Farmland Partners (FPI) Misses Q2 EPS by 8c
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Farmland Partners Inc. Reports Second Quarter 2021 Results
August 4, 2021 5:05 PM EDTDENVER, Aug. 4, 2021 /PRNewswire/ -- Farmland Partners Inc. (NYSE: FPI) ("FPI" or the "Company") today reported financial results for the three and six months ended June 30, 2021.
Selected 2021 Highlights
During the six months ended June 30, 2021, the Company:
experienced strong farmland values with accelerating appreciation, especially in row crop regions; showed substantial increases in lease renewal rates so far, reflecting increased farmer profitability; recorded net income of $(0.4) million, $4.2 million excluding litigation-related items1, compared to $0.6 million, $1.4 million excluding litigation related items2 for the same period in 2020; recorded AFFO of $(5.3) million,... More