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Farmland (FPI)
NYSE:FPI
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.04Last Year’s EPS
0.01Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: 6.79%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a balanced view with significant highlights such as strong asset sales, debt reduction, and increased AFFO, but also noted some lowlights including decreased fixed farm rent, increased G&A expenses, and challenges in the California farmland market.Company Guidance
During the Farmland Partners Q4 and fiscal year 2024 earnings call, several key metrics were highlighted as part of the company's guidance for 2025. The company expects Adjusted Funds from Operations (AFFO) per share to be between $0.25 and $0.30, surpassing the current dividend rate of $0.24 per share. The guidance reflects a focus on increasing rents, particularly from specialty crop farms, and reducing costs, which have been driving revenue and AFFO higher. The company has also successfully reduced its indebtedness by $158.5 million and engaged in stock buybacks, which have contributed to a significant reduction in interest expenses. Additionally, Farmland Partners reported a net income of $61.5 million for 2024, or $1.19 per share available to common stockholders, and an AFFO of $14.1 million, or $0.29 per weighted average share. The guidance suggests a continued focus on maintaining financial health and delivering value to shareholders in the coming year.Substantial Asset Sales and Special Dividend
Farmland Partners completed significant asset sales, resulting in high gains and distributed a $1.15 special dividend to shareholders.
Debt Reduction and Interest Expense Savings
The company reduced outstanding debt by $158.5 million, which lowered interest expenses and contributed to financial stability.
Increased AFFO and Net Income
AFFO for 2024 was $14.1 million, or $0.29 per share, significantly higher than 2023. Net income was $61.5 million, or $1.19 per share.
Successful Lease Renewals and Increased Variable Farm Rents
Strong lease renewals and increased variable farm rents boosted revenue, alongside direct operation revenue from specialty crops.
Guidance for 2025 Above Current Dividend Rate
AFFO per share guidance for 2025 is between $0.25 and $0.30, which is above the current dividend rate of $0.24.
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FPI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FPI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $11.64 | $12.51 | +7.47% |
| Oct 30, 2024 | $9.96 | $10.56 | +6.02% |
| Jul 24, 2024 | $10.18 | $9.48 | -6.88% |
| Apr 30, 2024 | $9.60 | $9.93 | +3.44% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Farmland (FPI) report earnings?
Farmland (FPI) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Farmland (FPI) earnings time?
Farmland (FPI) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FPI EPS forecast?
FPI EPS forecast for the fiscal quarter 2025 (Q1) is -0.04.
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