Farmland Partners Inc. FPI R2K
Real Estate · REIT - Specialty · United States
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.
READ MORE ›$10.27
-5.07% 1Y
Market & Price
Market Cap
$455.64M
Current Price
$10.27
High / Low (52W)
$12.94 / $9.08
Beta
0.70
Valuation
Stock P/E
17.41
Industry PE
26.58
Forward P/E
51.35
PEG Ratio
-
Book Value
$10.62
Price to Book
0.97
P/S
8.83
EV/EBITDA
25.23
Dividend Yield
3.51%
Profitability & Returns
ROCE
5.98%
ROE
5.82%
ROA
1.84%
Profit Margin
58.41%
Op Margin
35.06%
EPS (Latest Qtr)
$0.01
EPS (TTM)
$0.59
Balance Sheet & Liquidity
Debt/Equity
0.50
Quick Ratio
0.60
Current Ratio
1.93
Debt
$231.91M
Total Assets
$719.07M
Current Assets
$96.25M
Working Capital
$76.17M
Ownership
Promoter Holding
7.90%
Chg in Prom Hold
-
FII / Inst Holding
54.87%
Chg in FII Hold
0.00%
Financial Snapshot
Enterprise Value
$662.67M
Total Revenue (TTM)
$51.61M
EBITDA
$26.27M
Free Cash Flow
$3.86M
Operating Cash Flow
$19.30M
Shares Outstanding
43.62M
Gross Margin
81.37%
Payout Ratio
45.76%
Growth (CAGR)
Revenue 5Y
-5.18%
Profit 5Y
39.28%
Revenue (YoY)
-1.70%
Earnings (YoY)
-66.30%
PROS
- Excellent profit margin of 58.4%.
- Profit CAGR of 39.3% over 5 years.
- Attractive dividend yield of 3.51%.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Revenue declined at -5.2% CAGR over 5 years.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Real Estate).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | FPI Farmland Partners Inc. R2K | 10.27 | 17.41 | $455.64M | 3.51% | 5.98% | 5.82% | -5.18% | 39.28% |
| 2 | WELL Welltower Inc. SPX | 205.33 | 99.19 | $144.95B | 1.44% | 0.26% | 3.67% | 22.69% | 87.90% |
| 3 | PLD Prologis, Inc. SPX | 143.47 | 36.14 | $133.76B | 2.98% | 4.94% | 6.84% | 13.74% | -0.36% |
| 4 | EQIX Equinix, Inc. SPX | 1,068.04 | 74.07 | $105.33B | 1.84% | 5.61% | 10.06% | 8.27% | 24.18% |
| 5 | AMT American Tower Corporation SPX | 186.96 | 30.11 | $87.10B | 3.73% | 7.82% | 29.95% | 3.34% | 12.73% |
| 6 | SPG Simon Property Group, Inc. SPX | 204.91 | 14.25 | $77.86B | 4.29% | 17.44% | 113.59% | 6.35% | 29.32% |
| 7 | DLR Digital Realty Trust, Inc. SPX | 190.00 | 50.53 | $67.96B | 2.57% | 3.99% | 5.69% | 9.22% | 51.32% |
| 8 | O Realty Income Corporation SPX | 61.28 | 50.23 | $57.14B | 5.30% | 3.27% | 2.83% | 19.80% | 6.78% |
| 9 | PSA Public Storage SPX | 303.69 | 31.34 | $53.31B | 3.95% | 10.69% | 20.18% | 4.88% | -25.69% |
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Quarterly Results
Figures in USD.
