Farmland Partners (Farmland Partners) Interest Expense : $-22.66 Mil (TTM As of Dec. 2023)

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What is Farmland Partners Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Farmland Partners's interest expense for the three months ended in Dec. 2023 was $ -5.66 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-22.66 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Farmland Partners's Operating Income for the three months ended in Dec. 2023 was $ 12.39 Mil. Farmland Partners's Interest Expense for the three months ended in Dec. 2023 was $ -5.66 Mil. Farmland Partners's Interest Coverage for the quarter that ended in Dec. 2023 was 2.19. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Farmland Partners Interest Expense Historical Data

The historical data trend for Farmland Partners's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Farmland Partners Interest Expense Chart

Farmland Partners Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-19.59

-17.68

-15.93

-16.14

-22.66

Farmland Partners Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-4.68	-4.92	-5.84	-6.23	-5.66

Farmland Partners Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-22.66 Mil.

Farmland Partners (NYSE:FPI) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Farmland Partners's Interest Expense for the three months ended in Dec. 2023 was $-5.66 Mil. Its Operating Income for the three months ended in Dec. 2023 was $12.39 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $361.26 Mil.

Farmland Partners's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	12.391	/	-5.659
	=	2.19

The higher the ratio, the stronger the company's financial strength is.

Farmland Partners (Farmland Partners) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » Farmland Partners Inc (NYSE:FPI) » Definitions » Interest Expense

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Traded in Other Exchanges

0FA:Germany

Address

4600 South Syracuse Street, Suite 1450, Denver, CO, USA, 80237

Website

http://www.farmlandpartners.com

Farmland Partners Inc owns and seeks to acquire high-quality farmland throughout North America. The company is an internally managed real estate company and owns and contracts of farmland and storage facilities located across the United States. Its properties are farmed by over 100 tenants growing more than 26 commercial crops. Farmland Partners generates its revenues through the rent it receives from its tenants.

Executives

Paul A Pittman	director, officer: President and CEO	4910 BIRCH ST., SUITE 102, NEWPORT BEACH CA 92660
Jennifer S Grafton	director	9540 SOUTH MAROON CIRCLE, SUITE 200, ENGLEWOOD CO 80112
Murray R Wise	director	2407 S NEIL PO BOX 3009, CHAMPAIGN IL 61826
Luca Fabbri	officer: CFO, Secretary and Treasurer	C/O FARMLAND PARTNERS INC., 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031
Christine M. Garrison	officer: General Counsel and Secretary	C/O FARMLAND PARTNERS INC., 4600 S. SYRACUSE STREET, SUITE 1450, DENVER CO 80237
John A Good	director	C/O JERNIGAN CAPITAL, INC., 1395 BRICKELL AVENUE, MIAMI FL 33131
Danny D. Moore	director	C/O FARMLAND PARTNERS INC., 4600 S. SYRACUSE STREET, SUITE 1450, DENVER CO 80237
James Gilligan	officer: Chief Financial Officer	C/O FARMLAND PARTNERS INC., 4600 S. SYRACUSE STREET, SUITE 1450, DENVER CO 80237
Thomas Heneghan	director	C/O MANUFACTURED HOME COMMUNITIES INC, 2 N RIVER PLAZA #800, CHICAGO IL 60606
Toby Orourke	director	FARMLAND PARTNERS INC., 4600 S. SYRACUSE STREET, SUITE 1450, DENVER CO 80237
Erica Borenstein	officer: General Counsel and Secretary	C/O FARMLAND PARTNERS INC., 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031
Chris A Downey	director	C/O FARMLAND PARTNERS INC., : 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031
Jay Bartels	director	C/O FARMLAND PARTNERS INC., 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031
Joseph W Glauber	director	FARMLAND PARTNERS INC., 8670 WOLFF COURT, SUITE 240, WESTMINSTER CO 80031
Dennie Dixon Boardman	director	C/O OPTIMA FUND MANAGEMENT LLC, 10 EAST 53RD STREET, NEW YORK NY 10022