FPI
Farmland Partners Inc.
Price Chart
Latest Quote
$9.71
| Previous Close | $9.71 |
| Open | $9.75 |
| Day High | $9.71 |
| Day Low | $9.71 |
| Volume | 7,220 |
Stock Information
| Quarterly Dividend / Yield | $0.36 / 3.71% |
| Shares Outstanding | 43.62M |
| Quarterly Dividend Yield | 3.71% |
| Quarterly Dividend | $0.36 |
| Total Debt | $231.91M |
| Cash Equivalents | $17.74M |
| Revenue | $51.61M |
| Net Income | $27.93M |
| Sector | Real Estate |
| Industry | REIT - Specialty |
| Market Cap | $430.80M |
| P/E Ratio | 16.46 |
| EPS (TTM) | $0.59 |
| Exchange | NYQ |
đ Comprehensive Analysis
Company Data
| Enterprise Value | $637.95M |
| Sales | $51.61M |
| Income | $27.93M |
| Book/sh | $10.62 |
| Cash/sh | $0.41 |
| Employees | 11 |
Financial Ratios
| Quick Ratio | 0.60 |
| Current Ratio | 1.93 |
| Debt/Eq | 50.03 |
| EPS Growth TTM | -68.60% |
Returns & Margins
| ROA | 1.84% |
| ROE | 5.82% |
| Gross Margin | 81.37% |
| Operating Margin | 35.06% |
| Profit Margin | 58.41% |
Ownership
| Insider Ownership | 7.90% |
| Institutional Ownership | 54.85% |
| Insider & Institutional transactions data not available | |
Valuation Ratios
| Forward P/E | 48.55 |
| P/S | 8.35 |
| P/B | 0.91 |
Analyst Data
| Recommendation | hold |
| Target Price | $12.00 |
Technical Indicators
| SMA20 | $10.09 |
| SMA50 | $10.62 |
| SMA200 | $10.57 |
| RSI | 27.21 |
| ATR | 0.2094 |
| Shares Float | 39.85M |
| Short Float | 7.39% |
| Short Ratio | 7.21 |
| Volatility | 0.68 |
| Rel Volume | 0.02 |
Performance History
| Week | -0.51% |
| Month | -7.26% |
| Quarter | -11.09% |
| 6 Months | -3.36% |
| YTD | +1.22% |
| Year | -9.85% |
| 3 Years | -4.85% |
| 5 Years | -5.65% |
| 10 Years | +35.17% |
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Recent Price History
| Date | Close | Volume |
|---|---|---|
| 2026-06-23 | $9.71 | 7,220 |
| 2026-06-22 | $9.70 | 346,600 |
| 2026-06-18 | $9.76 | 417,000 |
| 2026-06-17 | $9.69 | 507,300 |
| 2026-06-16 | $9.80 | 492,000 |
| 2026-06-15 | $9.76 | 518,000 |
| 2026-06-12 | $9.98 | 358,600 |
| 2026-06-11 | $9.89 | 407,600 |
| 2026-06-10 | $9.91 | 605,100 |
| 2026-06-09 | $10.27 | 368,300 |
| 2026-06-08 | $10.13 | 379,600 |
| 2026-06-05 | $10.33 | 364,300 |
| 2026-06-04 | $10.28 | 348,900 |
| 2026-06-03 | $10.31 | 364,800 |
| 2026-06-02 | $10.38 | 303,100 |
| 2026-06-01 | $10.30 | 396,100 |
| 2026-05-29 | $10.27 | 397,300 |
| 2026-05-28 | $10.41 | 330,500 |
| 2026-05-27 | $10.45 | 276,400 |
| 2026-05-26 | $10.44 | 368,600 |
About Farmland Partners Inc.
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 third-party farmers (both tenant and non-tenant) and landowners secured by farm real estate and/or other agricultural related assets. As of March 31, 2026, the Company owned approximately 70,400 acres of farmland in 11 states, including Arkansas, California, Colorado, Illinois, Indiana, Louisiana, Missouri, Nebraska, South Carolina, Texas, and West Virginia. In addition, the Company owns land and buildings for four agriculture equipment dealerships in Ohio leased to Ag Pro under the John Deere brand. The Company elected to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with the taxable year ended December 31, 2014. Farmland Partners Inc. was established on September 27, 2013 and is based in Denver, United States.
