FPI Stock Overview
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
| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 0/6 |
| Past Performance | 1/6 |
| Financial Health | 2/6 |
| Dividends | 1/6 |
My Notes
Capture your thoughts, links and company narrative
Farmland Partners Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$12.32 |
| 52 Week High | US$13.04 |
| 52 Week Low | US$9.70 |
| Beta | 0.71 |
| 1 Month Change | -1.83% |
| 3 Month Change | 17.33% |
| 1 Year Change | -3.45% |
| 3 Year Change | 3.36% |
| 5 Year Change | 78.29% |
| Change since IPO | -5.08% |
Recent News & Updates
Recent updates
Farmland Partners Massive Land Sale Demonstrates Asset Value
Oct 17Farmland Partners: Selling A Quarter Of Their Book Confirms 50% Upside To NAV
Oct 07Farmland Partners: A Better Alternative To Gold Or Treasuries
Sep 24Farmland Partners: Reaching NAV Unlikely Outside Of A Sale
Jul 11Farmland Partners Q1 Earnings: Results In Line, Still Pricey
May 01Farmland Partners: The Store Of Value Thesis
Mar 20Farmland Partners: Some Structural Merits, But Not Very Compelling At These Levels
Jan 02Farmland Partners: Why The Strategy Is Not Working
Oct 18Farmland Partners' ~$18.60 Value Is Obscured By Accounting Intricacies
Aug 15Farmland Partners: Unique Business But Pricey
Jul 20Farmland Partners Q4 Earnings: Is The Stock Worth Buying The Dip?
Feb 24Farmland Partners acquires Illinois Farmland for $2.16M
Feb 03Farmland Partners: Assessing If A Breakout Is At Hand
Jan 19Farmland Partners appoints Luca Fabbri as CEO
Nov 08Farmland Partners Q3 2022 Earnings Preview
Oct 24Farmland partners purchases two new farms for $3.36M
Oct 12Farmland Partners Remains A Value Even After Doubling
Sep 14Farmland Partners: Portfolio Diversifier And Tail Hedge
Sep 02Farmland Partners sees revenue growth as renewable energy tenant expands solar power portfolio
Aug 24Farmland Partners acquires two Illinois farms for $6.6M
Aug 03Shareholder Returns
| FPI | US Specialized REITs | US Market | |
|---|---|---|---|
| 7D | -2.5% | -5.8% | -2.4% |
| 1Y | -3.4% | -2.0% | 23.4% |
Return vs Industry: FPI underperformed the US Specialized REITs industry which returned -2% over the past year.
Return vs Market: FPI underperformed the US Market which returned 23.3% over the past year.
Price Volatility
| FPI volatility | |
|---|---|
| FPI Average Weekly Movement | 3.7% |
| Specialized REITs Industry Average Movement | 3.3% |
| Market Average Movement | 6.3% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.1% |
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 (4%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2013 | 26 | Luca Fabbri | www.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 farmers secured by farm real estate. As of December 31, 2023, the Company owns and/or manages approximately 171,100 acres in 16 states, including Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina and Texas. 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
| FPI fundamental statistics | |
|---|---|
| Market cap | US$603.80m |
| Earnings (TTM) | US$15.35m |
| Revenue (TTM) | US$58.47m |
38.4x
P/E Ratio10.1x
P/S RatioIs FPI overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| FPI income statement (TTM) | |
|---|---|
| Revenue | US$58.47m |
| Cost of Revenue | US$12.58m |
| Gross Profit | US$45.89m |
| Other Expenses | US$30.54m |
| Earnings | US$15.35m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.32 |
| Gross Margin | 78.48% |
| Net Profit Margin | 26.25% |
| Debt/Equity Ratio | 63.2% |
How did FPI perform over the long term?
See historical performance and comparisonDividends
1.9%
Current Dividend Yield180%
Payout RatioDoes FPI pay a reliable dividends?
See FPI dividend history and benchmarks| Farmland Partners dividend dates | |
|---|---|
| Ex Dividend Date | Dec 23 2024 |
| Dividend Pay Date | Jan 08 2025 |
| Days until Ex dividend | 1 day |
| Days until Dividend pay date | 17 days |
Does FPI pay a reliable dividends?
See FPI dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:01 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 here.
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 .
Analyst Sources
Farmland Partners Inc. is covered by 10 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nathan Crossett | Berenberg |
| Paul Adornato | BMO Capital Markets Equity Research |
| Craig Kucera | B. Riley Securities, Inc. |