Farmland Partners beats Q2 AFFO estimates

Farmland Partners

23/07/2025 21:21

Overview

Farmland Partners reports Q2 net income of $7.8 mln vs loss last year

Adjusted FFO beats analyst expectations, per LSEG data

Co repurchased 2.1 mln shares, reduced debt by $23 mln

Outlook

Company maintains 2025 AFFO per share earnings guidance unchanged

Result Drivers

ASSET SALES - Co recognized $24.2 mln gain from sale of 32 properties, enhancing financial results

SHARE REPURCHASES - Proceeds from asset sales used to repurchase 2.1 mln shares, reducing share count

IMPAIRMENTS - Recorded $16.8 mln impairments on California properties due to crop and water issues

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Operating Revenue
$9.96 mln
Q2 EPS
$0.15
Q2 Net Income
$7.79 mln
Q2 Adjusted FFO
Beat
$1.30 mln
$0.04 (3 Analysts)
Q2 Dividend
$0.06


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy"

Wall Street's median 12-month price target for Farmland Partners Inc is $11.75, about 3.9% above its July 22 closing price of $11.29

The stock recently traded at 62 times the next 12-month earnings vs. a P/E of 100 three months ago

Press Release: ID:nBw4H62Pma

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)