Farmland Partners(US:FPI)2025-07-24 15:00Financial Performance - Farmland Partners Inc recorded net income of $7792 thousand, or $015 per share, for the three months ended June 30, 2025, compared to a net loss of $2052 thousand, or $(006) per share, for the same period in 2024[10] - AFFO for the quarter was $1297 thousand, or $003 per share, compared to $530 thousand, or $001 per share, in 2024, representing a 1447% increase[10, 12] - For the six months ended June 30, 2025, the company's AFFO was $3581 thousand, or $008 per share, compared to $3314 thousand, or $007 per share, in 2024, an increase of 81%[12] - Total operating revenues for the quarter were $9960 thousand, a 130% decrease compared to $11445 thousand in 2024[12] - Net Operating Income (NOI) for the quarter decreased by 218% to $6890 thousand from $8814 thousand in 2024[12] Asset Transactions and Capital Management - The company completed dispositions of 32 properties for an aggregate consideration of $716 million, recognizing a gain on sale of $242 million during the quarter[10] - During the six months ended June 30, 2025, the company completed 34 property dispositions for approximately $816 million, recognizing a gain on sale of $250 million[17] - The company repurchased 2099756 shares of its common stock at a weighted average price of $1119 per share during the quarter[10] - Subsequent to June 30, 2025, the company repurchased 181989 shares of common stock at a weighted average price of $1148 per share and made repayments of $230 million against its lines of credit[10] Balance Sheet and Liquidity - The company had total debt outstanding of approximately $1934 million as of June 30, 2025, compared to $2046 million at December 31, 2024[17] - As of June 30, 2025, the company had access to liquidity of $2111 million, including $511 million in cash and $1600 million in undrawn credit facilities[17]