Farmland Partners Q2 AFFO slightly beats estimates

Farmland Partners

29/07/2026 21:27

Overview
U.S. farmland REIT's Q2 operating revenue fell 5.7% yr/yr
Q2 adjusted FFO rose 30.6% and slightly beat analyst expectations
Company raised low end of 2026 AFFO per share guidance

Outlook
Company raises low end of 2026 AFFO per share guidance to $0.31 from $0.30; top end remains at $0.35
Farmland Partners expects to continue evaluating asset disposals through year-end
Company says resilient farm economy supports outlook for strong remainder of 2026

Result Drivers
PORTFOLIO STREAMLINING - Co said efforts to create a leaner corporate structure and streamline core business led to improved operating profitability
ASSET DISPOSITIONS - Gains from property sales contributed to quarterly results
FARM ECONOMY - Co said a resilient farm economy aided performance of core business

Company press release: ID:nBwbNz2N5a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Operating Revenue
 
$9.40 mln
 
Q2 EPS
 
$0.07
 
Q2 Net Income
 
$3.13 mln
 
Q2 Adjusted FFO
Beat
$1.69 mln
$0.03 (3 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "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 $12.50, about 30.9% above its July 28 closing price of $9.55
The stock recently traded at 50 times the next 12-month earnings vs. a P/E of 49 three months ago

Reuters Recommended Reads
July 28 - WP Carey Q2 revenue beats estimates on higher leases; AFFO outlook raised
July 28 - Extra Space Storage lifts 2026 FFO forecast on higher pricing, cost controls
July 29 - Bunge posts Q2 earnings beat on strong crush margins, raises 2026 outlook

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)