Farmland partners inc. reports third quarter 2021 results

Denver, oct. 27, 2021 /prnewswire/ -- farmland partners inc. (nyse: fpi) ("fpi" or the "company") today reported financial results for the three and nine months ended september 30, 2021. selected 2021 highlights during the nine months ended september 30, 2021, the company: recorded net income of $(3.1) million, $3.8 million excluding litigation-related items1, compared to $1.2 million, $1.9 million excluding litigation related items2, for the same period in 2020; recorded affo of $(8.5) million, $(1.6) million excluding litigation-related items1, compared to $(3.2) million, $(2.4) million excluding litigation related items2, for the same period in 2020; completed five acquisitions, for total consideration of $31.0 million; completed seventeen property dispositions, for total consideration of $31.1 million and total gain on sale of $3.4 million; retained property management for ten out of seventeen disposed properties and closed an additional acquisition in the third quarter, growing the asset management business's assets under management to over $50 million; and sold 1,959,512 shares of common stock at an average price of $13.12 for aggregate net proceeds of $25.4 million under the atm program.
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