Symbols / FPI Stock $11.71 +0.95% Farmland Partners Inc.

Real Estate • REIT - Specialty • United States • NYQ
FPI (Stock) Chart
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Real Estate
Industry REIT - Specialty
CEO Mr. Luca Fabbri
Exch · Country NYQ · United States
Market Cap 510.90M
Enterprise Value 736.49M
Income 28.80M
Sales 51.79M
FCF (ttm) -46.94M
Book/sh 10.73
Cash/sh 0.22
Employees 11
Insider 10d
IPO Apr 11, 2014
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 39.34%
P/E 19.20
Forward P/E 48.79
PEG
P/S 9.87
P/B 1.09
P/C
EV/EBITDA 27.45
EV/Sales 14.22
Quick Ratio 0.13
Current Ratio 0.62
Debt/Eq 29.93
LT Debt/Eq
EPS (ttm) 0.61
EPS next Y 0.24
EPS Growth -59.80%
Revenue Growth -1.80%
EPS Gr Q/Q -63.50%
Rev Gr Q/Q
Earnings (next) 2026-04-29
Earnings (prior) 2026-02-18
ROA 1.78%
ROE 5.67%
ROIC
Gross Margin 80.18%
Oper. Margin 59.55%
Profit Margin 60.91%
Shs Outstand 43.63M
Shs Float 39.74M
Insider Own 7.88%
Instit Own 59.41%
Short Float 6.10%
Short Ratio 5.29
Short Interest 2.16M
52W High 13.22
vs 52W High -11.46%
52W Low 9.37
vs 52W Low 25.04%
Beta 0.86
Impl. Vol. 3.13%
Rel Volume 0.40
Avg Volume 557.84K
Volume 224.77K
Target (mean) $12.50
Tgt Median $12.50
Tgt Low $12.50
Tgt High $12.50
# Analysts 2
Recom None
Prev Close $11.60
Price $11.71
Change 0.95%
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 December 31, 2025, the Company owned and/or managed approximately 71,600 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 incorporated in Maryland.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus Mean price target
2. Current target Latest analyst target
3. DCF / Fair value Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$11.71
Low
$12.50
High
$12.50
Mean
$12.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-12 down Raymond James Outperform → Market Perform
2023-12-26 main Raymond James Outperform → Outperform $15
2023-08-10 main Raymond James Outperform → Outperform $14
2023-02-28 main Raymond James — → Outperform $13
2023-01-13 up Janney Montgomery Scott Neutral → Buy $16
2022-09-14 main Raymond James — → Outperform $17
2022-06-21 init Roth Capital — → Buy $16
2022-03-16 main Raymond James — → Outperform $15
2021-10-14 init Berenberg — → Buy $14
2020-05-20 main B. Riley Securities — → Neutral $7
2020-03-13 main B. Riley Securities — → Neutral $6
2018-11-13 down B. Riley Securities Buy → Neutral $8
2018-07-18 up Raymond James Market Perform → Outperform
2018-07-12 up B. Riley Securities Neutral → Buy $8
2018-03-16 down Janney Montgomery Scott Buy → Neutral
2018-03-06 main B. Riley Securities — → Neutral $9
2017-09-25 main Stifel — → Buy $9
