48M | $406.54M | $404.66M | $391.19M | $438.61M | $489.68M | $469.50M | $455.94M | $427.47M | $442.08M | $487.49M | $528.94M | $521.12M | $523.01M | $630.19M | $645.31M | $526.69M | $528.46M | $536.68M |
| Preferred Stock | $- | $- | $101.72M | $- | $- | $66.89M | $- | $- | $- | $- | $- | $- | $26.00K | $139.12M | $139.12M | $139.55M | $139.77M | $139.77M | $139.77M | $141.88M |
| Common Stock | $459.00K | $465.00K | $465.00K | $466.00K | $466.00K | $469.00K | $475.00K | $516.00K | $531.00K | $531.00K | $515.00K | $474.00K | $444.00K | $319.00K | $317.00K | $298.00K | $297.00K | $282.00K | $287.00K | $289.00K |
| Retained Earnings | $-72.05M | $-74.27M | $-72.43M | $-66.79M | $-64.53M | $-68.14M | $-68.71M | $-72.71M | $-70.40M | $-72.89M | $-69.90M | $-68.79M | $-66.62M | $-70.64M | $-63.39M | $-55.96M | $-53.71M | $-55.16M | $-51.17M | $-46.75M |
| Accumulated Other Comprehensive Income Loss | $1.51M | $- | $2.52M | $2.48M | $2.69M | $3.23M | $3.51M | $2.92M | $3.31M | $3.21M | $1.86M | $1.39M | $279.00K | $-284.00K | $-908.00K | $-879.00K | $-2.38M | $-2.85M | $-3.38M | $-3.23M |
| Other Total Stockholders Equity | $551.99M | $580.51M | $580.69M | $580.12M | $577.25M | $583.68M | $586.74M | $633.21M | $647.35M | $650.20M | $623.75M | $564.10M | $590.77M | $374.97M | $373.30M | $347.86M | $345.87M | $333.04M | $336.06M | $337.46M |
| Total Stockholders Equity | $481.91M | $506.70M | $508.73M | $513.80M | $515.88M | $516.00M | $522.01M | $563.94M | $580.79M | $577.84M | $556.22M | $495.79M | $458.31M | $443.47M | $448.44M | $430.87M | $429.84M | $415.07M | $421.56M | $429.65M |
| Total Equity | $596.56M | $607.93M | $621.95M | $626.42M | $630.81M | $630.09M | $635.70M | $684.91M | $704.21M | $700.40M | $683.08M | $627.58M | $592.59M | $575.77M | $581.31M | $445.02M | $445.68M | $553.12M | $558.86M | $566.28M |
| Total Liabilities and Stockholders Equity | $868.56M | $1.03B | $1.03B | $1.03B | $1.02B | $1.07B | $1.13B | $1.15B | $1.16B | $1.13B | $1.13B | $1.12B | $1.12B | $1.10B | $1.10B | $1.08B | $1.09B | $1.08B | $1.09B | $1.10B |
| Minority Interest | $114.65M | $101.23M | $113.23M | $112.62M | $114.93M | $114.09M | $113.69M | $120.97M | $123.43M | $122.56M | $126.86M | $131.79M | $134.27M | $132.30M | $132.87M | $14.15M | $15.84M | $138.04M | $137.30M | $136.63M |
| Total Liabilities and Total Equity | $868.56M | $1.03B | $1.03B | $1.03B | $1.02B | $1.07B | $1.13B | $1.15B | $1.16B | $1.13B | $1.13B | $1.12B | $1.12B | $1.10B | $1.10B | $1.08B | $1.09B | $1.08B | $1.09B | $1.10B |
| Total Investments | $4.10M | $- | $5.83M | $5.66M | $5.84M | $4.12M | $4.16M | $4.16M | $4.18M | $4.15M | $4.85M | $6.87M | $6.85M | $3.42M | $- | $- | $- | $- | $- | $- |
| Total Debt | $203.88M | $347.09M | $391.36M | $381.25M | $361.26M | $420.92M | $471.55M | $441.61M | $437.20M | $408.74M | $424.86M | $570.27M | $511.43M | $499.68M | $500.88M | $486.76M | $506.72M | $508.56M | $510.86M | $511.48M |
| Net Debt | $125.44M | $339.00M | $385.61M | $375.02M | $355.77M | $414.86M | $460.32M | $429.38M | $429.55M | $399.87M | $405.17M | $554.16M | $481.26M | $478.30M | $460.72M | $450.69M | $479.50M | $501.45M | $499.27M | $496.49M |
Annual Cash Flow
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 |
|---|---|---|---|---|---|
