Key Highlights

  • Farmland Partners' $0.09 quarterly dividend goes ex-dividend October 1, 2026 and is payable October 15 to shareholders of record.
  • Second-quarter net income available to common stockholders was $3.1 million, or $0.07 per share, versus $7.8 million, or $0.15.
  • AFFO, a non-GAAP measure, was $1.7 million, or $0.04 per share, versus $1.3 million, or $0.03.
  • The company raised the low end of its 2026 AFFO guidance to $0.31 per share, with the top end at $0.35.

Overview

Farmland Partners Inc.'s (NYSE:FPI) $0.09 quarterly dividend yields 3.25% and was declared July 28, 2026. Second-quarter AFFO, a non-GAAP measure, was $0.04 per share and net income available to common stockholders was $0.07 per share. First-half AFFO was $0.09 per share, and 2026 AFFO guidance is $0.31 to $0.35 per share.

Dividend Program and Shareholder Returns

Farmland Partners' board declared a regular quarterly dividend of $0.09 per common share on July 28, 2026, payable October 15 to shareholders of record on October 1.

The latest filing identifies no separate supplemental common dividend. As a real estate investment trust, FPI reports AFFO, a non-GAAP measure, alongside GAAP net income.

About the Company

Farmland Partners is a publicly traded real estate investment trust that owns and leases farmland across the United States, with approximately 70,100 acres in 11 states as of June 30, 2026. It generally leases farms to operators under cash-rent arrangements, with some variable rent based on farm revenue. Rent levels and farmland values are affected by crop prices, yields and interest rates.

Financial Performance Behind the Payout

Farmland Partners reported second-quarter total operating revenues of $9,397 thousand versus $9,960 thousand, a 5.7% decrease. Net operating income was $7,092 thousand, up 2.9%. Net income available to common stockholders was $3.1 million, or $0.07 per share, versus $7.8 million, or $0.15.

AFFO was $1.7 million, or $0.04 per share, versus $1.3 million, or $0.03. Adjusted EBITDAre was $4,801 thousand versus $4,469 thousand, up 7.4%.

For six months, net income available to common stockholders was $3.8 million, or $0.08 per share, versus $9.9 million, or $0.18. AFFO was $3.8 million, or $0.09 per share, versus $3.6 million, or $0.08.

The Dividend Alongside AFFO, Debt Repayment and a Property Sale

For the second quarter, AFFO was $0.04 per share, and the quarterly dividend is $0.09 per share. The company reports AFFO per share guidance for 2026 of $0.31 to $0.35, or $13.5 million to $15.3 million, with the low end raised from $0.30.

FPI repaid $8.0 million against its lines of credit, bringing debt to 35.5% of gross book value. It completed the disposition of one property for approximately $7.0 million and recognized a gain on sale of $3.5 million.

The company states it continues to evaluate further asset disposals, with proceeds that may be used to reduce debt or fund stock buybacks.

Outlook

Farmland Partners guides 2026 AFFO to $0.31 to $0.35 per share, or $13.5 million to $15.3 million, with the low end raised from $0.30. The company states it continues to evaluate asset disposals, with proceeds that may reduce debt or fund stock buybacks, and reports debt at 35.5% of gross book value.