Farmland Partners Raises Quarterly Dividend 50% to $0.09 Per Share
Farmland Partners Inc., a farmland real estate investment trust, declared a quarterly cash dividend of $0.09 per share, a 50% increase from its previous $0.06 quarterly payment.
Farmland Partners Inc. (NYSE: FPI), a real estate investment trust focused on owning and leasing farmland, declared a quarterly cash dividend of $0.09 per share on February 17, 2026. The payment represents a 50% increase from the company's previous quarterly dividend of $0.06 per share. Read more dividend announcements.
The new quarterly rate brings the annualized dividend to $0.36 per share, up from $0.24 per share. The dividend is payable to holders of both common stock and Class A Common OP units.
| Dividend Details | Information |
|---|---|
| Amount | $0.09 per share |
| Record Date | April 1, 2026 |
| Payment Date | April 15, 2026 |
| Frequency | Quarterly |
| Previous Amount | $0.06 per share |
Full Year 2025 Performance
The dividend increase follows a strong 2025 performance. The company reported adjusted funds from operations of $17.9 million, or $0.39 per share, for the year ended December 31, 2025, compared to $14.1 million, or $0.29 per share, for 2024. The result exceeded the company's guidance of $0.34 per share at the midpoint by $0.05 per share.
Net income for 2025 totaled $32.2 million, or $0.65 per share, compared to $61.5 million, or $1.19 per share, in 2024.
Asset Sales and Balance Sheet Actions
During 2025, Farmland Partners completed dispositions of 60 properties across multiple regions for aggregate consideration of $90.2 million, including $2.1 million in seller financing. The company recognized a net gain on sale of $34.9 million from these transactions. Of the 60 properties sold, 23 were exchanged for the redemption and cancellation of 31,000 Series A preferred units.
The company also acquired six properties in the Corn Belt region for $7.3 million and sold Murray Wise Associates, its auction and brokerage business, for $5.3 million, recognizing a gain of $1.0 million.
Total debt decreased by $43.0 million during the year, falling from $204.6 million at December 31, 2024, to $161.6 million at December 31, 2025. The company's debt to enterprise value stood at approximately 25.0% as of year-end.
In addition to the regular quarterly dividend, the company declared a one-time special dividend of $0.20 per share in December 2025, which was paid in January 2026.
Preferred Unit Redemption
Subsequent to year-end, Farmland Partners redeemed the remaining 68,000 Series A preferred units for $68.2 million in cash, including accrued distributions. The company stated this move eliminates the risk of issuing common stock at a dilutive price.
As of February 13, 2026, the company had 43,836,899 shares of common stock outstanding on a fully diluted basis.