| Net Income | $61.45M | $30.76M | $11.96M | $10.26M | $7.53M |
| Depreciation and Amortization | $- | $7.50M | $6.96M | $7.63M | $7.97M |
| Deferred Income Tax | $- | $- | $- | $-7.63M | $-7.97M |
| Stock Based Compensation | $2.35M | $1.85M | $1.94M | $1.26M | $1.06M |
| Change in Working Capital | $- | $1.19M | $-2.18M | $-3.81M | $4.27M |
| Accounts Receivables | $2.93M | $802.00K | $-2.33M | $-974.00K | $1.20M |
| Inventory | $-324.00K | $473.00K | $251.00K | $-1.72M | $433.00K |
| Accounts Payables | $- | $- | $- | $-1.06M | $2.49M |
| Other Working Capital | $- | $-86.00K | $-100.00K | $-58.00K | $138.00K |
| Other Non Cash Items | $-47.65M | $-28.41M | $-1.62M | $141.00K | $6.87M |
| Net Cash Provided by Operating Activities | $16.14M | $12.89M | $17.05M | $7.86M | $19.73M |
| Investments in Property Plant and Equipment | $- | $- | $-4.25M | $-2.71M | $-2.65M |
| Acquisitions Net | $- | $- | $-705.00K | $-1.85M | $-18.67M |
| Purchases of Investments | $- | $- | $-75.92M | $-85.87M | $-927.00K |
| Sales Maturities of Investments | $- | $- | $19.84M | $70.67M | $22.25M |
| Other Investing Activities | $268.75M | $158.46M | $630.00K | $991.00K | $18.67M |
| Net Cash Used for Investing Activities | $268.75M | $158.46M | $-60.40M | $-18.77M | $18.67M |
| Debt Repayment | $- | $-76.39M | $-73.94M | $5.20M | $-4.67M |
| Common Stock Issued | $34.00K | $155.00K | $121.37M | $27.16M | $10.00M |
| Common Stock Repurchased | $-27.53M | $-72.65M | $-10.16M | $-650.00K | $-9.91M |
| Dividends Paid | $-21.63M | $-15.48M | $-14.64M | $-16.41M | $-18.28M |
| Other Financing Activities | $-162.81M | $-9.19M | $109.35M | $24.43M | $2.93M |
| Net Cash Used Provided by Financing Activities | $-211.94M | $-173.51M | $20.83M | $13.87M | $-23.74M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $72.95M | $-2.17M | $-22.52M | $2.95M | $14.66M |
| Cash at End of Period | $78.44M | $5.49M | $7.65M | $30.17M | $27.22M |
| Cash at Beginning of Period | $5.49M | $7.65M | $30.17M | $27.22M | $12.56M |
| Operating Cash Flow | $16.14M | $12.89M | $17.05M | $7.86M | $19.73M |
| Capital Expenditure | $- | $- | $-4.25M | $-2.71M | $-2.65M |
| Free Cash Flow | $16.14M | $12.89M | $12.80M | $5.14M | $17.07M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $60.26M | $1.77M | $-2.03M | $1.35M | $17.22M | $4.32M | $7.90M | $1.71M | $6.71M | $1.12M | $2.99M | $1.14M | $13.31M | $-2.67M | $-2.87M | $2.48M | $6.38M | $561.00K | $173.00K | $419.00K |
| Depreciation and Amortization | $- | $1.41M | $1.43M | $1.48M | $1.59M | $1.90M | $4.00M | $- | $3.55M | $1.67M | $1.66M | $1.75M | $5.69M | $1.91M | $1.89M | $1.94M | $1.99M | $1.98M | $2.00M | $2.00M |
| Deferred Income Tax | $- | $- | $-1.00K | $- | $-3.34M | $-191.00K | $-12.97M | $- | $- | $-1.67M | $- | $- | $-9.61M | $331.00K | $162.00K | $-3.10M | $-603.00K | $-522.00K | $- | $127.00K |
| Stock Based Compensation | $473.00K | $870.00K | $512.00K | $491.00K | $500.00K | $475.00K | $473.00K | $459.00K | $345.00K | $351.00K | $602.00K | $642.00K | $344.00K | $334.00K | $334.00K | $251.00K | $272.00K | $271.00K | $275.00K | $242.00K |
| Change in Working Capital | $3.45M | $-6.57M | $-6.20M | $9.53M | $-2.01M | $-4.18M | $-6.02M | $13.40M | $-2.14M | $-3.20M | $-3.86M | $7.01M | $-3.20M | $-7.02M | $-3.35M | $9.77M | $939.00K | $-1.93M | $-4.74M | $10.01M |
