$FPI
Farmland Partners Inc

2023 Q3 Form 10-Q Financial Statement

#000155837023012406 Filed on July 27, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $11.62M $11.58M
YoY Change -11.59% -6.26%
Cost Of Revenue $2.800M $3.408M
YoY Change -26.08% 0.5%
Gross Profit $8.820M $8.176M
YoY Change -6.69% -8.81%
Gross Profit Margin 75.92% 70.58%
Selling, General & Admin $3.050M $3.185M
YoY Change 4.74% -16.62%
% of Gross Profit 34.58% 38.96%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.904M $2.207M
YoY Change 14.35% 32.95%
% of Gross Profit 21.59% 26.99%
Operating Expenses $11.60M $5.419M
YoY Change 37.87% -39.13%
Operating Profit $15.00K $2.757M
YoY Change -99.68% -20.2%
Interest Expense $6.230M -$5.839M
YoY Change 60.11% -256.0%
% of Operating Profit 41533.33% -211.79%
Other Income/Expense, Net $4.109M -$75.00K
YoY Change -215.0% -79.51%
Pretax Income $4.124M $7.903M
YoY Change 257.99% 155.84%
Income Tax -$191.0K $4.000K
% Of Pretax Income -4.63% 0.05%
Net Earnings $4.210M $7.001M
YoY Change 284.83% 140.09%
Net Earnings / Revenue 36.24% 60.44%
Basic Earnings Per Share $0.07 $0.14
Diluted Earnings Per Share $0.07 $0.12
COMMON SHARES
Basic Shares Outstanding 48.84M 51.91M
Diluted Shares Outstanding 48.43M 59.11M

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.100M $11.23M
YoY Change -31.22% -42.99%
Cash & Equivalents $6.057M $9.056M
Short-Term Investments
Other Short-Term Assets $600.0K $1.381M
YoY Change -52.23% -16.56%
Inventory $3.300M $2.752M
Prepaid Expenses
Receivables $5.600M $1.701M
Other Receivables $0.00 $0.00
Total Short-Term Assets $15.60M $17.06M
YoY Change -21.53% -36.26%
LONG-TERM ASSETS
Property, Plant & Equipment $1.016B $1.075B
YoY Change -6.86% -0.69%
Goodwill $2.706M $2.706M
YoY Change 0.0% 0.0%
Intangibles $2.040M $2.045M
YoY Change -0.97% 6.96%
Long-Term Investments $4.118M $4.289M
YoY Change -0.75% 3.4%
Other Assets $6.300M $30.00K
YoY Change 7141.38% -81.93%
Total Long-Term Assets $1.053B $1.108B
YoY Change -4.95% 0.9%
TOTAL ASSETS
Total Short-Term Assets $15.60M $17.06M
Total Long-Term Assets $1.053B $1.108B
Total Assets $1.069B $1.125B
YoY Change -5.25% 0.02%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $15.10M $14.48M
YoY Change -3.56% 10.93%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $18.10M $17.49M
YoY Change -4.69% 7.36%
LONG-TERM LIABILITIES
Long-Term Debt $420.5M $471.0M
YoY Change 2.97% 10.97%
Other Long-Term Liabilities $100.0K $1.141M
YoY Change -9.91% -13.36%
Total Long-Term Liabilities $420.6M $472.2M
YoY Change 2.97% 10.9%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.10M $17.49M
Total Long-Term Liabilities $420.6M $472.2M
Total Liabilities $438.6M $603.4M
YoY Change 2.6% 36.48%
SHAREHOLDERS EQUITY
Retained Earnings $14.83M $11.37M
YoY Change -777.66% -562.87%
Common Stock $580.9M $587.2M
YoY Change -10.29% -5.94%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $516.0M $522.0M
YoY Change
Total Liabilities & Shareholders Equity $1.069B $1.125B
YoY Change -5.25% 0.02%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $4.210M $7.001M
YoY Change 284.83% 140.09%
Depreciation, Depletion And Amortization $1.904M $2.207M
YoY Change 14.35% 32.95%
Cash From Operating Activities -$3.660M -$6.445M
YoY Change -1250.94% 244.47%
INVESTING ACTIVITIES
Capital Expenditures $12.73M $10.36M
YoY Change -239.17% -147.33%
Acquisitions
YoY Change
Other Investing Activities $72.36M $44.40M
YoY Change -96580.0% 236.16%
Cash From Investing Activities $59.62M $34.04M
YoY Change -746.5% -491.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -61.13M -28.59M
YoY Change 3077.23% -302.08%
NET CHANGE
Cash From Operating Activities -3.660M -6.445M
Cash From Investing Activities 59.62M 34.04M
Cash From Financing Activities -61.13M -28.59M
Net Change In Cash -5.170M -1.001M
YoY Change -52.25% -127.84%
FREE CASH FLOW
Cash From Operating Activities -$3.660M -$6.445M
Capital Expenditures $12.73M $10.36M
Free Cash Flow -$16.39M -$16.81M
YoY Change -273.16% -183.95%

Facts In Submission

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DistributionsOnPreferredUnitsAndPreferredStock
1485000
fpi Distributions On Preferred Units And Preferred Stock
DistributionsOnPreferredUnitsAndPreferredStock
1680000
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7001000
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2060000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7858000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2310000
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50860000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50362000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52425000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48084000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59112000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50362000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52425000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48084000
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.06
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.06
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.12
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.11
CY2023Q2 us-gaap Profit Loss
ProfitLoss
7899000
CY2022Q2 us-gaap Profit Loss
ProfitLoss
2993000
us-gaap Profit Loss
ProfitLoss
9612000
us-gaap Profit Loss
ProfitLoss
4131000
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Reclassification For Discontinuance Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeReclassificationForDiscontinuanceBeforeTax
