Farmland Partners (FPI) Q1 FFO Miss Estimates

Core Viewpoint - Farmland Partners (FPI) reported quarterly funds from operations (FFO) of $0.05 per share, missing the Zacks Consensus Estimate of $0.06 per share, and down from $0.06 per share a year ago [1][2] Financial Performance - The FFO surprise for the quarter was -16.67%, while the previous quarter had an FFO of $0.19 per share, exceeding expectations by 11.76% [2] - The company posted revenues of $10.25 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 3.14%, but down from $11.99 million a year ago [3] - Over the last four quarters, Farmland Partners has exceeded consensus revenue estimates two times [3] Stock Performance - Farmland Partners shares have declined approximately 13.2% since the beginning of the year, compared to a decline of 4.7% for the S&P 500 [4] - The sustainability of the stock's price movement will depend on management's commentary during the earnings call [4] Future Outlook - The current consensus FFO estimate for the upcoming quarter is $0.03 on revenues of $9.59 million, and for the current fiscal year, it is $0.28 on revenues of $47.18 million [8] - The estimate revisions trend for Farmland Partners is currently favorable, resulting in a Zacks Rank 1 (Strong Buy) for the stock, indicating expected outperformance in the near future [7] Industry Context - The REIT and Equity Trust - Other industry is currently ranked in the bottom 37% of over 250 Zacks industries, suggesting that the overall industry outlook may impact stock performance [9]