FPI

EX-99.1

2 fpi-20260429xex99d1.htm

EX-99.1

Exhibit 99.1

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Farmland Partners Inc. Reports First Quarter 2026 Results

Completed Redemption of Series A Preferred Units, Eliminating Dilution Risk

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DENVER, April 29, 2026 (BUSINESS WIRE) -- Farmland Partners Inc. (NYSE: FPI) (“FPI” or the “Company”) today reported financial results for the quarter ended March 31, 2026.

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Selected Highlights

For the quarter ended March 31, 2026, the Company:

●recorded net income of $0.6 million, or $0.01 per share available to common stockholders, compared to $2.1 million, or $0.03 per share available to common stockholders for the same period in 2025;

●recorded AFFO of $2.1 million, or $0.05 per share, compared to $2.3 million, or $0.05 per share, for the same period in 2025;

●completed the disposition of one property in the West Coast region for consideration of $9.4 million, lessening our exposure in California;

●raised cash dividends by 50% to an annualized dividend of $0.36 per share, or $0.09 per quarter, of common stock and Class A Common OP unit from $0.24 per share, or $0.06 per quarter, of common stock and Class A Common OP unit; and

●redeemed all of the 68,000 Series A preferred units that remained outstanding, simplifying the balance sheet and eliminating the risk of dilutive conversion of Series A preferred units into common shares.

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Subsequent to March 31, 2026, the Company:

●made repayments of $8.0 million against the Company’s lines of credit.

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CEO Comments

Luca Fabbri, President and Chief Executive Officer, commented: “The first quarter of 2026 was in line with expectations. We made progress this quarter in strengthening the quality and resilience of our portfolio, including the disposition of an additional West Coast property, which modestly reduced our exposure to higher-risk assets. We also simplified our balance sheet through the February redemption of our remaining Series A preferred units, eliminating potential dilution risk. Together, these actions position the Company with a stronger, more focused capital structure and enhanced financial flexibility going forward. In February, we raised our cash dividend by 50%, reinforcing our commitment to delivering enhanced value to shareholders. We reduced our guidance for the year due to non-cash allowances for potential loan losses under the FPI loan program. Looking ahead, we remain confident in the long-term fundamentals of the farmland REIT asset class and its ability to generate durable, attractive returns, despite ongoing disruptions and near-term volatility impacting the broader agriculture industry.”

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Financial and Operating Results

●The table below shows financial and operating results for the three months ended March 31, 2026 and 2025 (unaudited).

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(in thousands)

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For the three months ended March 31,

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Financial Results:

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2026

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2025

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Change

Net Income

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$

646

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$

2,093

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(69.1)

%

Net income available to common stockholders ⁽¹⁾

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$

0.01

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$

0.03

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(66.7)

%

AFFO (2)

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$

2,075

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$

2,284

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(9.2)

%

AFFO per weighted average common share

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$

0.05

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$

0.05

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—

%

Adjusted EBITDAre (2)

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$

5,007

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$

5,682

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(11.9)

%

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Operating Results:

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Total Operating Revenues

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$

10,102

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$

10,252

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(1.5)

%

Net Operating Income (NOI)

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$

8,604

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$

8,108

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6.1

%

(1)Basic net income per share available to common stockholders. See “Note 9—Stockholders’ Equity and Non-controlling Interests” in the Quarterly Report on Form 10-Q for the three months ended March 31, 2026, when filed, for more information.

(2)The three months ended March 31, 2025 and 2026 included approximately $1.0 million and $0.5 million, respectively, of income as a result of a solar lease arrangement with a tenant.

●See “Non-GAAP Financial Measures” below for complete definitions of AFFO, Adjusted EBITDAre, and NOI and the financial tables accompanying this press release for reconciliations of net income to AFFO, Adjusted EBITDAre and NOI.

Acquisition and Disposition Activity

●During the three months ended March 31, 2026, the Company completed no acquisitions of properties.

●During the three months ended March 31, 2026, the Company completed dispositions consisting of one property for approximately $9.4 million in consideration and recognized a loss on sale of $0.3 million.

Balance Sheet

●The Company had total debt outstanding of approximately $232.8 million at March 31, 2026 compared to total debt outstanding of approximately $161.6 million at December 31, 2025. The Company used approximately $68.2 million of debt in February 2026 to redeem all outstanding Series A preferred units.

