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Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
OPERATING REVENUES    
Rental income $ 43,693 $ 48,119
Total operating revenues 50,689 53,564
OPERATING EXPENSES    
Depreciation and depletion 7,972 8,320
Property operating expenses 7,350 7,897
Cost of goods sold 3,387 927
Acquisition and due diligence costs 11 6
General and administrative expenses 5,896 6,102
Legal and accounting 3,742 3,971
Other operating expenses 2 4
Total operating expenses 28,360 27,227
OPERATING INCOME 22,329 26,337
OTHER (INCOME) EXPENSE:    
Other income 111 (260)
(Gain) loss on disposition of assets (2,989) (7,841)
Interest expense 17,677 19,588
Total other expense 14,799 11,487
Net income before income tax expense 7,530 14,850
Income tax expense 0 0
NET INCOME 7,530 14,850
Net income attributable to non-controlling interest in operating partnership (411) (964)
Net income attributable to the Company 7,119 13,886
Nonforfeitable distributions allocated to unvested restricted shares (64) (77)
Net (loss) income available to common stockholders of Farmland Partners Inc. $ (5,279) $ 1,324
Basic and diluted per common share data:    
Basic net (loss) income available to common stockholders $ (0.18) $ 0.04
Diluted net (loss) income available to common stockholders (0.18) 0.04
Distributions declared per common share $ 0.2000 $ 0.2000
Basic weighted average common shares outstanding (in shares) 29,376 30,169
Diluted weighted average common shares outstanding (in shares) 29,376 30,169
Tenant reimbursements    
OPERATING REVENUES    
Revenue $ 3,637 $ 3,146
Crop Sales    
OPERATING REVENUES    
Revenue 1,902 978
Other revenue    
OPERATING REVENUES    
Revenue 1,457 1,321
Preferred Unit    
OTHER (INCOME) EXPENSE:    
Distributions on redeemable non-controlling interests in operating partnership, preferred units $ (12,334) $ (12,485)