Farmland Partners Reports Strong Q1 2025 Results

Farmland Partners ( (FPI) ) has released its Q1 earnings. Here is a breakdown of the information Farmland Partners presented to its investors.

Farmland Partners Inc. is a real estate investment trust that specializes in owning and acquiring high-quality North American farmland, as well as providing loans secured by farm real estate and agricultural assets. The company manages approximately 139,200 acres of farmland across 16 states in the U.S.

In its first quarter of 2025, Farmland Partners reported a net income of $2.1 million, marking a significant increase from $1.4 million in the same period of 2024. The company also raised its fiscal year 2025 guidance, reflecting a positive outlook on its financial performance.

Key highlights from the quarter include the acquisition of five properties for $6.5 million and the disposition of two farms for $10 million, resulting in a gain of $0.8 million. Despite a decrease in Adjusted Funds From Operations (AFFO) from $2.8 million to $2.3 million, the company managed to repurchase over 63,000 shares of its common stock and issued $7.6 million in loans under its loan program.

Looking ahead, Farmland Partners remains optimistic about the remainder of the fiscal year, supported by its strategic initiatives and the stability of the farmland asset class. The company expects continued strong shareholder returns driven by optimized farm operations and strategic asset reallocations.