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Farmland Partners Inc.NYSE:FPI Stock Report

Market Cap US$492.3m
Share Price
US$11.04
My Fair Value
US$12
9.9% undervalued intrinsic discount
1Y8.0%
7D3.9%
Portfolio Value
View

Farmland Partners Inc.

NYSE:FPI Stock Report

Market Cap: US$492.3m

Farmland Partners (FPI) Stock Overview

An internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to third-party farmers (both tenant and non-tenant) and landowners secured by farm real estate and/or other agricultural related assets. More details

FPI fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health2/6
Dividends2/6

FPI Community Fair Values

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Farmland Partners Inc. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Farmland Partners
Historical stock prices
Current Share PriceUS$11.04
52 Week HighUS$12.87
52 Week LowUS$9.66
Beta0.87
1 Month Change4.25%
3 Month Change-1.25%
1 Year Change8.02%
3 Year Change-23.97%
5 Year Change65.02%
Change since IPO-14.95%

Recent News & Updates

Farmland Partners: Not Enough Discount To Net Asset Value

Jul 17

Recent updates

Farmland Partners: Not Enough Discount To Net Asset Value

Jul 17

Farmland Partners: Interim Value Via Asset Sales, Long Term Via Strategic Pivot

Mar 07
User avatar

Asset Sales And High Expenses Will Pressure Future Earnings In Farmland Sector

Concerns over farmland valuation, especially in California, could impact future revenue projections and growth opportunities.

Farmland Partners: AFFO Set To Benefit From Deleveraging In 2025

Dec 27

Farmland Partners Massive Land Sale Demonstrates Asset Value

Oct 17

Farmland Partners: Selling A Quarter Of Their Book Confirms 50% Upside To NAV

Oct 07

Farmland Partners: A Better Alternative To Gold Or Treasuries

Sep 24

Farmland Partners: Reaching NAV Unlikely Outside Of A Sale

Jul 11

Farmland Partners Q1 Earnings: Results In Line, Still Pricey

May 01

Farmland Partners: The Store Of Value Thesis

Mar 20

Farmland Partners: Some Structural Merits, But Not Very Compelling At These Levels

Jan 02

Farmland Partners: Why The Strategy Is Not Working

Oct 18

Farmland Partners' ~$18.60 Value Is Obscured By Accounting Intricacies

Aug 15

Farmland Partners: Unique Business But Pricey

Jul 20

Farmland Partners Q4 Earnings: Is The Stock Worth Buying The Dip?

Feb 24

Farmland Partners acquires Illinois Farmland for $2.16M

Feb 03

Farmland Partners: Assessing If A Breakout Is At Hand

Jan 19

Shareholder Returns

FPIUS Specialized REITsUS Market
7D3.9%3.5%0.5%
1Y8.0%-6.0%15.9%

Return vs Industry: FPI exceeded the US Specialized REITs industry which returned -6% over the past year.

Return vs Market: FPI underperformed the US Market which returned 15.9% over the past year.

Price Volatility

Is FPI's price volatile compared to industry and market?
FPI volatility
FPI Average Weekly Movement3.2%
Specialized REITs Industry Average Movement3.2%
Market Average Movement6.5%
10% most volatile stocks in US Market17.5%
10% least volatile stocks in US Market3.0%

Stable Share Price: FPI has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: FPI's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
201324Luca Fabbriwww.farmlandpartners.com

Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to third-party farmers (both tenant and non-tenant) and landowners secured by farm real estate and/or other agricultural related assets. As of March 31, 2025, the Company owned and/or managed approximately 139,200 acres of farmland in 16 states, including Arkansas, California, Colorado, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Ohio, South Carolina, Texas and West Virginia. In addition, the Company owns land and buildings for four agriculture equipment dealerships in Ohio leased to Ag Pro under the John Deere brand.

Farmland Partners Inc. Fundamentals Summary

How do Farmland Partners's earnings and revenue compare to its market cap?
FPI fundamental statistics
Market capUS$492.31m
Earnings (TTM)US$66.70m
Revenue (TTM)US$55.00m
7.3x
P/E Ratio
8.8x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FPI income statement (TTM)
RevenueUS$55.00m
Cost of RevenueUS$11.55m
Gross ProfitUS$43.45m
Other Expenses-US$23.25m
EarningsUS$66.70m

Last Reported Earnings

Jun 30, 2025

Next Earnings Date

n/a

Earnings per share (EPS)1.52
Gross Margin79.00%
Net Profit Margin121.27%
Debt/Equity Ratio33.6%

How did FPI perform over the long term?

See historical performance and comparison

Dividends

2.2%
Current Dividend Yield
419%
Payout Ratio

Does FPI pay a reliable dividends?

See FPI dividend history and benchmarks
When do you need to buy FPI by to receive an upcoming dividend?
Farmland Partners dividend dates
Ex Dividend DateOct 01 2025
Dividend Pay DateOct 15 2025
Days until Ex dividend36 days
Days until Dividend pay date50 days

Does FPI pay a reliable dividends?

See FPI dividend history and benchmarks

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/08/25 18:12
End of Day Share Price 2025/08/22 00:00
Earnings2025/06/30
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Farmland Partners Inc. is covered by 8 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nathan CrossettBerenberg
Paul AdornatoBMO Capital Markets Equity Research
Jessica Levi-RibnerFBR Capital Markets & Co.