Successful Asset Dispositions
Farmland Partners sold approximately $80 million in assets year-to-date, realizing gains of about $25 million, primarily in the High Plains region, as part of their long-term strategy to exit specific markets.
Stock Repurchase Program
The company repurchased about 2.3 million shares, representing 5% of the fully diluted shares outstanding, at an average price of $11.24, totaling $26 million.
Strong Financial Performance
Net income for Q2 2025 was $7.8 million or $0.15 per share, higher than the same period in 2024, driven by gains on property dispositions and reduced interest expenses.
Interest Expense Reduction
Interest expenses decreased by $2.8 million during the quarter and $5.2 million year-to-date, due to significant debt reductions.