No significant weaknesses identified
| Name | Market Cap | Current Price | P/E Ratio | Revenue Growth 1Y | Net Margin | ROE | FCF Yield | Debt/Equity |
|---|---|---|---|---|---|---|---|---|
| FPIFarmland Partners Inc. | 443.04M | 10.28 | 9.70 | 1.32% | 130.1% | 12.33% | 3.64% | 0.34 |
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 13.76M | 31M | 46.22M | 56.07M | 53.56M | 50.69M | 51.74M | 61.21M | 57.47M | 58.23M |
| Revenue Growth % | 2.26% | 1.25% | 0.49% | 0.21% | -0.04% | -0.05% | 0.02% | 0.18% | -0.06% | 0.01% |
| Property Operating Expenses | 1.1M | 2.38M | 5.9M | 7.83M | 8.82M | 10.74M | 8.86M | 14.16M | 13.41M | 11.3M |
| Net Operating Income (NOI) | - | - | - | - | - | - | - | - | - | - |
| NOI Margin % | - | - | - | - | - | - | - | - | - | - |
| Operating Expenses | 6.18M | 10.47M | 16.86M | 18.36M | 18.4M | 17.61M | 26.04M | 22.08M | 20.2M | 21.42M |
| G&A Expenses | 5.28M | 8.47M | 8.71M | 9.81M | 10.07M | 9.64M | 18.38M | 14.88M | 12.55M | 15.72M |
| EBITDA | 7.11M | 31M | 46.22M | 56.07M | 34.66M | 30.3M | 24.41M | 31.93M | 31.36M | 31.09M |
| EBITDA Margin % | - | - | - | - | - | - | - | - | - | - |
| Depreciation & Amortization | 893.31K | 15.37M | 23.69M | 26.38M | 8.32M | 7.97M | 7.63M | 6.96M | 7.5M | 5.59M |
| D&A / Revenue % | - | - | - | - | - | - | - | - | - | - |
| Operating Income | 6.22M | 15.63M | 22.53M | 29.69M | 26.34M | 22.33M | 16.79M | 24.97M | 23.86M | 25.5M |
| Operating Margin % | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | 4.62M | 9.96M | 13.56M | 18.8M | 19.59M | 17.68M | 15.93M | 16.14M | 22.66M | 18.85M |
| Interest Coverage | 1.35x | 1.57x | 1.66x | 1.58x | 1.34x | 1.26x | 1.05x | 1.55x | 1.05x | 1.35x |
| Non-Operating Income | -259.71K | -337K | -191K | -3.15M | -8.1M | -11K | -74K | -3.36M | -30.32M | -54.78M |
| Pretax Income | 1.7M | 6.01M | 9.16M | 14.04M | 14.85M | 7.53M | 26.54M | 12.19M | 31.52M | 61.43M |
| Pretax Margin % | - | - | - | - | - | - | - | - | - | - |
| Income Tax | 9.95K | 11K | 0 | 0 | 0 | 0 | 16.28M | 227K | -166K | -16K |
| Effective Tax Rate % | - | - | - | - | - | - | - | - | - | - |
| Net Income | 1.23M | 4.3M | 7.91M | 12.25M | 13.89M | 7.12M | 9.99M | 11.67M | 30.91M | 59.91M |
| Net Margin % | - | - | - | - | - | - | - | - | - | - |
| Net Income Growth % | 3.16% | 2.51% | 0.84% | 0.55% | 0.13% | -0.49% | 0.4% | 0.17% | 1.65% | 0.94% |
| Funds From Operations (FFO) | - | - | - | - | - | - | - | - | - | - |
| FFO Margin % | - | - | - | - | - | - | - | - | - | - |
| FFO Growth % | 9.85% | 8.28% | 0.61% | 0.22% | -0.43% | -0.32% | 0.17% | 0.06% | 1.06% | 0.71% |
| FFO per Share | - | - | - | - | - | - | - | - | - | - |
| FFO Payout Ratio % | - | - | - | - | - | - | - | - | - | - |
| EPS (Diluted) | 0.08 | 0.09 | 0.03 | 0.38 | -0.20 | -0.18 | -0.17 | 0.16 | 0.48 | 1.06 |
| EPS Growth % | 1.62% | 0.13% | -0.67% | 11.67% | -1.53% | 0.1% | 0.06% | 1.94% | 2% | 1.21% |