2017-09-19 init Raymond James — → Market Perform
2017-08-15 down Baird Outperform → Neutral
2017-07-18 down FBR Capital Outperform → Market Perform
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-02-24 GRAFTON JENNIFER S. Director 1,600 $12.36 $19,776
2026-02-17 PITTMAN PAUL A Officer and Director 26,519 $0.00 $0
2026-02-17 FABBRI LUCA Chief Executive Officer 39,304 $0.00 $0
2026-02-17 GARRISON CHRISTINE M. General Counsel 10,958 $0.00 $0
2026-02-17 LANDI SUSAN M CPA Chief Financial Officer 3,652 $0.00 $0
2025-12-15 GOOD JOHN A. Director 3,000 $10.20 $30,609
2025-11-10 GOOD JOHN A. Director 4,100 $9.69 $39,737
2025-08-14 SHERRICK BRUCE J Director 8,000 $10.76 $86,056
2025-05-19 SHERRICK BRUCE J Director 7,000 $10.47 $73,290
2025-02-18 PITTMAN PAUL A Officer and Director 45,687 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
52.18
-10.39%
58.23
+1.32%
57.47
-6.12%
61.21
Operating Revenue
41.45
-20.51%
52.15
+1.37%
51.44
-5.18%
54.25
Cost Of Revenue
10.26
-9.22%
11.30
-15.72%
13.41
-5.24%
14.16
Reconciled Cost Of Revenue
10.26
-9.22%
11.30
-15.72%
13.41
-5.24%
14.16
Gross Profit
41.91
-10.67%
46.92
+6.51%
44.05
-6.38%
47.05
Operating Expense
18.86
-11.94%
21.42
+6.04%
20.20
-8.07%
21.97
Selling General And Administration
14.65
-6.82%
15.72
+25.27%
12.55
-15.63%
14.88
General And Administrative Expense
14.65
-6.82%
15.72
+25.27%
12.55
-15.63%
14.88
Other Gand A
14.65
-6.82%
15.72
+25.27%
12.55
-15.63%
14.88
Other Operating Expenses
0.04
-62.14%
0.10
-28.47%
0.14
+10.77%
0.13
Total Expenses
29.12
-11.00%
32.72
-2.65%
33.61
-6.96%
36.12
Operating Income
23.06
-9.60%
25.50
+6.91%
23.86
-4.90%
25.09
Total Operating Income As Reported
24.97
EBITDA
45.95
-46.49%
85.88
+39.25%
61.67
+74.75%
35.29
Normalized EBITDA
27.91
-14.24%
32.55
+3.67%
31.39
-4.17%
32.76
Reconciled Depreciation
4.17
-25.41%
5.59
-25.48%
7.50
+7.74%
6.96
EBIT
41.78
-47.96%
80.29
+48.21%
54.17
+91.22%
28.33
Total Unusual Items
18.04
-66.17%
53.33
+76.15%
30.28
+1096.68%
2.53
Total Unusual Items Excluding Goodwill
18.04
-66.17%
53.33
+76.15%
30.28
+1096.68%
2.53
Special Income Charges
18.04
-66.17%
53.33
+76.15%
30.28
+1096.68%
2.53
Impairment Of Capital Assets
17.82
+2155.82%
0.79
-86.47%
5.84
0.00
Restructuring And Mergern Acquisition
0.00
-92.86%
0.03
+64.71%
0.02
-84.68%
0.11
Write Off
5.84
0.00
Net Income
31.55
-47.35%
59.91
+93.81%
30.91
+164.80%
11.67
Pretax Income
32.16
-47.66%
61.43
+94.94%
31.52
+158.60%
12.19
Net Non Operating Interest Income Expense
-9.63
+48.94%
-18.85
+16.79%
-22.66
-40.35%
-16.14
Interest Expense Non Operating
9.63
-48.94%
18.85
-16.79%
22.66
+40.35%
16.14
Net Interest Income
-9.63
