Farmland Partners(US:FPI)2025-05-08 11:19Financial Performance - Net income for Q1 2025 was $21 million, or $003 per share available to common stockholders, compared to $14 million, or $001 per share, in Q1 2024[11] - AFFO for Q1 2025 was $23 million, or $005 per share, compared to $28 million, or $006 per share, in Q1 2024[11] - Total operating revenues decreased by 145% from $1199 million in Q1 2024 to $1025 million in Q1 2025[13] - Net Operating Income (NOI) decreased by 160% from $965 million in Q1 2024 to $811 million in Q1 2025[13] - Adjusted EBITDAre decreased by 338% from $858 million in Q1 2024 to $568 million in Q1 2025[13] Investment Activities - The company completed acquisitions of five properties for a total consideration of $65 million[11] - The company completed two farm dispositions for $100 million in aggregate consideration, recognizing a gain on sale of $08 million[11] - $76 million in loans were issued under the FPI Loan Program[11] - The company repurchased 63023 shares of its common stock at a weighted average price of $1174 per share[11] Balance Sheet - Total debt outstanding was approximately $2026 million as of March 31, 2025, compared to $2046 million as of December 31, 2024[18] - The company had access to liquidity of $1891 million as of March 31, 2025, consisting of $217 million in cash and $1674 million in undrawn availability under its credit facilities[18] 2025 Outlook - The company increased the bottom and top end of 2025 AFFO guidance range to $028 to $034 from $025 to $030[11]