Farmland partners inc. (FPI)
Balance Sheet / Yearly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13
ASSETS
Land, at cost

937,847

937,813

934,799

935,486

953,499

957,516

953,502

974,264

975,107

947,899

835,986

834,953

822,189

551,392

546,794

534,389

524,285

290,828

281,315

269,122

162,930

152,294

67,994

64,510

-

34,693

Grain facilities

12,090

12,091

12,103

12,103

12,184

12,184

11,093

11,533

11,500

11,463

10,732

8,489

8,518

6,856

6,244

5,447

5,447

4,830

4,259

2,650

2,650

2,650

2,563

2,563

-

2,563

Groundwater

11,473

11,473

11,473

11,473

11,473

11,473

11,473

11,473

12,107

12,107

12,072

12,072

12,072

11,933

11,933

8,401

7,767

6,333

6,332

6,332

5,630

5,004

1,742

1,742

-

-

Irrigation improvements

54,299

53,871

53,751

53,398

54,956

53,458

52,391

52,372

52,531

51,678

50,660

46,011

45,398

15,988

15,839

15,244

13,851

11,909

11,130

9,716

5,651

5,188

1,555

1,336

-

768

Drainage improvements

12,674

12,674

12,311

12,311

12,311

12,271

11,981

11,981

11,975

9,964

8,146

7,740

5,907

4,757

4,778

2,860

2,755

1,641

1,530

1,072

783

783

779

779

-

779

Permanent plantings

51,967

52,089

52,089

52,905

53,052

52,989

52,989

52,955

52,905

52,870

51,868

51,663

51,663

1,845

1,846

1,845

1,845

1,168

1,168

-

-

-

-

-

-

-

Other

7,840

7,827

7,827

7,827

8,831

8,196

8,184

8,247

8,247

8,245

6,615

6,608

6,564

2,901

2,874

1,363

1,363

913

932

681

643

570

88

70

-

-

Construction in progress

12,474

11,911

10,835

10,217

9,756

10,262

15,380

13,189

10,017

8,137

7,843

9,357

5,241

1,615

863

2,899

603

286

215

1,952

1,927

-

-

-

-

-

Real estate, at cost

1,100,664

1,099,749

1,095,188

1,095,720

1,116,062

1,118,349

1,116,993

1,136,014

1,134,389

1,102,363

983,922

976,893

957,552

597,287

591,171

572,448

557,916

317,908

306,885

291,529

180,218

166,492

74,724

71,003

-

38,805

Less accumulated depreciation

27,206

25,277

23,317

21,747

20,232

18,202

16,173

14,217

12,306

10,285

8,309

6,419

4,555

3,224

2,773

2,353

1,988

1,671

1,390

1,153

950

777

658

558

-

450

Total real estate, net

1,073,458

1,074,472

1,071,871

1,073,973

1,095,830

1,100,147

1,100,820

1,121,797

1,122,083

1,092,078

975,613

970,474

952,997

594,063

588,398

570,095

555,928

316,237

305,494

290,375

179,267

165,715

74,066

70,445

-

38,355

Deposits

90

1

50

-

-

-

6

84

33

239

1,161

99

333

5,721

196

1,134

264

765

226

282

946

419

1,001

300

-

-

Cash

14,994

12,561

8,563

22,359

19,150

16,891

23,808

26,414

19,666

53,536

129,298

29,422

6,363

47,166

17,189

32,464

35,732

23,514

42,504

20,819

18,183

33,736

63,747

5,429

1

17

Notes and interest receivable, net

4,278

4,767

7,765

7,753

-

11,877

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Notes and interest receivable, net

-

-

-

-

11,844

-

12,381

12,469

11,648

9,760

6,951

5,960

4,247

2,843

2,870

2,815

2,760

2,812

1,805

-

-

-

-

-

-

-

Right of Use Asset

198

73

104

135

166

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred offering costs

-

-

-

218

218

218

217

430

308

292

280

326

276

216

250

238

267

267

285

386

-

0

-

331

-

699

Deferred financing fees, net

152

174

196

217

239

261

290

305

326

348

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing fees, net

-

-

-

-

-

-

-

-

-

-

370

391

413

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing fees, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

407

-

251

203

-

133

Accounts receivable, net

5,814

5,515

5,347

4,579

7,875

6,136

5,454

3,986

5,568

6,650

3,205

3,293

2,960

4,181

2,131

1,949

1,721

703

744

188

113

336

79

17

-

12

Accounts receivable, related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

396

332

249

182

137

91

-

450

Inventory

1,619

1,550

1,196

708

63

341

295

420

370

126

92

75

198

283

378

390

225

249

199

183

-

0

-

-

-

-

Prepaid expenses and other assets

2,353

3,440

1,956

1,881

2,467

3,638

1,904

2,185

2,595

3,057

2,746

2,979

3,480

1,056

-

-

-

407

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,053

919

941

-

432

417

310

267

99

128

-

-

TOTAL ASSETS

1,102,956

1,102,553

1,097,048

1,111,823

1,137,852

1,139,509

1,145,175

1,168,090

1,162,597

1,166,086

1,119,716

1,013,019

971,267

655,529

612,465

610,004

597,838

344,954

352,090

312,986

199,479

200,658

139,384

76,947

1

39,669

LIABILITIES AND EQUITY
LIABILITIES
Mortgage notes and bonds payable, net

-

-

-

-

-

523,641

-

-

-

514,071

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage notes and bonds payable, net