đ° Latest News
Farmland Partners Q1 Earnings Call Highlights
MarketBeat âĸ 2026-05-01T12:42:49ZFarmland Partners (FPI) Q1 FFO and Revenues Beat Estimates
Zacks âĸ 2026-04-29T21:45:05ZFarmland Partners (FPI) Reported Better-Than-Expected Operating Results in Q1
Insider Monkey âĸ 2026-04-09T13:25:02ZFarmland Partners (FPI) Earnings Transcript
Motley Fool âĸ 2026-02-23T19:52:23ZFarmland Partners Q4 Earnings Call Highlights
MarketBeat âĸ 2026-02-23T17:07:13ZFarmland Partners Inc (FPI) Q4 2025 Earnings Call Highlights: Strong AFFO Growth and Strategic ...
GuruFocus.com âĸ 2026-02-19T23:00:52ZFarmland Partners Inc. Q4 2025 Earnings Call Summary
Moby âĸ 2026-02-19T13:30:00ZFebruary 2026's Undervalued Small Caps With Insider Actions To Consider
Simply Wall St. âĸ 2026-02-19T11:39:36ZFarmland Partners (FPI) Q4 FFO and Revenues Surpass Estimates
Zacks âĸ 2026-02-18T22:45:02ZJanuary 2026's Top Undervalued Small Caps With Insider Action Across Regions
Simply Wall St. âĸ 2026-01-29T11:39:40ZIncome Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $10,263,000 | $11,305,000 | $13,414,000 | $14,156,000 |
| Cost Of Revenue | $10,263,000 | $11,305,000 | $13,414,000 | $14,156,000 |
| Total Revenue | $52,178,000 | $58,226,000 | $57,466,000 | $61,210,000 |
| Operating Revenue | $41,450,000 | $52,146,000 | $51,442,000 | $54,251,000 |
| Expenses | ||||
| Interest Expense | $9,627,000 | $18,854,000 | $22,657,000 | $16,143,000 |
| Total Expenses | $29,122,000 | $32,721,000 | $33,610,000 | $36,125,000 |
| Other Income Expense | $18,728,000 | $54,783,000 | $30,316,000 | $3,245,000 |
| Other Non Operating Income Expenses | $493,000 | $1,328,000 | $39,000 | $663,000 |
| Net Non Operating Interest Income Expense | $-9,627,000 | $-18,854,000 | $-22,657,000 | $-16,143,000 |
| Interest Expense Non Operating | $9,627,000 | $18,854,000 | $22,657,000 | $16,143,000 |
| Operating Expense | $18,859,000 | $21,416,000 | $20,196,000 | $21,969,000 |
| Other Operating Expenses | $39,000 | $103,000 | $144,000 | $130,000 |
| General And Administrative Expense | $14,652,000 | $15,725,000 | $12,553,000 | $14,879,000 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $31,545,000 | $59,911,000 | $30,913,000 | $11,674,000 |
| Net Interest Income | $-9,627,000 | $-18,854,000 | $-22,657,000 | $-16,143,000 |
| Normalized Income | $17,292,610 | $17,780,300 | $6,994,960 | $9,191,125 |
| Net Income From Continuing And Discontinued Operation | $31,545,000 | $59,911,000 | $30,913,000 | $11,674,000 |
| Net Income Common Stockholders | $28,797,000 | $56,428,000 | $27,786,000 | $8,401,000 |
| Net Income | $31,545,000 | $59,911,000 | $30,913,000 | $11,674,000 |
| Net Income Including Noncontrolling Interests | $32,172,000 | $61,450,000 | $31,681,000 | $11,960,000 |
| Net Income Continuous Operations | $32,172,000 | $61,450,000 | $31,681,000 | $11,960,000 |
| Pretax Income | $32,157,000 | $61,434,000 | $31,515,000 | $12,187,000 |
| Special Income Charges | $18,041,000 | $53,330,000 | $30,276,000 | $2,530,000 |
