| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Land, at cost | 590,037 | 594,507 | ||
| Grain facilities | 7,476 | 7,476 | ||
| Groundwater | 8,858 | 8,858 | ||
| Irrigation improvements | 22,799 | 23,532 | ||
| Drainage improvements | 7,273 | 7,273 | ||
| Permanent plantings | 28,049 | 27,138 | ||
| Other | 3,550 | 3,953 | ||
| Construction in progress | 1,281 | 1,359 | ||
| Real estate, at cost | 669,323 | 674,096 | ||
| Less accumulated depreciation | 26,287 | 25,525 | ||
| Total real estate, net | 643,036 | 648,571 | ||
| Deposits | 500 | - | ||
| Cash and cash equivalents | 13,469 | 51,073 | ||
| Loans and financing receivables, net | 64,086 | 64,066 | ||
| Assets held for sale | - | 23 | ||
| Right of use asset, net | 541 | 641 | ||
| Accounts receivable, net | 5,767 | 470 | ||
| Derivative asset | 233 | 428 | ||
| Inventory | 2,220 | 2,591 | ||
| Equity method investments | 4,215 | 4,053 | ||
| Intangible assets, net | 1,359 | 1,364 | ||
| Goodwill | 2,706 | 2,706 | ||
| Prepaid and other assets | 416 | 685 | ||
| Total assets | 738,548 | 776,671 | ||
| Principal outstanding | 170,391 | - | ||
| Debt issuance costs | 546 | - | ||
| Mortgage notes and bonds payable, net | 169,845 | 192,747 | ||
| Lease liability | 541 | 641 | ||
| Dividends payable | 2,697 | 2,763 | ||
| Accrued interest | 1,872 | 2,326 | ||
| Accrued property taxes | 1,907 | 1,224 | ||
| Deferred revenue | 63 | 175 | ||
| Accrued expenses | 3,227 | 2,795 | ||
| Total liabilities | 180,152 | 202,671 | ||
| Redeemable non-controlling interest in operating partnership, series a preferred units | 101,074 | 100,485 | ||
| Common stock, 0.01 par value, 500,000,000 shares authorized 43,097,555 shares issued and outstanding at september 30, 2025, and 45,931,827 shares issued and outstanding at december 31, 2024 | 431 | 443 | ||
| Additional paid in capital | 520,397 | 533,422 | ||
| Retained earnings | 96,402 | 96,507 | ||
| Cumulative dividends | 168,419 | 165,829 | ||
| Other comprehensive income | 653 | 1,068 | ||
| Non-controlling interests in operating partnership | 7,858 | 7,904 | ||
| Total equity | 457,322 | 473,515 | ||
| Total liabilities, redeemable non-controlling interests in operating partnership and equity | 738,548 | 776,671 | ||
Farmland Partners Inc. (FPI)
Farmland Partners Inc. (FPI)