earnings
confidence high
sentiment positive
materiality 0.75
Farmland Partners Q2 net income improves to $3M; raises 2022 guidance, lawsuit dismissed
Farmland Partners Inc.
2022-Q2 EPS reported
$0.05
revenue$26,247,000
- Q2 net income $3.0M ($0.04/share) vs loss of $(2.9)M ($(0.19)/share) in Q2 2021
- AFFO of $1.1M ($0.02/share) improved from $(3.6)M ($(0.11)/share)
- Debt reduced $38.4M; debt-to-enterprise value ~33.7%
- Over one-third of 2022 leases renewed at average rent increases >15%
- Class action lawsuit dismissed; management raises 2022 guidance