Farmland Partners (FPI) Tops Q2 AFFO by 9c

Farmland Partners (NYSE: FPI) reported Q2 AFFO of $0.16, $0.09 better than the analyst estimate of $0.07. Revenue for the quarter came in at $2.88 million versus the consensus estimate of $3.28 million.

"During the second quarter of 2015, we increased our portfolio size by nearly 22,000 acres, including farms under contract, and generated AFFO per share of $0.16, which is our best quarterly performance to date," said Paul Pittman, the Company's CEO. "This was an outstanding quarter which was marked by tremendous growth, as we closed over $100 million in acquisitions across the country. We capped our record quarter by putting our first permanent crop farm under contract, while entering into a new region and state."

For earnings history and earnings-related data on Farmland Partners (FPI) click here.

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