+48.94%
-18.85
+16.79%
-22.66
-40.35%
-16.14
Interest Expense
9.63
-48.94%
18.85
-16.79%
22.66
+40.35%
16.14
Other Income Expense
18.73
-65.81%
54.78
+80.71%
30.32
+834.24%
3.25
Other Non Operating Income Expenses
0.49
-62.88%
1.33
+3305.13%
0.04
-94.12%
0.66
Tax Provision
-0.01
+6.25%
-0.02
+90.36%
-0.17
-173.13%
0.23
Tax Rate For Calcs
0.00
+0.00%
0.00
+0.00%
0.00
+1027.46%
0.00
Tax Effect Of Unusual Items
3.79
-66.17%
11.20
+76.15%
6.36
+13391.75%
0.05
Net Income Including Noncontrolling Interests
32.17
-47.65%
61.45
+93.96%
31.68
+164.89%
11.96
Net Income From Continuing Operation Net Minority Interest
31.55
-47.35%
59.91
+93.81%
30.91
+164.80%
11.67
Net Income From Continuing And Discontinued Operation
31.55
-47.35%
59.91
+93.81%
30.91
+164.80%
11.67
Net Income Continuous Operations
32.17
-47.65%
61.45
+93.96%
31.68
+164.89%
11.96
Minority Interests
-0.63
+59.26%
-1.54
-100.39%
-0.77
-168.53%
-0.29
Normalized Income
17.29
-2.74%
17.78
+154.19%
6.99
-23.89%
9.19
Net Income Common Stockholders
28.80
-48.97%
56.43
+103.08%
27.79
+230.75%
8.40
Otherunder Preferred Stock Dividend
0.17
-67.84%
0.51
+226.75%
0.16
+149.21%
0.06
Diluted EPS
1.06
+100.00%
0.53
+231.25%
0.16
Basic EPS
1.19
+116.36%
0.55
+243.75%
0.16
Basic Average Shares
47.55
-5.37%
50.24
-1.39%
50.95
Diluted Average Shares
55.99
-3.95%
58.29
+14.40%
50.95
Diluted NI Availto Com Stockholders
28.80
-48.97%
56.43
+103.08%
27.79
+230.75%
8.40
Depreciation Amortization Depletion Income Statement
4.17
-25.41%
5.59
-25.48%
7.50
+7.74%
6.96
Earnings From Equity Interest
0.19
+55.20%
0.12
+12400.00%
0.00
-98.08%
0.05
Gain On Sale Of PPE
35.86
-33.77%
54.15
+49.86%
36.13
+1268.16%
2.64
Preferred Stock Dividends
2.58
-13.03%
2.97
+0.00%
2.97
-7.48%
3.21
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
719.07
-17.32%
869.65
-14.91%
1,022.00
-11.91%
1,160.15
Current Assets
96.25
-31.62%
140.75
+199.21%
47.04
+9.87%
42.81
Cash Cash Equivalents And Short Term Investments
9.29
-88.15%
78.44
+1329.06%
5.49
-28.29%
7.65
Cash And Cash Equivalents
9.29
-88.15%
78.44
+1329.06%
5.49
-28.29%
7.65
Cash Financial
Receivables
84.64
+42.03%
59.59
+53.73%
38.76
+33.78%
28.98
Accounts Receivable
4.41
+2.82%
4.29
-44.63%
7.74
+9.75%
7.05
Receivables Adjustments Allowances
-2.16
-667.97%
-0.28
-67.26%
-0.17
-82.61%
-0.09
Accrued Interest Receivable
-2.42
-9.37%
-2.21
-3781.67%
0.06
+2900.00%
0.00
Inventory
2.32
-12.90%
2.66
+13.88%
2.33
-16.84%
2.81
Finished Goods
2.32
-12.90%
2.66
+13.88%
2.33
-16.84%
2.81
Prepaid Assets
0.00
-100.00%
0.43
+187.84%
0.15
Assets Held For Sale Current
0.00
-100.00%
0.06
+117.86%
0.03
-15.15%
0.03
Other Current Assets