| Earnings From Equity Interest | $194,000 | $125,000 | $1,000 | $52,000 |
| Operating Income | $23,056,000 | $25,505,000 | $23,856,000 | $25,085,000 |
| Depreciation Amortization Depletion Income Statement | $4,168,000 | $5,588,000 | $7,499,000 | $6,960,000 |
| Gross Profit | $41,915,000 | $46,921,000 | $44,052,000 | $47,054,000 |
| Total Operating Income As Reported | - | - | - | $24,974,000 |
| Per Share | ||||
| Diluted EPS | $0.61 | $1.06 | $0.53 | $0.16 |
| Basic EPS | $0.65 | $1.19 | $0.55 | $0.16 |
| Other | ||||
| Tax Effect Of Unusual Items | $3,788,610 | $11,199,300 | $6,357,960 | $47,125 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $27,911,000 | $32,546,000 | $31,395,000 | $32,760,000 |
| Total Unusual Items | $18,041,000 | $53,330,000 | $30,276,000 | $2,530,000 |
| Total Unusual Items Excluding Goodwill | $18,041,000 | $53,330,000 | $30,276,000 | $2,530,000 |
| Reconciled Depreciation | $4,168,000 | $5,588,000 | $7,499,000 | $6,960,000 |
| EBITDA (Bullshit earnings) | $45,952,000 | $85,876,000 | $61,671,000 | $35,290,000 |
| EBIT | $41,784,000 | $80,288,000 | $54,172,000 | $28,330,000 |
| Diluted Average Shares | $51,255,000 | $55,987,000 | $58,292,000 | $50,953,000 |
| Basic Average Shares | $44,196,000 | $47,546,000 | $50,243,000 | $50,953,000 |
| Diluted NI Availto Com Stockholders | $28,797,000 | $56,428,000 | $27,786,000 | $8,401,000 |
| Otherunder Preferred Stock Dividend | $165,000 | $513,000 | $157,000 | $63,000 |
| Preferred Stock Dividends | $2,583,000 | $2,970,000 | $2,970,000 | $3,210,000 |
| Minority Interests | $-627,000 | $-1,539,000 | $-768,000 | $-286,000 |
| Tax Provision | $-15,000 | $-16,000 | $-166,000 | $227,000 |
| Gain On Sale Of Ppe | $35,864,000 | $54,148,000 | $36,133,000 | $2,641,000 |
| Impairment Of Capital Assets | $17,821,000 | $790,000 | $5,840,000 | $0 |
| Restructuring And Mergern Acquisition | $2,000 | $28,000 | $17,000 | $111,000 |
| Selling General And Administration | $14,652,000 | $15,725,000 | $12,553,000 | $14,879,000 |
| Other Gand A | $14,652,000 | $15,725,000 | $12,553,000 | $14,879,000 |
| Write Off | - | - | $5,840,000 | $0 |
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $459,353,000 | $477,831,000 | $511,141,000 | $576,025,000 |
| Total Assets | $719,065,000 | $869,648,000 | $1,022,002,000 | $1,160,149,000 |
| Total Non Current Assets | $622,816,000 | $728,895,000 | $974,961,000 | $1,117,334,000 |
| Other Non Current Assets | $1,993,000 | $2,179,000 | $2,447,000 | - |
| Financial Assets | $141,000 | $498,000 | $1,707,000 | $2,084,000 |
| Goodwill And Other Intangible Assets | $0 | $4,080,000 | $4,741,000 | $4,761,000 |
| Current Assets | $96,249,000 | $140,753,000 | $47,041,000 | $42,815,000 |
| Assets Held For Sale Current | $0 | $61,000 | $28,000 | $33,000 |
| Inventory | $2,316,000 | $2,659,000 | $2,335,000 | $2,808,000 |
| Receivables | $84,640,000 | $59,592,000 | $38,763,000 | $28,976,000 |
| Receivables Adjustments Allowances | $-2,158,000 | $-281,000 | $-168,000 | $-92,000 |
| Accrued Interest Receivable | $-2,416,000 | $-2,209,000 | $60,000 | $2,000 |
