DENVER (AP) — DENVER (AP) — Farmland Partners Inc. (FPI) on Wednesday reported a key measure of profitability in its third quarter.
The real estate investment trust, based in Denver, said it had funds from operations of $2.9 million, or 7 cents per share, in the period.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $483,000, or less than 1 cent on a per-share basis.
The real estate investment trust specializing in farmland, based in Denver, posted revenue of $11.3 million in the period.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FPI at https://www.zacks.com/ap/FPI
Copyright © 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
