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
	April 29, 2024	July 1, 2024	July 15, 2024	$	0.0600
				$	0.1800

2023	October 24, 2022	January 2, 2023	January 17, 2023	$	0.0600
	February 21, 2023	April 3, 2023	April 17, 2023	$	0.0600
	May 3, 2023	July 3, 2023	July 17, 2023	$	0.0600
				$	0.1800

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


	For the three months ended				For the nine months ended
	September 30,				September 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.	$	1,028	$	3,446	$	(1,134)	$	11,304

Numerator for net income per share - diluted:
Net income (loss) available to common stockholders of Farmland Partners Inc.	$	1,028	$	3,446	$	(1,134)	$	11,304
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		—		—		—		—
Numerator for net income (loss) per share - diluted:	$	1,028	$	3,446	$	(1,134)	$	11,304

Denominator:
Weighted-average number of common shares - basic		47,839		48,432		47,780		51,079
Unvested time-based restricted shares		—		—		—		—
Unvested performance-based restricted shares		—		—		—		—
Redeemable non-controlling interest		—		—		—		—
Weighted-average number of common shares - diluted ⁽¹⁾		47,839		48,432		47,780		51,079

Income (loss) per share attributable to common stockholders - basic	$	0.02	$	0.07	$	(0.02)	$	0.22
Income (loss) per share attributable to common stockholders - diluted	$	0.02	$	0.07	$	(0.02)	$	0.22

(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 interests was 1.2 million during each of the three and nine months ended September 30, 2024 and 2023.