Farmland Partners (FPI) Misses Q1 EPS by 3c, Beats on Revenues

Farmland Partners (NYSE: FPI) reported Q1 EPS of ($0.08), $0.03 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $11.2 million versus the consensus estimate of $10.96 million.

First Quarter 2018 Highlights

• Reported total operating revenues of $11.2 million, a 57% increase over the same period in 2017
• Reported operating income of $4.8 million, a 581% increase over the same period in 2017
• Reported a basic net loss to common stockholders of $0.08 per share
• Reported Adjusted EBITDAre of $7.5 million, a 90% increase over the same period in 2017
• Reported AFFO per share of $0.00
• Repurchased $6.5 million in shares of common stock at a weighted average price of $8.36
• Completed $26.8 million of farm acquisitions

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

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