Farmland Partners (FPI) Company Report

Farmland Partners Inc. reported Q3 2025 net income of $0.5 million ($0.00 per share) and AFFO of $2.9 million ($0.07 per weighted average share). For the nine months ended September 30, 2025, net income was $10.4 million ($0.18 per share) and AFFO was $6.5 million ($0.14 per weighted average share).
The company updated its 2025 AFFO guidance to a range of $14.5 million to $16.6 million, or $0.32 to $0.36 per share, an increase from the prior quarter.
FPI announced a planned special dividend for 2025, targeting a range of $0.18 to $0.22 per share to be issued in January 2026 alongside the regular dividend.
Key strategic actions include the sale of its Murray Wise Associates subsidiary, expected to close on November 15 , and the exchange of $31 million worth of CSA Preferred units for properties in Illinois, which appreciated by 56% over 10 years and is set to close on December 10.
Significant debt reductions resulted in a $3.2 million decrease in interest expense for the three months ended September 30, 2025, and $8.4 million for the nine months ended September 30, 2025. The company had approximately $159 million in full undrawn capacity on its lines of credit at the end of Q3 2025.

Oct 30, 2025, 3:00 PM

Farmland Partners Inc. Reports Q3 2025 Results, Raises Guidance, and Announces Strategic Dispositions

FPI

Earnings

Guidance Update

M&A

Farmland Partners Inc. (FPI) reported net income of $0.5 million and AFFO of $2.9 million, or $0.07 per share, for the third quarter ended September 30, 2025.
The company increased its fiscal year 2025 AFFO guidance range to $0.32 to $0.36 per share, up from $0.28 to $0.34.
During the quarter, FPI repurchased 1,248,802 shares of its common stock at a weighted average price of $10.84 per share.
Subsequent to September 30, 2025, FPI entered into agreements to sell its brokerage and farm management business for $5.3 million and dispose of 23 properties in exchange for $31.0 million of Series A preferred units.
A quarterly cash dividend of $0.06 per share was declared, payable January 15, 2026, and a special dividend between $0.18 and $0.22 per share is projected for the year ended 2025, payable in January 2026.

Oct 30, 2025, 3:00 PM

Farmland Partners Inc. Reports Third Quarter 2025 Results and Updates Guidance

FPI

Earnings

Guidance Update

M&A

Farmland Partners Inc. reported net income of $0.5 million and AFFO of $2.9 million, or $0.07 per share, for the quarter ended September 30, 2025.
The company increased its Fiscal Year 2025 AFFO guidance range to $0.32 to $0.36 from $0.28 to $0.34.
Subsequent to Q3 2025, Farmland Partners Inc. agreed to sell its brokerage and farm management business for $5.3 million and dispose of 23 properties for $31.0 million in exchange for Series A preferred units, reducing exposure from $99.0 million to $68.0 million.
During Q3 2025, the company repurchased 1,248,802 shares of its common stock at a weighted average price of $10.84 per share.
A special dividend for 2025 is projected to be between $0.18 and $0.22 per share, payable in January 2026.

Oct 29, 2025, 8:10 PM

Farmland Partners Inc. Reports Third Quarter 2025 Results and Increased Guidance

FPI

Earnings

Guidance Update

M&A

Farmland Partners Inc. reported net income of $0.5 million, or $0.00 per share, and AFFO of $2.9 million, or $0.07 per share, for the third quarter ended September 30, 2025.
The company increased its fiscal year 2025 AFFO guidance range to $0.32 to $0.36 per share.
During the third quarter, FPI repurchased 1,248,802 shares of its common stock at a weighted average price of $10.84 per share and made $23.0 million in repayments against its lines of credit.
Subsequent to September 30, 2025, the company entered into a definitive agreement to sell its brokerage and farm management business for $5.3 million and expects to issue a special dividend for 2025 between $0.18 and $0.22 per share, payable in January 2026.

Oct 29, 2025, 8:05 PM

Farmland Partners Inc. Sells Murray Wise Associates to Peoples Company

FPI

M&A

Management Change

Peoples Company is set to acquire Murray Wise Associates, LLC (MWA) from Farmland Partners Inc. (FPI), with the transaction effective November 15, 2025.
The acquisition includes the transition of select non-core farmland assets for management by Peoples Company.
FPI had originally acquired MWA in November 2021, which added approximately 16,700 acres to FPI's management portfolio at that time.
This transaction reflects a broader industry trend where institutional and asset management firms partner with specialized farm management companies to optimize operational efficiency and enhance returns.