Investor Presentaiton
Financial Overview & Capital Structure (a)
FARMLAND
PARTNERS
(in thousands)
Financial Results:
Net Income
Net income (loss) per share available to common
stockholders
AFFO
AFFO per weighted average common shares
Adjusted EBITDAre
Operating Results:
Total Operating Revenues
Operating Income
Net Operating Income (NOI)
Debt Summary as of December 31, 2022
Financial Highlights
As Reported
For the 3 months ended
December 31,
As Reported
For the years ended
December 31,
2022
2021
+A
$
6,707 $
13,313
Change
(49.6)% $
2022
2021
Change
11,960 $
10,259
16.6%
$
LA LA LA LA
$
10,031
0.11 $
$
0.18 $
0.14
8,901
0.19
(21.4)% $
12.7% $
(5.3)% $
15,107
$
13,625
10.9% $
SASASALA
0.16
15,761
0.30
34,759 $
A A A LA
$
(0.17)
NM
$
410
NM
$
0.01
NM
25,845
34.5%
SA LA SA
$
21,823
$
12,473
$
18,240
LA LA LA
$
20,046
8.9% $
$
11,322
10.2%
$
18,156
0.5%
SALASA
61,210
$
24,974
$
47,054
SASASA
$
51,739
18.3%
$
16,813
48.5%
$
42,883
9.7%
Capitalization Summary as of December 31, 2022
($ in thousands except per share amounts)
Fully Diluted Shares Outstanding (b)
Share Price as of December 31, 2022
Equity Market Capitalization
SASA
55,555.651
$
$
12.46
692,223
+A
$
439,488
110,210
(7,654)
$
1,234,267
($ in thousands)
Total Outstanding Principal
$
439,488
Debt Issuance Costs
Total Debt, net
$
(2,613)
436,875
Fixed Rate to Maturity
$
24,987
Total Debt Outstanding
Fixed Rate Adjusting Periodically
262,001
Preferred
Floating Rate (c)
152,500 Less: Cash
Total Outstanding Principal
$
439,488
Weighted Average Cost of Debt (c)
Enterprise Value
4.07%
(a)
90
(b)
Please see pp. 25-27 for reconciliation to, and definition of, non-GAAP measures.
Includes unvested restricted shares.
FPI
14
LISTED
(c)
Includes swap associated with Rabobank debt. For cost of debt details, please see Note 7 in 2022 10-K and Supplemental Packages:
https://www.farmlandpartners.com/ > Investor Relations > Events & Presentations.
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