Every 10-Q that Farmland Partners Inc. (FPI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow FPI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FPI filings page.
Farmland Partners Inc. reported lower profitability for the quarter ended March 31, 2026 while reshaping its balance sheet. Total operating revenues were $10.1 million, roughly flat year over year, but net income fell to $0.6 million from $2.1 million as credit loss expense rose sharply.
Rental income was $6.3 million, with most revenue still coming from fixed farm rents, while crop sales and other revenue, including $2.9 million of interest and points income on loans, rounded out the mix. Funds From Operations (FFO) were $1.8 million and Adjusted FFO was $2.1 million, or $0.05 per diluted share, matching the prior-year per-share level despite lower absolute earnings.
The company continued to actively manage capital. It ended the quarter with $711.7 million of assets, including $605.9 million of real estate at net book value and $77.6 million of loans and financing receivables after a $4.0 million allowance for credit losses. Mortgage and bond debt increased to $231.8 million, helped by a $71.2 million Farmer Mac facility draw, while all $68.0 million of Series A preferred units were redeemed, simplifying the equity stack. Operating cash flow improved to $8.2 million and cash rose to $17.7 million, supported by $12.0 million of net cash from investing activities, including $9.4 million of West Coast property sale proceeds.
Farmland Partners Inc. (FPI) reported mixed Q3 results. Total operating revenue was $11.3 million versus $13.3 million a year ago, as rental income fell to $6.0 million while other revenue, largely interest income, rose to $2.5 million. The company recorded $1.0 million of asset impairment in the quarter tied to West Coast properties, and reported net income of $0.5 million. Net income available to common stockholders was a small loss of $0.1 million with diluted EPS of $0.00.
Year-to-date, FPI generated net income of $10.4 million (vs. $1.2 million). AFFO rose to $2.9 million in Q3 (AFFO/share $0.07) and to $6.5 million year-to-date (AFFO/share $0.14). The company sold 35 properties for $85.5 million and recognized a $24.5 million gain, while acquiring six properties for $7.3 million. Cash from investing was $70.8 million, offset by $138.0 million of financing outflows, including $61.2 million in common dividends and $37.8 million of share repurchases. Cash ended at $13.5 million.
As of September 30, 2025, mortgage and other debt was $169.8 million against net real estate of $643.0 million, with $159.0 million of undrawn credit availability. Shares outstanding were 43,097,555 as of October 24, 2025.