Farmland Partners(US:FPI)2019-05-10 11:43Financial Performance - Total operating revenues decreased by 2.8% to $10.9 million in Q1 2019 compared to $11.2 million in Q1 2018[5, 7] - Operating income decreased by 6.2% to $4.5 million in Q1 2019 compared to $4.8 million in Q1 2018[5, 7] - The company reported a basic net loss to common stockholders of $0.10 per share[5, 6] - AFFO per share was -$0.03 in Q1 2019, compared to $0.00 in Q1 2018[5, 6] - Net income was $0.01 million in Q1 2019, compared to $0.5 million in Q1 2018[6] Capital Activities - The company completed farm dispositions totaling $4.7 million during the quarter[5, 8] - The company repurchased $6.5 million in shares of common stock at a weighted average price of $5.61 per share and $0.3 million of Series B Participating Preferred Stock at a weighted average price of $18.51 per share[5, 9] - Total debt outstanding was $523.2 million as of March 31, 2019, compared to $525.3 million as of December 31, 2018[11] Balance Sheet Highlights - Net debt to gross assets was 44.1% as of March 31, 2019, compared to 42.8% as of March 31, 2018[16] - Net debt to total capitalization was 51.0% as of March 31, 2019, compared to 46.3% as of March 31, 2018[16]