Farmland Partners Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property Revenue	35.26	35.93	47.12	49.19	48.88	48.7
Service and Other Revenue	16.77	16.25	11.11	8.28	12.33	3.04
Revenue	52.03	52.18	58.23	57.47	61.21	51.74
Revenue Growth (YoY)	-7.90%	-10.39%	1.32%	-6.12%	18.30%	2.07%
Property Expenses	5.38	5.64	7.37	8.66	8.19	7.33
Service and Other Expenses	4.24	4.62	3.94	4.75	5.97	1.53
Total Property Expenses	9.62	10.26	11.31	13.41	14.16	8.86
Gross Profit	42.41	41.92	46.92	44.05	47.05	42.88
Selling, General & Admin	13.88	14.65	15.75	12.57	14.99	18.41
Depreciation & Amortization Expenses	3.91	4.17	5.59	7.5	6.96	7.63
Other Operating Expenses	19.67	17.86	0.89	5.98	0.13	0.03
Operating Income	4.96	5.23	24.69	18	24.97	16.81
Net Gains on Disposal of Properties	34.85	35.86	54.15	36.13	2.64	9.29
Interest Income	0.6	0.69	1.45	0.04	0.72	0.09
Interest Expense	-9.71	-9.63	-18.85	-22.66	-16.14	-15.93
Total Non-Operating Income (Expense)	25.74	26.92	36.75	13.52	-12.79	-6.55
Pretax Income	30.7	32.16	61.43	31.52	12.19	10.26
Provision for Income Taxes	-0.03	-0.02	-0.02	-0.17	0.23	-
Net Income	27.93	28.8	56.43	27.79	8.4	-5.83
Minority Interest in Earnings	0.58	0.63	1.54	0.77	0.29	0.27
Net Income Attributable to Preferred Dividends	2.22	2.75	3.48	3.13	3.27	15.83
Net Income to Common	27.93	28.8	56.43	27.79	8.4	-5.83
Net Income Growth	-51.08%	-48.97%	103.08%	230.75%	-	-
Shares Outstanding (Basic)	44	44	48	50	51	35
Shares Outstanding (Diluted)	46	51	56	58	51	35
Shares Change (YoY)	-1.74%	-8.45%	-3.95%	14.40%	47.09%	17.92%
EPS (Basic)	0.63	0.65	1.19	0.55	0.16	-0.17
EPS (Diluted)	0.58	0.61	1.06	0.53	0.16	-0.17
EPS Growth	-45.79%	-42.45%	100.00%	231.25%	-	-
Shares Outstanding	43.62	43.09	45.93	48	54.32	45.47
Free Cash Flow	17.75	9.58	-3.25	-15.1	-41.71	-76.04
Free Cash Flow Growth	85.29%	-	-	-	-	-
Free Cash Flow Per Share	0.39	0.19	-0.06	-0.26	-0.82	-2.19
Dividends Per Share	0.270	0.240	0.240	0.240	0.230	0.200
Dividend Growth	12.50%	-	-	4.35%	15.00%	-
Gross Margin	81.52%	80.33%	80.58%	76.66%	76.87%	82.88%
Operating Margin	9.54%	10.03%	42.40%	31.32%	40.80%	32.50%
Profit Margin	59.05%	61.66%	105.54%	55.13%	19.54%	19.83%
FCF Margin	34.12%	18.36%	-5.58%	-26.27%	-68.14%	-146.96%
EBITDA	8.87	9.4	30.28	25.5	31.93	24.44
EBITDA Margin	17.04%	18.02%	52.00%	44.37%	52.17%	47.24%
EBIT	4.96	5.23	24.69	18	24.97	16.81
EBIT Margin	9.54%	10.03%	42.40%	31.32%	40.80%	32.50%
Effective Tax Rate	-0.08%	-0.05%	-0.03%	-0.53%	1.86%	0.00%

Updated Apr 30, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q