511,283

511,403

511,393

512,469

521,573

-

523,625

533,799

513,974

-

464,494

485,400

436,684

308,779

-

-

-

-

-

-

-

-

-

-

-

-

Lease Liability

198

73

104

135

166

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Mortgage notes and bonds payable, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

302,393

297,289

289,604

187,074

190,060

183,453

-

113,513

-

-

-

-

Mortgage notes and bonds payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

107,776

-

51,454

30,754

-

43,065

Dividends payable

1,593

1,593

1,599

1,613

1,712

1,681

1,806

4,767

4,767

4,847

4,882

4,998

4,991

2,938

2,515

2,498

2,404

2,060

2,060

1,631

1,129

1,122

1,016

625

-

-

Derivative liability

3,227

1,644

1,815

1,735

1,080

865

173

495

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued interest

3,414

3,111

3,630

4,469

3,969

4,296

5,832

4,158

3,364

3,193

2,886

3,079

1,876

1,538

1,626

1,478

1,539

681

1,457

559

495

238

34

-

-

78

Accrued property taxes

2,411

1,873

2,630

2,013

2,134

1,666

2,342

1,907

1,374

1,584

1,523

1,574

1,410

1,225

962

892

923

765

564

386

280

241

178

110

-

-

Deferred revenue

10,182

71

248

-

-

238

-

-

-

3,907

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

5,254

12,362

-

636

7,905

15,106

-

3,876

9,328

13,914

982

5,720

8,795

12,045

4,854

7,383

10,159

5,913

1,364

1,753

2,829

-

-

Accrued expenses

4,369

5,868

4,256

3,554

3,199

3,581

2,489

1,762

2,297

2,800

3,525

3,823

5,245

4,558

3,002

2,357

1,361

1,292

1,338

1,216

732

651

235

514

-

1,248

Total liabilities

536,677

525,636

525,675

531,242

546,195

535,968

536,903

554,793

540,882

530,402

481,186

508,202

464,120

320,020

316,218

313,309

307,876

196,726

202,864

197,405

116,328

117,132

54,670

34,834

-

44,392

Commitments and contingencies (See Note 8)

-

-

-

-

-

-

0

0

0

-

-

-

0

0

0

0

0

0

0

0

-

0

0

0

-

0

Series B Participating Preferred Stock, $0.01 par value, 6,037,500 shares authorized; 5,924,060 shares issued and outstanding at March 31, 2020, and 5,972,059 at December 31, 2019

141,885

142,861

-

-

-

143,758

-

-

-

-

144,223

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Series B Participating Preferred Stock, $0.01 par value, 100,000,000 shares authorized; 5,972,059 shares issued and outstanding at September 30, 2019, and 6,013,587 December 31, 2018

-

-

142,861

145,154

145,696

-

146,383

144,223

146,487

144,223

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redeemable non-controlling interest in operating partnership, common units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,519

9,694

-

-

-

-

-

-

-

-

Redeemable non-controlling interest in operating partnership, Series A preferred units

117,877

120,510

119,633

118,755

117,878

120,510

119,633

118,755

117,878

120,510

119,633

118,755

117,877

119,915

119,057

118,170

117,283

-

-

-

-

-

-

-

-

-

Redeemable non-controlling interest in operating partnership

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,558

9,757

-

-

-

-

-

-

EQUITY
Common stock, $0.01 par value, 500,000,000 shares authorized; 29,866,000 shares issued and outstanding at March 31, 2020, and 29,952,608 shares issued and outstanding at December 31, 2019

289

292

292

290

310

300

311

323

323

329

322

324

321

172

139

130

118

118

117

84

75

75

75

38

0

0

Additional paid in capital

337,457

338,387

338,791

335,256

348,075

332,996

338,975

346,600

345,845

350,147

342,313

342,891

338,732

172,100

137,571

130,138

118,171

114,783

114,795

80,876

69,856

68,980

68,789

28,596

0

0

Retained earnings

3,530

6,251

179

4,660

1,733

4,852

678

178

2,459

5,161

2,665

2,408

1,599

4,103

247

178

-695

659

6

-617

-724

-568

-330

-358

-

-

Distributions in excess of earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,188

5,661

4,133

3,034

-

1,233

421

-

-

Cumulative dividends

50,282

48,784

47,268

45,778

44,286

42,695

41,165

39,580

35,389

31,199

26,948

22,796

18,610

14,473

12,261

10,470

8,728

-

-

-

-

2,130

-

-

-

-

Other comprehensive income

-3,227

-1,644

-1,815

-1,735

-1,080

-865

-173

-495

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Members' deficit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,723

Non-controlling interests in operating partnership

18,750

19,044

18,700

23,979

23,331

44,685

43,630

43,293

44,112

46,513

56,322

63,235

67,228

53,692

51,494

58,549

54,294

30,162

30,409

29,613

16,977

17,168

17,412

14,257

-

-

Total equity

306,517

313,546

308,879

316,672

328,083

339,273

342,256

350,319

357,350

370,951

374,674

386,062

389,270

215,594

177,190

178,525

163,160

138,534

139,667

105,823

83,151

83,525

84,713

42,112

-

-4,722

TOTAL LIABILITIES, REDEEMABLE NON-CONTROLLING INTEREST IN OPERATING PARTNERSHIP AND EQUITY

1,102,956

1,102,553

1,097,048

1,111,823

1,137,852

1,139,509

1,145,175

1,168,090

1,162,597

1,166,086

1,119,716

1,013,019

971,267

655,529

612,465

610,004

597,838

344,954

352,090

312,986

199,479

200,658

139,384

76,947

-

39,669

TOTAL STOCKHOLDER'S EQUITY

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

-