Farmland Partners reports $15.5 million Q3 net loss and lower 2026 AFFO guidance
Farmland Partners reported a third-quarter 2026 net loss of $15.5 million, or $0.36 per share, after recording $12.0 million in asset impairments tied to California properties. Total operating revenues fell 13.1% and AFFO turned negative, and the company's 2026 AFFO per share guidance decreased from the prior quarter. Shareholders face weaker earnings and lower guidance, though the company repurchased 1,652,147 shares and declared a $0.09 quarterly dividend.
Key points
- Net loss of $15.5 million, or $0.36 per share, versus net income of $0.5 million, or $0.00 per share, a year earlier; includes $12.0 million of impairments.
- Total operating revenues fell 13.1% to $9.8 million; AFFO was negative $2.1 million, or $0.05 per share.
- 2026 AFFO per share guidance decreased compared with the prior quarter; details are on page 15 of the supplemental package.
- Repurchased 1,652,147 shares at a weighted average price of $10.32; quarterly dividend of $0.09 per share is payable January 15, 2027.
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 October 28, 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.