●At March 31, 2026, the Company had access to liquidity of $132.1 million, consisting of $17.7 million in cash and $114.4 million in undrawn availability under its credit facil

FARMLAND PARTNERS INC._February 18, 2026 0001591670false00015916702026-02-182026-02-18 ​ ​

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549 ​

FORM 8-K

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CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ​ Date of Report (Date of earliest event reported): February 18, 2026 ​ ​

FARMLAND PARTNERS INC.

(Exact name of registrant as specified in its charter) ​ ​ ​ ​ ​

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Maryland (State or other jurisdiction of incorporation) 001-36405 (Commission File Number) 46-3769850 (IRS Employer Identification No.)

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4600 S. Syracuse Street, Suite 1450 Denver, Colorado (Address of principal executive offices)

80237 (Zip Code)

​ Registrant’s telephone number, including area code: (720) 452-3100 ​ Not Applicable (Former name or former address, if changed since last report) ​ ​ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ​

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

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☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

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☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

​ Securities registered pursuant to Section 12(b) of the Act: ​

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Stock FPI New York Stock Exchange

​ Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ ​ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ ​ ​

Item 2.02.Results of Operations and Financial Condition. ​ On February 18, 2026, Farmland Partners Inc. (the “Company”) issued a press release announcing its financial position as of December 31, 2025, results of operations for the year ended December 31, 2025 and other related information. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The Company intends to make certain supplemental information available on its website www.farmlandpartners.com under the section “Investor Relations—Presentations” prior to the Company’s conference call with investors on Thursday, February 19, 2026 at 11:00 a.m. (Eastern Time). ​ The information included in this Current Report on Form 8-K, including Exhibit 99.1 hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing made by the Company under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing. ​ ​ Item 9.01.Financial Statements and Exhibits. ​ ​

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Exhibit No. ​ ​ ​ Description

99.1* ​ Press release dated February 18, 2026.

104 ​ Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

*   Furnished herewith. ​ ​

SIGNATURES

​ Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ​ ​

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FARMLAND PARTNERS INC.

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Date: February 18, 2026 ​ By: /s/ Luca Fabbri ​ ​

​ ​ ​ Luca Fabbri ​ ​

​ ​ ​ President and Chief Executive Officer ​ ​

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FARMLAND PARTNERS INC._October 29, 2025 0001591670false00015916702025-07-232025-07-23 ​ ​

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549 ​

FORM 8-K

​ ​

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ​ Date of Report (Date of earliest event reported): October 29, 2025 ​ ​

FARMLAND PARTNERS INC.

(Exact name of registrant as specified in its charter) ​ ​ ​ ​ ​

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Maryland (State or other jurisdiction of incorporation) 001-36405 (Commission File Number) 46-3769850 (IRS Employer Identification No.)

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4600 S. Syracuse Street, Suite 1450 Denver, Colorado (Address of principal executive offices)

80237 (Zip Code)

​ Registrant’s telephone number, including area code: (720) 452-3100 ​ Not Applicable (Former name or former address, if changed since last report) ​ ​ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ​

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

​ ​

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

​

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

​ Securities registered pursuant to Section 12(b) of the Act: ​

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Stock FPI New York Stock Exchange

​ Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ ​ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ ​ ​

Item 2.02.Results of Operations and Financial Condition. ​ On October 29, 2025, Farmland Partners Inc. (the “Company”) issued a press release announcing its financial position as of September 30, 2025, results of operations for the three and nine months ended September 30, 2025 and other related information. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference. The Company intends to make certain supplemental information available on its website www.farmlandpartners.com under the section “Investor Relations—Presentations” prior to the Company’s conference call with investors on Thursday, October 30, 2025 at 11:00 a.m. (Eastern Time). ​ The information included in this Current Report on Form 8-K, including Exhibit 99.1 hereto, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any filing made by the Company under the Exchange Act or the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing. ​ ​ Item 9.01.Financial Statements and Exhibits. ​ ​

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Exhibit No.

Description

99.1* ​ Press release dated October 29, 2025.

104 ​ Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

*   Furnished herewith. ​ ​

SIGNATURES

​ Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ​ ​

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FARMLAND PARTNERS INC.

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Date: October 29, 2025 ​ By: /s/ Luca Fabbri ​ ​

​ ​ ​ Luca Fabbri ​ ​

​ ​ ​ President and Chief Executive Officer ​ ​

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