FPI
Farmland Partners Inc.
$10.36
-0.38
(-3.54%)
Mkt Cap
452.01M
Volume
852,956
52W Range
9.21-13.23
Sector
Real Estate
Beta
0.70
EPS (TTM)
0.60 USD
P/E Ratio
17.32
Revenue (TTM)
53.27M USD
Rev Growth (5Y)
+0.6%
EPS Growth (5Y)
+25.8%
AlphaVal · Fair Value
What we estimate one share is worth
$28.73
Undervalued
strong signal
63.9% below fair value
Modeled from cash flows & growth.
AlphaQuality · Grade
How strong & durable the business is
B-
Real Estate Investment Trust
63.9 / 100 composite
A real-estate investment trust — graded A–F vs. similar companies.
Company Description
Farmland Partners Inc. functions as an internally managed real estate enterprise, primarily focused on acquiring and holding premium North American agricultural land. The company also provides secured loans to farmers, collateralized by their farm real estate. As of the most recent disclosure, its expansive portfolio includes approximately 155,000 acres distributed across 16 U.S. states, covering significant agricultural areas from Alabama to Virginia. This diversified land base supports nearly 26 different crop varieties and is utilized by over 100 distinct agricultural tenants. Farmland Partners Inc. chose to be taxed as a Real Estate Investment Trust (REIT) for U.S. federal income tax purposes, commencing with the fiscal year that ended December 31, 2014.
Track Record
Showing latest 4 periods • Swipe for more
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 52.18M | 58.23M | 57.47M | 61.21M | 51.74M | 50.69M | 53.56M | 56.07M | 46.22M | 31.00M | 13.76M | 4.22M |
| Net Income | 31.55M | 59.91M | 30.91M | 11.67M | 9.99M | 7.12M | 13.89M | 12.25M | 7.91M | 4.30M | 1.23M | (568,192) |
| EPS | 0.71 | 1.19 | 0.55 | 0.16 | -0.17 | -0.18 | -0.20 | 0.38 | 0.03 | 0.09 | 0.08 | -0.13 |
| Free Cash Flow | 17.43M | 16.14M | 12.89M | 12.80M | 7.86M | 19.73M | 17.99M | 7.22M | (20.65M) | (126.73M) | 7.69M | 1.74M |
| FCF / Share | 0.39 | 0.34 | 0.26 | 0.25 | 0.23 | 0.67 | 0.60 | 0.22 | -0.67 | -9.60 | 0.80 | 0.41 |
| Operating CF | 17.43M | 16.14M | 12.89M | 17.05M | 7.86M | 19.73M | 17.99M | 20.00M | 929,000 | 5.04M | 7.69M | 1.78M |
| Total Assets | 719.07M | 868.56M | 1.02B | 1.16B | 1.12B | 1.09B | 1.10B | 1.14B | 1.17B | 655.53M | 344.95M | 201.02M |
| Total Debt | 161.18M | 203.88M | 361.26M | 437.20M | 511.43M | 506.72M | 511.48M | 523.64M | 514.07M | 308.78M | 187.07M | 113.88M |
| Cash & Equiv | 9.29M | 78.44M | 5.49M | 7.65M | 30.17M | 27.22M | 12.56M | 16.89M | 53.54M | 47.17M | 23.51M | 33.74M |
| Book Value | 459.35M | 481.91M | 515.88M | 580.79M | 458.31M | 429.84M | 437.36M | 438.35M | 468.66M | 161.90M | 108.37M | 66.36M |
| Return on Equity | 0.07 | 0.12 | 0.06 | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.02 | 0.03 | 0.01 | -0.01 |
| Metric | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 9.40M | 10.10M | 22.52M | 11.25M | 9.96M | 10.25M | 21.47M | 13.32M | 11.45M | 11.99M | 21.59M | 11.62M |
| Net Income | 3.11M | 640,000 | 21.42M | 483,000 | 7.60M | 2.04M | 58.75M | 1.79M | (2.03M) | 1.37M | 17.32M | 4.21M |
| EPS | 0.07 | 0.01 | 0.52 | -0.00 | 0.17 | 0.03 | 1.21 | 0.02 | -0.06 | 0.01 | 0.34 | 0.07 |
| Free Cash Flow | (3.43M) | 7.98M | 15.19M | (1.95M) | (2.18M) | 6.37M | 14.61M | (4.28M) | (6.09M) | 11.90M | 5.65M | (5.39M) |
| FCF / Share | -0.08 | 0.18 | 0.34 | -0.05 | -0.05 | 0.14 | 0.31 | -0.09 | -0.13 | 0.25 | 0.12 | -0.11 |
| Operating CF | (3.07M) | 8.25M | 15.19M | (1.95M) | (2.18M) | 6.37M | 14.61M | (4.28M) | (6.09M) | 11.90M | 7.16M | (3.66M) |
| Total Assets | 699.80M | 711.71M | 719.07M | 738.55M | 776.67M | 810.47M | 868.56M | 1.03B | 1.03B | 1.03B | 1.02B | 1.07B |
| Total Debt | 224.31M | 231.91M | 161.18M | 170.39M | 193.39M | 201.97M | 203.88M | 347.09M | 345.96M | 381.25M | 361.26M | 420.92M |
| Cash & Equiv | 11.42M | 17.74M | 9.29M | 13.47M | 51.07M | 21.65M | 78.44M | 8.09M | 5.75M | 6.23M | 5.49M | 6.06M |
| Book Value | 460.00M | 460.40M | 459.35M | 449.46M | 465.61M | 479.59M | 481.91M | 506.70M | 508.73M | 513.80M | 515.88M | 516.00M |
| Return on Equity | 0.01 | 0.00 | 0.05 | 0.00 | 0.02 | 0.00 | 0.12 | 0.00 | -0.00 | 0.00 | 0.03 | 0.01 |
FPI News
45,059 Shares of Farmland Partners Inc. $FPI Acquired by Bank of America Corp DE
The Next Big Move In Interest Rates: How I'm Buying The Dividend Sell-Off
The REIT Conundrum
Farmland Partners Inc. $FPI Shares Sold by Bank of America Corp DE
Deutsche Bank AG Buys Shares of 940,234 Farmland Partners Inc. $FPI
Financial Contrast: Farmland Partners (NYSE:FPI) vs. Crown Castle (NYSE:CCI)
Farmland Partners (NYSE:FPI) Stock Passes Below Two Hundred Day Moving Average – What’s Next?
Farmland Partners Q2 Earnings Call Highlights
Farmland Partners Inc. (FPI) Q2 2026 Earnings Call Transcript
Farmland Partners (FPI) Beats Q2 FFO and Revenue Estimates