-141000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Reclassification For Discontinuance Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeReclassificationForDiscontinuanceBeforeTax
-198000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Reclassification For Discontinuance Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeReclassificationForDiscontinuanceBeforeTax
-313000
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
589000
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
330000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
8000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
1265000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
8488000
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
3464000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
9818000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
5709000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
188000
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
77000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
226000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
110000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
8300000
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
3387000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
9592000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
5599000
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
594004000
CY2023Q1 fpi Income Loss From Continuing Operations Before Income Taxes And Redeemable Non Controlling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesAndRedeemableNonControllingInterest
1714000
CY2023Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
54000
CY2023Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
36000
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
405000
CY2023Q1 us-gaap Dividends
Dividends
4062000
CY2023Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-383000
CY2023Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
14592000
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
577104000
CY2023Q2 fpi Income Loss From Continuing Operations Before Income Taxes And Redeemable Non Controlling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesAndRedeemableNonControllingInterest
7898000
CY2023Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
33000
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
473000
CY2023Q2 us-gaap Dividends
Dividends
3786000
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
589000
CY2023Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
47097000
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
535214000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
472076000
CY2022Q1 fpi Income Loss From Continuing Operations Before Income Taxes And Redeemable Non Controlling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesAndRedeemableNonControllingInterest
1139000
CY2022Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
38293000
CY2022Q1 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
185000
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
642000
CY2022Q1 us-gaap Dividends
Dividends
3374000
CY2022Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
1107000
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
509698000
CY2022Q2 fpi Income Loss From Continuing Operations Before Income Taxes And Redeemable Non Controlling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesAndRedeemableNonControllingInterest
2992000
CY2022Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
60149000
CY2022Q2 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
1000
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
185000
CY2022Q2 us-gaap Dividends
Dividends
4099000
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
471000
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
569395000
us-gaap Profit Loss
ProfitLoss
9612000
us-gaap Profit Loss
ProfitLoss
4131000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4001000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3411000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
331000
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
176000
fpi Amortization Of Borrower Paid Points And Direct Costs Related To Note Receivable
AmortizationOfBorrowerPaidPointsAndDirectCostsRelatedToNoteReceivable
-11000
fpi Amortization Of Borrower Paid Points And Direct Costs Related To Note Receivable
AmortizationOfBorrowerPaidPointsAndDirectCostsRelatedToNoteReceivable
-16000
us-gaap Share Based Compensation
ShareBasedCompensation
878000
us-gaap Share Based Compensation
ShareBasedCompensation
827000
fpi Stock Based Incentive Expense
StockBasedIncentiveExpense
417000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
12886000
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
3995000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-22000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
15000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
15000
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
24000
us-gaap Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
53000
us-gaap Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
167000
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-162000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-5587000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2262000
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
53000
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
