Farmland Partners(US:FPI)2025-10-30 15:00Financial Performance - Farmland Partners Inc recorded net income of $05 million, or $000 per share available to common stockholders, compared to $18 million, or $002 per share for the same period in 2024[10] - The company recorded AFFO of $2887 million, or $007 per share, compared to $1399 million, or $003 per share, for the same period in 2024[10, 12] - For the nine months ended September 30, 2025, net income was $10376 million, a 7690% increase compared to $1194 million in 2024[12] - AFFO for the nine months ended September 30, 2025, was $6468 million, a 372% increase compared to $4713 million in 2024[12] - Total operating revenues for the three months ended September 30, 2025, were $11251 million, a 155% decrease compared to $13317 million in 2024[12] - Total operating revenues for the nine months ended September 30, 2025, were $31463 million, a 144% decrease compared to $36752 million in 2024[12] - The company increased the bottom and top end of 2025 AFFO guidance range to $032 to $036 from $028 to $034[10] Balance Sheet and Capital Activities - The company made repayments of $230 million against its lines of credit[10] - The company repurchased 1,248,802 shares of its common stock at a weighted average price of $1084 per share[10] - Total debt outstanding was approximately $1704 million at September 30, 2025, compared to $2046 million at December 31, 2024[17] - The company had access to liquidity of $1725 million at September 30, 2025, consisting of $135 million in cash and $1590 million in undrawn availability under its credit facilities[17] Strategic Transactions - The company entered into a definitive agreement to sell Murray Wise Associates, LLC, for aggregate consideration of $53 million[10] - The company entered into a definitive agreement to dispose of 23 properties in exchange for $310 million of Series A preferred units, a price approximately 56% higher than the 2016 purchase price[10]