Earnings ·
Reports Q3 net loss of $15.5M; declares $0.09 quarterly dividend payable Jan 15
FPIFarmland Partners Inc.
Farmland Partners Inc. reported a net loss of $15.5 million, or $0.36 per share, for the quarter ended September 30, 2026, driven by $12.0 million in asset impairments in California and credit loss reserves. Adjusted Funds From Operations (AFFO) fell to a negative $2.1 million from positive $2.9 million in the prior year period. The company repurchased approximately 1.7 million shares under its buyback program and disposed of one California property for roughly $1.0 million. Additionally, Farmland Partners declared a quarterly cash dividend of $0.09 per share, payable on January 15, 2027, to holders of record as of January 4, 2027. The company operates as an internally managed real estate investment trust that owns and acquires high-quality North American farmland.