2.45
-23.44%
3.20
Total Non Current Assets
622.82
-14.55%
728.89
-25.24%
974.96
-12.74%
1,117.33
Net PPE
0.17
-12.89%
0.19
-51.38%
0.40
+22.77%
0.33
Gross PPE
0.17
-12.89%
0.19
-51.38%
0.40
+22.77%
0.33
Other Properties
0.17
-12.89%
0.19
-51.38%
0.40
+22.77%
0.33
Goodwill And Other Intangible Assets
0.00
-100.00%
4.08
-13.94%
4.74
-0.42%
4.76
Goodwill
0.00
-100.00%
2.71
+0.00%
2.71
+0.00%
2.71
Other Intangible Assets
1.37
-32.48%
2.04
-0.97%
2.06
Investments And Advances
4.25
+3.51%
4.10
-0.85%
4.14
-1.17%
4.18
Long Term Equity Investment
4.25
+3.51%
4.10
-0.85%
4.14
-1.17%
4.18
Non Current Deferred Assets
0.00
-100.00%
0.06
Non Current Prepaid Assets
Other Non Current Assets
1.99
-8.54%
2.18
-10.95%
2.45
Total Liabilities Net Minority Interest
181.09
-33.69%
273.09
-30.19%
391.19
-14.20%
455.94
Current Liabilities
20.08
-70.98%
69.21
+131.22%
29.93
+59.78%
18.73
Payables And Accrued Expenses
18.84
-72.32%
68.06
+144.96%
27.79
+48.65%
18.69
Payables
12.89
-78.11%
58.90
+287.93%
15.18
+184.29%
5.34
Dividends Payable
11.48
-79.94%
57.25
+330.93%
13.29
+298.62%
3.33
Current Accrued Expenses
5.95
-35.06%
9.16
-27.32%
12.60
-5.61%
13.35
Total Tax Payable
1.41
-14.48%
1.65
-13.07%
1.90
-5.48%
2.01
Current Deferred Liabilities
1.24
+7.81%
1.15
-46.35%
2.15
+4784.09%
0.04
Current Deferred Revenue
1.24
+7.81%
1.15
-46.35%
2.15
+4784.09%
0.04
Total Non Current Liabilities Net Minority Interest
161.01
-21.03%
203.88
-43.56%
361.26
-17.37%
437.20
Long Term Debt And Capital Lease Obligation
161.01
-21.03%
203.88
-43.56%
361.26
-17.37%
437.20
Long Term Debt
160.84
-21.03%
203.68
-43.56%
360.86
-17.40%
436.88
Long Term Capital Lease Obligation
0.17
-12.89%
0.19
-51.38%
0.40
+22.77%
0.33
Non Current Deferred Liabilities
Non Current Deferred Revenue
Stockholders Equity
459.35
-4.68%
481.91
-6.59%
515.88
-11.18%
580.79
Common Stock Equity
459.35
-4.68%
481.91
-6.59%
515.88
-11.18%
580.79
Capital Stock
0.43
-6.10%
0.46
-4.77%
0.48
-9.23%
0.53
Common Stock
0.43
-6.10%
0.46
-4.77%
0.48
-9.23%
0.53
Preferred Stock
Share Issued
43.09
-6.18%
45.93
-4.31%
48.00
-11.63%
54.32
Ordinary Shares Number
43.09
-6.18%
45.93
-4.31%
48.00
-11.63%
54.32
Additional Paid In Capital
520.90
-5.63%
551.99
-4.37%
577.24
-10.83%
647.35
Retained Earnings
-62.33
+13.50%
-72.05
-11.66%
-64.53
+8.34%
-70.40
Gains Losses Not Affecting Retained Earnings
0.35
-76.85%
1.51
-43.81%
2.69
-18.60%
3.31
Minority Interest
78.62
-31.43%
114.65
-0.25%
114.93
-6.89%
123.43
Other Equity Adjustments
0.35
-76.85%
1.51
-43.81%
2.69
-18.60%
3.31
Total Equity Gross Minority Interest
537.97
-9.82%
596.56
-5.43%
630.81
-10.42%
704.21
Total Capitalization
