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 EDTDENVER, 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