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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
OPERATING REVENUES:        
Rental income $ 10,057 $ 10,471 $ 19,998 $ 17,274
Tenant reimbursements 774 652 1,542 756
Total operating revenues 11,419 11,460 22,627 18,609
OPERATING EXPENSES        
Depreciation, depletion and amortization 2,126 2,056 4,256 3,544
Property operating expenses 2,109 1,196 3,797 2,999
Acquisition and due diligence costs   183 141 698
General and administrative expenses 1,701 2,052 3,665 4,133
Legal and accounting 284 302 747 701
Other operating expenses 11 120 11 276
Total operating expenses 6,231 5,909 12,617 12,351
OPERATING INCOME 5,188 5,551 10,010 6,258
OTHER (INCOME) EXPENSE:        
Other income (90) (16) (171) (22)
(Gain) loss on disposition of assets (143) 92 (135) 92
Interest expense 4,440 3,454 8,832 6,169
Total other expense 4,207 3,530 8,526 6,239
Net income before income tax expense 981 2,021 1,484 19
NET INCOME 981 2,021 1,484 19
Net (income) loss attributable to non-controlling interests in operating partnership (121) (334) (183) 41
Net income attributable to the Company 860 1,687 1,301 60
Nonforfeitable distributions allocated to unvested restricted shares (41) (37) (83) (80)
Net (loss) income available to common stockholders of Farmland Partners Inc. $ (2,323) $ 772 $ (5,065) $ (1,775)
Basic and diluted per common share data:        
Basic net (loss) income available to common stockholders $ (0.07) $ 0.02 $ (0.15) $ (0.06)
Diluted net (loss) income available to common stockholders $ (0.07) $ 0.02 $ (0.15) $ (0.06)
Basic weighted average common shares outstanding (in shares) 32,542 32,457 32,777 29,594
Diluted weighted average common shares outstanding (in shares) 32,542 32,457 32,777 29,594
Dividends declared per common share $ 0.1275 $ 0.1275 $ 0.2550 $ 0.2550
Crop sales        
OPERATING REVENUES:        
Revenue $ 331 $ 175 $ 410 $ 437
Other revenue        
OPERATING REVENUES:        
Revenue 257 162 677 142
Series A Preferred Units and Series B 6 Percent Participating Preferred Stock        
OTHER (INCOME) EXPENSE:        
Distributions on redeemable non-controlling interests in operating partnership, Series A preferred units and dividends on Series B Participating Preferred Stock $ (3,142) $ (878) $ (6,283) $ (1,755)