| Metric | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 | Jun 2017 | Sep 2017 | Dec 2017 | Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 6.03M | 6.95M | - | 7.15M | 11.46M | 12.05M | 15.56M | 11.21M | 11.42M | 12.55M | 20.89M | 10.89M | 10.95M | 9.85M | 21.88M | 11.65M | 10.52M | 10.60M | 17.92M | 11.57M | 10.01M | 10.11M | 20.05M | 13.89M | 12.36M | 13.14M | 21.82M | 12.67M | 11.58M | 11.62M | 21.59M | 11.99M | 11.45M | - | - | 10.25M | 9.96M | 11.25M | 20.71M | 10.10M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.14M | 3.07M | 3.25M | 1.80M | 1.50M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 8.11M | 6.89M | 8.00M | 18.92M | 8.60M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 4.25M | 4.21M | 3.99M | 6.41M | 5.02M |
| Operating Income | 3.23M | 2.19M | - | 708.00K | 5.55M | 6.11M | - | 4.82M | 5.19M | 6.16M | - | 4.52M | 3.95M | 3.23M | - | 5.29M | 3.69M | 3.65M | - | 3.10M | 955.00K | 1.43M | - | 4.32M | 3.46M | 4.72M | - | 4.84M | 2.76M | 15.00K | - | - | - | - | - | 3.86M | 2.69M | 4.01M | 12.51M | 3.58M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5.92M | 11.35M | 3.69M | 24.99M | 4.28M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.64M | 2.44M | 2.27M | 2.28M | 2.72M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.11M | 7.78M | 483.00K | 21.78M | 653.00K |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 17.00K | -8.00K | -8.00K | -16.00K | 7.00K |
| Net Income | 872.00K | 70.00K | - | -1.63M | 1.69M | 2.22M | - | 441.00K | 860.00K | 3.64M | - | 8.00K | 6.05M | -1.36M | - | 394.00K | 162.00K | 527.00K | - | 2.36M | -2.73M | -2.55M | - | 1.11M | 2.92M | 1.09M | - | 1.68M | 7.71M | 4.21M | - | 1.37M | -2.00M | - | - | 2.04M | 7.60M | 483.00K | 21.42M | 640.00K |
| Diluted EPS | 0.00 | -0.06 | 0.18 | -0.10 | 0.02 | 0.01 | 0.07 | -0.08 | -0.07 | 0.02 | 0.09 | -0.10 | 0.08 | -0.15 | 0.09 | -0.09 | -0.10 | -0.09 | 0.06 | -0.02 | -0.19 | -0.17 | 0.12 | 0.00 | 0.04 | 0.01 | 0.09 | 0.02 | 0.12 | 0.07 | 0.30 | 0.01 | -0.06 | 0.02 | - | 0.03 | 0.14 | 0.00 | - | 0.01 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | 31.00M | 46.22M | 56.07M | 53.56M | 50.69M | - | 61.21M | 57.47M | 58.23M | 52.18M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | 14.16M | 13.41M | 11.30M | 10.26M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | 47.05M | 44.05M | 46.92M | 41.91M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | 21.97M | 20.20M | 21.42M | 18.86M |
| Operating Income | 1.75M | 1.38M | 557.00K | 6.22M | 15.63M | 22.53M | 29.69M | 26.34M | 22.33M | - | 25.09M | 23.86M | 25.50M | 23.06M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | 35.29M | 61.67M | 85.88M | 45.95M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | 16.14M | 22.66M | 18.85M | 9.63M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | 12.19M | 31.52M | 61.43M | 32.16M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | 227.00K | -166.00K | -16.00K | -15.00K |
| Net Income | 586.35K | 34.17K | -568.00K | 1.23M | 4.30M | 7.91M | 12.25M | 13.89M | 7.12M | - | 11.67M | 30.91M | 59.91M | 31.55M |
| Diluted EPS | - | - | -0.15 | 0.08 | 0.09 | 0.03 | -0.01 | 0.04 | -0.18 | - | 0.16 | 0.53 | 1.06 | 0.61 |
Compounded Sales Growth
| 5 Years: | -5.18% |
| 1 Year: | -1.70% |
Compounded Profit Growth
| 5 Years: | 39.28% |
| 1 Year: | -66.30% |
Stock Price Performance
| 1 Year: | -5.07% |
| 6 Months: | +10.05% |
| 3 Months: | -20.61% |
