Stockholders' Equity and Non-controlling Interests

Schedule of declaration and payment of distribution


Fiscal Year	Declaration Date	Record Date	Payment Date	Distributions per Common Share/OP unit
2024	October 24, 2023	January 2, 2024	January 16, 2024	$	0.0600
	February 27, 2024	April 1, 2024	April 15, 2024	$	0.0600
				$	0.1200

2023	October 24, 2022	January 2, 2023	January 17, 2023	$	0.0600
	February 21, 2023	April 3, 2023	April 17, 2023	$	0.0600
				$	0.1200

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


	For the three months ended				For the six months ended
	June 30,				June 30,
(in thousands, except per share amounts)	2024		2023		2024		2023
Numerator for net income per share - basic:
Net income (loss) available to common stockholders of Farmland Partners Inc.	$	(2,769)	$	7,001	$	(2,163)	$	7,858

Numerator for net income per share - diluted:
Net income (loss) available to common stockholders of Farmland Partners Inc.	$	(2,769)	$	7,001	$	(2,163)	$	7,858
Dividend equivalent rights allocated to performance-based unvested restricted shares		—		—		—		—
Nonforfeitable distributions allocated to time-based unvested restricted shares		—		—		—		—
Distributions on Series A preferred units		—		683		—		—
Numerator for net income (loss) per share - diluted:	$	(2,769)	$	7,684	$	(2,163)	$	7,858

Denominator:
Weighted-average number of common shares - basic		47,798		50,860		47,751		52,425
Unvested time-based restricted shares		—		—		—		—
Unvested performance-based restricted shares		—		—		—		—
Redeemable non-controlling interest		—		8,252		—		—
Weighted-average number of common shares - diluted ⁽¹⁾		47,798		59,112		47,751		52,425

Income (loss) per share attributable to common stockholders - basic	$	(0.06)	$	0.14	$	(0.05)	$	0.15
Income (loss) per share attributable to common stockholders - diluted	$	(0.06)	$	0.12	$	(0.05)	$	0.15

(1)

The limited partners’ outstanding Common units, or the non-controlling interests, (which may be redeemed for shares of common stock) have not been included in the diluted earnings per share calculation as there would be no effect on the amounts since the limited partners’ share of income would also be added back to net income, therefore increasing both net income and shares. The weighted average number of Common units held by the non-controlling interest was 1.2 million during each of the three and six months ended June 30, 2024 and 2023.