Craig Kucera

John Massocca

Robert Stevenson

Buck Horne

Darren Rabenou

Scott Fortune

- 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).  **[0001591670_2216784_3]**  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).  **[0001591670_2216784_3]** 
- 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.  **[0001591670_2216784_4]** 
- 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.  **[0001591670_2216784_2]** 
- Key strategic actions include the sale of its Murray Wise Associates subsidiary, expected to close on **November 15**  **[0001591670_2216784_2]** **[0001591670_2216784_6]** , 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**.  **[0001591670_2216784_2]** **[0001591670_2216784_5]** 
- 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.  **[0001591670_2216784_3]**  The company had approximately **$159 million** in full undrawn capacity on its lines of credit at the end of Q3 2025.  **[0001591670_2216784_3]**

Farmland Partners Inc. Reports Q3 2025 Results, Raises 2025 AFFO Guidance, and Announces Special Dividend

- 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.  **[0001591670_2215144:2]** 
- 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.  **[0001591670_2215144:2]** 
- During the quarter, FPI **repurchased 1,248,802 shares** of its common stock at a weighted average price of **$10.84 per share**.  **[0001591670_2215144:2]** 
- 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**.  **[0001591670_2215144:2]** 
- 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.  **[0001591670_2215144:5]** **[0001591670_2215144:3]**

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

- 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.  **[1591670_01ca0cf016504bfeb07f11e3f2581741_0]** 
- The company **increased its Fiscal Year 2025 AFFO guidance range to $0.32 to $0.36** from $0.28 to $0.34.  **[1591670_01ca0cf016504bfeb07f11e3f2581741_0]** 
- 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.  **[1591670_01ca0cf016504bfeb07f11e3f2581741_0]** 
- During Q3 2025, the company **repurchased 1,248,802 shares** of its common stock at a weighted average price of **$10.84 per share**.  **[1591670_01ca0cf016504bfeb07f11e3f2581741_0]** 
- A **special dividend for 2025** is projected to be between **$0.18 and $0.22 per share**, payable in January 2026.  **[1591670_01ca0cf016504bfeb07f11e3f2581741_0]**

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

- 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.  **[1591670_0001104659-25-103713_fpi-20251029xex99d1.htm:0]** 
- The company increased its fiscal year 2025 AFFO guidance range to **$0.32 to $0.36** per share.  **[1591670_0001104659-25-103713_fpi-20251029xex99d1.htm:0]** 
- 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.  **[1591670_0001104659-25-103713_fpi-20251029xex99d1.htm:0]** 
- 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.  **[1591670_0001104659-25-103713_fpi-20251029xex99d1.htm:1]**

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

- **Peoples Company** is set to acquire **Murray Wise Associates, LLC (MWA)** from **Farmland Partners Inc. (FPI)**, with the transaction effective **November 15, 2025**.  **[1591670_20251022PH04348:0]** 
- The acquisition includes the **transition of select non-core farmland assets** for management by Peoples Company.  **[1591670_20251022PH04348:0]** 
- FPI had originally acquired MWA in **November 2021**, which added approximately **16,700 acres** to FPI's management portfolio at that time.  **[1591670_20251022PH04348:0]** 
- 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.  **[1591670_20251022PH04348:0]**

Farmland Partners (FPI)