Benzinga | Nov 9, 2020 07:29AM EST

Farmland Partners: Q3 Earnings Insights



Shares of Farmland Partners (NYSE:FPI) decreased 0.1% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 33.33% over the past year to ($0.04), which beat the estimate of ($0.06).

Revenue of $10,604,000 rose by 7.68% year over year, which beat the estimate of $10,580,000.

Guidance

Farmland Partners hasn't issued any earnings guidance for the time being.

Farmland Partners hasn't issued any revenue guidance for the time being.

Conference Call Details

Date: Nov 09, 2020

Time: 11:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/fpi/mediaframe/41267/indexr.html

Recent Stock Performance

52-week high: $7.50

Company's 52-week low was at $5.05

Price action over last quarter: down 1.19%

Company Overview

Farmland Partners Inc owns and seeks to acquire high-quality farmland throughout North America. The company is an internally managed real estate company and owns and contracts of farmland and storage facilities located across the United States. Its properties are farmed by over 100 tenants growing more than 20 commercial crops. Farmland Partners generates its revenues through the rent it receives from its tenants.