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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
OPERATING REVENUES:        
Rental income (See Note 2) $ 11,107 $ 6,164 $ 28,381 $ 16,462
Tenant reimbursements 474 112 1,230 276
Other revenue 465 670 1,044 931
Total operating revenues 12,046 6,946 30,655 17,669
OPERATING EXPENSES        
Depreciation, depletion and amortization 2,107 419 5,651 1,102
Property operating expenses 1,400 548 4,399 1,529
Acquisition and due diligence costs 180 1,712 878 1,818
General and administrative expenses 1,707 1,587 5,840 4,770
Legal and accounting 450 330 1,151 882
Other operating expenses 88 160 363 248
Total operating expenses 5,932 4,756 18,282 10,349
OPERATING INCOME 6,114 2,190 12,373 7,320
OTHER (INCOME) EXPENSE:        
Other income (135) (72) (157) (133)
(Gain) loss on disposition of assets (44)   48  
Interest expense 3,683 2,065 9,852 7,869
Total other expense 3,504 1,993 9,743 7,736
Net income (loss) before income tax expense 2,610 197 2,630 (416)
Income tax expense   97   97
NET INCOME (LOSS) 2,610 100 2,630 (513)
Net (income) loss attributable to non-controlling interests in operating partnership (394) (30) (353) 37
Net income attributable to redeemable non-controlling interests in operating partnership       64
Net income (loss) attributable to the Company 2,216 70 2,277 (412)
Nonforfeitable distributions allocated to unvested restricted shares (36) (24) (116) (72)
Net income (loss) available to common stockholders of Farmland Partners Inc. $ 221 $ (841) $ (1,553) $ (2,654)
Basic and diluted per common share data:        
Basic net income (loss) available to common stockholders $ 0.01 $ (0.06) $ (0.05) $ (0.21)
Diluted net income (loss) available to common stockholders $ 0.01 $ (0.06) $ (0.05) $ (0.21)
Basic weighted average common shares outstanding (in shares) 32,862 13,683 30,695 12,663
Diluted weighted average common shares outstanding (in shares) 32,862 13,683 30,695 12,663
Dividends declared per common share $ 0.1275 $ 0.1275 $ 0.3825 $ 0.3825
Redeemable OP Units        
OTHER (INCOME) EXPENSE:        
Distributions on redeemable non-controlling interests in operating partnership       $ (113)
Preferred Units        
OTHER (INCOME) EXPENSE:        
Distributions on redeemable non-controlling interests in operating partnership $ (1,959) $ (887) $ (3,714) $ (2,057)