| Notes Receivable | $84,806,000 | $57,795,000 | $31,128,000 | $22,011,000 |
| Accounts Receivable | $4,408,000 | $4,287,000 | $7,743,000 | $7,055,000 |
| Cash Cash Equivalents And Short Term Investments | $9,293,000 | $78,441,000 | $5,489,000 | $7,654,000 |
| Cash And Cash Equivalents | $9,293,000 | $78,441,000 | $5,489,000 | $7,654,000 |
| Other Intangible Assets | - | $1,374,000 | $2,035,000 | $2,055,000 |
| Prepaid Assets | - | $0 | $426,000 | $148,000 |
| Non Current Deferred Assets | - | - | $0 | $63,000 |
| Other Current Assets | - | - | $2,447,000 | $3,196,000 |
| Non Current Prepaid Assets | - | - | - | - |
| Cash Financial | - | - | - | - |
| Debt | ||||
| Net Debt | $151,549,000 | $125,242,000 | $355,370,000 | $429,221,000 |
| Total Debt | $161,011,000 | $203,877,000 | $361,258,000 | $437,200,000 |
| Long Term Debt And Capital Lease Obligation | $161,011,000 | $203,877,000 | $361,258,000 | $437,200,000 |
| Long Term Debt | $160,842,000 | $203,683,000 | $360,859,000 | $436,875,000 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $181,095,000 | $273,091,000 | $391,192,000 | $455,935,000 |
| Total Non Current Liabilities Net Minority Interest | $161,011,000 | $203,877,000 | $361,258,000 | $437,200,000 |
| Current Liabilities | $20,084,000 | $69,214,000 | $29,934,000 | $18,735,000 |
| Current Deferred Liabilities | $1,243,000 | $1,153,000 | $2,149,000 | $44,000 |
| Payables And Accrued Expenses | $18,841,000 | $68,061,000 | $27,785,000 | $18,691,000 |
| Interest Payable | $2,116,000 | $3,062,000 | $4,747,000 | $4,135,000 |
| Payables | $12,894,000 | $58,903,000 | $15,184,000 | $5,341,000 |
| Dividends Payable | $11,483,000 | $57,253,000 | $13,286,000 | $3,333,000 |
| Total Tax Payable | $1,411,000 | $1,650,000 | $1,898,000 | $2,008,000 |
| Derivative Product Liabilities | - | - | - | $0 |
| Non Current Deferred Liabilities | - | - | - | - |
| Equity | ||||
| Common Stock Equity | $459,353,000 | $481,911,000 | $515,882,000 | $580,786,000 |
| Total Equity Gross Minority Interest | $537,970,000 | $596,557,000 | $630,810,000 | $704,214,000 |
| Stockholders Equity | $459,353,000 | $481,911,000 | $515,882,000 | $580,786,000 |
| Gains Losses Not Affecting Retained Earnings | $350,000 | $1,512,000 | $2,691,000 | $3,306,000 |
| Other Equity Adjustments | $350,000 | $1,512,000 | $2,691,000 | $3,306,000 |
| Retained Earnings | $-62,327,000 | $-72,054,000 | $-64,528,000 | $-70,397,000 |
| Long Term Equity Investment | $4,245,000 | $4,101,000 | $4,136,000 | $4,185,000 |
| Other | ||||
| Ordinary Shares Number | $43,093,127 | $45,931,827 | $48,002,716 | $54,318,312 |
| Share Issued | $43,093,127 | $45,931,827 | $48,002,716 | $54,318,312 |
| Tangible Book Value | $459,353,000 | $477,831,000 | $511,141,000 | $576,025,000 |
| Invested Capital | $620,195,000 | $685,594,000 | $876,741,000 | $1,017,661,000 |
| Working Capital | $76,165,000 | $71,539,000 | $17,107,000 | $24,080,000 |
| Capital Lease Obligations | $169,000 | $194,000 | $399,000 | $325,000 |
