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Dec 31, 2019
Farmland Partners Q4 2019 Earnings Report
Farmland Partners' Q4 2019 earnings were announced.
Key Takeaways
Farmland Partners reported an increase in total revenues and operating income for the fourth quarter of 2019, with revenues reaching $21.9 million and operating income at $14.6 million. Basic net income to common stockholders was $0.20 per share, and AFFO per share was $0.28.
Asset values of farmland are expected to hold up well during market turmoil related to the coronavirus.
The company will continue to sell assets at a premium, buy back stock and preferred at a discount, and hold down SG&A costs.
Rental trends in row crop assets have been modestly upwards in virtually every region, with the exception of the High Plains region.
The company repurchased 3.5 million shares of common stock.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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