| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | |
|---|---|---|---|---|---|---|
OPERATING REVENUES | ||||||
Rental income | ||||||
48,119 | 51,185 | 42,956 | - | - | - | |
Rental income | ||||||
- | - | - | 29,668 | 13,548 | 3,970 | |
Tenant reimbursements | ||||||
- | - | - | - | 135 | 248 | |
Total operating revenues | ||||||
53,564 | 56,069 | 46,219 | 31,001 | - | - | |
Other revenue | ||||||
- | - | - | - | 73 | - | |
Total operating revenues | ||||||
- | - | - | - | 13,756 | 4,218 | |
OPERATING EXPENSES | ||||||
Depreciation, depletion, and amortization | ||||||
8,320 | 8,544 | 7,792 | 1,554 | 893 | 329 | |
Property operating expenses | ||||||
7,897 | 7,834 | 5,897 | 2,379 | 1,104 | 249 | |
Cost of goods sold | ||||||
927 | 125 | 361 | - | - | - | |
Acquisition and due diligence costs | ||||||
6 | 180 | 930 | 2,521 | 260 | 193 | |
General and administrative expenses | ||||||
6,102 | 7,352 | 7,258 | 7,023 | 4,192 | 2,275 | |
Legal and accounting | ||||||
3,971 | 2,330 | 1,453 | 1,447 | 1,090 | 615 | |
Other operating expenses | ||||||
4 | 11 | - | 445 | - | - | |
Total operating expenses | ||||||
27,227 | 26,376 | 23,691 | 15,369 | 7,539 | 3,661 | |
OPERATING INCOME | ||||||
26,337 | 29,693 | 22,528 | 15,632 | 6,217 | 557 | |
OTHER (INCOME) EXPENSE: | ||||||
Other income | ||||||
260 | 264 | 391 | 337 | 98 | 144 | |
Loss (gain) on disposition of assets | ||||||
7,841 | 2,882 | -200 | - | -2 | - | |
Interest expense | ||||||
19,588 | 18,799 | 13,561 | 9,959 | 4,616 | 1,372 | |
Total other expense | ||||||
-11,487 | -15,653 | -13,370 | -9,622 | -4,518 | -1,228 | |
Net income before income tax expense | ||||||
14,850 | 14,040 | 9,158 | 6,010 | 1,699 | -671 | |
Income tax expense | ||||||
- | - | - | 11 | 10 | - | |
NET INCOME (LOSS) | ||||||
14,850 | 14,040 | 9,158 | 5,999 | 1,689 | -671 | |
Net (income) loss attributable to non-controlling interest in operating partnership | ||||||
964 | 1,786 | 1,244 | 1,761 | 360 | -103 | |
Net income attributable to redeemable non-controlling interest in operating partnership | ||||||
- | - | - | -64 | 102 | - | |
Net income (loss) attributable to the Company | ||||||
13,886 | 12,254 | 7,914 | 4,302 | 1,227 | -568 | |
Nonforfeitable distributions allocated to unvested restricted shares | ||||||
77 | 111 | 151 | 96 | 80 | 70 | |
Net loss available to common stockholders of Farmland Partners Inc. | ||||||
1,324 | -420 | 907 | 1,178 | 809 | -638 | |
Basic and diluted per common share data: | ||||||
Basic net (loss) available to common stockholders | ||||||
0.04 | -0.01 | 0.03 | 0.09 | 0.08 | -0.15 | |
Diluted net (loss) available to common stockholders | ||||||
0.04 | -0.01 | 0.03 | 0.09 | 0.08 | -0.15 | |
Basic weighted average common shares outstanding (in shares) | ||||||
30,169 | 32,162 | 31,210 | 13,204 | 9,619 | 4,265 | |
Diluted weighted average common shares outstanding (in shares) | ||||||
30,169 | 32,162 | 31,210 | 13,204 | 9,629 | 4,265 | |
Dividends declared per common share | ||||||
0.20 | 0.35 | 0.51 | 0.51 | - | - | |
Tenant reimbursements | ||||||
Revenue | ||||||
3,146 | 3,158 | 1,909 | 263 | - | - | |
Crop Sales | ||||||
Revenue | ||||||
978 | 410 | 799 | 846 | - | - | |
Other revenue | ||||||
Revenue | ||||||
1,321 | 1,316 | 555 | 224 | - | - | |
Redeemable Common Units | ||||||
Distributions on redeemable non-controlling interests in operating partnership | ||||||
- | - | - | -113 | - | - | |
Preferred Unit | ||||||
Distributions on redeemable non-controlling interests in operating partnership | ||||||
-12,485 | -12,563 | -6,856 | -2,915 | - | - | |