Farmland Partners Inc. (FPI)
Farmland Partners Inc. (FPI)
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Land, at cost | 555,461 | 565,002 | 590,037 | 594,507 |
| Grain facilities | 7,242 | 7,476 | 7,476 | 7,476 |
| Groundwater | 8,858 | 8,858 | 8,858 | 8,858 |
| Irrigation improvements | 22,804 | 22,741 | 22,799 | 23,532 |
| Drainage improvements | 6,401 | 6,401 | 7,273 | 7,273 |
| Permanent plantings | 28,015 | 28,049 | 28,049 | 27,138 |
| Other | 3,222 | 3,334 | 3,550 | 3,953 |
| Construction in progress | 1,216 | 1,190 | 1,281 | 1,359 |
| Real estate, at cost | 633,219 | 643,051 | 669,323 | 674,096 |
| Less accumulated depreciation | 27,364 | 26,783 | 26,287 | 25,525 |
| Total real estate, net | 605,855 | 616,268 | 643,036 | 648,571 |
| Derivative asset | NaN | 141 | 233 | 428 |
| Deposits | NaN | NaN | 500 | NaN |
| Cash and cash equivalents | 17,741 | 9,293 | 13,469 | 51,073 |
| Loans and financing receivables, net | 77,594 | 80,232 | 64,086 | 64,066 |
| Right of use asset, net | 125 | 169 | 541 | 641 |
| Assets held for sale | NaN | NaN | NaN | 23 |
| Intangible assets, net | NaN | NaN | 1,359 | 1,364 |
| Accounts receivable, net | 2,300 | 4,408 | 5,767 | 470 |
| Goodwill | NaN | NaN | 2,706 | 2,706 |
| Inventory | 2,779 | 2,316 | 2,220 | 2,591 |
| Equity method investments | 3,863 | 4,245 | 4,215 | 4,053 |
| Prepaid and other assets | 1,457 | 1,993 | 416 | 685 |
| Total assets | 711,714 | 719,065 | 738,548 | 776,671 |
| Principal outstanding | 232,791 | 161,591 | 170,391 | NaN |
| Debt issuance costs | 1,004 | 749 | 546 | NaN |
| Mortgage notes and bonds payable, net | 231,787 | 160,842 | 169,845 | 192,747 |
| Lease liability | 125 | 169 | 541 | 641 |
| Dividends payable | 4,044 | 11,483 | 2,697 | 2,763 |
| Accrued interest | 2,133 | 2,116 | 1,872 | 2,326 |
| Accrued property taxes | 1,685 | 1,411 | 1,907 | 1,224 |
| Deferred revenue | 5,315 | 1,243 | 63 | 175 |
| Accrued expenses | 3,117 | 3,831 | 3,227 | 2,795 |
| Total liabilities | 248,206 | 181,095 | 180,152 | 202,671 |
| Redeemable non-controlling interest in operating partnership, series a preferred units | NaN | 70,583 | 101,074 | 100,485 |
| Common stock, 0.01 par value, 500,000,000 shares authorized 43,617,201 shares issued and outstanding at march 31, 2026, and 43,093,127 shares issued and outstanding at december 31, 2025 | 436 | 431 | 431 | 443 |
| Additional paid in capital | 525,785 | 520,899 | 520,397 | 533,422 |
| Retained earnings | 117,750 | 117,314 | 96,402 | 96,507 |
| Cumulative dividends | 183,574 | 179,641 | 168,419 | 165,829 |
| Other comprehensive income | NaN | 350 | 653 | 1,068 |
| Non-controlling interests in operating partnership | 3,111 | 8,034 | 7,858 | 7,904 |
| Total equity | 463,508 | 467,387 | 457,322 | 473,515 |
| Total liabilities, redeemable non-controlling interests in operating partnership and equity | 711,714 | 719,065 | 738,548 | 776,671 |