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v3.25.4

Real Estate (Details) $ in Millions |  |  | 12 Months Ended
--- | --- | --- | ---
Dec. 11, 2025 property shares | Oct. 16, 2024 USD ($) a property | Dec. 31, 2025 USD ($) property | Dec. 31, 2024 USD ($) property
Repurchase Options |  |  |  |
Number of properties sold | property |  | 54 |  |
Disposal group |  |  |  |
Repurchase Options |  |  |  |
Gain on sale |  |  |  | $ 49.0
Net income before income tax benefit attributable to disposed portfolio |  |  |  | $ 8.5
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal, Statement of Income or Comprehensive Income [Extensible Enumeration] |  |  |  | Gain (Loss) on Disposition of Assets
Net income |  |  |  | $ 8.3
Series A preferred units |  |  |  |
Repurchase Options |  |  |  |
Number of properties exchanged | property | 23 |  |  |
Cancelled shares | shares | 31,000 |  |  |
Corn Belt and Delta and South regions |  |  |  |
Repurchase Options |  |  |  |
Number of properties acquired | property |  |  |  | 4
Aggregate purchase price |  |  |  | $ 17.9
Intangible assets |  |  |  | $ 0.0
Corn Belt region |  |  |  |
Repurchase Options |  |  |  |
Number of properties acquired | property |  |  | 6 |
Aggregate purchase price |  |  | $ 7.3 |
Intangible assets |  |  | $ 0.0 |
Corn Belt, Delta and South, High Plains and West Coast regions |  |  |  |
Repurchase Options |  |  |  |
Number of properties sold | property |  |  | 60 |
Corn Belt, Delta and South, High Plains and Southeast regions |  |  |  |
Repurchase Options |  |  |  |
Number of properties sold | property |  |  |  | 54
Disposition of real estate |  |  |  | $ 312.0
Aggregate gain on sale |  |  |  | 54.1
Deferred gain on sale |  |  |  | $ 2.1
Farmland Reserve |  |  |  |
Repurchase Options |  |  |  |
Number of properties sold | property |  | 46 |  |
Area of real estate property sold | a |  | 41,554 |  |
Proceeds from sale of real estate |  | $ 289.0 |  |

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