What does exchange of properties for preferred units mean?

Reflects the non-cash transaction value where real estate assets are exchanged for equity interests, specifically preferred units, in the company or its subsidiaries. This metric illustrates a strategic method of property acquisition that preserves cash by utilizing equity as consideration. It is a key indicator of the company's ability to expand its portfolio through non-dilutive or equity-based structures.

Farmland Partners FPI Exchange Of Properties For Preferred Units

Exchange Of Properties For Preferred Units at other companies

Sionna Therapeutics, Inc. Common StockSION

$0-100%

GCM Grosvenor Inc.GCMG

141.7M-1.8%

The Oncology Institute, Inc.TOI

$0-100%

Starwood Property TrustSTWD

$0—

Perella Weinberg PartnersPWP

$0-100%

ServiceTitan, Inc.TTAN

$348.97K—

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$418.73M-19.2%

Enterprise value$401.11M-19.3%

P/E13.9×+5.5×

P/S8.1×-1.1×

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 fpi:ExchangeOfPropertiesForPreferredUnits.

The official record: Farmland Partners’s 10-K, filed February 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Farmland Partners's exchange of properties for preferred units?: Farmland Partners (FPI) reported exchange of properties for preferred units of $7.75M in Q4 2025.
What does exchange of properties for preferred units mean?: Reflects the non-cash transaction value where real estate assets are exchanged for equity interests, specifically preferred units, in the company or its subsidiaries. This metric illustrates a strategic method of property acquisition that preserves cash by utilizing equity as consideration. It is a key indicator of the company's ability to expand its portfolio through non-dilutive or equity-based structures.