Farmland Partners Inc 2026年季度报告

(Mark One)☒QUARTERLYREPORT PURSUANT TO SECTION 13 OR 15(d)OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2026 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) (720) 452-3100(Registrant’s Telephone Number,Including Area Code) 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 the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file suchreports), 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 be submittedpursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe 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,” “smallerreporting 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 period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the Registrant is a shell company (as defined in Rule12b-2 of the Exchange Act).☐Yes☒NoAs of July 24, 2026, 43,630,722 shares of the Registrant’s common stock (43,923,735 on a fully diluted basis, including 293,013Common Units of limited partnership interests in the registrant’s operating partnership) were outstanding. Farmland Partners Inc. FORM10-Q FOR THE QUARTER ENDEDJUNE30, 2026 TABLE OF CONTENTS PART I. FINANCIAL INFORMATION Item 1.Financial StatementsConsolidated Financial StatementsBalance Sheets as of June 30, 2026 (unaudited) and December31, 20253Statements of Operations for the three and six months ended June 30, 2026 and2025 (unaudited)4Statements of Comprehensive Income (Loss) for the three and six months endedJune 30, 2026 and 2025 (unaudited)5Statements of Changes in Equity for the three and six months ended June 30, 2026and 2025 (unaudited)6Statements of Cash Flows for the six months ended June 30, 2026 and 2025(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 INFORMATION 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 Farmland Partners Inc.Consolidated Balance SheetsAs of June30, 2026 (Unaudited) and December31, 2025(in thousands, except par value and share data) June30,December31,20262025ASSETSLand, at cost$552,060$565,002Grain facilities7,2497,476Groundwater8,8588,858Irrigation improvements22,24022,741Drainage improvements6,3856,401Permanent plantings27,68328,049Other3,2223,334Construction in progress1,3781,190Real estate, at cost629,075643,051Less accumulated depreciation(27,944)(26,783)Total real estate, net601,131616,268Cash and cash equivalents11,4199,293Loans and financing receivables, net76,38880,232Right of use asset, net429169Accounts receivable, net2,8604,408Derivative asset—141Inventory2,9642,316Equity method investments3,8804,245Prepaid and other assets7291,993TOTAL ASSETS$699,800$719,065 Farmland Partners Inc.Consolidated Statements of OperationsFor the three and six months ended June30, 2026 and 2025(Unaudited)(in thousands, except per share amounts) Farmland Partners Inc.Consolidated Statements of Comprehensive Income (Loss)For the three and six months ended June30, 2026 and 2025(Unaudited)(in thousands) See accompanying notes. Farmland Partners Inc.Consolidated Statements of Changes in Equity and Other Comprehensive IncomeFor the three and six months ended June30, 2026 (Unaudited)(in thousands) Farmland Partners Inc.Consolidated Statements 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 Cash FlowsFor the six months ended June30, 2026 and 2025(Unaudited)(in thousands) Real estate acquisitions—(6,501)Real estate and other improvements(630)(251)Distributions from equity method investees40350