Farmland Partners Inc. — Third Quarter 2026 Earnings Summary

Farmland Partners Inc. reported a net loss of $15.5 million for the third quarter of 2026, driven by $12.0 million in asset impairments in California and increased credit loss reserves. Adjusted Funds From Operations (AFFO) for the quarter turned negative to ($2.1) million, a significant decline from the $2.9 million reported in the same period of 2025. The company continued its strategy to reduce California exposure by selling one property and repurchased approximately 1.65 million shares of its common stock. Additionally, the company updated its litigation status, noting a favorable appellate ruling regarding claims against Sabrepoint while facing an adverse ruling in a separate breach of contract case.