Farmland Partners (NYSE: FPI) reported Q3 EPS of $0.02, $0.05 better than the analyst estimate of ($0.03). Revenue for the quarter came in at $12.6 million versus the consensus estimate of $12.76 million.

• Reported total operating revenues of $12.6 million, a 4.2% increase over the same period in 2017
• Reported operating income of $6.2 million, a 0.7% increase over the same period in 2017
• Reported a basic net income to common stockholders of $0.02 per share
• Reported AFFO per share of $0.02
• Completed farm dispositions totaling $29.9 million at a 11.4% gain relative to gross book value and 11.4% gain relative to net book value
• Repurchased $7.8 million in shares of common stock at a weighted average price of $6.65 and $0.1 million of Series B Participating Preferred Stock at a weighted average price of $23.44

"The Company is executing asset sales at notable gains relative to cost basis and is using a substantial portion of the proceeds to buy back its shares at a meaningful discount to their underlying private market value," said Paul A. Pittman, the Company's Chairman and CEO. "These asset sales at a gain to purchase price and share repurchases at a discount to NAV are creating shareholder value."

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