Farmland Partners Inc. reported full year 2025 financial results including net income of $32.2 million or $0.65 per share and AFFO of $17.9 million or $0.39 per share, beating prior guidance. The company raised its quarterly dividend by 50% to $0.09 per share, reduced total debt to $161.6 million, and completed significant property dispositions and the sale of Murray Wise Associates.
Key takeaways
Net income $32.2 million or $0.65 per common share for year ended December 31, 2025 vs $61.5 million or $1.19 per share in 2024
AFFO $17.9 million or $0.39 per share for 2025 vs $14.1 million or $0.29 per share in 2024, beating Q3 2025 guidance midpoint of $0.34 per share
Completed 60 property dispositions for $90.2 million aggregate consideration with $34.9 million net gain on sale
Acquired six properties for $7.3 million total consideration
Reduced total debt from $204.6 million at December 31, 2024 to $161.6 million at December 31, 2025
Raised quarterly dividend 50% to $0.09 per share payable April 15, 2026 to holders of record April 1, 2026
Repurchased 3,411,581 common shares at weighted average $11.07 per share
Sold Murray Wise Associates for $5.3 million consideration with $1.0 million gain