| Accounts Receivables | $5.77M | $-7.90M | $812.00K | $4.18M | $-572.00K | $-4.16M | $2.34M | $3.21M | $-422.00K | $-4.17M | $634.00K | $1.63M | $2.34M | $-3.64M | $-719.00K | $1.04M | $2.46M | $-3.63M | $2.67M | $-294.00K |
| Inventory | $126.00K | $236.00K | $-322.00K | $-364.00K | $923.00K | $-506.00K | $-40.00K | $96.00K | $315.00K | $-160.00K | $10.00K | $86.00K | $-1.13M | $-963.00K | $362.00K | $13.00K | $388.00K | $627.00K | $-513.00K | $-69.00K |
| Accounts Payables | $- | $- | $- | $- | $1 | $1.49M | $787.00K | $- | $- | $- | $- | $- | $-4.41M | $-30.00K | $2.29M | $1.09M | $-1.88M | $3.11M | $1.01M | $259.00K |
| Other Working Capital | $-2.44M | $1.09M | $-6.69M | $5.72M | $-2.36M | $-1.00M | $-9.11M | $10.09M | $-2.03M | $1.14M | $-6.55M | $5.30M | $-6.00K | $-2.39M | $-5.29M | $7.62M | $-28.00K | $-2.04M | $-7.90M | $10.11M |
| Other Non Cash Items | $-49.57M | $-1.76M | $3.07M | $-1.16M | $-6.82M | $-5.99M | $168.00K | $270.00K | $-173.00K | $2.04M | $83.00K | $-234.00K | $77.00K | $132.00K | $646.00K | $76.00K | $590.00K | $-176.00K | $1.41M | $74.00K |
| Net Cash Provided by Operating Activities | $14.61M | $-4.28M | $-6.09M | $12.06M | $7.16M | $-3.66M | $-6.45M | $15.84M | $8.29M | $318.00K | $-1.87M | $10.31M | $6.62M | $-6.98M | $-3.19M | $11.41M | $9.56M | $179.00K | $-2.88M | $12.87M |
| Investments in Property Plant and Equipment | $- | $873.00K | $-787.00K | $-86.00K | $-1.50M | $-1.73M | $-1.50M | $- | $-1.21M | $-368.00K | $-1.71M | $-964.00K | $-527.00K | $-833.00K | $-814.00K | $-539.00K | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $11.20M | $-59.57M | $-34.04M | $- | $34.67M | $-75.00K | $- | $- | $-856.00K | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $-306.00K | $-878.00K | $-16.25M | $-13.95M | $-11.01M | $-8.86M | $- | $-34.77M | $-8.78M | $-20.89M | $-11.48M | $-50.17M | $-5.70M | $-27.07M | $-2.93M | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $- | $417.00K | $1.68M | $74.35M | $72.30M | $44.40M | $- | $1.31M | $9.22M | $13.91M | $4.62M | $41.92M | $92.00K | $164.00K | $28.49M | $- | $- | $- | $- |
| Other Investing Activities | $275.80M | $8.13M | $-450.00K | $62.00K | $-11.20M | $59.62M | $34.04M | $5.91M | $-34.67M | $-9.22M | $1.57M | $-7.82M | $-8.77M | $-6.44M | $-27.72M | $25.02M | $6.40M | $5.56M | $7.25M | $-545.00K |
| Net Cash Used for Investing Activities | $275.80M | $8.70M | $-1.25M | $-14.66M | $58.90M | $59.62M | $34.04M | $5.91M | $-34.67M | $-9.22M | $-8.68M | $-7.82M | $-9.63M | $-6.44M | $-27.72M | $25.02M | $6.40M | $5.56M | $7.25M | $-545.00K |
| Debt Repayment | $-189.39M | $1.00M | $10.00M | $19.87M | $-59.78M | $-50.76M | $29.88M | $4.15M | $29.00M | $-16.00M | $-38.56M | $-48.38M | $12.43M | $-1.25M | $14.00M | $-19.98M | $-2.00M | $-2.91M | $-43.00K | $-42.00K |
| Common Stock Issued | $- | $- | $- | $34.00K | $34.00K | $34.00K | $33.00K | $54.00K | $-11.00K | $22.94M | $60.15M | $38.29M | $1.79M | $64.00K | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $-27.53M | $178.00K | $-1.00K | $- | $-3.74M | $-7.17M | $-47.10M | $-14.59M | $10.16M | $- | $-1.00K | $- | $- | $- | $-436.00K | $-214.00K | $-251.00K | $-3.37M | $-3.92M | $-2.37M |
