earnings
confidence high
sentiment negative
materiality 0.60
FPI reports Q2 net loss of $2.9M; litigation expenses $2.7M; completed $29.9M acquisitions
Farmland Partners Inc.
2021-Q2 EPS reported
-$0.21
revenue$21,589,000
- Net loss $2.9M for Q2 2021 vs net income $0.2M in Q2 2020; per share loss $0.19.
- Adjusted for litigation, net income for six months was $4.2M vs $1.4M in prior year.
- Litigation expenses $2.7M in Q2, $5.2M YTD; settled with Quinton Mathews, who recanted false statements.
- Completed four acquisitions for $29.9M and 15 dispositions for $28.3M total.
- AFFO negative $3.6M in Q2; total operating revenues $10.0M, down from $10.5M YoY.