v3.26.1

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
OPERATING REVENUES:
Rental income	$ 6,297	$ 6,970
Total operating revenues	10,102	10,252
OPERATING EXPENSES
Depreciation, depletion and amortization	910	1,173
Property operating expenses	1,216	1,480
Cost of goods sold	282	664
Provision for credit loss allowance	1,819	69
Acquisition and due diligence costs		5
General and administrative expenses	1,926	2,552
Legal and accounting	367	444
Other operating expenses		12
Total operating expenses	6,520	6,399
OTHER (INCOME) EXPENSE:
Other (income)	(26)	(133)
(Income) loss from equity method investment	(21)	1
(Gain) loss on disposition of assets, net	255	(763)
Interest expense	2,721	2,638
Total other expense	2,929	1,743
Net income before income tax expense	653	2,110
Income tax expense	7	17
NET INCOME	646	2,093
Net (income) attributable to non-controlling interests in operating partnership	(6)	(54)
Net income attributable to the Company	640	2,039
Distributions on Series A Preferred Units	(204)	(743)
Net income available to common stockholders of Farmland Partners Inc.	$ 406	$ 1,272
Basic and diluted per common share data:
Basic net income available to common stockholders	$ 0.01	$ 0.03
Diluted net income available to common stockholders	$ 0.01	$ 0.03
Basic weighted average common shares outstanding	43,197	45,590
Diluted weighted average common shares outstanding	43,197	45,590
Dividends declared per common share - regular and special	$ 0.09	$ 0.06
Performance-based unvested restricted shares
OTHER (INCOME) EXPENSE:
Dividend equivalent rights or nonforfeitable distributions allocated to unvested restricted shares	$ (8)	$ (4)
Time-based unvested restricted shares
OTHER (INCOME) EXPENSE:
Dividend equivalent rights or nonforfeitable distributions allocated to unvested restricted shares	(22)	(20)
Crop sales
OPERATING REVENUES:
Revenue	264	847
Other revenue
OPERATING REVENUES:
Revenue	$ 3,541	$ 2,435

The aggregate costs related to real estate sold.

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Farmland Partners Inc. 10-Q