Exhibit 99.1 Farmland Partners Inc. Reports First Quarter 2024 Results Increased Fiscal Year 2024 Guidance DENVER, April 30, 2024 (BUSINESS WIRE) -- Farmland Partners Inc. (NYSE: FPI) ("FPI" or the "Company") today reported financial results for the quarter ended March 31, 2024. Selected Highlights During the quarter ended March 31, 2024, the Company: ● recorded net income of $1.4 million, or $0.01 per share available to common stockholders, compared to $1.7 million, or $0.02 per share available to common s ...

Farmland Partners (FPI) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The p ...

keeperofthezoo/iStock via Getty Images On our last coverage of Farmland Partners Inc. (NYSE:FPI) we weighed the bull and the bear arguments and found both to be wanting. We could not rate it a Sell and we were only ready to buy a bit lower. But for FPI to actually deliver this value, will require a firm commitment to sell the whole company. This can happen right away or even over two years. But that is the only way we can see some significant upside. Exploiting the differences between public and private ...

Farmland Partners Inc. (NYSE:FPI) Q4 2023 Earnings Conference Call February 29, 2024 11:00 AM ET Company Participants Luca Fabbri - President & Chief Executive Officer Christine Garrison - General Counsel Paul Pittman - Executive Chairman James Gilligan - Chief Financial Officer Conference Call Participants Scott Fortune - Roth MKM John Massocca - B. Riley Operator Hello. My name is Jeannie and I will be your conference operator today. I would like to welcome you to the Farmland Partners, Inc. Q4 and Fiscal ...

Farmland Partners (FPI) reported $21.59 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 1%. EPS of $0.16 for the same period compares to $0.11 a year ago.The reported revenue represents a surprise of -3.12% over the Zacks Consensus Estimate of $22.29 million. With the consensus EPS estimate being $0.17, the EPS surprise was -5.88%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to deter ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-36405 FARMLAND PARTNERS INC. (Exact Name of Registrant as Specified in Its Charter) Maryland 46-3769850 (State or O ...

Financial Performance - For the year ended December 31, 2023, the company recorded net income of $31.7 million, or $0.55 per share, representing a 164.9% increase compared to $12.0 million, or $0.16 per share in 2022[2]. - Total operating revenues for the year ended December 31, 2023, were $57.5 million, a decrease of 6.1% from $61.2 million in 2022[4]. - Net income for the year ended December 31, 2023, was $31,681,000, compared to $11,960,000 in 2022, representing a significant increase of 164%[14]. - The company reported a basic net income available to common stockholders of $0.55 per share for 2023, up from $0.16 per share in 2022[14]. - Funds from operations (FFO) for 2023 were $8,887,000, down from $16,279,000 in 2022, indicating a decline of approximately 45%[16]. - Net Operating Income (NOI) for 2023 was $44,052,000, down from $47,054,000 in 2022, a decline of 6.4%[19]. - Adjusted EBITDAre for the year ended December 31, 2023, was $33.4 million, a decrease of 3.9% from $34.8 million in 2022[4]. - Adjusted EBITDAre for 2023 was $33,403,000, compared to $34,759,000 in 2022, reflecting a slight decrease of about 4%[17]. Asset and Liability Management - The company decreased total debt from $439.5 million at December 31, 2022, to $363.1 million at December 31, 2023, which is a reduction of $76.4 million, representing 38% of net real estate value[2][6]. - Total assets decreased to $1,022,002,000 as of December 31, 2023, down from $1,160,149,000 in 2022, reflecting a decline of approximately 12%[12]. - Total liabilities decreased to $391,192,000 in 2023, down from $455,935,000 in 2022, a reduction of about 14%[12]. Cash Flow and Liquidity - The company increased liquidity to $206.6 million as of December 31, 2023, compared to $176.7 million as of December 31, 2022[2][6]. - The company’s cash and cash equivalents increased to $5,489,000 in 2023 from $7,654,000 in 2022, a decrease of approximately 28%[12]. Dividends and Shareholder Returns - The company declared a one-time special dividend of $0.21 per share in December 2023, which was paid in January 2024[2][6]. - The company declared dividends of $0.24 per common share in 2023, compared to $0.23 per share in 2022[14]. - The company repurchased 6,551,087 shares of its common stock at a weighted average price of $11.00 per share during the year[2][6]. Property Transactions - The company completed dispositions of 74 properties for approximately $195.5 million, recognizing a total gain on sale of $36.1 million[2][6]. - The company acquired four properties for a total consideration of $22.2 million in 2023[2][6]. Operating Expenses - Interest expense rose significantly to $22,657,000 in 2023, up from $16,143,000 in 2022, an increase of 40.5%[19]. - Depreciation, depletion, and amortization expenses increased to $7,499,000 in 2023 from $6,960,000 in 2022, a rise of 7.7%[19]. - General and administrative expenses decreased to $11,274,000 in 2023 from $12,005,000 in 2022, a reduction of 6.1%[19]. Other Financial Metrics - The average rent increase for renewed fixed cash farm leases was approximately 20%, which represented about 14% of total revenue for 2023[2][3]. - The company recorded a gain on the disposition of assets of $(36,133,000) in 2023, compared to $(2,641,000) in 2022[14]. - Crop sales decreased to $2,257,000 in 2023, down 57.9% from $5,372,000 in 2022[19]. - The company considers FFO, NOI, and AFFO as key supplemental measures of performance, which are not alternatives to net income[20]. - Adjusted EBITDAre is calculated by adjusting EBITDAre for certain items, providing useful supplemental information regarding ongoing operating performance[25].

DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company”) today announced it will release its financial results for the fourth quarter and year ended December 31, 2023, after 5 p.m. (Eastern Time) on Wednesday, February 28, 2024, and will host a conference call the following day, Thursday, February 29, 2024, at 11:00 a.m. (Eastern Time) to discuss the financial results and provide a company update. The call can be accessed live over the phone by dialing 1-888-596-4144 and using the confer ...

pcess609/iStock via Getty Images It is that not-so-fun time of year when we all have to pay taxes. Giving up a significant chunk of hard-earned money is simply part of living in a modern society, but we still want to give up as little as possible. This article will provide tips on how to reduce, defer, and otherwise minimize the tax burden of investment income using real estate investment trusts ("REITs"), or rather specific REITs. Allow me to begin by discussing the differing taxation of REIT dividends fro ...

CHAMPAIGN, Ill.--(BUSINESS WIRE)--Murray Wise Associates (MWA) announced today that it has added approximately 19,200 acres under the company’s farmland management portfolio in the past four months, bringing the total acres managed to more than 40,000 across 10 states. MWA President Eric Sarff said growing the firm’s management business has been a point of emphasis over the past several months. “There are companies out there that manage more acres than MWA, but we believe that our team’s experience, att ...