EarningsQ3 2026 Earnings Report
DE:0FA Q3 2026 EPS Results
Actual EPS-€0.32
Consensus EPS<€0.01
Beat/MissMissed by -€0.33
One Year Ago EPS€0.00
DE:0FA Q3 2026 Revenue Results
Actual Revenue€8.73M
Expected Revenue€5.34M
Beat/MissBeat by +€3.38M
YoY Revenue Growth-13.10%
Earnings Announcement Details
QuarterQ3 2026
Date10/28/2026
TimeAfter Close
Conference CallWednesday, October 28, 2026
DE:0FA Upcoming Earnings
Farmland's next earnings date is estimated for February 24, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
DE:0FA Q3 2026 Earnings Call
0:00 / 0:00
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
Earnings Call Sentiment|Negative
The call presented a strong and resilient core Midwest farmland portfolio, continued share repurchases, available credit capacity and positive lease renewal results so far. However, management characterized the quarter as tough, with a $15.5 million net loss, negative AFFO, a $12 million California impairment, increased credit loss and litigation reserves, a 10-cent reduction in AFFO per share guidance, and ongoing uncertainty around a $51 million borrower exposure. The negative earnings trends and credit and litigation issues outweighed the operational and portfolio strengths.Company Guidance
Core Midwest Portfolio Remains Strong
Management said the underlying core value of the portfolio, which is becoming increasingly concentrated in the Midwest, is incredibly strong, with the core portfolio continuing to perform very well.
Resilient Farmland Asset Class
Management emphasized its strong belief in the farmland asset class and described it as resilient despite a difficult year for farmers.
Lease Renewals Are Flat to Slightly Higher
Approximately one-third of the lease renewal process was complete, with renewals so far running relatively flat to slightly up. Management noted that it remains too early to determine the aggregate outcome.
Share Repurchase Activity
The company purchased approximately 1.7 million shares during the quarter at an average price of $10.32, citing its stock's significant discount to NAV as an attractive farmland acquisition opportunity.
Potential Extension of Repurchase Authorization
Management said it was reasonable to assume that the board would renew the existing share repurchase authorization, which was nearly fully utilized during the quarter.
Higher Oil and Gas Royalties and Interest Income
Revenue benefited from higher receipts from oil and gas royalties and higher interest income, the latter due to a higher average balance on loans under the FPI Loan Program and financing receivables.
Significant Credit Facility Capacity
The company had approximately $107 million of undrawn capacity on its lines of credit at the end of the third quarter of 2026.
Favorable Appellate Ruling in Sabrepoint Litigation
Management described the Texas appellate ruling in the Sabrepoint case as incredibly strong and said the company's claims will be allowed to proceed. Management also expressed hope that the matter could eventually be settled.
Loan Collateral and Collections Efforts
Management said there was significant collateral behind the troubled loan, including traditional real estate collateral, other collateral and guarantees. The borrower made payments during the quarter and caught up on some interest, while the company said it would continue working to collect the full amount.
DE:0FA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed