Farmland partners inc. (FPI)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Sep'14Jun'14
OPERATING REVENUES
Rental income

10,073

19,638

9,111

9,698

9,672

19,971

11,216

10,057

9,941

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Rental income

-

-

-

-

-

-

-

-

-

-

11,107

10,471

6,803

13,206

6,164

5,881

4,417

4,683

4,047

2,788

2,030

1,189

700

Tenant reimbursements

-

-

-

-

-

-

-

-

-

-

-

652

104

-

112

95

69

-138

104

96

73

61

77

Total operating revenues

11,650

21,879

9,848

10,948

10,889

20,894

12,549

11,419

11,207

15,563

12,046

11,460

7,150

-

-

-

-

-

-

-

-

-

-

Other revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

670

55

206

-

18

-

-

11

7

Total operating revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,946

6,031

4,692

4,600

4,169

2,884

2,103

1,262

786

OPERATING EXPENSES
Depreciation, depletion, and amortization

2,000

2,026

2,087

2,092

2,115

2,134

2,154

2,126

2,130

2,142

2,107

2,056

1,487

453

419

365

317

280

237

203

173

100

69

Property operating expenses

1,861

1,727

2,050

2,188

1,932

2,526

1,502

2,109

1,697

1,498

1,400

1,196

1,803

850

548

541

440

307

338

259

200

65

59

Cost of goods sold

566

-

-

-

222

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition and due diligence costs

-

-

-

1

-

5

34

10

131

52

180

183

515

704

1,712

48

57

80

112

57

11

42

67

General and administrative expenses

1,451

1,865

1,444

1,419

1,374

1,999

1,688

1,701

1,964

1,418

1,707

2,052

2,081

2,253

1,587

1,657

1,526

1,216

1,112

989

875

645

740

Legal and accounting

482

1,534

421

1,293

723

567

1,016

284

463

302

450

302

399

564

330

186

367

444

216

162

268

87

102

Other operating expenses

1

-

620

1

-

0

-1

11

1

-

88

120

157

196

160

0

89

-

-

-

-

-

-

Total operating expenses

6,361

7,245

6,622

6,994

6,366

7,365

6,394

6,231

6,386

5,408

5,932

5,909

6,442

5,020

4,756

2,797

2,796

2,327

2,015

1,670

1,527

941

1,039

OPERATING INCOME

5,289

14,634

3,226

3,954

4,523

13,529

6,155

5,188

4,821

10,155

6,114

5,551

708

8,312

2,190

3,234

1,896

2,273

2,154

1,214

576

321

-253

OTHER (INCOME) EXPENSE:
Other income

-121

-22

147

111

24

40

53

90

81

237

135

16

3

204

72

33

28

-

98

-

-

-

-

Loss (gain) on disposition of assets

-86

-50

-18

7,491

418

-203

2,950

143

-8

-155

44

-92

3

-

-

-

-

-

-

-

-

-

-

Interest expense

4,663

4,783

4,818

5,031

4,956

4,967

5,001

4,440

4,391

3,709

3,683

3,454

2,715

2,090

2,065

1,950

3,854

1,384

1,390

1,069

773

286

288

Total other expense

-4,870

-4,855

-4,689

2,571

-4,514

-5,130

-1,998

-4,207

-4,318

-3,627

-3,504

-3,530

-2,709

-1,886

-1,993

-1,917

-3,826

-1,384

-1,292

-1,069

-773

-286

-288

Net income before income tax expense

419

9,779

-1,463

6,525

9

8,399

4,157

981

503

6,528

2,610

2,021

-2,001

-

197

-

-1,930

-

862

-

-

34

-

Income tax expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

97

-

-

-

4

-

-

-

-

NET INCOME (LOSS)

419

9,779

-1,463

6,525

9

8,399

4,157

981

503

6,528

2,610

2,021

-2,001

6,512

100

1,317

-1,930

883

858

145

-197

34

-541

Net (income) loss attributable to non-controlling interest in operating partnership

25

589

-99

473

1

1,085

518

121

62

891

394

334

-375

1,798

30

408

-475

182

184

34

-40

-

-

Net (income) loss attributable to non-controlling interest in operating partnership

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

-183

Net income attributable to redeemable non-controlling interest in operating partnership

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

37

-101

-

50

4

-

-

-

Net income (loss) attributable to the Company

394

9,190

-1,364

6,052

8

7,314

3,639

860

441

5,637

2,216

1,687

-1,626

4,714

70

872

-1,354

653

624

107

-157

27

-358

Nonforfeitable distributions allocated to unvested restricted shares

16

17

18

21

21

13

15

41

42

35

36

37

43

19

24

23

30

18

19

18

25

-

-

Nonforfeitable dividends allocated to unvested restricted shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22

22

Net loss available to common stockholders of Farmland Partners Inc.

-2,737

6,057

-4,499

2,906

-3,140

4,163

484

-2,323

-2,744

2,461

221

772

-2,547

3,837

-841

-38

-1,780

523

492

-24

-182

5

-380

Basic and diluted per common share data:
Basic net (loss) available to common stockholders

-0.09

0.20

-0.15

0.09

-0.10

0.12

0.02

-0.07

-0.08

0.10

0.01

0.02

-0.10

0.30

-0.06

0.00

-0.15

0.06

0.04

0.00

-0.02

0.00

-

Diluted net (loss) available to common stockholders

-0.09

0.21

-0.15

0.08

-0.10

0.12

0.02

-0.07

-0.08

0.10

0.01

0.02

-0.10

0.30

-0.06

0.00

-0.15

0.07

0.04

-0.01

-0.02

0.00

-

Basic weighted average common shares outstanding (in shares)

29,545

29,751

29,497

30,637

30,791

30,870

32,222

32,542

33,014

32,822

32,862

32,457

26,699

14,847

13,683

12,452

11,834

19,421

11,154

7,893

7

6,305

-

Diluted weighted average common shares outstanding (in shares)

29,545

12,018

29,497

48,370

30,791

30,870

32,222

32,542

33,014

32,822

32,862

32,457

26,699

14,847

13,683

12,452

11,834

19,457

11,158

7,893

7

6,309

-

Dividends declared per common share

0.05

0.05

0.05

0.05

0.05

0.05

0.05

0.12

0.12

0.12

0.12

0.12

0.12

0.12

0.12

0.12

0.12

-

0.13

-

-

-

-

Basic and diluted net loss available to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-0.12

Basic and diluted weighted average common shares outstanding (in shares)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,132

Tenant reimbursements
Revenue

861

1,755

458

466

467

632

984

774

768

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Crop Sales
Revenue

335

189

-145

484

450

0

0

331

79

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other revenue
Revenue

381

297

424

300

300

291

349

257

419

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred Unit
Distributions on Series A Preferred Units and Series B Preferred Stock

3,115

-

3,117

-

3,127

-

3,140

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions on redeemable non-controlling interests in operating partnership

-

-

-

-3,125

-

-

-

-3,142

-3,143

-

-

-

-

-

-

-

-

-

-

-

-

-

-