- Prior to last night's Q2 report, the stock had been down 20% for the year - mostly since May - suggesting plenty of bad news already baked in. The American Farmland purchase took place in Q1, so Q2 and the rest of the year should reflect the positives from that.
- Q2 adjusted FFO of $3.7M or $0.10 per share was up from $1.2M and $0.06 a year earlier. Adjusted EBITDA of $8.1M up from $4M.
- FPI +7.6% on the session.
- Previously: Farmland Partners beats by $0.01, beats on revenue (July 19)
Farmland Partners up nearly 8% after topping estimates
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Symbol | Last Price | % Chg |
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FPI | - | - |
Farmland Partners Inc. |