earnings
confidence high
sentiment positive
materiality 0.75
Farmland Partners posts Q3 net income $1.1M, raises 2022 AFFO guidance to $0.27-$0.31
Farmland Partners Inc.
2022-Q3 EPS reported
$0.05
revenue$39,387,000
- Q3 net income of $1.1M ($0.01/share) vs loss of $2.7M ($(0.17)/share) in Q3 2021.
- AFFO of $2.5M ($0.05/share) vs $(3.2)M ($(0.09)/share) YoY.
- Operating revenues up 30% to $13.14M; operating income up 229.5% to $4.725M.
- Raised 2022 AFFO guidance range to $0.27-$0.31 from $0.26-$0.30.
- Subsequent: Closed $75M new undrawn line of credit on Oct 13, 2022.