620.20
-9.54%
685.59
-21.80%
876.74
-13.85%
1,017.66
Working Capital
76.17
+6.47%
71.54
+318.19%
17.11
-28.96%
24.08
Invested Capital
620.20
-9.54%
685.59
-21.80%
876.74
-13.85%
1,017.66
Total Debt
161.01
-21.03%
203.88
-43.56%
361.26
-17.37%
437.20
Net Debt
151.55
+21.00%
125.24
-64.76%
355.37
-17.21%
429.22
Capital Lease Obligations
0.17
-12.89%
0.19
-51.38%
0.40
+22.77%
0.33
Net Tangible Assets
459.35
-3.87%
477.83
-6.52%
511.14
-11.26%
576.02
Tangible Book Value
459.35
-3.87%
477.83
-6.52%
511.14
-11.26%
576.02
Derivative Product Liabilities
0.00
Financial Assets
0.14
-71.69%
0.50
-70.83%
1.71
-18.09%
2.08
Interest Payable
2.12
-30.89%
3.06
-35.50%
4.75
+14.80%
4.13
Investment Properties
616.27
-14.15%
717.84
-25.34%
961.53
-13.06%
1,105.92
Notes Receivable
84.81
+46.74%
57.80
+85.67%
31.13
+41.42%
22.01
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
17.43
+7.95%
16.14
+25.26%
12.89
-24.42%
17.05
Cash Flow From Continuing Operating Activities
17.43
+7.95%
16.14
+25.26%
12.89
-24.42%
17.05
Net Income From Continuing Operations
32.17
-47.65%
61.45
+93.96%
31.68
+164.89%
11.96
Depreciation Amortization Depletion
4.17
-25.41%
5.59
-25.48%
7.50
+7.74%
6.96
Other Non Cash Items
-2.11
-145.13%
-0.86
-228.66%
0.67
+96.48%
0.34
Stock Based Compensation
2.16
-8.10%
2.35
+26.61%
1.85
-4.48%
1.94
Provisionand Write Offof Assets
1.88
+1561.06%
0.11
+48.68%
0.08
-17.39%
0.09
Asset Impairment Charge
17.82
+2155.82%
0.79
-86.51%
5.86
+24295.83%
0.02
Operating Gains Losses
-35.99
+32.58%
-53.38
-47.73%
-36.13
-1327.66%
-2.53
Change In Working Capital
-1.85
-969.95%
0.21
-82.09%
1.19
+154.44%
-2.18
Change In Receivables
-0.07
-103.89%
1.78
+121.45%
0.80
+132.68%
-2.45
Changes In Account Receivables
-0.12
-106.56%
1.84
+113.18%
0.86
+137.04%
-2.33
Change In Inventory
0.34
+205.86%
-0.32
-168.50%
0.47
+88.45%
0.25
Change In Payables And Accrued Expense
-2.73
+14.92%
-3.20
-320.34%
-0.76
-847.06%
0.10
Change In Accrued Expense
-2.74
-7.90%
-2.54
-183.18%
-0.90
-498.67%
-0.15
Change In Payable
0.02
+102.88%
-0.66
-585.29%
0.14
-46.03%
0.25
Change In Other Working Capital
0.30
-60.08%
0.76
+34.57%
0.56
+907.14%
0.06
Change In Other Current Assets
0.29
-75.52%
1.21
+975.89%
0.11
+180.58%
-0.14
Investing Cash Flow
63.40
-76.41%
268.75
+69.60%
158.46
+362.36%
-60.40
Cash Flow From Continuing Investing Activities
63.40
-76.41%
268.75
+69.60%
158.46
+362.36%
-60.40
Net PPE Purchase And Sale
95.53
-69.38%
311.97
+59.59%
195.49
+1049.99%
17.00
Sale Of PPE
95.53
-69.38%
311.97
+59.59%
195.49
+1049.99%
17.00
Net Business Purchase And Sale
0.00
+100.00%
-0.70
Purchase Of Business
0.00
+100.00%
