DENVER (AP) — DENVER (AP) — Farmland Partners Inc. (FPI) on Wednesday reported a key measure of profitability in its second quarter.
The real estate investment trust, based in Denver, said it had funds from operations of $1.3 million, or 3 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 $6.8 million, or 14 cents per share.
The real estate investment trust specializing in farmland, based in Denver, posted revenue of $10 million in the period.
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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
