Farmland Partners (FPI) Q1 FFO Miss Estimates

Farmland Partners (FPI) came out with quarterly funds from operations (FFO) of $0.05 per share, missing the Zacks Consensus Estimate of $0.06 per share. This compares to FFO of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -16.67%. A quarter ago, it was expected that this real estate investment trust specializing in farmland would post FFO of $0.17 per share when it actually produced FFO of $0.19, delivering a surprise of 1 ...