-0.70
Net Other Investing Changes
-24.33
-1.44%
-23.99
-163.81%
-9.09
+49.30%
-17.93
Financing Cash Flow
-149.97
+29.24%
-211.94
-22.15%
-173.51
-933.00%
20.83
Cash Flow From Continuing Financing Activities
-149.97
+29.24%
-211.94
-22.15%
-173.51
-933.00%
20.83
Net Issuance Payments Of Debt
-42.98
+72.89%
-158.52
-107.51%
-76.39
-3.32%
-73.94
Issuance Of Debt
31.50
-61.11%
81.00
+1.89%
79.50
-64.35%
223.00
Repayment Of Debt
-74.48
+68.90%
-239.52
-53.64%
-155.89
+47.50%
-296.94
Long Term Debt Issuance
31.50
-61.11%
81.00
+1.89%
79.50
-64.35%
223.00
Long Term Debt Payments
-74.48
+68.90%
-239.52
-53.64%
-155.89
+47.50%
-296.94
Net Long Term Debt Issuance
-42.98
+72.89%
-158.52
-107.51%
-76.39
-3.32%
-73.94
Net Common Stock Issuance
-37.82
-37.54%
-27.50
+62.04%
-72.45
-159.69%
121.37
Common Stock Payments
-37.82
-37.37%
-27.53
+62.08%
-72.61
0.00
Common Stock Dividend Paid
-63.74
-194.70%
-21.63
-76.24%
-12.27
-10.31%
-11.13
Cash Dividends Paid
-66.71
-171.20%
-24.60
-58.88%
-15.48
-5.79%
-14.64
Repurchase Of Capital Stock
-37.82
-37.37%
-27.53
+65.88%
-80.70
-694.50%
-10.16
Net Other Financing Charges
-2.45
-85.26%
-1.32
-21.71%
-1.09
+39.91%
-1.81
Changes In Cash
-69.15
-194.79%
72.95
+3469.61%
-2.17
+90.39%
-22.52
Beginning Cash Position
78.44
+1329.06%
5.49
-28.29%
7.65
-74.63%
30.17
End Cash Position
9.29
-88.15%
78.44
+1329.06%
5.49
-28.29%
7.65
Free Cash Flow
17.43
+7.95%
16.14
+25.26%
12.89
-24.42%
17.05
Interest Paid Supplemental Data
10.86
-48.17%
20.96
-6.65%
22.45
0.00
Income Tax Paid Supplemental Data
0.00
0.00
0.00
0.00
Amortization Of Securities
-0.81
-614.04%
-0.11
-157.58%
0.20
-55.90%
0.45
Change In Income Tax Payable
0.02
+102.88%
-0.66
-585.29%
0.14
-46.03%
0.25
Change In Interest Payable
-0.95
+52.22%
-1.98
-424.39%
0.61
-55.82%
1.38
Change In Tax Payable
0.02
+102.88%
-0.66
-585.29%
0.14
-46.03%
0.25
Common Stock Issuance
0.00
-100.00%
0.03
-78.06%
0.15
-99.87%
121.37
Dividends Received CFI
0.05
-68.94%
0.16
+222.00%
0.05
0.00
Earnings Losses From Equity Investments
-0.19
-55.20%
-0.12
-12400.00%
-0.00
+98.08%
-0.05
Issuance Of Capital Stock
0.00
-100.00%
0.03
-78.06%
0.15
-99.87%
121.37
Net Investment Properties Purchase And Sale
-7.84
+59.54%
-19.39
+30.70%
-27.98
+52.38%
-58.76
Net Preferred Stock Issuance
0.00
+100.00%
-8.10
+20.26%
-10.16
Preferred Stock Dividend Paid
-2.97
+0.00%
-2.97
+7.48%
-3.21
+8.55%
-3.51
Preferred Stock Payments
0.00
+100.00%
-8.10
+20.26%
-10.16
Purchase Of Investment Properties
-7.84
+59.54%
-19.39
+30.70%
-27.98
+52.38%
-58.76
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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