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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
OPERATING REVENUES:        
Rental income $ 9,111 $ 11,216 $ 28,480 $ 31,214
Total operating revenues 9,848 12,549 31,684 35,176
OPERATING EXPENSES        
Depreciation, depletion and amortization 2,087 2,154 6,294 6,410
Property operating expenses 2,050 1,502 6,171 5,299
Acquisition and due diligence costs   34 1 175
General and administrative expenses 1,444 1,688 4,237 5,352
Legal and accounting 421 1,016 2,437 1,764
Other operating expenses 620   843 11
Total operating expenses 6,622 6,394 19,983 19,011
OPERATING INCOME 3,226 6,155 11,701 16,165
OTHER (INCOME) EXPENSE:        
Other income (147) (53) (283) (224)
(Gain) loss on disposition of assets 18 (2,950) (7,891) (3,086)
Interest expense 4,818 5,001 14,805 13,833
Total other expense 4,689 1,998 6,631 10,523
Net income before income tax expense (1,463) 4,157 5,070 5,642
NET INCOME (LOSS) (1,463) 4,157 5,070 5,642
Net (income) loss attributable to non-controlling interests in operating partnership 99 (518) (375) (701)
Net income (loss) attributable to FPI Partners Inc. (1,364) 3,639 4,695 4,941
Nonforfeitable distributions allocated to unvested restricted shares (18) (15) (60) (99)
Net loss available to common stockholders of Farmland Partners Inc. $ (4,499) $ 484 $ (4,733) $ (4,581)
Basic and diluted per common share data:        
Basic net (loss) available to common stockholders $ (0.15) $ 0.02 $ (0.16) $ (0.14)
Diluted net (loss) available to common stockholders $ (0.15) $ 0.02 $ (0.16) $ (0.14)
Basic weighted average common shares outstanding (in shares) 29,497 32,222 30,319 32,590
Diluted weighted average common shares outstanding (in shares) 29,497 32,222 30,319 32,590
Dividends declared per common share $ 0.05 $ 0.0500 $ 0.1000 $ 0.3100
Tenant reimbursements        
OPERATING REVENUES:        
Revenue $ 458 $ 984 $ 1,392 $ 2,526
Crop Sales        
OPERATING REVENUES:        
Revenue (145)   788 410
Other revenue        
OPERATING REVENUES:        
Revenue 424 349 1,024 1,026
Preferred Units        
OTHER (INCOME) EXPENSE:        
Distributions on Series A Preferred Units and Series B Preferred Stock $ (3,117) $ (3,140) $ (9,368) $ (9,423)