Farmland Partners reports Q2 AFFO 3c, consensus 4c

Luca Fabbri, President and Chief Executive Officer, commented: “We continue to deliver strong total returns to our shareholders by generating consistent cash flow from efficient operations and recognizing significant gains on the strategic sale of appreciated farmland assets. In the first half of 2025, we realized meaningful gains on over $80 million of farm sales-clear evidence of asset appreciation and value creation for our shareholders. We are redeploying sale proceeds to repurchase our undervalued stock and reduce high-cost debt, actions that we believe enhance long-term returns. At the same time, we recorded impairments on the California permanent crop portion of our portfolio, as we concluded that some of our farms have experienced a longer-term loss of value due to crop and water dynamics. We remain confident in both our business model and the enduring strength of farmland as a low-volatility, total-return asset class. We look forward to a strong remainder of the year.”