YOLFTbeta
Farmland Partners Inc

Farmland Partners Inc

FPI · NYSE · Real Estate / REIT - Specialty

9.00USD+0.08 (+0.90%)

Price History

Full chart

Market Stats

Previous Close8.92
Open8.99
Day Range8.86 – 9.02
52-Week Range8.96 – 13.00
Volume952.37K
Market Cap477.01M
P/E (TTM)21.29
Forward P/E161.29
EPS0.51
Dividend Yield3.36%
Beta0.71
50-Day Avg10.15
200-Day Avg10.66

About

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 June 30, 2026, the Company owned approximately 70,100 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.

Company Details

  • SectorReal Estate
  • IndustryREIT - Specialty
  • CEOMr. Luca Fabbri
  • Employees11
  • Headquarters4600 South Syracuse Street, Denver, CO, United States, 80237-2766, USA
  • Websitehttps://www.farmlandpartners.com

Leadership

  • Mr. Paul A. Pittman J.D.Executive Chairman · b. 1962
  • Mr. Luca FabbriPresident, CEO & Board Director · b. 1969
  • Ms. Christine M. Garrison J.D.General Counsel & Corporate Secretary · b. 1979
  • Ms. Susan M. LandiCFO & Treasurer · b. 1977
  • Mr. Richard KeckVice President of Operations

Financials

Income Statement

Currency: USD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue2.12M2.35M4.22M13.76M31.00M46.22M56.07M53.56M50.69M51.74M61.21M57.47M58.23M52.18M
Growth (%)-+10.69%+79.49%+226.12%+125.36%+49.09%+21.31%-4.47%-5.37%+2.07%+18.31%-6.12%+1.32%-10.39%
Cost of Revenue185.62K26.80K248.64K1.10M2.38M5.90M7.83M8.82M10.74M8.86M14.16M13.41M11.30M18.60M
Gross Profit1.94M2.32M3.97M12.65M28.62M40.32M48.23M44.74M39.95M42.88M47.05M44.05M46.92M33.58M
Gross Margin91.26%98.86%94.11%91.98%92.33%87.24%86.03%83.53%78.82%82.88%76.87%76.66%80.58%64.35%
Operating Expense189.16K946.76K3.41M6.44M12.99M17.79M18.54M18.40M17.62M26.10M22.08M20.20M21.42M10.53M
Operating Income1.75M1.38M556.85K6.22M15.63M22.53M29.69M26.34M22.33M16.79M24.97M23.86M25.50M23.05M
Operating Margin82.35%58.57%13.20%45.19%50.42%48.74%52.96%49.17%44.05%32.44%40.80%41.51%43.80%44.18%
EBITDA1.89M1.53M-486.74K7.37M17.19M30.51M38.42M42.76M30.31M24.52M35.29M61.67M85.88M45.95M
EBITDA Margin88.90%64.89%-11.54%53.58%55.44%66.01%68.52%79.83%59.80%47.38%57.65%107.32%147.49%88.07%
Net Income586.35K34.17K-568.19K1.23M4.30M7.91M12.25M13.89M7.12M9.99M11.67M30.91M59.91M31.55M
Net Income Margin27.62%1.45%-13.47%8.92%13.88%17.12%21.86%25.92%14.04%19.31%19.07%53.79%102.89%60.46%
R&D--000.190.20.250.280.150.20.20.55--
R&D as % of Total Revenue--0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense1.16M1.34M1.37M4.62M9.96M13.56M18.80M19.59M17.68M15.93M16.14M22.66M18.85M9.63M
Interest Expense % of Total Revenue54.73%57.12%32.53%33.56%32.12%29.34%33.53%36.57%34.87%30.79%26.37%39.43%32.38%18.45%

