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Farmland Partners FPI Solar Wind And Recreation Rent — Operating Lease Lease Income

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Other financials

Income statement

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Revenue$10.1M-1.5%
Operating income$15.0K-99.7%
Net income$640.0K-68.6%
EPS (diluted)$0.01-66.7%

Balance sheet

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Cash & equivalents$17.7M-18.1%
Total debt$125.0K-25.1%
Total assets$711.7M-12.2%

Cash flow

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Operating cash flow$8.2M+29.5%
CapEx$41.0K-85.6%
Free cash flow$8.2M+34.9%

Valuation

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Market cap$424.09M-10.5%
Enterprise value$406.47M-4.0%
P/E14.1×+7.5×
P/S8.2×-0.5×

Profitability

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Operating margin34.8%-5.3pp
Net margin57.9%-52.0pp
FCF margin40.4%

Where this comes from

Reported directly by Farmland Partners in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseLeaseIncome.

The source filing: Farmland Partners’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:07 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001104659-26-052874
(in thousands)For the three months ended / March 31, 2026For the three months ended / March 31, 2025
Fixed Farm Rent$$4,7624,819
Solar, Wind and Recreation Rent9841,548
Tenant Reimbursements551603
Variable Rent
$$6,2976,970

Item 1. Financial Statements

FAQ

What is Farmland Partners's solar wind and recreation rent — operating lease lease income?
Farmland Partners (FPI) reported solar wind and recreation rent — operating lease lease income of $984K in Q1 2026.
How has Farmland Partners's solar wind and recreation rent — operating lease lease income changed year-over-year?
Farmland Partners's solar wind and recreation rent — operating lease lease income decreased by 36.4% year-over-year, from $1.55M to $984K.
What is the long-term trend for Farmland Partners's solar wind and recreation rent — operating lease lease income?
Over 3 years (2022 to 2025), Farmland Partners's solar wind and recreation rent — operating lease lease income has grown at a 1.3% compound annual growth rate (CAGR), from $2.65M to $2.75M.
What does solar wind and recreation rent — operating lease lease income mean?
This metric represents the rental revenue generated from non-agricultural land usage, specifically including solar energy installations, wind energy projects, and recreational activities. It reflects the company's ability to diversify income streams beyond traditional crop production by leveraging its real estate portfolio for alternative utility and leisure purposes. Monitoring this income helps investors assess the stability and growth potential of secondary revenue sources within the land asset base.

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