-1000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1826000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-1212000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-56000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-96000
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
946000
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
239000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-2612000
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-2086000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
1607000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
1329000
us-gaap Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
22000
us-gaap Increase Decrease In Property And Other Taxes Payable
IncreaseDecreaseInPropertyAndOtherTaxesPayable
96000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
9394000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8438000
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
9003000
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
28164000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
2592000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
2672000
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
705000
us-gaap Proceeds From Collection Of Finance Receivables
ProceedsFromCollectionOfFinanceReceivables
7000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
386000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
387000
us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
2135000
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
us-gaap Proceeds From Collection Of Finance Receivables
ProceedsFromCollectionOfFinanceReceivables
1577000
fpi Proceeds From Upfront Points Paid By Borrower
ProceedsFromUpfrontPointsPaidByBorrower
60000
us-gaap Payments For Proceeds From Loans Receivable
PaymentsForProceedsFromLoansReceivable
3500000
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
51537000
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
16901000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
39949000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-16503000
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
68001000
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
112000000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
33968000
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
198942000
fpi Proceeds From At Market Offering
ProceedsFromAtMarketOffering
98403000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
87000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
39000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
61689000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
197000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
244000
us-gaap Payments For Hedge Financing Activities
PaymentsForHedgeFinancingActivities
73000
us-gaap Payments For Hedge Financing Activities
PaymentsForHedgeFinancingActivities
73000
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
8100000
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
5058000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
6436000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
4702000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
36000
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
186000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
3210000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
3510000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
148000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
136000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-45769000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2409000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
3574000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-10474000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
7654000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
30171000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11228000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19697000
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9056000
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
19697000
CY2023Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2172000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
11228000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19697000
us-gaap Interest Paid Net
InterestPaidNet
9955000
us-gaap Interest Paid Net
InterestPaidNet
7044000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
437000
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
92000
fpi Swap Fees Payable Included In Accrued Interest
SwapFeesPayableIncludedInAccruedInterest
146000
fpi Swap Fees Payable Included In Accrued Interest
SwapFeesPayableIncludedInAccruedInterest
146000
us-gaap Noncash Or Part Noncash Acquisition Other Liabilities Assumed1
NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1
49000
fpi Deferred Offering Costs Amortized Through Equity In Period
DeferredOfferingCostsAmortizedThroughEquityInPeriod
52000
CY2023Q2 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
159200
fpi Number Of Agriculture Equipment Dealerships Included In Purchase Of Land And Buildings
NumberOfAgricultureEquipmentDealershipsIncludedInPurchaseOfLandAndBuildings
4
fpi Area Of Real Estate Property For Which Company Serves As Property Manager
AreaOfRealEstatePropertyForWhichCompanyServesAsPropertyManager
31000