Balance Sheet

Currency: USD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets36.91M39.67M201.02M344.95M655.53M1.17B1.14B1.10B1.09B1.12B1.16B1.02B868.56M719.07M
Total Liabilities36.58M44.39M117.50M206.42M439.94M530.40M535.97M646.15M645.31M528.94M455.94M391.19M272.00M181.09M
Total Equity333.37K-4.72M66.36M138.53M215.59M635.68M603.54M456.41M445.68M458.31M580.79M515.88M481.91M459.35M
Cash42.95K16.80K33.74M23.51M47.17M53.54M16.89M12.56M27.22M30.17M7.65M5.49M78.44M9.29M
Total Debt36.20M43.07M113.88M374.15M308.78M514.07M525.37M513.12M509.62M511.43M437.20M361.26M203.88M161.18M
Net Debt36.16M43.05M80.14M163.56M261.61M460.54M506.75M498.92M479.50M481.26M429.55M355.77M125.44M151.89M

Cash Flow

Currency: USD2012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow774.97K23.62K1.78M7.69M5.04M929.00K20.00M17.99M19.73M7.86M17.05M12.89M16.14M17.43M
Investing Cash Flow-4.25M-1.65M-126.30M-119.69M-137.40M-234.11M-15.86M31.05M18.67M-18.77M-60.40M158.46M268.75M63.40M
Financing Cash Flow3.50M1.60M158.23M101.77M156.01M239.55M-40.78M-53.38M-23.74M13.87M20.83M-173.51M-211.94M-149.97M
Capital Expenditure439.17K502.23K46.30K116.88M131.78M21.58M12.79M26.15M3.57M83.89M58.76M5.83M19.39M7.84M
Free Cash Flow335.80K-478.61K1.74M7.69M-126.73M-20.65M7.22M17.99M19.73M7.86M17.05M12.89M16.14M17.43M
Dividends Paid2.97M6.76M1.66M4.43M6.60M20.95M27.00M18.66M18.28M16.41M14.64M15.48M24.60M63.74M
FCF to OCF43.33%-2026.37%97.40%100.00%-2514.08%-2222.50%36.08%100.00%100.00%100.00%100.00%100.00%100.00%100.00%
Dividend Paid to FCF885.47%-1413.46%95.52%57.54%-5.21%-101.46%374.01%103.71%92.65%208.91%85.84%120.14%152.40%365.80%

Earnings

Report DateMay 20, 2014Aug 12, 2014Oct 28, 2014Feb 25, 2015May 5, 2015Jul 28, 2015Nov 9, 2015Mar 14, 2016May 9, 2016Aug 3, 2016Nov 2, 2016Feb 22, 2017May 8, 2017Jul 19, 2017Nov 8, 2017Mar 1, 2018May 9, 2018Aug 8, 2018Nov 5, 2018Mar 13, 2019May 8, 2019Aug 6, 2019Nov 11, 2019Mar 11, 2020May 7, 2020Aug 10, 2020Nov 9, 2020Mar 17, 2021May 13, 2021Aug 4, 2021Oct 27, 2021Feb 22, 2022May 3, 2022Jul 26, 2022Oct 24, 2022Feb 22, 2023May 3, 2023Jul 26, 2023Oct 25, 2023Feb 28, 2024Apr 30, 2024Jul 24, 2024Oct 30, 2024Feb 19, 2025May 7, 2025Jul 23, 2025Oct 29, 2025Feb 18, 2026Apr 29, 2026Jul 29, 2026Nov 4, 2026
EPS Estimate0.02-0.600.020.010.110.080.050.070.080.040.080.060.050.01-0.020.06-0.07-0.03-0.020.22-0.07-0.09-0.030.14-0.10-0.08-0.060.22-0.07-0.13-0.110.13-0.02-0.01-0.010.17-0.01-0.03-0.060.23-0.04-0.04-0.041.100.01-0.01-0.010.200.040.020.02
EPS Actual0.01-0.100.01-0.05-0.020.150.060.040.14-0.060.070.26-0.100.030.010.07-0.08-0.070.020.09-0.100.08-0.150.09-0.09-0.10-0.090.06-0.02-0.19-0.170.220.010.040.010.110.02-0.080.150.330.01-0.060.021.080.01-0.010.030.250.020.04-
Surprise-50.00%83.33%-50.00%-600.00%-118.18%87.50%20.00%-42.86%75.00%-250.00%-12.50%333.33%-300.00%200.00%150.00%16.67%-14.29%-133.33%200.00%-59.09%-42.86%188.89%-400.00%-35.71%10.00%-25.00%-50.00%-72.73%71.43%-46.15%-54.55%69.23%150.00%500.00%200.00%-35.29%300.00%-166.67%350.00%43.48%125.00%-50.00%150.00%-1.82%0.00%-49.25%400.00%25.00%-50.00%100.00%-
TimingPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketPre-marketAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours-After-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap477.01M
Enterprise Value683.67M
Trailing P/E21.29
Forward P/E161.29
PEG Ratio0.00
Price / Sales9.34
Price / Book1.02
EPS0.51
Book Value10.61
Revenue (TTM)51.06M
Gross Profit (TTM)42.21M
EBITDA26.78M
Profit Margin50.24%
Operating Margin36.32%
Return on Equity5.03%
Return on Assets1.96%
Shares Outstanding43.63M
Shares Float39.85M
Beta0.71
Dividend Yield3.36%
Dividend Rate0.36
Payout Ratio97.06%