| Total Capitalization | $620,195,000 | $685,594,000 | $876,741,000 | $1,017,661,000 |
| Minority Interest | $78,617,000 | $114,646,000 | $114,928,000 | $123,428,000 |
| Additional Paid In Capital | $520,899,000 | $551,994,000 | $577,237,000 | $647,346,000 |
| Capital Stock | $431,000 | $459,000 | $482,000 | $531,000 |
| Common Stock | $431,000 | $459,000 | $482,000 | $531,000 |
| Long Term Capital Lease Obligation | $169,000 | $194,000 | $399,000 | $325,000 |
| Current Deferred Revenue | $1,243,000 | $1,153,000 | $2,149,000 | $44,000 |
| Current Accrued Expenses | $5,947,000 | $9,158,000 | $12,601,000 | $13,350,000 |
| Investments And Advances | $4,245,000 | $4,101,000 | $4,136,000 | $4,185,000 |
| Investment Properties | $616,268,000 | $717,843,000 | $961,531,000 | $1,105,916,000 |
| Goodwill | $0 | $2,706,000 | $2,706,000 | $2,706,000 |
| Net PPE | $169,000 | $194,000 | $399,000 | $325,000 |
| Gross PPE | $169,000 | $194,000 | $399,000 | $325,000 |
| Other Properties | $169,000 | $194,000 | $399,000 | $325,000 |
| Finished Goods | $2,316,000 | $2,659,000 | $2,335,000 | $2,808,000 |
| Preferred Stock | - | - | - | - |
| Non Current Deferred Revenue | - | - | - | - |
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $17,426,000 | $16,142,000 | $12,887,000 | $17,051,000 |
| Operating Activities | ||||
| Operating Cash Flow | $17,426,000 | $16,142,000 | $12,887,000 | $17,051,000 |
| Cash Flow From Continuing Operating Activities | $17,426,000 | $16,142,000 | $12,887,000 | $17,051,000 |
| Operating Gains Losses | $-35,988,000 | $-53,382,000 | $-36,134,000 | $-2,531,000 |
| Investing Activities | ||||
| Investing Cash Flow | $63,397,000 | $268,754,000 | $158,461,000 | $-60,398,000 |
| Cash Flow From Continuing Investing Activities | $63,397,000 | $268,754,000 | $158,461,000 | $-60,398,000 |
| Net Other Investing Changes | $-24,333,000 | $-23,988,000 | $-9,093,000 | $-17,935,000 |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $-37,824,000 | $-27,534,000 | $-80,705,000 | $-10,158,000 |
| Issuance Of Capital Stock | $0 | $34,000 | $155,000 | $121,374,000 |
| Financing Cash Flow | $-149,971,000 | $-211,944,000 | $-173,513,000 | $20,830,000 |
| Cash Flow From Continuing Financing Activities | $-149,971,000 | $-211,944,000 | $-173,513,000 | $20,830,000 |
| Net Other Financing Charges | $-2,451,000 | $-1,323,000 | $-1,087,000 | $-1,809,000 |
| Cash Dividends Paid | $-66,714,000 | $-24,600,000 | $-15,483,000 | $-14,636,000 |
| Preferred Stock Dividend Paid | $-2,970,000 | $-2,970,000 | $-3,210,000 | $-3,510,000 |
| Common Stock Dividend Paid | $-63,744,000 | $-21,630,000 | $-12,273,000 | $-11,126,000 |
| Net Common Stock Issuance | $-37,824,000 | $-27,500,000 | $-72,450,000 | $121,374,000 |
| Common Stock Issuance | $0 | $34,000 | $155,000 | $121,374,000 |
| Dividends Received Cfi | $50,000 | $161,000 | $50,000 | $0 |
| Net Preferred Stock Issuance | - | $0 | $-8,100,000 | $-10,158,000 |
| Other | ||||
| Repayment Of Debt | $-74,483,000 | $-239,522,000 | $-155,894,000 | $-296,941,000 |