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><i style="font-style:italic;">Use of Estimates</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt;">The preparation of financial statements in accordance with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could materially differ from those estimates for a variety of reasons, including, without limitation, the impacts of public health crises, the war in Ukraine, substantially higher prices for oil and gas and substantially increased interest rates, and their effects on the domestic and global economies. We are unable to quantify the ultimate impact of these factors on our business.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="visibility:hidden;">​</span></p>
CY2023Q2 us-gaap Notes And Loans Payable Current
NotesAndLoansPayableCurrent
471000000.0
CY2023Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1100000000
fpi Capacity Amount Available Effective Shelf Registration
CapacityAmountAvailableEffectiveShelfRegistration
100000000
CY2023Q2 us-gaap Restricted Cash
RestrictedCash
2200000
CY2022Q4 us-gaap Restricted Cash
RestrictedCash
0.0
CY2022Q4 fpi Number Of Agriculture Equipment Dealerships Included In Purchase Of Land And Buildings
NumberOfAgricultureEquipmentDealershipsIncludedInPurchaseOfLandAndBuildings
4
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
0
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
0
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
0
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
0
CY2023Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
100000
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
100000
CY2023Q2 fpi Agricultural Related Cost Of Harvested Crop
AgriculturalRelatedCostOfHarvestedCrop
1000000.0
CY2022Q2 fpi Agricultural Related Cost Of Harvested Crop
AgriculturalRelatedCostOfHarvestedCrop
1300000
fpi Agricultural Related Cost Of Harvested Crop
AgriculturalRelatedCostOfHarvestedCrop
1900000
fpi Agricultural Related Cost Of Harvested Crop
AgriculturalRelatedCostOfHarvestedCrop
2800000
CY2023Q2 fpi Agricultural Related Inventory Harvested Crop
AgriculturalRelatedInventoryHarvestedCrop
1403000
CY2023Q2 us-gaap Agricultural Related Inventory Growing Crops
AgriculturalRelatedInventoryGrowingCrops
1349000
CY2022Q4 us-gaap Agricultural Related Inventory Growing Crops
AgriculturalRelatedInventoryGrowingCrops
2808000
CY2023Q2 us-gaap Agricultural Related Inventory
AgriculturalRelatedInventory
2752000
CY2022Q4 us-gaap Agricultural Related Inventory
AgriculturalRelatedInventory
2808000
us-gaap Derivatives Methods Of Accounting Hedge Effectiveness
DerivativesMethodsOfAccountingHedgeEffectiveness
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><i style="font-style:italic;">Hedge Accounting</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="font-style:italic;visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt;">ASC 815 requires the Company to recognize all of its derivative instruments as either assets or liabilities in the consolidated balance sheet at fair value. The accounting for changes in the fair value (i.e., gains or losses) of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship and, further, on the type of hedging relationship. For those derivative instruments that are designated and qualify as hedging instruments, the company must designate the hedging instrument, based upon the exposure being hedged, as a fair value hedge, cash flow hedge or a hedge of a net investment in a foreign operation. For derivative instruments not designated as hedging instruments, the gain or loss is recognized in the consolidated statements of operations during the reporting period.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt;">The Company manages economic risks, including interest rate, liquidity, and credit risk, by managing the amount, sources, duration and interest rate exposure of its funding. The Company may also use interest rate derivative financial instruments, namely interest rate swaps.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt;">The Company may enter into marketing contracts to sell commodities. Derivatives and hedge accounting guidance requires a company to evaluate these contracts to determine whether the contracts are derivatives. Certain contracts that meet the definition of a derivative may be exempt from derivative accounting if designated as normal purchase or normal sales. The Company evaluates all contracts at inception to determine if they are derivatives and if they meet the normal purchase and normal sale designation requirements. </p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:18pt;margin:0pt;">The Company has in place one interest rate swap agreement with Rabobank to add stability to interest expense and to manage its exposure to interest rate movements. This agreement qualifies as a cash flow hedge and is actively evaluated for ongoing effectiveness (see “Note 10—Hedge Accounting”). The entire change in the fair value of the Company’s designated cash flow hedges is recorded to accumulated other comprehensive income, a component of stockholders’ equity in the Company’s consolidated balance sheets.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt;"><span style="visibility:hidden;">​</span></p>
CY2023Q2 us-gaap Deferred Revenue
DeferredRevenue
1100000
CY2023Q2 fpi Operating Lease Lease Income Beginning Of Year
OperatingLeaseLeaseIncomeBeginningOfYear
9024000
CY2022Q2 fpi Operating Lease Lease Income Beginning Of Year
OperatingLeaseLeaseIncomeBeginningOfYear
7798000
fpi Operating Lease Lease Income Beginning Of Year
OperatingLeaseLeaseIncomeBeginningOfYear
18445000
fpi Operating Lease Lease Income Beginning Of Year
OperatingLeaseLeaseIncomeBeginningOfYear
15549000
CY2023Q2 fpi Operating Lease Lease Income Amended During Year
OperatingLeaseLeaseIncomeAmendedDuringYear