| Dividends Paid | $-2.89M | $-2.89M | $-2.89M | $-15.93M | $-2.90M | $-5.16M | $-11.28M | $-6.47M | $-11.13M | $-398.00K | $-2.43M | $-5.78M | $-1.65M | $-3.82M | $-3.72M | $-7.23M | $-3.65M | $-3.67M | $-3.71M | $-7.25M |
| Other Financing Activities | $-254.00K | $-182.00K | $-256.00K | $-631.00K | $-223.00K | $-295.00K | $-134.00K | $-320.00K | $-567.00K | $12.12M | $-5.01M | $-684.00K | $1.03M | $-364.00K | $-583.00K | $-369.00K | $47.00K | $-277.00K | $-2.21M | $-1.20M |
| Net Cash Used Provided by Financing Activities | $-220.07M | $-2.07M | $6.86M | $3.34M | $-66.62M | $-61.13M | $-28.59M | $-17.18M | $25.16M | $-1.92M | $14.15M | $-16.56M | $11.81M | $-5.37M | $35.00M | $-27.57M | $4.15M | $-10.23M | $-7.76M | $-9.89M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $-1 | $11.20M | $4.58M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $70.35M | $2.34M | $-482.00K | $739.00K | $-568.00K | $-5.17M | $-1.00M | $4.58M | $-1.22M | $-10.83M | $3.60M | $-14.07M | $8.80M | $-18.79M | $4.09M | $8.85M | $20.11M | $-4.49M | $-3.40M | $2.43M |
| Cash at End of Period | $78.44M | $8.09M | $5.75M | $6.23M | $5.49M | $6.06M | $11.23M | $12.23M | $7.65M | $8.87M | $19.70M | $16.10M | $30.17M | $21.37M | $40.16M | $36.07M | $27.22M | $7.11M | $11.60M | $14.99M |
| Cash at Beginning of Period | $8.09M | $5.75M | $6.23M | $5.49M | $6.06M | $11.23M | $12.23M | $7.65M | $8.87M | $19.70M | $16.10M | $30.17M | $21.37M | $40.16M | $36.07M | $27.22M | $7.11M | $11.60M | $14.99M | $12.56M |
| Operating Cash Flow | $14.61M | $-4.28M | $-6.09M | $12.06M | $7.16M | $-3.66M | $-6.45M | $15.84M | $8.29M | $318.00K | $-1.87M | $10.31M | $6.62M | $-6.98M | $-3.19M | $11.41M | $9.56M | $179.00K | $-2.88M | $12.87M |
| Capital Expenditure | $- | $873.00K | $-787.00K | $-86.00K | $-1.50M | $-1.73M | $-1.50M | $- | $-1.21M | $-368.00K | $-1.71M | $-964.00K | $-527.00K | $-833.00K | $-814.00K | $-539.00K | $- | $- | $- | $- |
| Free Cash Flow | $14.61M | $-4.28M | $-6.88M | $11.97M | $5.65M | $-5.39M | $-7.95M | $15.84M | $7.09M | $-50.00K | $-3.58M | $9.35M | $6.09M | $-7.81M | $-4.00M | $10.87M | $9.56M | $179.00K | $-2.88M | $12.87M |
Farmland Partners Dividends
Explore Farmland Partners's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
3.87%
Dividend Payout Ratio
36.10%
Dividend Paid & Capex Coverage Ratio
0.75x
Farmland Partners Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.06 | $0.06 | April 01, 2025 | April 01, 2025 | April 15, 2025 | February 18, 2025 |
| $0.06 | $0.06 | January 02, 2025 | January 02, 2025 | January 15, 2025 | October 30, 2024 |
| $1.15 | $1.15 | December 23, 2024 | December 23, 2024 | January 08, 2025 | December 13, 2024 |
| $0.06 | $0.06 | October 01, 2024 | October 01, 2024 | October 15, 2024 | July 24, 2024 |
| $0.06 | $0.06 | July 01, 2024 | July 01, 2024 | July 15, 2024 | April 30, 2024 |
| $0.06 | $0.06 | March 28, 2024 | April 01, 2024 | April 15, 2024 | February 28, 2024 |
| $0.06 | $0.06 | December 29, 2023 | January 02, 2024 | January 16, 2024 | October 25, 2023 |
| $0.06 | $0.06 | September 29, 2023 | October 02, 2023 | October 16, 2023 | July 26, 2023 |
| $0.06 | $0.06 | June 30, 2023 | July 03, 2023 | July 17, 2023 | May 03, 2023 |
| $0.06 | $0.06 | March 31, 2023 | April 03, 2023 | April 17, 2023 | February 22, 2023 |
