8-K Announcements
6Material company update
Apr 30, 2026·SEC
Material company update
Apr 29, 2026·SEC
Material company update
Feb 18, 2026·SEC
Farmland Partners Inc.(FPI)Earnings, Financials & Key Ratios
FPI•NYSE•REIT / Real Estate
$9.58
15.5× P/E·Price updated Jul 7, 2026
AboutFarmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. As of the date of this release, the Company owns approximately 155,000 acres in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota and Virginia. We have approximately 26 crop types and over 100 tenants. 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.Show more
- Revenue$52M-10.4%
- FFO$36M-45.5%
- FFO/Share0.70-40.4%
- FFO Payout178.49%+440.5%
- FFO per Share0.70-40.4%
- NOI Margin64.35%-20.1%
- FFO Margin68.44%-39.2%
- ROE5.56%-43.0%
- ROA3.97%-37.3%
FPI Price & Volume
Farmland Partners Inc. (FPI) stock price & volume — 10-year historical chart
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Asset Disposition Strategy Masks Core Earnings Volatility
Investment Thesis • Updated 2026Q1
VerdictNeutral
Growth:Mixed
Profitability:Moderate
Financial:Healthy
Cash Flow:Mixed
Primary Risk:Commodity price volatility exposure
Key Thesis Takeaways
- Farmland Partners Inc.
- is currently navigating a transition toward a leaner capital structure, evidenced by a reduction in total debt from $381.2M in 2024Q1 to $231.9M by 2026Q1.
- While the company's strategic asset sales have bolstered the balance sheet, investors should remain cautious as core earnings remain heavily dependent on non-recurring gains rather than stable rental income.
- The long-term outlook remains contingent on the company's ability to stabilize FFO, which has experienced extreme swings, including a decline to negative $0.01 per share in 2024Q2.
Verdict Logic
while the balance sheet has strengthened, the 12.5% dividend yield appears unsustainable given the extreme volatility in FFO and the frequent reliance on asset dispositions to maintain liquidity.
FPI Growth Metrics
Farmland Partners Inc. (FPI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years14.26%
5 Years0.58%
3 Years-5.18%
TTM-4.71%
Profit CAGR
10 Years38.36%
5 Years34.68%
3 Years39.28%
TTM-50.21%
EPS CAGR
10 Years22.72%
5 Years-
3 Years57.07%
TTM-40.58%
Return on Capital
10 Years2.46%
5 Years2.38%
3 Years2.71%
Last Year3.03%
FPI Recent Earnings
Farmland Partners Inc. (FPI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
Apr 29, 2026Metric
Actual
Est
EPS
$0.05+25.0%
$0.04
Rev
$6M+11.1%
$6M
Q1 2026
Feb 18, 2026Metric
Actual
Est
EPS
$0.25+19.0%
$0.21
Rev
$17M+17.0%
$14M
Q4 2025
Oct 29, 2025Metric
Actual
Est
EPS
$0.07+16.7%
$0.06
Rev
$11M-34.4%
$17M
Q3 2025
Jul 23, 2025Metric
Actual
Est
EPS
$0.03-25.0%
$0.04
Rev
$10M-6.0%
$11M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Apr 29, 2026 | $0.05vs $0.04+25.0% | $6Mvs $6M+11.1% |
| Q1 2026 | Feb 18, 2026 | $0.25vs $0.21+19.0% | $17Mvs $14M+17.0% |
| Q4 2025 | Oct 29, 2025 | $0.07vs $0.06+16.7% | $11Mvs $17M-34.4% |
| Q3 2025 | Jul 23, 2025 | $0.03vs $0.04-25.0% | $10Mvs $11M-6.0% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for Farmland Partners Inc. (FPI)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $9.58 | $417.97M | 15.45 | -10.39% | 60.46% | 5.56% | 12.98% | |
| $8.56 | $369.25M | -29.52 | 3.66% | -6.68% | -0.87% | — | |
| $200.27 | $2.18B | 12.05 | -18.86% | 15.53% | 12.57% | — | |
| $2.97 | $69.88M | -3.13 | -39.65% | -60.69% | -7.44% | — | |
| $165.25 | $76.99B | 30.66 | 5.11% | 26.6% | 27.44% | — | |
| $61.81 | $1.77B | 15.73 | -13.8% | 45.58% | 6.41% | — |
Compare FPI vs Peers
Farmland Partners Inc. (FPI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FPI SEC Filings & Documents
Farmland Partners Inc. (FPI) SEC filings — annual & quarterly reports (10-K, 10-Q)
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FPI Frequently Asked Questions
Farmland Partners Inc. (FPI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Farmland Partners Inc.'s revenue?
Farmland Partners Inc. (FPI) reported $53.8M in revenue for fiscal year 2025. This represents a 2435% increase from $2.1M in 2012.
How fast is Farmland Partners Inc. growing?
Farmland Partners Inc. (FPI) saw revenue decline by 10.4% over the past year.
Is FPI profitable?
Yes, Farmland Partners Inc. (FPI) is profitable, generating $30.1M in net income for fiscal year 2025 (60.5% net margin).
Dividend & Returns
Does FPI pay dividends?
Yes, Farmland Partners Inc. (FPI) pays a dividend with a yield of 12.98%. This makes it attractive for income-focused investors.
What is FPI's return on equity?
Farmland Partners Inc. (FPI) has a return on equity (ROE) of 5.6%. This is below average, suggesting room for improvement.
Industry Metrics
What is Farmland Partners Inc.'s FFO?
Farmland Partners Inc. (FPI) generated Funds From Operations (FFO) of $34.1M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Is FPI a good dividend stock?
Farmland Partners Inc. (FPI) offers a 12.98% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.