Farmland Partners Inc. FPI Income Statement

Farmland partners inc. (FPI)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Sep'14	Jun'14
OPERATING REVENUES
Rental income
48,520	48,119	48,452	50,557	50,916	51,185	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Rental income
-	-	-	-	-	-	-	-	-	-	41,587	36,644	32,054	29,668	21,145	19,028	15,935	13,548	10,054	6,708	0	0	0
Tenant reimbursements
-	-	-	-	-	-	-	-	-	-	-	855	298	-	138	130	131	135	334	308	0	0	0
Total operating revenues
54,325	53,564	52,579	55,280	55,751	56,069	50,738	50,235	50,276	46,219	0	0	0	-	-	-	-	-	-	-	-	-	-
Other revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	949	0	0	-	0	-	-	0	0
Total operating revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,269	19,492	16,345	13,756	10,418	7,035	0	0	0
OPERATING EXPENSES
Depreciation, depletion, and amortization
8,205	8,320	8,428	8,495	8,529	8,544	8,552	8,505	8,435	7,792	6,103	4,415	2,724	1,554	1,381	1,199	1,037	893	713	545	0	0	0
Property operating expenses
7,826	7,897	8,696	8,148	8,069	7,834	6,806	6,704	5,791	5,897	5,249	4,397	3,742	2,379	1,836	1,626	1,344	1,104	862	583	0	0	0
Cost of goods sold
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition and due diligence costs
-	-	-	0	-	180	227	373	546	930	1,582	3,114	2,979	2,521	1,897	297	306	260	222	178	0	0	0
General and administrative expenses
6,179	6,102	6,236	6,480	6,762	7,352	6,771	6,790	7,141	7,258	8,093	7,973	7,578	7,023	5,986	5,511	4,843	4,192	3,621	3,250	0	0	0
Legal and accounting
3,730	3,971	3,004	3,599	2,590	2,330	2,065	1,499	1,517	1,453	1,715	1,595	1,479	1,447	1,327	1,213	1,189	1,090	733	619	0	0	0
Other operating expenses
0	-	843	222	-	11	0	96	205	-	561	633	513	445	0	0	0	-	-	-	-	-	-
Total operating expenses
27,222	27,227	27,347	27,119	26,356	26,376	24,419	23,957	23,635	23,691	23,303	22,127	19,015	15,369	12,676	9,935	8,808	7,539	6,153	5,177	0	0	0
OPERATING INCOME
27,103	26,337	25,232	28,161	29,395	29,693	26,319	26,278	26,641	22,528	20,685	16,761	14,444	15,632	9,593	9,557	7,537	6,217	4,265	1,857	0	0	0
OTHER (INCOME) EXPENSE:
Other income
115	260	322	228	207	264	461	543	469	391	358	295	312	337	231	0	0	-	0	-	-	-	-
Loss (gain) on disposition of assets
7,337	7,841	7,688	10,656	3,308	2,882	2,930	24	-211	-200	0	0	0	-	-	-	-	-	-	-	-	-	-
Interest expense
19,295	19,588	19,772	19,955	19,364	18,799	17,541	16,223	15,237	13,561	11,942	10,324	8,820	9,959	9,253	8,578	7,697	4,616	3,518	2,416	0	0	0
Total other expense
-11,843	-11,487	-11,762	-9,071	-15,849	-15,653	-14,150	-15,656	-14,979	-13,370	-11,629	-10,118	-8,505	-9,622	-9,120	-8,419	-7,571	-4,518	-3,420	-2,416	0	0	0
Net income before income tax expense
15,260	14,850	13,470	19,090	13,546	14,040	12,169	10,622	11,662	9,158	2,827	0	0	-	0	-	0	-	0	-	-	0	-
Income tax expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-
NET INCOME (LOSS)
15,260	14,850	13,470	19,090	13,546	14,040	12,169	10,622	11,662	9,158	9,142	6,632	5,928	5,999	370	1,128	-44	1,689	840	-558	0	0	0
Net (income) loss attributable to non-controlling interest in operating partnership
988	964	1,460	2,077	1,725	1,786	1,592	1,468	1,681	1,244	2,151	1,787	1,861	1,761	145	299	-75	360	0	0	0	-	-
Net (income) loss attributable to non-controlling interest in operating partnership
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net income attributable to redeemable non-controlling interest in operating partnership
-	-	-	-	-	-	-	-	-	-	-	-	-	-64	-14	-10	0	-	0	0	-	-	-
Net income (loss) attributable to the Company
14,272	13,886	12,010	17,013	11,821	12,254	10,577	9,154	9,981	7,914	6,991	4,845	4,030	4,302	241	795	30	1,227	601	-380	0	0	0
Nonforfeitable distributions allocated to unvested restricted shares
72	77	73	70	90	111	133	154	150	151	135	123	109	96	95	90	85	80	0	0	0	-	-
Nonforfeitable dividends allocated to unvested restricted shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net loss available to common stockholders of Farmland Partners Inc.
1,727	1,324	-570	4,413	-816	-420	-2,122	-2,385	710	907	2,283	1,221	411	1,178	-2,136	-803	-789	809	291	-581	0	0	0
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
3,540	3,146	2,023	2,549	2,857	3,158	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Crop Sales
Revenue
863	978	789	934	781	410	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other revenue
Revenue
1,402	1,321	1,315	1,240	1,197	1,316	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred Unit
Distributions on Series A Preferred Units and Series B Preferred Stock
0	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions on redeemable non-controlling interests in operating partnership
-	-	-	0	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-