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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
OPERATING REVENUES:    
Rental income $ 47,119 $ 49,185
Total operating revenues 58,226 57,466
OPERATING EXPENSES    
Depreciation, depletion and amortization 5,588 7,499
Property operating expenses 7,368 8,660
Cost of goods sold 3,937 4,754
Acquisition and due diligence costs 28 17
General and administrative expenses 14,071 11,274
Legal and accounting 1,654 1,279
Impairment of assets 790 5,840
Other operating expenses 103 144
Total operating expenses 33,539 39,467
OTHER (INCOME) EXPENSE:    
Other (income) (123) (39)
(Income) from equity method investment (125) (1)
(Gain) on disposition of assets, net (54,148) (36,133)
(Income) from forfeited deposits (1,205)  
Interest expense 18,854 22,657
Total other (income) (36,747) (13,516)
Net income before income tax benefit 61,434 31,515
Income tax benefit (16) (166)
NET INCOME 61,450 31,681
Net (income) attributable to non-controlling interests in operating partnership (1,539) (768)
Net income attributable to the Company 59,911 30,913
Distributions on Series A Preferred Units (2,970) (2,970)
Net income available to common stockholders of Farmland Partners Inc. $ 56,428 $ 27,786
Basic and diluted per common share data:    
Basic net income available to common stockholders $ 1.19 $ 0.55
Diluted net income available to common stockholders $ 1.06 $ 0.53
Basic weighted average common shares outstanding (in shares) 47,546 50,243
Diluted weighted average common shares outstanding (in shares) 55,987 58,292
Dividends declared per common share - regular and special $ 1.39 $ 0.45
Performance Based Unvested Restricted Shares    
OTHER (INCOME) EXPENSE:    
Dividend equivalent rights or nonforfeitable distributions allocated to unvested restricted shares $ (53)  
Time Based Unvested Restricted Shares    
OTHER (INCOME) EXPENSE:    
Dividend equivalent rights or nonforfeitable distributions allocated to unvested restricted shares (460) $ (157)
Crop sales    
OPERATING REVENUES:    
Revenue 5,027 2,257
Other revenue    
OPERATING REVENUES:    
Revenue $ 6,080 $ 6,024