Farmland Partners (FPI) Tops Q1 EPS by 5c, Revenues Beat

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Farmland Partners Inc. Reports First Quarter 2021 Results

May 13, 2021 7:00 AM EDT

DENVER, May 13, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE: FPI) ("FPI" or the "Company") today reported financial results for the quarter ended March 31, 2021.

Selected Q1 2021 Highlights

During the quarter ended March 31, 2021, the Company:

recorded net income of $2.5 million, $5.0 million excluding litigation-related legal expenses1; recorded AFFO of -$1.6 million, $0.9 million excluding litigation-related legal expenses; completed two acquisitions, for total consideration of $2.9 million; completed 14 dispositions, for total consideration of $28.5 million, total gain on sale of $3.4 million; reduced debt by $20 million;... More