--- title: "Farmland Partners | 8-K: FY2026 Q1 Revenue: USD 10.1 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/284688771.md" datetime: "2026-04-30T03:52:57.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/284688771.md) - [en](https://longbridge.com/en/news/284688771.md) - [zh-HK](https://longbridge.com/zh-HK/news/284688771.md) --- # Farmland Partners | 8-K: FY2026 Q1 Revenue: USD 10.1 M Revenue: As of FY2026 Q1, the actual value is USD 10.1 M. EPS: As of FY2026 Q1, the actual value is USD 0.01. EBIT: As of FY2026 Q1, the actual value is USD 6.303 M. #### Net Income Net income for Farmland Partners Inc. was $0.6 million for the quarter ended March 31, 2026, a decrease from $2.1 million for the same period in 2025, representing a -69.1% change year-over-year. Basic net income per share available to common stockholders was $0.01 for Q1 2026, down from $0.03 for Q1 2025, a -66.7% change. #### Adjusted Funds From Operations (AFFO) AFFO for the quarter ended March 31, 2026, was $2.1 million, compared to $2.3 million for the same period in 2025, showing a -9.2% change. AFFO per weighted average common share remained constant at $0.05 for both periods. #### Adjusted EBITDAre Adjusted EBITDAre for Q1 2026 was $5.007 million, a decrease of -11.9% from $5.682 million in Q1 2025. #### Total Operating Revenues Total operating revenues were $10.102 million for Q1 2026, slightly down by -1.5% from $10.252 million in Q1 2025. #### Net Operating Income (NOI) NOI increased by 6.1% to $8.604 million in Q1 2026, up from $8.108 million in Q1 2025. #### Operating Expenses Total operating expenses for Q1 2026 were $6.520 million, compared to $6.399 million for Q1 2025. The provision for credit loss allowance rose to $1.819 million in Q1 2026 from $69 thousand in Q1 2025. General and administrative expenses decreased to $1.926 million in Q1 2026 from $2.552 million in Q1 2025. #### Other (Income) Expense Interest expense increased to $2.721 million in Q1 2026 from $2.638 million in Q1 2025. The company reported a loss on disposition of assets, net, of $255 thousand in Q1 2026, compared to a gain of - $763 thousand in Q1 2025. #### Balance Sheet and Liquidity Total debt outstanding for Farmland Partners Inc. was approximately $232.8 million at March 31, 2026, an increase from $161.6 million at December 31, 2025. Approximately $68.2 million of this debt was used in February 2026 to redeem all outstanding Series A preferred units. As of March 31, 2026, the Company had $132.1 million in liquidity, comprising $17.7 million in cash and $114.4 million in undrawn credit facilities. The estimated debt to enterprise value was approximately 33% at March 31, 2026. #### Dividends On April 28, 2026, the Board of Directors of 农地合伙基金 declared a quarterly cash dividend of $0.09 per share of common stock and Class A Common OP unit, payable on July 15, 2026. This represents a 50% increase in annualized dividends to $0.36 per share from $0.24 per share previously. #### Operational Metrics During the first quarter of 2026, the Company completed the disposition of one property in the West Coast region for $9.4 million, recognizing a loss on sale of $0.3 million. There were no property acquisitions during this period. The Company also completed the redemption of all 68,000 outstanding Series A preferred units, eliminating dilution risk and simplifying the balance sheet. Subsequent to March 31, 2026, 农地合伙基金 made repayments of $8.0 million against its lines of credit. #### Outlook / Guidance Farmland Partners Inc. reduced its guidance for the year due to non-cash allowances for potential loan losses under its loan program. Despite this, the Company remains confident in the long-term fundamentals of the farmland REIT asset class to generate durable, attractive returns. This confidence persists even with ongoing disruptions and near-term volatility in the broader agriculture industry. ### Related Stocks - [FPI.US](https://longbridge.com/en/quote/FPI.US.md) ## Related News & Research - [Top 3 Real Estate Stocks You'll Regret Missing In Q2](https://longbridge.com/en/news/286404108.md) - [Farmland Partners (FPI) FFO Volatility Tests Bullish Farmland Stability Narrative](https://longbridge.com/en/news/284869702.md) - [Wendy's Appoints Robert D. "Bob" Wright as President and Chief Executive Officer | WEN Stock News](https://longbridge.com/en/news/287065261.md) - [FPIs cut stakes in HDFC Bank, Reliance since 2022; bet on Paytm, Eternal](https://longbridge.com/en/news/286744257.md) - [SNAP changes in 2026: How stricter rules and rising food prices impact millions of American families](https://longbridge.com/en/news/286801784.md)