Q1 2026 Farmland Partners Inc Earnings Call Transcript

Apr 30, 2026 / 03:00 PM GMT

Release Date Price: $10.75 (-6.36%)

Transcript 10-Q8-K

Key Points

Positve

Farmland Partners Inc (FPI) successfully redeemed its Series A preferred units, improving its liquidity position.
The company maintains a strong liquidity position with access to approximately $114 million in untapped credit lines.
Farmland Partners Inc (FPI) continues to improve the quality of its portfolio by disposing of properties in volatile regions like California.
Higher interest income was reported due to an increased average balance on loans under the FPI loan program.
The agricultural sector, particularly farmland as an asset class, continues to demonstrate strength and resilience.

Negative

Net income for the quarter was lower compared to the same period in 2025, at $0.6 million or $0.01 per share.
AFFO decreased from $2.3 million in Q1 2025 to $2.1 million in Q1 2026.
Lower rental income was reported due to asset dispositions and the absence of income from the sale of MWA.
Operating expenses increased due to a higher allowance for credit losses related to loans under the FPI loan program.
The forecasted range of AFFO for 2026 decreased from the prior quarter on both the high and low end of the range.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

FPI.N - Farmland Partners Inc
Q1 2026 Farmland Partners Inc Earnings Call
Apr 30, 2026 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Thank you for standing by. My name is Janice, and I will be your conference operator today. At this time, I would like to welcome everyone to the Farmland Partners, Inc. Q1 2026 earnings call.

All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer session. If you would like to ask questions during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question.

Thank you. And I would now like to turn the conference over to Luca Fabri, President and Chief Executive. Please go ahead.

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