| $0.06 | $0.06 | December 29, 2022 | January 02, 2023 | January 17, 2023 | October 24, 2022 |
| $0.06 | $0.06 | September 29, 2022 | October 01, 2022 | October 17, 2022 | July 26, 2022 |
| $0.06 | $0.06 | June 30, 2022 | July 01, 2022 | July 15, 2022 | May 03, 2022 |
| $0.05 | $0.05 | March 31, 2022 | April 01, 2022 | April 15, 2022 | February 22, 2022 |
| $0.05 | $0.05 | December 31, 2021 | January 03, 2022 | January 18, 2022 | October 27, 2021 |
| $0.05 | $0.05 | September 30, 2021 | October 01, 2021 | October 15, 2021 | August 04, 2021 |
| $0.05 | $0.05 | June 30, 2021 | July 01, 2021 | July 15, 2021 | May 13, 2021 |
| $0.05 | $0.05 | March 31, 2021 | April 01, 2021 | April 15, 2021 | February 16, 2021 |
| $0.05 | $0.05 | December 30, 2020 | January 01, 2021 | January 15, 2021 | November 09, 2020 |
| $0.05 | $0.05 | September 30, 2020 | October 01, 2020 | October 15, 2020 | August 10, 2020 |
Farmland Partners News
Read the latest news about Farmland Partners, including recent articles, headlines, and updates.
Farmland Partners: Interim Value Via Asset Sales, Long Term Via Strategic Pivot
Farmland Partners Inc.'s Q4 earnings surpassed expectations in February, with FFO per share beating targets. The REIT is focusing on asset sales-based shareholder returns and strategic acquisitions, despite potential FFO reductions from asset sales, ensuring sustained dividends through fiscal 2025. Debt reduction and strategic acquisitions might drive future value, enhancing FPI's bottom-line performance and providing diversification benefits for risk reduction.
Winners Of REIT Earnings Season
In Part 2 of our Earnings Recap, we present a sector-by-sector breakdown of the Winners of REIT Earnings Season, discussing incremental positives/negatives and noting the individual standouts. Healthcare REITs were the leaders this earnings season, with results showing robust momentum in senior housing fundamentals, while tenant operator issues improved across other healthcare sub-sectors. Results from Net Lease, Casino, and Residential Mortgage REITs - several of the most rate-sensitive sectors - were also surprisingly steady despite the interest rate turbulence in late 2024.
5 REITs Ripe For Buyout
M&A is beneficial for target shareholders, offering premiums of 10%-50%, and identifying potential buyout targets involves analyzing specific features like discount to NAV and valuation disparity. REITs trading below NAV, especially in hot asset classes, are prime M&A candidates. Willingness to sell, management incentives, and operational synergies are crucial factors in determining a company's likelihood of being acquired.
Farmland Partners Inc. (FPI) Q4 2024 Earnings Call Transcript
Farmland Partners Inc. (NYSE:FPI ) Q4 2024 Results Conference Call February 20, 2025 11:00 AM ET Company Participants Luca Fabbri - President and CEO Christine Garrison - General Counsel Paul Pittman - Executive Chairman Susan Landi - Chief Financial Officer Conference Call Participants Rob Stevenson - Janney Montgomery Scott Buck Horne - Raymond James Darren Rabenou - DTR Partners Craig Kucera - Lucid Capital Markets Operator Thank you for standing by. My name is Gail and I will be your conference operator today.
