Farmland Partners Inc 2025年季度报告

(Mark One)☒QUARTERLY REPORT PURSUANT TOSECTION 13 OR 15(d)OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period endedJune 30, 2025 or ☐TRANSITIONREPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIESEXCHANGE ACT OF 1934 FARMLAND PARTNERS INC. (Exact Name of Registrant as Specified in its Charter) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the Registrant (1)has filed all reports required to be filed by Section13 or 15(d)of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was requiredto file such reports), and (2)has been subject to such filing requirements for the past 90 days.☒Yes☐No Indicate by check mark whether the Registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for suchshorter period that the Registrant was required to submit such files).☒Yes☐No Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smallerreporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,”“smaller reporting company” and “emerging growth company” in Rule12b-2 of the Exchange Act. Largeacceleratedfiler☐Non-accelerated filer☒ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition periodfor complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the ExchangeAct.☐ Indicateby check mark whether the Registrant is a shell company(as defined in Rule 12b-2 of the ExchangeAct).☐Yes☒No As of July 18, 2025,44,164,368shares of the Registrant’s common stock (44,913,381 on a fully diluted basis, including749,013 Common Units of limited partnership interests in the registrant’s operating partnership) were outstanding. Farmland Partners Inc. FORM10-Q FOR THE QUARTER ENDEDJune30, 2025 TABLE OF CONTENTS PART I. FINANCIAL INFORMATION Item 1.Financial StatementsConsolidated Financial StatementsBalance Sheets as of June 30, 2025 (unaudited) and December31, 20243Statements of Operations for the three and six months ended June 30, 2025 and2024 (unaudited)4Statements of Comprehensive Income (Loss) for the three and six months endedJune 30, 2025 and 2024 (unaudited)5Statements of Changes in Equity for the three and six months ended June 30,2025 and 2024 (unaudited)6Statements of Cash Flows for the six months ended June 30, 2025 and 2024(unaudited)8Notes to Consolidated Financial Statements (unaudited)10Item 2.Management’s Discussion and Analysis of Financial Condition and Results ofOperations33Item 3.Quantitative and Qualitative Disclosures about Market Risk49Item 4.Controls and Procedures49 PARTII. OTHER INFORMATION50 Item 1.Legal Proceedings50Item 1A.Risk Factors50Item 2.Unregistered Sales of Equity Securities and Use of Proceeds50Item 3.Defaults Upon Senior Securities51Item 4.Mine Safety Disclosures51Item 5.Other Information51Item 6.Exhibits51 PART I. FINANCIAL INFORMATIONItem 1. Financial Statements Farmland Partners Inc.Consolidated Balance SheetsAs of June30, 2025 (Unaudited) and December31, 2024(in thousands, except par value and share data) Farmland Partners Inc.Consolidated Statements of OperationsFor the three and six months ended June30, 2025 and 2024(Unaudited)(in thousands, except per share amounts) Farmland Partners Inc.Consolidated Statements of Comprehensive Income (Loss)For the three and six months ended June30, 2025 and 2024(Unaudited)(in thousands) Farmland Partners Inc.ConsolidatedStatements of Changes in Equity and Other Comprehensive IncomeFor the three and six months ended June30, 2025 (Unaudited)(in thousands) Farmland Partners Inc.Consolidated Statements of Changes in Equity and Other Comprehensive IncomeFor the three and six months ended June30, 2024 (Unaudited)(in thousands) Farmland Partners Inc.ConsolidatedStatementsof Cash FlowsFor the six months ended June30, 2025 and 2024(Unaudited)(in thousands) Farmland Partners Inc.Consolidated Statements of Cash Flows (continued)For the six months ended June30, 2025 and 2024(Unaudited)(in thousands) See accompanying notes. Farmland Partners Inc.Notes to Consolidated Financial Statements (Unaudited) Note 1—Organization and Significant Accounting Policies Organization Farmland Partners Inc. (“FPI”), collectively with its subsidiaries, is an internally managed realestate company that owns and seeks to acquire high-quality farmland located in agricultural marketsthroughout North America. FPI was incorporated in Maryland on September 27, 2013. FPI elected tobe taxed as a real estate investment trust (“REIT”) under Sections 856 through 860 of the InternalRevenue Code of 1986, as amended (the “Code”), commencing with its short taxable year endedDecember 31, 2014