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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
OPERATING REVENUES:    
Rental income $ 10,207 $ 10,726
Total operating revenues 11,990 12,672
OPERATING EXPENSES    
Depreciation, depletion and amortization 1,481 1,794
Property operating expenses 1,798 2,182
Cost of goods sold 541 946
Acquisition and due diligence costs 27 14
General and administrative expenses 2,627 2,606
Legal and accounting 333 244
Other operating expenses 36 49
Total operating expenses 6,843 7,835
OTHER (INCOME) EXPENSE:    
Other (income) (120) (11)
(Income) loss from equity method investment (77) 27
(Gain) loss on disposition of assets, net 86 (1,826)
(Income) from forfeited deposits (1,205)  
Interest expense 5,036 4,924
Total other expense 3,720 3,114
Net income before income tax (benefit) expense 1,427 1,723
Income tax expense 19 9
NET INCOME 1,408 1,714
Net (income) attributable to non-controlling interests in operating partnership (35) (38)
Net income attributable to the Company 1,373 1,676
Distributions on Series A Preferred Units (743) (803)
Net income available to common stockholders of Farmland Partners Inc. $ 606 $ 857
Basic and diluted per common share data:    
Basic net income available to common stockholders $ 0.01 $ 0.02
Diluted net income available to common stockholders $ 0.01 $ 0.02
Basic weighted average common shares outstanding (in shares) 47,704 54,007
Diluted weighted average common shares outstanding (in shares) 47,704 54,007
Dividends declared per common share $ 0.06 $ 0.06
Performance Based Unvested Restricted Shares    
OTHER (INCOME) EXPENSE:    
Dividend equivalent rights or nonforfeitable distributions allocated to restricted shares $ (2)  
Time Based Unvested Restricted Shares    
OTHER (INCOME) EXPENSE:    
Dividend equivalent rights or nonforfeitable distributions allocated to restricted shares (22) $ (16)
Crop sales    
OPERATING REVENUES:    
Revenue 660 360
Other revenue    
OPERATING REVENUES:    
Revenue $ 1,123 $ 1,586