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Farmland Partners Inc. — Third Quarter 2026 Earnings Summary

  • Reported a net loss of $15.5 million ($0.36 per share) for Q3 2026 versus net income of $0.5 million in the prior year period; nine-month net loss was $11.7 million compared to $10.4 million income in 2025, driven by $12.0 million in asset impairment charges and $2.3 million in credit loss reserves.
  • Adjusted Funds From Operations (AFFO) turned negative at $0.05 per share for the quarter, down from $0.07 per share in 2025, while Adjusted EBITDAre fell 81.3% to $1.1 million; total debt increased to $239.8 million from $161.6 million at year-end 2025.
  • Reduced 2026 AFFO per share guidance compared to the prior quarter and executed share repurchases of 1,652,147 shares at a weighted average price of $10.32.
  • Completed dispositions of three properties for $17.4 million with a $3.3 million net gain, while continuing to divest California assets to reduce exposure amid macroeconomic pressures.
  • Board declared a quarterly cash dividend of $0.09 per share; management highlighted strong core portfolio performance despite isolated litigation risks, including a $3.5 million affirmed damages award in Louisiana.
Company
FARMLAND PARTNERS INC
Sector
Real Estate
Industry
REIT - Specialty