Farmland Partners Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

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

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q