| 1 Month: | -10.54% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2011 | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 39.67M | 200.66M | 344.95M | 655.53M | 1.17B | 1.14B | 1.10B | 1.09B | - | 1.16B | 1.02B | 869.65M | 719.07M |
| Current Assets | - | - | - | - | - | - | - | - | - | - | - | 42.81M | 47.04M | 140.75M | 96.25M |
| Cash & Equivalents | - | - | - | - | - | - | - | - | - | - | - | 7.65M | 5.49M | 78.44M | 9.29M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | 2.81M | 2.33M | 2.66M | 2.32M |
| Receivables | - | - | - | - | - | - | - | - | - | - | - | 7.05M | 7.74M | 4.29M | 4.41M |
| Total Liabilities | - | - | 44.39M | 117.13M | 196.73M | 320.02M | 530.40M | 535.97M | 525.64M | 524.80M | - | 455.94M | 391.19M | 273.09M | 181.09M |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - | - | 18.73M | 29.93M | 69.21M | 20.08M |
| Long Term Debt | - | - | - | 113.88M | 187.22M | 309.86M | 515.83M | 525.33M | 512.85M | 508.19M | - | 436.88M | 360.86M | 203.68M | 160.84M |
| Total Debt | - | - | - | - | - | - | - | - | - | - | - | 437.20M | 361.26M | 203.88M | 161.01M |
| Total Equity | -5.30M | 333.37K | -4.72M | 83.53M | 138.53M | 215.59M | 370.95M | 339.27M | 313.55M | 305.91M | - | 580.79M | 515.88M | 481.91M | 459.35M |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | - | - | 54.32M | 48.00M | 45.93M | 43.09M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | 7.70M | 5.04M | 929.00K | 20.00M | 17.99M | 19.73M | - | 17.05M | 12.89M | 16.14M | 17.43M |
| Investing Cash Flow | - | -119.69M | -137.40M | -234.11M | -15.86M | 31.05M | 18.67M | - | -60.40M | 158.46M | 268.75M | 63.40M |
| Financing Cash Flow | - | 101.77M | 156.01M | 239.55M | -40.78M | -53.38M | -23.74M | - | 20.83M | -173.51M | -211.94M | -149.97M |
| Capital Expenditure | - | - | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | 17.05M | 12.89M | 16.14M | 17.43M |
| Net Change in Cash | - | - | - | - | - | - | - | - | -22.52M | -2.17M | 72.95M | -69.15M |
| Share Buybacks | 1.00K | 21.00K | - | 10.00M | 20.60M | 22.00M | 6.82M | - | - | 72.17M | 27.53M | 37.82M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2012 | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | - | - | 76.9% | 76.7% | 80.6% | 80.3% |
| Operating Margin % | - | - | - | - | 50.4% | 48.7% | 53.0% | 49.2% | 44.1% | - | 41.0% | 41.5% | 43.8% | 44.2% |
| Net Margin % | - | - | - | - | 13.9% | 17.1% | 21.9% | 25.9% | 14.0% | - | 19.1% | 53.8% | 102.9% | 60.5% |
| ROE % | 175.9% | -0.7% | -0.7% | 0.9% | 2.0% | 2.1% | 3.6% | 4.4% | 2.3% | - | 2.0% | 6.0% | 12.4% | 6.9% |
| ROCE % | - | - | - | - | - | - | - | - | - | - | 2.2% | 2.4% | 3.2% | 3.3% |
Shareholding Pattern
Insiders
7.90%
Institutions
54.87%
Public Float
59.58%
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 8.83% | 3.85M | $39.53M |
| 2 | Vanguard Portfolio Management LLC | 4.69% | 2.04M | $20.99M |
| 3 | Vanguard Capital Management LLC | 3.94% | 1.72M | $17.66M |
| 4 | Two Sigma Investments, LP | 3.32% | 1.45M | $14.87M |
| 5 | Accordant Advisory Group Inc | 3.27% | 1.43M | $14.65M |
| 6 | Geode Capital Management, LLC | 2.46% | 1.07M | $11.02M |
| 7 | Deutsche Bank AG | 2.14% | 933.74K | $9.59M |
| 8 | State Street Corporation | 2.09% | 912.48K | $9.37M |
| 9 | Uniplan Investment Counsel, Inc. | 1.89% | 826.00K | $8.48M |
| 10 | Shaw D.E. & Co., Inc. | 1.13% | 494.36K | $5.08M |
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Analyst aggregate. Targets and ratings update periodically; not investment advice.
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