Farmland Partners: Q1 Earnings Snapshot
By AP News
Published - May 03, 2023, 07:30 PM ET
Last Updated - Jun 21, 2023, 11:09 PM EDT
DENVER (AP) — DENVER (AP) — Farmland Partners Inc. (FPI) on Wednesday reported a key measure of profitability in its first quarter. The results met Wall Street expectations.
The Denver-based real estate investment trust said it had funds from operations of $1.6 million, or 3 cents per share, in the period.
The average estimate of four analysts surveyed by Zacks Investment Research was for funds from operations of 3 cents per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.