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Combined Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
OPERATING REVENUES:        
Rental income (See Note 2) $ 5,881 $ 2,788 $ 10,298 $ 4,818
Tenant reimbursements 95 96 164 169
Other revenue 55   261  
Total operating revenues 6,031 2,884 10,723 4,987
OPERATING EXPENSES        
Depreciation and depletion 365 203 683 376
Property operating expenses 541 259 981 460
Acquisition and due diligence costs 48 57 105 68
General and administrative expenses 1,657 989 3,183 1,864
Legal and accounting 186 162 552 430
Other operating expenses     89  
Total operating expenses 2,797 1,670 5,593 3,198
OPERATING INCOME 3,234 1,214 5,130 1,789
OTHER (INCOME) EXPENSE:        
Other income (33)   (62)  
Interest expense 1,950 1,069 5,804 1,841
Total other expense 1,917 1,069 5,742 1,841
NET INCOME (LOSS) 1,317 145 (612) (52)
Net (income) loss attributable to non-controlling interests in operating partnership (408) (34) 67 6
Net (income) loss attributable to redeemable non-controlling interests in operating partnership (37) (4) 64 (3)
Net income (loss) attributable to the Company 872 107 (481) (49)
Nonforfeitable distributions allocated to unvested restricted shares (23) (18) (53) (43)
Net income (loss) available to common stockholders of Farmland Partners Inc. $ (38) $ (24) $ (1,817) $ (205)
Basic and diluted per common share data:        
Basic net income (loss) available to common stockholders (in dollars per share) $ 0.00 $ 0.00 $ (0.15) $ (0.03)
Diluted net income (loss) available to common stockholders (in dollars per share)     $ (0.15) $ (0.03)
Basic weighted average common shares outstanding (in shares) 12,452 7,893 12,146 7,712
Diluted weighted average common shares outstanding (in shares) 12,452 7,893 12,146 7,712
Redeemable OP units        
OTHER (INCOME) EXPENSE:        
Distributions on redeemable non-controlling interests in operating partnership, units   $ (113) $ (113) $ (113)
Redeemable Preferred OP Units        
OTHER (INCOME) EXPENSE:        
Distributions on redeemable non-controlling interests in operating partnership, units $ (887)   $ (1,170)