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Jun 30, 2020
Farmland Partners Q2 2020 Earnings Report
Reported financial results for the quarter ended June 30, 2020.
Key Takeaways
Farmland Partners Inc. reported a net income of $0.2 million for the quarter ended June 30, 2020, with a basic net loss to common stockholders of $0.10 per share. Total operating revenues were $10.5 million, and operating income was $3.7 million.
Net income was $0.2 million, compared to $6.5 million for the same period in 2019.
Basic net loss to common stockholders was $0.10 per share, compared to net income of $0.09 per share for the same period in 2019.
Total operating revenues were $10.5 million, compared to $10.9 million for the same period in 2019.
Completed two acquisitions for $1.4 million and three dispositions for $7.5 million.
Forward Guidance
The Company believes it may experience some yet largely unidentified impact in the medium term due to broader sectors of the U.S. agricultural economy being affected through supply chain and commodity price disruptions. In the long term, the Company does not expect that the pandemic will affect materially the global demand for food, feed, fuel and fiber, and therefore the value of its farmland portfolio.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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