FPI - Farmland Partners Stock Pops 5% on Earnings and FFO Beats Guidance Increase
Farmland Partners (NYSE: FPI) stock gained 5% on Tuesday following the farmland real estate investment trust's (REIT) release of third-quarter results that were likely better than many investors expected.
For investors not familiar with Farmland Partners, this REIT buys high-quality U.S. farmland that it leases to farmers to grow a variety of crops. It also provides auction, brokerage, and third-party farm management services.
Data source: Farmland Partners. * Funds from operations (FFO) is a closely watched metric for companies organized as REITs. It adds depreciation expense back to net income and makes a few other adjustments to net income to reflect a REIT's cash flow.
For further details see:
Farmland Partners Stock Pops 5% on Earnings and FFO Beats, Guidance Increase