Farmland Partners Inc.

NYSE:FPI Stock Report

Market Cap: US$487.4m

Farmland Partners Past Earnings Performance

Past criteria checks 4/6

Farmland Partners has been growing earnings at an average annual rate of 69.8%, while the Specialized REITs industry saw earnings growing at 11.5% annually. Revenues have been growing at an average rate of 2.7% per year. Farmland Partners's return on equity is 10.5%, and it has net margins of 101%.

Key information

69.84%

Earnings growth rate

69.24%

EPS growth rate

Specialized REITs Industry Growth18.00%
Revenue growth rate2.67%
Return on equity10.50%
Net Margin100.99%
Last Earnings Update31 Mar 2025

Recent past performance updates

Recent updates

Farmland Partners: Reduced Debt And High Resilience Amid Uncertainty

May 02

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

Mar 07
author-image

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

Feb 09 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

Farmland Partners appoints Luca Fabbri as CEO

Nov 08

Farmland Partners Q3 2022 Earnings Preview

Oct 24

Revenue & Expenses Breakdown

How Farmland Partners makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:FPI Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 255757140
31 Dec 245856140
30 Sep 245815120
30 Jun 245718120
31 Mar 245728130
31 Dec 235728130
30 Sep 235817130
30 Jun 235914130
31 Mar 23609130
31 Dec 22618150
30 Sep 22599160
30 Jun 22573170
31 Mar 2254-5180
31 Dec 2152-6180
30 Sep 2150-9170
30 Jun 2150-6150
31 Mar 2151-3120
31 Dec 2051-5100
30 Sep 2055-290
30 Jun 2054-490
31 Mar 20542100
31 Dec 19541100
30 Sep 1953-190
30 Jun 19554100
31 Mar 1956-190
31 Dec 18560100
30 Sep 1851-290
30 Jun 1850-280
31 Mar 1850190
31 Dec 1746190
30 Sep 17442100
30 Jun 17391100
31 Mar 1733090
31 Dec 1631180
30 Sep 1622-270
30 Jun 1619-170
31 Mar 1616-160
31 Dec 1514150
30 Sep 1511050
30 Jun 158040
31 Mar 156-140
31 Dec 144-130
30 Sep 143-120
30 Jun 143-120

Quality Earnings: FPI has a large one-off gain of $52.8M impacting its last 12 months of financial results to 31st March, 2025.

Growing Profit Margin: FPI's current net profit margins are higher than last year (48.4%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: FPI's earnings have grown significantly by 69.8% per year over the past 5 years.

Accelerating Growth: FPI's earnings growth over the past year (107.4%) exceeds its 5-year average (69.8% per year).

Earnings vs Industry: FPI earnings growth over the past year (107.4%) exceeded the Specialized REITs industry 1.8%.

Return on Equity

High ROE: FPI's Return on Equity (10.5%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/14 14:30
End of Day Share Price 2025/05/14 00:00
Earnings2025/03/31
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 10 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
Craig KuceraB. Riley Securities, Inc.