| Issuance Of Debt | $31,501,000 | $81,001,000 | $79,501,000 | $223,000,000 |
| Interest Paid Supplemental Data | $10,863,000 | $20,958,000 | $22,450,000 | $0 |
| Income Tax Paid Supplemental Data | $0 | $0 | $0 | $0 |
| End Cash Position | $9,293,000 | $78,441,000 | $5,489,000 | $7,654,000 |
| Beginning Cash Position | $78,441,000 | $5,489,000 | $7,654,000 | $30,171,000 |
| Changes In Cash | $-69,148,000 | $72,952,000 | $-2,165,000 | $-22,517,000 |
| Common Stock Payments | $-37,824,000 | $-27,534,000 | $-72,605,000 | $0 |
| Net Issuance Payments Of Debt | $-42,982,000 | $-158,521,000 | $-76,393,000 | $-73,941,000 |
| Net Long Term Debt Issuance | $-42,982,000 | $-158,521,000 | $-76,393,000 | $-73,941,000 |
| Long Term Debt Payments | $-74,483,000 | $-239,522,000 | $-155,894,000 | $-296,941,000 |
| Long Term Debt Issuance | $31,501,000 | $81,001,000 | $79,501,000 | $223,000,000 |
| Net Investment Properties Purchase And Sale | $-7,845,000 | $-19,391,000 | $-27,983,000 | $-58,757,000 |
| Purchase Of Investment Properties | $-7,845,000 | $-19,391,000 | $-27,983,000 | $-58,757,000 |
| Net PPE Purchase And Sale | $95,525,000 | $311,972,000 | $195,487,000 | $16,999,000 |
| Sale Of PPE | $95,525,000 | $311,972,000 | $195,487,000 | $16,999,000 |
| Change In Working Capital | $-1,853,000 | $213,000 | $1,189,000 | $-2,184,000 |
| Change In Other Working Capital | $303,000 | $759,000 | $564,000 | $56,000 |
| Change In Other Current Assets | $295,000 | $1,205,000 | $112,000 | $-139,000 |
| Change In Payables And Accrued Expense | $-2,725,000 | $-3,203,000 | $-762,000 | $102,000 |
| Change In Accrued Expense | $-2,744,000 | $-2,543,000 | $-898,000 | $-150,000 |
| Change In Interest Payable | $-947,000 | $-1,982,000 | $611,000 | $1,383,000 |
| Change In Payable | $19,000 | $-660,000 | $136,000 | $252,000 |
| Change In Tax Payable | $19,000 | $-660,000 | $136,000 | $252,000 |
| Change In Income Tax Payable | $19,000 | $-660,000 | $136,000 | $252,000 |
| Change In Inventory | $343,000 | $-324,000 | $473,000 | $251,000 |
| Change In Receivables | $-69,000 | $1,776,000 | $802,000 | $-2,454,000 |
| Changes In Account Receivables | $-121,000 | $1,844,000 | $865,000 | $-2,335,000 |
| Other Non Cash Items | $-2,113,000 | $-862,000 | $670,000 | $341,000 |
| Stock Based Compensation | $2,156,000 | $2,346,000 | $1,853,000 | $1,940,000 |
| Provisionand Write Offof Assets | $1,877,000 | $113,000 | $76,000 | $92,000 |
| Asset Impairment Charge | $17,821,000 | $790,000 | $5,855,000 | $24,000 |
| Amortization Of Securities | $-814,000 | $-114,000 | $198,000 | $449,000 |
| Depreciation Amortization Depletion | $4,168,000 | $5,588,000 | $7,499,000 | $6,960,000 |
| Earnings Losses From Equity Investments | $-194,000 | $-125,000 | $-1,000 | $-52,000 |
| Net Income From Continuing Operations | $32,172,000 | $61,450,000 | $31,681,000 | $11,960,000 |
| Preferred Stock Payments | - | $0 | $-8,100,000 | $-10,158,000 |
| Net Business Purchase And Sale | - | - | $0 | $-705,000 |
| Purchase Of Business | - | - | $0 | $-705,000 |