Analyst Ratings

Buy
Based on 4 analystsTarget 10.50
  • Strong Buy
    1
  • Buy
    1
  • Hold
    2

Ownership Breakdown

Institutions
54.95%
Insiders
7.91%
Retail / Other
37.14%

Top Institutional Holders

  • BlackRock Inc
    3.85M8.82%
  • Vanguard Portfolio Management, LLC
    2.04M4.68%
  • Vanguard Capital Management, LLC
    1.72M3.94%
  • Two Sigma Investments LLC
    1.15M2.63%
  • Geode Capital Management, LLC
    1.07M2.46%
  • Deutsche Bank AG
    933.74K2.14%
  • State Street Corp
    912.48K2.09%
  • Uniplan Investment Counsel, Inc.
    826.00K1.89%
  • Marshall Wace Asset Management Ltd
    401.97K0.92%
  • Charles Schwab Investment Management Inc
    386.76K0.89%
  • Tudor Investment Corp Et AL
    355.96K0.82%
  • Northern Trust Corp
    340.70K0.78%
  • Morgan Stanley - Brokerage Accounts
    336.01K0.77%

Top Fund Holders

  • Vanguard Real Estate Index Investor
    1.52M3.48%
  • Vanguard MStar Total Stk Mkt Idx Invest
    1.23M2.83%
  • iShares Russell 2000 ETF
    1.08M2.47%
  • DWS Small Cap Core S
    900.00K2.06%
  • Fidelity Small Cap Index
    464.32K1.06%
  • iShares Russell 2000 Value ETF
    368.69K0.84%
  • Schwab US REIT ETF™
    316.87K0.73%

Dividends

20264×
0.09Oct 1, 20260.09Jul 1, 20260.09Apr 1, 20260.06Jan 2, 2026
20255×
0.20Dec 23, 20250.06Oct 1, 20250.06Jul 1, 20250.06Apr 1, 20250.06Jan 2, 2025
20244×
1.15Dec 23, 20240.06Oct 1, 20240.06Jul 1, 20240.06Mar 28, 2024
20235×
0.06Dec 29, 20230.21Dec 28, 20230.06Sep 29, 20230.06Jun 30, 20230.06Mar 31, 2023
20224×
0.06Dec 29, 20220.06Sep 29, 20220.06Jun 30, 20220.05Mar 31, 2022
20212×
0.05Dec 31, 20210.05Sep 30, 2021

Stock Splits

  • Oct 17, 20141:4