Farmland Partners Inc. Reports Full Year 2024 Results
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (“FPI” or the “Company”) today reported financial results for the year ended December 31, 2024. Selected Highlights During the year ended December 31, 2024, the Company: recorded net income of $61.5 million, or $1.19 per share available to common stockholders, compared to $31.7 million, or $0.55 per share available to common stockholders for the same period in 2023; recorded AFFO of $14.1 million, or $0.29 per share, compared to $8.1 m.
Farmland Partners Inc. Announces Date for Fourth Quarter and Fiscal Year 2024 Earnings Release and Conference Call
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company”) today announced it will release its financial results for the fourth quarter and year ended December 31, 2024, after 5 p.m. (Eastern Time) on Wednesday, February 19, 2025, and will host a conference call the following day, Thursday, February 20, 2025, at 11:00 a.m. (Eastern Time) to discuss the financial results and provide a company update. The call can be accessed live over the phone by dialing 1-800-715-9871 and usin.
Buy Land, They Don't Make It Anymore: 3 'Dirt' Cheap Big Dividends And Buybacks
Land has proven to be an excellent long-term risk-adjusted investment. Fortunately, there are numerous opportunities to buy it at a steep discount right now. I share three compelling opportunities, yielding up to 7.3% with big buybacks involved as well.
Farmland Partners Announces Tax Treatment of 2024 Distributions
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today announced the tax treatment of our 2024 common stock distributions, as summarized in the following table. Farmland Partners Inc. CUSIP: 31154R109 EIN: 46-3769850 Farmland Partners Inc. 2024 Dividend Treatment Common Stock Dividends Capital Gains DeclarationDate Payment Date Record Date DistributionPer Share DistributionPer Share Allocable to2024 TaxableOrdinary(Box 1a) Qualified (Box 1b)(1) Total(Box.
The State Of REITs: January 2025 Edition
The REIT sector took a beating in December with an average total return of -6.85% but still finished in the black for full year 2024 (+3.70%). Small cap (-5.98%) and mid cap REITs (-6.62%) outperformed large caps (-7.43%) and micro caps (-8.63%) in December. Only 9.68% of REIT securities had a positive total return in December. 55.63% had a positive total return for all of 2024.
Farmland Partners: Diversification Benefits And An Improving Dividend Profile
Data suggests that Farmland Partners Inc. offers diversification benefits with a weak correlation to major equity and real estate ETFs. The REIT's business model includes leasing agricultural land, selling crops, and providing ancillary services, ensuring revenue diversification. Strong fundamentals, including high collection rates, long-term leases, and involvement in renewable energy, support a positive outlook for 2025.
Farmland Partners: AFFO Set To Benefit From Deleveraging In 2025
Farmland Partners executed two significant transactions in Q4 2024 producing proceeds of $308 million and exiting the Florida, South and North Carolina farmland markets. The transaction increases the significance of California permanent crop farms which are more difficult to value. I estimate FPI's AFFO should increase to $0.35-$0.40/share in 2025 driven by deleveraging and cost savings. Even so, the AFFO multiple remains too high.
3 Big Dividends Backed By High-Quality Assets
Avoid private equity and REITs offering unsustainable high yields; they often rely on risky investments or leverage, leading to potential capital destruction. We prefer to look at the cashflows first to ensure companies have enough to sustain the dividend while retaining some for growth. This article explores the various pitfalls of traditional high-yield investing and proposes 3 high-yield stocks that offer a better total return potential.
Fed Ahead
Ahead of the Federal Reserve's critical interest rate decision next week, U.S. equity markets snapped a three-week winning streak as benchmark interest rates jumped to the cusp of five-month highs. Lukewarm CPI and PPI inflation reports were "good enough" to solidify another Fed rate cut next week, but "sticky" trends called into question the outlook for continued easing in 2025. After setting a series of fresh record-highs in the prior week, the S&P 500 slipped 0.6% this week, but still remains on pace for its best year since 2019.
Farmland Partners Declares $1.15 per Share Special Dividend After Strong Year
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today announced that its Board of Directors has declared a one-time dividend of $1.15 per share of common stock and Class A Common OP Unit, payable in cash on January 8, 2025 to shareholders of record on December 23, 2024. The announcement comes at the end of a year that saw the Company sell farmland and related assets for consideration totaling approximately $308 million, generating a total gain for FPI of app.
