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	December 12, 2023	December 29, 2023	January 12, 2024	$	0.2100
	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
	July 23, 2024	October 1, 2024	October 15, 2024	$	0.0600
				$	0.4500

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
	July 25, 2023	October 2, 2023	October 16, 2023	$	0.0600
				$	0.2400

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


	For the years ended
	December 31,
(in thousands, except per share amounts)	2024		2023
Numerator for net income per share - basic:
Net income available to common stockholders of Farmland Partners Inc.	$	56,428	$	27,786

Numerator for net income per share - diluted:
Net income available to common stockholders of Farmland Partners Inc.	$	56,428	$	27,786
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		2,970		2,970
Numerator for net income per share - diluted:	$	59,398	$	30,756

Denominator:
Weighted-average number of common shares - basic		47,546		50,243
Unvested time-based restricted shares		—		—
Unvested performance-based restricted shares		—		—
Redeemable non-controlling interest		8,441		8,049
Weighted-average number of common shares - diluted ⁽¹⁾		55,987		58,292

Income per share attributable to common stockholders - basic	$	1.19	$	0.55
Income per share attributable to common stockholders - diluted	$	1.06	$	0.53

(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 for each of the years ended December 31, 2024 and 2023.