FY25 Revenue at $52.2M, Quarterly Dividend Raised by 50%
Reports FY25 revenue $52.2M, consensus $48.6M. Luca Fabbri, President and Chief Executive Officer, commented: "We delivered a very strong financial performance in 2025, producing compelling AFFO per share, further pruning lesser performing and riskier assets at strong sale prices and fortifying and simplifying our balance sheet, eliminating the risk of a significant issuance of common shares at a dilutive stock price through the redemption of the remaining Series A preferred units in February 2026. Our operating results continue to reflect the strength and resilience of our portfolio and the quality of our tenants. Despite ongoing crop pricing pressures, our tenants remain among the strongest farm operators in the country. Farmland values also remain appealing, as evidenced by our continued ability to produce gains on asset dispositions. Looking ahead to 2026, we believe we are well positioned to continue delivering attractive risk-adjusted total returns through disciplined capital management, high-quality assets, and favorable long-term agricultural trends. As a result, we are raising our quarterly dividend by 50% to $0.09 per share."
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- Strong Financial Performance: Farmland Partners reported a net income of $32.2 million for 2025 and $21.8 million for Q4, translating to $0.65 and $0.49 per share for common stockholders, respectively, despite being lower than the same periods in 2024, indicating resilience in asset dispositions and increased variable rents.
- Significant Dividend Increase: The company announced a 50% increase in its quarterly dividend to $0.09 per share, reflecting strong AFFO performance and reduced debt, showcasing management's confidence in future cash flows and aiming to enhance shareholder returns.
- Asset Dispositions and Cost Control: By selling Murray Wise Associates, Farmland Partners successfully lowered G&A costs, with expectations for further reductions, while asset impairments increased by $17 million related to West Coast properties, highlighting the need for market adjustments.
- Cautiously Optimistic 2026 Outlook: The forecast for 2026 net income ranges from $8.8 million to $10.9 million, with AFFO expected between $14.4 million and $16.4 million, and while facing uncertainties in the agricultural market, management remains optimistic about the company's future financial performance.
- Dividend Increase: Farmland Partners has declared a quarterly dividend of $0.09 per share, representing a 50% increase from the previous $0.06, indicating the company's robust financial health in the current economic climate.
- Stable Yield: The forward yield of 3.08% provides investors with a reliable cash flow, enhancing the company's attractiveness in a high-interest-rate environment.
- Payment Schedule: The dividend will be payable on April 15, with a record date of April 1 and an ex-dividend date also set for April 1, ensuring shareholders receive their earnings promptly.
- Market Performance: Farmland Partners' asset value is reported to be 30% above market price, reflecting the company's strengths in asset management and market positioning, despite challenges posed by rising interest rates.
- Earnings Announcement Schedule: Farmland Partners is set to release its Q4 earnings on February 18 after market close, with consensus estimates predicting a Funds From Operations (FFO) of $0.20 and revenues of $17.14 million, providing critical insights into the company's financial health.
- Market Expectation Analysis: Amid rising interest rates, Farmland Partners' asset value is estimated to be 30% above market price, indicating strong asset management and potential resilience in investment returns, which has attracted investor interest.
- Historical Earnings Data: The historical earnings data for Farmland Partners will serve as a crucial reference for analysts and investors to assess the sustainability of its financial performance and future growth potential, especially in an uncertain economic environment.
- Ratings and Analysis: Seeking Alpha's quantitative rating on Farmland Partners highlights its relative attractiveness in the current market, suggesting that despite higher interest rate challenges, there may still be upside potential, reflecting market confidence in its future performance.
- Earnings Release Schedule: Farmland Partners Inc. will release its financial results for Q4 and the year ended December 31, 2025, on February 18, 2026, at 5 p.m. ET, reflecting the company's operational performance and financial health in the agricultural real estate sector.
- Conference Call Details: The company will host a conference call on February 19, 2026, at 11 a.m. ET to discuss the financial results and provide updates, with investors able to join by dialing 1-800-715-9871 and using conference ID 8436455.
- Live Webcast Access: The conference call will also be available via a live listen-only webcast, accessible through the Investor Relations section of the company's website, ensuring broad investor participation and information transparency.
- Replay Service: A replay of the call will be available until March 1, 2026, allowing investors to dial 1-800-770-2030 and use playback ID 8436455, further enhancing information accessibility and transparency.
- Earnings Release Schedule: Farmland Partners Inc. will announce its financial results for Q4 and the full year of 2025 on February 18, 2026, at 5 p.m. ET, highlighting the company's performance in the agricultural real estate sector.
- Conference Call Details: The company will host a conference call on February 19, 2026, at 11 a.m. ET to discuss the financial results and provide updates, with investors able to join by dialing 1-800-715-9871 and using conference ID 8436455.
- Live Webcast Availability: The conference call will also be available via a live webcast, accessible through the Investor Relations section of the company's website, ensuring broad investor participation and information transparency.
- Replay Information: A replay of the conference call will be available until March 1, 2026, by dialing 1-800-770-2030 and using playback ID 8436455, allowing investors who missed the live event to access critical information.
- New Management Takeover: Paul Pittman and Palmer Thornton have acquired Grizzly Lodge, ensuring continuity for the 12,000-square-foot resort during the transition period, with former owner Adam Trainer remaining involved to maintain service for loyal customers.
- Rich Industry Experience: Pittman brings decades of leadership in real estate, agriculture, and investment banking, having led two companies through public offerings, while Thornton's background in hospitality, real estate, and private equity will drive the lodge's long-term development.
- Exceptional Customer Experience: Since opening in 2009, Grizzly Lodge has welcomed approximately 1,100 guests annually with occupancy rates exceeding 90%, and the new management plans to enhance customer experience further through smart investments, reflecting its strong reputation.
- Unique Location: Located within two hours of Kelowna International Airport, the lodge offers a fully immersive backcountry experience, including lodging, guided snowmobiling, and equipment rentals, with the new management committed to maintaining and enhancing this unique blend of adventure and hospitality.





