Farmland Partners Inc.

NYSE:FPI Stock Report

Market Cap: US$576.4m

Farmland Partners Management

Management criteria checks 2/4

Farmland Partners' CEO is Luca Fabbri, appointed in Oct 2021, has a tenure of 3.25 years. total yearly compensation is $1.16M, comprised of 32.2% salary and 67.8% bonuses, including company stock and options. directly owns 0.68% of the company’s shares, worth $3.92M. The average tenure of the management team and the board of directors is 2.2 years and 2.6 years respectively.

Key information

Luca Fabbri

Chief executive officer

US$1.2m

Total compensation

CEO salary percentage32.2%
CEO tenure3.3yrs
CEO ownership0.7%
Management average tenure2.2yrs
Board average tenure2.6yrs

Recent management updates

Recent updates

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

Farmland Partners appoints Luca Fabbri as CEO

Nov 08

Farmland Partners Q3 2022 Earnings Preview

Oct 24

Farmland partners purchases two new farms for $3.36M

Oct 12

Farmland Partners Remains A Value Even After Doubling

Sep 14

Farmland Partners: Portfolio Diversifier And Tail Hedge

Sep 02

Farmland Partners sees revenue growth as renewable energy tenant expands solar power portfolio

Aug 24

Farmland Partners acquires two Illinois farms for $6.6M

Aug 03

CEO Compensation Analysis

How has Luca Fabbri's remuneration changed compared to Farmland Partners's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$15m

Jun 30 2024n/an/a

US$18m

Mar 31 2024n/an/a

US$28m

Dec 31 2023US$1mUS$375k

US$28m

Sep 30 2023n/an/a

US$17m

Jun 30 2023n/an/a

US$14m

Mar 31 2023n/an/a

US$9m

Dec 31 2022US$937kUS$330k

US$8m

Sep 30 2022n/an/a

US$9m

Jun 30 2022n/an/a

US$3m

Mar 31 2022n/an/a

-US$5m

Dec 31 2021US$807kUS$315k

-US$6m

Sep 30 2021n/an/a

-US$9m

Jun 30 2021n/an/a

-US$6m

Mar 31 2021n/an/a

-US$3m

Dec 31 2020US$726kUS$300k

-US$5m

Sep 30 2020n/an/a

-US$2m

Jun 30 2020n/an/a

-US$4m

Mar 31 2020n/an/a

US$2m

Dec 31 2019US$685kUS$275k

US$1m

Sep 30 2019n/an/a

-US$572k

Jun 30 2019n/an/a

US$4m

Mar 31 2019n/an/a

-US$816k

Dec 31 2018US$653kUS$275k

-US$420k

Compensation vs Market: Luca's total compensation ($USD1.16M) is below average for companies of similar size in the US market ($USD2.14M).

Compensation vs Earnings: Luca's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Luca Fabbri (55 yo)

3.3yrs

Tenure

US$1,162,823

Compensation

Mr. Luca Fabbri serves as Director of Basil Systems, Inc. He serves as President at Farmland Partners Inc. since October 11, 2021 and serves as its Chief Executive Officer since February 23, 2023 and serve...

Leadership Team

NamePositionTenureCompensationOwnership
Paul Pittman
Executive Chairman10.8yrsUS$2.19m5.52%
$ 31.8m
Luca Fabbri
CEO, President & Non-Independent Director3.3yrsUS$1.16m0.68%
$ 3.9m
Susan Landi
CFO & Treasurerless than a yearno data0.014%
$ 82.6k
Richard Keck
Vice President of Operations2.4yrsno datano data
Christine Garrison
General Counsel & Secretaryno datano data0.052%
$ 298.3k

2.2yrs

Average Tenure

Experienced Management: FPI's management team is considered experienced (2.2 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Paul Pittman
Executive Chairman10.8yrsUS$2.19m5.52%
$ 31.8m
Luca Fabbri
CEO, President & Non-Independent Director2yrsUS$1.16m0.68%
$ 3.9m
John Good
Independent Director7yrsUS$97.26k0.21%
$ 1.2m
Jennifer Grafton
Lead Independent Director1.8yrsUS$80.78k0.017%
$ 96.4k
Bruce Sherrick
Directorless than a yearno data0.027%
$ 156.7k
Danny Moore
Independent Director3.2yrsUS$102.22k0.041%
$ 237.6k

2.6yrs

Average Tenure

61yo

Average Age

Experienced Board: FPI's board of directors are not considered experienced ( 2.6 years average tenure), which suggests a new board.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 22:10
End of Day Share Price 2024/12/31 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

Analysis Model and Snowflake

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Industry and Sector Metrics

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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.

AnalystInstitution
Nathan CrossettBerenberg
Paul AdornatoBMO Capital Markets Equity Research
Craig KuceraB. Riley Securities, Inc.