XML 46 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
OPERATING REVENUES    
Rental income $ 10,073 $ 9,672
Total operating revenues 11,650 10,889
OPERATING EXPENSES    
Depreciation, depletion, and amortization 2,000 2,115
Property operating expenses 1,861 1,932
Cost of goods sold 566 222
General and administrative expenses 1,451 1,374
Legal and accounting 482 723
Other operating expenses 1  
Total operating expenses 6,361 6,366
OPERATING INCOME 5,289 4,523
OTHER (INCOME) EXPENSE:    
Other income 121 (24)
Loss (gain) on disposition of assets 86 (418)
Interest expense 4,663 4,956
Total other expense 4,870 4,514
Net income before income tax expense 419 9
NET INCOME (LOSS) 419 9
Net (income) loss attributable to non-controlling interest in operating partnership (25) (1)
Net income (loss) attributable to the Company 394 8
Nonforfeitable distributions allocated to unvested restricted shares (16) (21)
Net loss available to common stockholders of Farmland Partners Inc. $ (2,737) $ (3,140)
Basic and diluted per common share data:    
Basic net (loss) available to common stockholders $ (0.09) $ (0.10)
Diluted net (loss) available to common stockholders $ (0.09) $ (0.10)
Basic weighted average common shares outstanding (in shares) 29,545 30,791
Diluted weighted average common shares outstanding (in shares) 29,545 30,791
Dividends declared per common share $ 0.0500 $ 0.0500
Tenant reimbursements    
OPERATING REVENUES    
Revenue $ 861 $ 467
Crop Sales    
OPERATING REVENUES    
Revenue 335 450
Other revenue    
OPERATING REVENUES    
Revenue 381 300
Preferred Unit    
OTHER (INCOME) EXPENSE:    
Distributions on Series A Preferred Units and Series B Preferred Stock $ (3,115) $ (3,127)