Farmland Partners (NYSE: FPI) reported Q3 EPS of ($0.09), $0.03 worse than the analyst estimate of ($0.06). Revenue for the quarter came in at $10.6 million versus the consensus estimate of $10.58 million.

"This was a relatively good quarter compared to the same period last year, demonstrating the strength and stability of farmland as an asset class in both good times and bad," said Paul A. Pittman, the Company's Chairman and CEO. "We continue to believe that we trade at a significant discount to NAV based on management's estimates, which range from a book value of approximately $9.50 per share, to almost $14 per share based on appreciating assets according to state-level USDA Land Values survey data, up to a high of almost $18 per share based on estimated cap rates in our markets. Based on these NAV estimates, we believe that the NAV of our common stock is in the $13-$15 per share range."

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