| EPS (Basic) | 0.08 | 0.09 | 0.03 | 0.38 | -0.20 | -0.18 | -0.17 | 0.16 | 0.55 | 1.19 |
| Diluted Shares Outstanding | 9.63M | 13.2M | 31.05M | 32.16M | 30.17M | 29.38M | 34.64M | 50.95M | 58.29M | 55.99M |
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 344.95M | 655.53M | 1.17B | 1.14B | 1.1B | 1.09B | 1.12B | 1.16B | 1.02B | 868.56M |
| Asset Growth % | 0.72% | 0.9% | 0.78% | -0.02% | -0.03% | -0.01% | 0.03% | 0.03% | -0.12% | -0.15% |
| Real Estate & Other Assets | 674.86K | -655.31M | -1.17B | -1.14B | 1.07B | 1.05B | -56.38M | 1.11B | 963.24M | 720.52M |
| PP&E (Net) | 316.24M | 594.06M | 1.09B | 1.1B | 73K | 93K | 107K | 325K | 399K | 194K |
| Investment Securities | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K |
| Total Current Assets | 28.04M | 61.25M | 73.37M | 38.88M | 27.83M | 37.69M | 48.22M | 39.62M | 49.49M | 139.66M |
| Cash & Equivalents | 23.51M | 47.17M | 53.54M | 16.89M | 12.56M | 27.22M | 30.17M | 7.65M | 5.49M | 78.44M |
| Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Other Current Assets | 764.7K | 1.06M | 3.06M | 3.64M | 3.44M | 2.89M | 3.92M | 33K | 2.31M | 61K |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 1.92M | 2.06M | 2.04M | 1.37M |
| Total Liabilities | 206.42M | 439.94M | 530.4M | 535.97M | 646.15M | 524.8M | 528.94M | 455.94M | 391.19M | 272M |
| Total Debt | 187.07M | 308.78M | 514.07M | 523.64M | 511.48M | 506.72M | 511.43M | 437.2M | 361.26M | 203.88M |
| Net Debt | 163.56M | 261.61M | 460.54M | 506.75M | 498.92M | 479.5M | 481.26M | 429.55M | 355.77M | 125.44M |
| Long-Term Debt | 187.07M | 308.78M | 514.07M | 523.64M | 511.4M | 506.63M | 511.32M | 436.88M | 360.86M | 203.68M |
| Short-Term Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 785K | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 0 | 144.22M | 143.76M | 73K | 93K | 107K | 325K | 399K | 194K |
| Total Current Liabilities | 9.65M | 11.24M | 16.33M | 11.46M | 12.52M | 15.18M | 16.72M | 18.73M | 29.93M | 68.13M |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 4.85M | 982K | 3.91M | 238K | 71K | 37K | 45K | 44K | 2.15M | 65K |
| Other Liabilities | 9.69M | 118.93M | -3.91M | 627K | 122.08M | 2.86M | 740K | 18.37M | 0 | 0 |
| Total Equity | 138.53M | 215.59M | 635.68M | 603.54M | 456.41M | 566.19M | 592.59M | 704.21M | 630.81M | 596.56M |
| Equity Growth % | 0.66% | 0.56% | 1.95% | -0.05% | -0.24% | 0.24% | 0.05% | 0.19% | -0.1% | -0.05% |
| Shareholders Equity | 108.37M | 161.9M | 468.66M | 438.35M | 437.36M | 429.84M | 458.31M | 580.79M | 515.88M | 481.91M |
| Minority Interest | 30.16M | 53.69M | 167.02M | 165.19M | 19.04M | 136.35M | 134.27M | 123.43M | 114.93M | 114.65M |
| Common Stock | 117.63K | 172K | 329K | 300K | 292K | 297K | 444K | 531K | 466K | 459K |
| Additional Paid-in Capital | 114.78M | 172.1M | 350.15M | 333M | 338.39M | 345.87M | 524.18M | 647.35M | 577.25M | 551.99M |
| Retained Earnings | -6.53M | 4.1M | -26.04M | -37.84M | -42.53M | -53.71M | -66.62M | -70.4M | -64.53M | -72.05M |
