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Sep 30, 2020
Farmland Partners Q3 2020 Earnings Report
Reported relatively good quarter compared to the same period last year, demonstrating the strength and stability of farmland.
Key Takeaways
Farmland Partners Inc. reported financial results for the quarter ended September 30, 2020, with net income of $0.6 million and basic net loss to common stockholders of $0.09 per share. Total operating revenues were $10.6 million, compared to $9.8 million for the same period in 2019. The company completed one disposition consisting of four properties in the Corn Belt region for a total consideration of $5.2 million and an aggregate gain on sale of $1.3 million.
Net income was $0.6 million, compared to a net loss of $1.5 million for the same period last year.
Basic net loss to common stockholders was $0.09 per share, compared to $0.15 per share for the same period in 2019.
Total operating revenues were $10.6 million, compared to $9.8 million for the same period in 2019.
Completed one disposition consisting of four properties in the Corn Belt region for $5.2 million with a gain on sale of $1.3 million.
Forward Guidance
No specific forward guidance provided in the current report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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