Stockholders' Equity and Non-controlling Interests (Tables)

12 Months Ended

Dec. 31, 2019

Stockholders’ Equity and Non-controlling Interests

Schedule of changes in redeemable non-controlling interest in operating partnership

	Preferred
(in thousands)	Redeemable OP Units	Redeemable Non-controlling Interests
Balance at December 31, 2017	117	$	120,510
Distribution paid to non-controlling interest	—		(3,510)
Accrued distributions to non-controlling interest	—		3,510
Balance at December 31, 2018	117	$	120,510
Balance at December 31, 2018	117	$	120,510
Distribution paid to non-controlling interest	—		(3,510)
Accrued distributions to non-controlling interest	—		3,510
Balance at December 31, 2019	117	$	120,510

Schedule of declaration and payment of distribution

Fiscal Year	Declaration Date	Record Date	Payment Date	Distributions per Common Share/OP unit
2019	February 7, 2019	April 1, 2019	April 15, 2019		0.0500
	May 8, 2019	July 1, 2019	July 15, 2019		0.0500
	August 6, 2019	October 1, 2019	October 15, 2019	$	0.0500
	November 11, 2019	January 1, 2020	January 15, 2020		0.0500
				$	0.2000
2018
	February 13, 2018	April 2, 2018	April 16, 2018		0.1275
	May 1, 2018	July 2, 2018	July 16, 2018		0.1275
	August 8, 2018	October 1, 2018	October 15, 2018	$	0.0500
	November 5, 2018	January 1, 2019	January 15, 2019		0.0500
				$	0.3550
2017
	February 22, 2017	April 1, 2017	April 14, 2017		0.1275
	May 8, 2017	June 30, 2017	July 14, 2017		0.1275
	July 19, 2017	October 2, 2017	October 13, 2017		0.1275
	November 8, 2017	January 2, 2018	January 16, 2018		0.1275
				$	0.5100

Summary of non-vested shares

		Weighted
	Number of	Average Grant
(shares in thousands)	Shares	Date Fair Value
Unvested at January 1, 2017	189	$	11.98
Granted	205	$	11.30
Vested	(108)	$	12.84
Forfeited	(9)	$	11.00
Unvested at December 31, 2017	277	$	11.16
Granted	162	$	7.67
Vested	(129)	$	8.54
Forfeited	(11)	$	8.11
Unvested at December 31, 2018	299	$	9.49
Granted	226	$	6.07
Vested	(155)	$	9.63
Forfeited	(25)	$	6.32
Unvested at December 31, 2019	345	$	7.42

Schedule of computation of basic and diluted earnings (loss) per share

	For the year ended December 31,
($ in thousands except per share data)	2019		2018		2017
Numerator:
Net income (loss) attributable to Farmland Partners Inc.	$	13,886	$	12,254	$	7,914
Less: Nonforfeitable distributions allocated to unvested restricted shares		(77)		(111)		(151)
Less: Distributions on redeemable non-controlling interersts in operating partnership, Common units		—		—		—
Less: Distributions on redeemable non-controlling interests in operating partnership, Series A Preferred units		(3,510)		(3,510)		(3,510)
Less: Dividends on Series B Participating Preferred Stock		(8,975)		(9,053)		(3,346)
Net (loss) income attributable to common stockholders	$	1,324	$	(420)	$	907
Denominator:
Weighted-average number of common shares - basic		30,169		32,162		31,210
Conversion of Series A preferred units(1)		—		—		—
Conversion of Series B participating preferred stock		—		—		—
Unvested restricted shares(1)		—		—		—
Weighted-average number of common shares - diluted		30,169		32,162		31,210
Income (loss) per share attributable to common stockholders - basic	$	0.04	$	(0.01)	$	0.03
Income (loss) per share attributable to common stockholders - diluted	$	0.04	$	(0.01)	$	0.03

(1) Anti-dilutive for the year ended December 31, 2019, 2018 and 2017.

Schedule of equity awards and units outstanding

(in thousands)	December 31, 2019	December 31, 2018	December 31, 2017
Shares	29,607	30,295	33,058
OP Units	1,904	4,582	4,739
Unvested Restricted Stock Awards	345	299	276
	31,856	35,176	38,073