Name | Value |
---|---|
Revenues | 21.8M |
Cost of Revenue | 3.6M |
Gross Profit | 18.2M |
Operating Expense | 5.7M |
Operating I/L | 12.5M |
Other Income/Expense | -5.7M |
Interest Income | 0.0M |
Pretax | 6.8M |
Income Tax Expense | 0.1M |
Net Income/Loss | 6.6M |
Farmland Partners Inc. is an internally managed real estate company specializing in owning and acquiring high-quality North American farmland. The company also provides loans to farmers secured by farm real estate. With approximately 155,000 acres in 16 states and over 100 tenants, Farmland Partners Inc. owns a diverse portfolio of farmland, spanning 26 crop types. The company's revenue is generated through the ownership and leasing of farmland, as well as interest income from the loans provided to farmers. Farmland Partners Inc. operates as a real estate investment trust (REIT) for U.S. federal income tax purposes.