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 farmers secured by farm real estate. More Details
Short Term Liabilities: FPI's short term assets ($16.6M) do not cover its short term liabilities ($18.1M).
Long Term Liabilities: FPI's short term assets ($16.6M) do not cover its long term liabilities ($508.6M).
Debt to Equity History and Analysis
Debt Level: FPI's debt to equity ratio (92.5%) is considered high.
Reducing Debt: FPI's debt to equity ratio has reduced from 127.3% to 92.5% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable FPI has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: FPI is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 28.6% per year.
How experienced are the management team and are they aligned to shareholders interests?
6.0yrs
Average board tenure
CEO
Paul Pittman (58 yo)
7.08yrs
Tenure
US$1,803,894
Compensation
Mr. Paul A. Pittman has served Executive Chairman and Chief Executive Officer of Farmland Partners Inc. since its formation in 2014 and its President since May 31, 2018. Mr. Pittman also served as Presiden...
CEO Compensation Analysis
Compensation vs Market: Paul's total compensation ($USD1.80M) is about average for companies of similar size in the US market ($USD1.50M).
Compensation vs Earnings: Paul's compensation has increased whilst the company is unprofitable.
Board Members
Name
Position
Tenure
Compensation
Ownership
Paul Pittman
Executive Chairman
7.08yrs
US$1.80m
8.53% $ 31.3m
Thomas Heneghan
Director
0.17yr
no data
4.55% $ 16.7m
John Good
Independent Director
3.08yrs
US$57.68k
0.097% $ 357.2k
Joseph Glauber
Independent Director
6yrs
US$55.68k
0.053% $ 193.2k
Christopher Downey
Lead Independent Director
6.08yrs
US$68.93k
0.27% $ 983.6k
Toby O'Rourke
Independent Director
no data
no data
no data
6.0yrs
Average Tenure
62yo
Average Age
Experienced Board: FPI's board of directors are considered experienced (6 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FPI insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Farmland Partners Inc.'s company bio, employee growth, exchange listings and data sources
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 farmers secured by farm real estate. As of the dat...
Company Analysis and Financial Data Status
All financial data provided by Standard & Poor's Capital IQ.
Data
Last Updated (UTC time)
Company Analysis
2021/02/27 23:38
End of Day Share Price
2021/02/26 00:00
Earnings
2020/09/30
Annual Earnings
2019/12/31
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 here.