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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
OPERATING REVENUES      
Rental income $ 48,119 $ 51,185 $ 42,956
Total operating revenues 53,564 56,069 46,219
OPERATING EXPENSES      
Depreciation and depletion 8,320 8,544 7,792
Property operating expenses 7,897 7,834 5,897
Cost of goods sold 927 125 361
Acquisition and due diligence costs 6 180 930
General and administrative expenses 6,102 7,352 7,258
Legal and accounting 3,971 2,330 1,453
Other operating expenses 4 11  
Total operating expenses 27,227 26,376 23,691
OPERATING INCOME 26,337 29,693 22,528
OTHER (INCOME) EXPENSE:      
Other income (260) (264) (391)
(Gain) loss on disposition of assets (7,841) (2,882) 200
Interest expense 19,588 18,799 13,561
Total other expense 11,487 15,653 13,370
Net income before income tax expense 14,850 14,040 9,158
NET INCOME 14,850 14,040 9,158
Net income attributable to non-controlling interest in operating partnership (964) (1,786) (1,244)
Net income attributable to the Company 13,886 12,254 7,914
Nonforfeitable distributions allocated to unvested restricted shares (77) (111) (151)
Net (loss) income available to common stockholders of Farmland Partners Inc. $ 1,324 $ (420) $ 907
Basic and diluted per common share data:      
Basic net (loss) income available to common stockholders $ 0.04 $ (0.01) $ 0.03
Diluted net (loss) income available to common stockholders 0.04 (0.01) 0.03
Distributions declared per common share $ 0.2000 $ 0.3550 $ 0.5100
Basic weighted average common shares outstanding (in shares) 30,169 32,162 31,210
Diluted weighted average common shares outstanding (in shares) 30,169 32,162 31,210
Tenant reimbursements      
OPERATING REVENUES      
Revenue $ 3,146 $ 3,158 $ 1,909
Crop Sales      
OPERATING REVENUES      
Revenue 978 410 799
Other revenue      
OPERATING REVENUES      
Revenue 1,321 1,316 555
Preferred Unit      
OTHER (INCOME) EXPENSE:      
Distributions on redeemable non-controlling interests in operating partnership $ (12,485) $ (12,563) $ (6,856)