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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
OPERATING REVENUES      
Rental income $ 42,956 $ 29,668 $ 13,548
Tenant reimbursements 1,909 263 135
Crop sales 799 846  
Other revenue 555 224 73
Total operating revenues 46,219 31,001 13,756
OPERATING EXPENSES      
Depreciation, depletion and amortization 7,792 1,554 893
Property operating expenses 5,897 2,379 1,104
Acquisition and due diligence costs 930 2,521 260
General and administrative expenses 7,258 7,023 4,192
Legal and accounting 1,453 1,447 1,090
Other operating expenses 361 445  
Total operating expenses 23,691 15,369 7,539
OPERATING INCOME 22,528 15,632 6,217
OTHER (INCOME) EXPENSE:      
Other income (391) (337) (98)
Loss on disposition of assets 200   2
Interest expense 13,561 9,959 4,616
Total other expense 13,370 9,622 4,518
Net income before income tax expense 9,158 6,010 1,699
Income tax expense   11 10
NET INCOME 9,158 5,999 1,689
Net (income) attributable to non-controlling interest in operating partnership (1,244) (1,761) (360)
Net loss (income) attributable to redeemable non-controlling interest in operating partnership   64 (102)
Net income attributable to the Company 7,914 4,302 1,227
Nonforfeitable distributions allocated to unvested restricted shares (151) (96) (80)
Net income available to common stockholders of Farmland Partners Inc. $ 907 $ 1,178 $ 809
Basic and diluted per common share data:      
Basic net income available to common stockholders $ 0.03 $ 0.09 $ 0.08
Diluted net income available to common stockholders $ 0.03 $ 0.09 $ 0.08
Basic weighted average common shares outstanding (in shares) 31,210 13,204 9,619
Diluted weighted average common shares outstanding (in shares) 31,210 13,204 9,629
Redeemable Common Units      
OTHER (INCOME) EXPENSE:      
Distributions on redeemable non-controlling interests in operating partnership, Common units   $ (113) $ (338)
Preferred Units      
OTHER (INCOME) EXPENSE:      
Distributions on redeemable non-controlling interests in operating partnership, Common units $ (6,856) $ (2,915)