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Farmland Partners up nearly 8% after topping estimates

Jul. 20, 2017 12:20 PM ETFarmland Partners Inc. (FPI) StockFPIBy: Stephen Alpher, SA News Editor1 Comment
  • 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)

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