365000
CY2022Q2 fpi Operating Lease Lease Income Amended During Year
OperatingLeaseLeaseIncomeAmendedDuringYear
1398000
fpi Operating Lease Lease Income Amended During Year
OperatingLeaseLeaseIncomeAmendedDuringYear
632000
fpi Operating Lease Lease Income Amended During Year
OperatingLeaseLeaseIncomeAmendedDuringYear
3192000
CY2023Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
9389000
CY2022Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
9196000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
19077000
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
18741000
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
17241000
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
25641000
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
14194000
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
7332000
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
5243000
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LessorOperatingLeasePaymentsToBeReceivedThereafter
36981000
CY2023Q2 us-gaap Lessor Operating Lease Payments To Be Received
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106632000
CY2023Q2 fpi Agricultural Related Revenue Of Harvested Crop
AgriculturalRelatedRevenueOfHarvestedCrop
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AgriculturalRelatedRevenueOfHarvestedCrop
1200000
fpi Agricultural Related Revenue Of Harvested Crop
AgriculturalRelatedRevenueOfHarvestedCrop
900000
fpi Agricultural Related Revenue Of Harvested Crop
AgriculturalRelatedRevenueOfHarvestedCrop
1800000
fpi Number Of Properties Acquired
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0
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NumberOfPropertiesAcquired
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us-gaap Business Combination Consideration Transferred1
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CY2022Q2 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangible Assets Other Than Goodwill
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibleAssetsOtherThanGoodwill
0
fpi Number Of Real Estate Property Sold
NumberOfRealEstatePropertySold
19
us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
51500000
us-gaap Gain Loss On Disposition Of Real Estate Discontinued Operations
GainLossOnDispositionOfRealEstateDiscontinuedOperations
12900000
us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
51500000
CY2023Q2 us-gaap Restricted Cash
RestrictedCash
2200000
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NumberOfRealEstatePropertySold
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us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
16900000
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GainLossOnDispositionOfRealEstateDiscontinuedOperations
4000000.0
CY2022Q4 fpi Number Of Agriculture Equipment Dealerships Included In Purchase Of Land And Buildings
NumberOfAgricultureEquipmentDealershipsIncludedInPurchaseOfLandAndBuildings
4
CY2022Q4 us-gaap Lessor Sales Type Lease Renewal Term1
LessorSalesTypeLeaseRenewalTerm1
P20Y
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0615
CY2023Q2 us-gaap Interest Receivable
InterestReceivable
53000
CY2022Q4 us-gaap Interest Receivable
InterestReceivable
2000
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
92000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
92000
CY2023Q2 fpi Notes And Interest Receivable Net
NotesAndInterestReceivableNet
21978000
CY2022Q4 fpi Notes And Interest Receivable Net
NotesAndInterestReceivableNet
21921000
CY2022Q1 fpi Number Of Loans
NumberOfLoans
2
CY2022Q4 fpi Number Of Agriculture Equipment Dealerships Included In Purchase Of Land And Buildings
NumberOfAgricultureEquipmentDealershipsIncludedInPurchaseOfLandAndBuildings
4
CY2022Q4 us-gaap Lessor Sales Type Lease Renewal Term1
LessorSalesTypeLeaseRenewalTerm1
P20Y
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
0
CY2022Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
0
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
0
CY2023Q2 us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
0
CY2023Q2 us-gaap Notes Receivable Gross
NotesReceivableGross
22070000
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
92000
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NotesReceivableNet
21978000
fpi Percentage Of Amortized Cost On Financing Receivable Allowance For Credit Loss
PercentageOfAmortizedCostOnFinancingReceivableAllowanceForCreditLoss
0.0042
CY2022Q4 us-gaap Notes Receivable Gross
NotesReceivableGross
22013000
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
92000
CY2022Q4 us-gaap Notes Receivable Net
NotesReceivableNet
21921000
CY2022 fpi Percentage Of Amortized Cost On Financing Receivable Allowance For Credit Loss
PercentageOfAmortizedCostOnFinancingReceivableAllowanceForCreditLoss
0.0042
CY2022Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
92000
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
92000
CY2023Q2 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
15700000
CY2022Q4 us-gaap Notes Receivable Fair Value Disclosure
NotesReceivableFairValueDisclosure
19600000
CY2023Q2 us-gaap Secured Debt
SecuredDebt
473521000
CY2022Q4 us-gaap Secured Debt
SecuredDebt
439488000
CY2023Q2 us-gaap Debt Instrument Collateral Amount
DebtInstrumentCollateralAmount
1051585000
CY2023Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2479000
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
2613000
CY2023Q2 fpi Secured Debt Net
SecuredDebtNet
471042000
CY2022Q4 fpi Secured Debt Net
SecuredDebtNet
436875000
