 DENVER, May 13, 2021 PRNewswire -- Farmland Partners Inc. NYSE: FPI FPI or the Company today reported financial results for the quarter ended March 31, 2021. Selected Q1 2021 Highlights During the quarter ended March 31, 2021, the Company: recorded net income of 2.5 million, 5.0 million excluding litigation-related legal expenses1; recorded AFFO of -1.6 million, 0.9 million excluding litigation-related legal expenses; completed two acquisitions, for total consideration of 2.9 million; completed 14 dispositions, for total consideration of 28.5 million, total gain on sale of 3.4 million; reduced debt by 20 million; bought back 8,291 shares of Series B preferred stock at a weighted average price of 25.82 for an aggregate purchase price of 0.2 million; and grew the off-balance sheet asset management business to ten properties and 21.5 million of AUM. 