What is Farmland Partners's redemption of preferred stock?

Farmland Partners (FPI) reported redemption of preferred stock of $68.2M in Q1 2026.

What does redemption of preferred stock mean?

Cash used to redeem (buy back) outstanding preferred stock, eliminating future dividend obligations.

Gladstone LandLAND

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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%

Cash & equivalents$17.7M-18.1%

Total debt$125.0K-25.1%

Total assets$711.7M-12.2%

Operating cash flow$8.2M+29.5%

CapEx$41.0K-85.6%

Free cash flow$8.2M+34.9%

Market cap$418.73M-19.2%

Enterprise value$401.11M-19.3%

P/E13.9×+5.5×

P/S8.1×-1.1×

Operating margin34.8%-5.3pp

Net margin57.9%-52.0pp

FCF margin40.4%—

Reported directly by Farmland Partners in its filing.

Tagged under the XBRL concept us-gaap:PaymentsForRepurchaseOfPreferredStockAndPreferenceStock.

The official record: Farmland Partners’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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What is Farmland Partners's redemption of preferred stock?: Farmland Partners (FPI) reported redemption of preferred stock of $68.2M in Q1 2026.
What does redemption of preferred stock mean?: Cash used to redeem (buy back) outstanding preferred stock, eliminating future dividend obligations.