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Stock impact report

Farmland Partners Inc. Reports First Quarter 2024 Results [Yahoo! Finance]

Farmland Partners Inc. (FPI) 
NASDAQ:AMEX Investor Relations: ir.farmlandpartners.com
Company Research Source: Yahoo! Finance
Selected Highlights During the quarter ended March 31, 2024, the Company: recorded net income of $1.4 million, or $0.01 per share available to common stockholders, compared to $1.7 million, or $0.02 per share available to common stockholders for the same period in 2023; recorded AFFO of $2.8 million, or $0.06 per share, compared to $1.6 million, or $0.03 per share, for the same period in 2023; had average gross book value of real estate of $1.00 billion compared to $1.14 billion for the same period in 2023, a decrease of 12.2% as a result of dispositions that occurred during 2023, while total operating revenues decreased $0.7 million or 5.4%; recognized a decrease of approximately $1.0 million, or 12.7% in total operating expenses compared to the same period in 2023; increased the bottom and top end of 2024 AFFO guidance range to $0.19 to $0.26 from $0.15 to $0.23; and completed acquisitions of three properties for total consideration of $16.3 million. CEO Comments Show less Read more
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