CY2023Q2 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
1600000
CY2022Q4 us-gaap Accumulated Amortization Deferred Finance Costs
AccumulatedAmortizationDeferredFinanceCosts
1200000
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
2100000
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
100587000
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
84603000
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
109704000
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
176527000
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
473521000
CY2023Q2 us-gaap Lease Cost
LeaseCost
70000.00
CY2022Q2 us-gaap Lease Cost
LeaseCost
60000.00
us-gaap Lease Cost
LeaseCost
130000
us-gaap Lease Cost
LeaseCost
120000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
96000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
247000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
205000
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
548000
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
39000
CY2023Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
509000
CY2023Q2 fpi Net Book Value Of Assets With Unexercised Options
NetBookValueOfAssetsWithUnexercisedOptions
5100000
CY2023Q2 fpi Net Book Value Of Assets With Exercised Repurchase Options
NetBookValueOfAssetsWithExercisedRepurchaseOptions
15800000
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.0600
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.0600
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.1200
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.0500
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.0500
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.1000
CY2022Q2 fpi Stock Offering Authorized Amount
StockOfferingAuthorizedAmount
100000000.0
CY2023Q2 us-gaap Deferred Offering Costs
DeferredOfferingCosts
0.00
CY2022Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
60000.00
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
7711000
CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
2916000
us-gaap Net Income Loss
NetIncomeLoss
9386000
us-gaap Net Income Loss
NetIncomeLoss
4021000
CY2023Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
27000
CY2022Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
16000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
43000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
31000
CY2023Q2 fpi Redeemable Non Controlling Interest Temporary Equity Dividends Accrued
RedeemableNonControllingInterestTemporaryEquityDividendsAccrued
-683000
CY2022Q2 fpi Redeemable Non Controlling Interest Temporary Equity Dividends Accrued
RedeemableNonControllingInterestTemporaryEquityDividendsAccrued
-840000
fpi Redeemable Non Controlling Interest Temporary Equity Dividends Accrued
RedeemableNonControllingInterestTemporaryEquityDividendsAccrued
-1485000
fpi Redeemable Non Controlling Interest Temporary Equity Dividends Accrued
RedeemableNonControllingInterestTemporaryEquityDividendsAccrued
-1680000
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7001000
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2060000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
7858000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2310000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50860000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
50362000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
52425000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
48084000
CY2023Q2 fpi Incremental Common Shares Attributable To Redeemable Noncontrolling Interest
IncrementalCommonSharesAttributableToRedeemableNoncontrollingInterest
8252000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59112000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
50362000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
52425000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
48084000
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.05
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.05
CY2023Q2 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
50188
CY2022Q4 us-gaap Partners Capital Account Units
PartnersCapitalAccountUnits
55555
CY2022Q4 fpi Accumulated Derivative Instrument Gain Loss
AccumulatedDerivativeInstrumentGainLoss
3306000
CY2021Q4 fpi Accumulated Derivative Instrument Gain Loss
AccumulatedDerivativeInstrumentGainLoss
279000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
8000
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
2433000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Reclassification For Discontinuance Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeReclassificationForDiscontinuanceBeforeTax
-198000
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Reclassification For Discontinuance Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeReclassificationForDiscontinuanceBeforeTax
-594000
CY2023Q2 fpi Accumulated Derivative Instrument Gain Loss
AccumulatedDerivativeInstrumentGainLoss
3512000
CY2022Q4 fpi Accumulated Derivative Instrument Gain Loss
AccumulatedDerivativeInstrumentGainLoss
3306000
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.2100
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0220
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.0343
us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.2455
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.1813
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.0135
CY2022 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.0630

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