'Tis The Season For REIT Dividends
U.S. equity markets climbed to fresh record-highs while benchmark interest rates dipped sharply, as investors parsed inflation data and deliberated the potential implementation and impacts of Trump Administration policies. Markets cheered the nomination of Scott Bessent for US Treasury Secretary, reflecting expectations that the implementation of hawkish trade and immigration policies would consider the impacts on U.S. financial markets. Extending its post-election gains to around 6%, the S&P 500 advanced another 1.2% this week. The Small-Cap 600 gained 1.1% this week - lifting its post-election gains to over 10%.
Aethlon Medical Reaches Key Milestone with Enrollment of the First Patient in (FPI) Its Hemopurifier® Cancer Trial in Australia
Patient Enrolled at the Cancer Clinical Trial Unit, CALHN, Royal Adelaide Hospital Aethlon's Trial is a Safety, Feasibility, and Dose Finding Study of the Hemopurifier® in Patients with Solid Tumors Not Responding to Anti-PD-1 Antibodies SAN DIEGO , Nov. 11, 2024 /PRNewswire/ -- Aethlon Medical, Inc. (Nasdaq: AEMD), a medical therapeutic company focused on developing products to treat cancer and life-threatening infectious diseases, today announced enrollment of the first patient in its Australian safety, feasibility and dose-finding clinical trial of the Hemopurifier® in patients with solid tumors who have stable or progressive disease during anti-PD-1 monotherapy treatment, such as Keytruda® (pembrolizumab) or Opdivo® (nivolumab) (AEMD-2022-06 Hemopurifier Study). The patient was enrolled on October 29, 2024, by Prof.
Farmland Partners, Inc. (FPI) Q3 2024 Earnings Call Transcript
Farmland Partners, Inc. (NYSE:FPI ) Q3 2024 Earnings Conference Call October 31, 2024 11:00 AM ET Company Participants Christine Garrison - General Counsel Luca Fabbri - President and CEO Paul Pittman - Executive Chairman Susan Landi - Chief Financial Officer Conference Call Participants Robert Stevenson - Janney Scott Fortune - ROTH Capital Partners Buck Horne - Raymond James John Massocca - B. Riley Craig Kucera - Lucid Capital Markets Operator Thank you for standing by.
Farmland Partners (FPI) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Farmland Partners (FPI) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Farmland Partners Inc. Announces Date for Third Quarter 2024 Earnings Release and Conference Call
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company”) today announced it will release its financial results for the quarter ended September 30, 2024, after 5 p.m. (Eastern Time) on Wednesday, October 30, 2024, and will host a conference call the following day, Thursday, October 31, 2024, at 11:00 a.m. (Eastern Time) to discuss the financial results and provide a company update. The call can be accessed live over the phone by dialing 1-800-715-9871 and using the conference.
Farmland Partners Completes $289 Million Farmland Sale
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today confirmed that the recently announced sale of a portfolio of farmland to Farmland Reserve, Inc. (“Farmland Reserve”) closed as scheduled on October 16, 2024 (the “Transaction”). The portfolio sold to Farmland Reserve consisted of 46 farms, comprising 41,554 acres of farmland in Arkansas, Florida, Louisiana, Mississippi, Nebraska, Oklahoma, and the Carolinas. The $289 million all-cash Transaction generated.
These REITs Trade At Premiums, But Should They?
REIT sectors are often mispriced due to broad-brush analysis; individual property types react differently to economic news, creating investment opportunities. Industrial REITs face weakened fundamentals but still have growth potential; STAG Industrial and Plymouth are undervalued within the sector. Manufactured housing REITs deserve their premium due to affordability and constrained supply; UMH Properties and Flagship offer cheaper entry points.
Farmland Partners Massive Land Sale Demonstrates Asset Value
Farmland Partners' recent sale of 41,554 acres at a 61% premium to USDA values highlights its NAV at $17-$21 per share, well above market price. This sale disproves bear claims, showing FPI's land quality and potential for higher value, especially with remaining high-value assets in Illinois and California. FPI's net asset value is roughly 70% higher than its market price, offering potential returns from portfolio sales, asset sales with buybacks, or continued operations.
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Explore detailed financial metrics and analysis for FPI.