Quarterly ResultApr 30, 2026, 04:21 PM
FPI Q1 Net Income $0.41M, EPS $0.01; Dividend $0.09; Mortgage Debt Up
AI Summary
Farmland Partners Inc. reported Q1 2026 net income available to common stockholders of $0.41 million, a decrease from $1.27 million in Q1 2025, with basic EPS falling to $0.01 from $0.03. Total operating revenues slightly decreased to $10.10 million from $10.25 million year-over-year. Despite the decline in net income, the company declared a higher dividend of $0.09 per common share. Significant financing activities included $80.2 million in new mortgage notes payable and the redemption of $68.2 million in Series A preferred units. The company also generated $8.25 million in net cash from operating activities and disposed of one property for $9.4 million, incurring a $0.3 million loss.
Key Highlights
- Net income available to common stockholders $0.41M, down from $1.27M YoY.
- Basic EPS $0.01, down from $0.03 YoY.
- Total operating revenues $10.10M, down from $10.25M YoY.
- Dividends declared per common share $0.09, up from $0.06 YoY.
- Proceeds from disposition of assets $9.4M, with a $0.3M loss.
- Borrowings from mortgage notes payable $80.2M.
- Redemption of Series A preferred units $68.2M.
- Net cash from operating activities $8.25M, up from $6.37M YoY.