Farmland Partners Q2 net income falls 60% to $3.1 million; guidance low end raised
Farmland Partners reported second-quarter 2026 net income of $3.1 million ($0.07 per share), down from $7.8 million ($0.15 per share) a year earlier, and total operating revenues fell 5.7% to $9.4 million. AFFO rose 30.6% to $1.7 million ($0.04 per share), and the company raised the low end of its 2026 AFFO per share guidance to $0.31 from $0.30, with the top end unchanged at $0.35.
Key points
- Total operating revenues were $9.4 million in the quarter, down 5.7% from $10.0 million; net operating income rose 2.9% to $7.1 million.
- Net income was $3.1 million ($0.07 per share) versus $7.8 million ($0.15 per share); the prior-year quarter included a $24.2 million gain on disposition of assets, compared with $3.5 million in 2026.
- AFFO was $1.7 million ($0.04 per share), up from $1.3 million ($0.03 per share).
- 2026 AFFO per share guidance range is now $0.31 to $0.35, up from $0.30 to $0.35; the board declared a $0.09 quarterly dividend payable October 15, 2026.
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 29, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.