Key Takeaways
- Farmland Partners Inc. reports 2025 net income of $32.2 million, down from $61.5 million in 2024
- AFFO increased 27% year-over-year to $17.9 million, or $0.39 per share
- Completed 60 property dispositions for $90.2 million and recognized $34.9 million in gains
- Reduced total debt to $161.6 million and redeemed all Series A preferred units in February 2026
- Increased quarterly dividend by 50% to $0.09 per share
Farmland Partners Inc. Reports 2025 Net Income of $32.2 Million
Farmland Partners Inc. (NYSE: FPI) reported financial results for the year ended December 31, 2025, posting net income of $32.2 million, or $0.65 per share available to common stockholders. This compares to net income of $61.5 million, or $1.19 per share, for the same period in 2024.
Adjusted Funds From Operations (AFFO) rose to $17.9 million, or $0.39 per share, compared to $14.1 million, or $0.29 per share, in 2024. AFFO per share exceeded the company’s updated third-quarter 2025 guidance midpoint of $0.34 per share.
Total operating revenues declined 10.4% year-over-year to $52.2 million, while net operating income (NOI) decreased 10.7% to $41.9 million. Adjusted EBITDA was $30.1 million, down from $35.9 million in 2024.