| Preferred Stock | 6.53M | 0 | 144.22M | 143.76M | 142.86M | 139.77M | 26K | 0 | 0 | 0 |
| Return on Assets (ROA) | 0% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.03% | 0.06% |
| Return on Equity (ROE) | 0.01% | 0.02% | 0.02% | 0.02% | 0.03% | 0.01% | 0.02% | 0.02% | 0.05% | 0.1% |
| Debt / Assets | 0.54% | 0.47% | 0.44% | 0.46% | 0.46% | 0.46% | 0.46% | 0.38% | 0.35% | 0.23% |
| Debt / Equity | 1.35x | 1.43x | 0.81x | 0.87x | 1.12x | 0.89x | 0.86x | 0.62x | 0.57x | 0.34x |
| Net Debt / EBITDA | 23.00x | 8.44x | 9.96x | 9.04x | 14.40x | 15.82x | 19.71x | 13.45x | 11.35x | 4.03x |
| Book Value per Share | 14.39 | 16.33 | 20.48 | 18.77 | 15.13 | 19.27 | 17.11 | 13.82 | 10.82 | 10.66 |
| Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 7.69M | 5.04M | 929K | 20M | 17.99M | 19.73M | 7.86M | 17.05M | 12.89M | 16.14M |
| Operating CF Growth % | 3.32% | -0.34% | -0.82% | 20.53% | -0.1% | 0.1% | -0.6% | 1.17% | -0.24% | 0.25% |
| Operating CF / Revenue % | - | - | - | - | - | - | - | - | - | - |
| Net Income | 1.69M | 6M | 9.16M | 14.04M | 14.85M | 7.53M | 10.26M | 11.61M | 30.76M | 61.45M |
| Depreciation & Amortization | -12.35M | -3K | 7.79M | -5K | 8.32M | 7.97M | 7.63M | 6.96M | 7.5M | 5.59M |
| Stock-Based Compensation | 941.8K | 1.22M | 1.39M | 1.65M | 1.43M | 1.06M | 1.26M | 0 | 1.85M | 2.35M |
| Other Non-Cash Items | -43.72K | 161K | 211K | 348K | -6.98M | -1.1M | -7.49M | 664K | -28.41M | -53.45M |
| Working Capital Changes | 4.21M | -3.9M | -18.12M | -2.57M | 375K | 4.27M | -3.81M | -2.18M | 1.19M | 213K |
| Cash from Investing | -119.69M | -137.4M | -234.11M | -15.86M | 31.05M | 18.67M | -18.77M | -60.4M | 158.46M | 268.75M |
| Acquisitions (Net) | 0 | 0 | 0 | 0 | 0 | 0 | -1.85M | -75K | 0 | 0 |
| Purchase of Investments | -10.4M | -5.67M | -212.74M | -39.82M | 0 | 0 | 0 | -75.92M | 0 | 0 |
| Sale of Investments | 0 | 50K | 0 | 1000K | 0 | 0 | 0 | 1000K | 0 | 0 |
| Other Investing | -119.69M | -137.4M | -234.11M | -15.86M | 31.05M | 18.67M | -16.92M | 0 | 158.46M | 268.75M |
| Cash from Financing | 101.77M | 156.01M | 239.55M | -40.78M | -53.38M | -23.74M | 13.87M | 20.83M | -173.51M | -211.94M |
| Dividends Paid | -4.43M | -6.6M | -20.95M | -27M | -18.66M | -18.28M | -16.41M | -14.64M | -15.48M | -24.6M |
| Common Dividends | -4.43M | -6.6M | -18.03M | -23.49M | -6.18M | -5.94M | -6.36M | 0 | -12.27M | -21.63M |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | -1000K | -1000K | 1000K | 1000K | -1000K | -1000K |
| Share Repurchases | -21K | 0 | -10M | -20.6M | -22.9M | -9.91M | 0 | -10.16M | -72.65M | -27.53M |
| Other Financing | -2.54M | -4.42M | -5M | -2.01M | -430K | -882K | -1.43M | -762K | -1.09M | -1.32M |
| Net Change in Cash | -10.22M | 23.65M | 6.37M | -36.65M | -4.33M | 14.66M | 2.95M | -22.52M | -2.17M | 72.95M |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 33.74M | 23.51M | 47.17M | 53.54M | 16.89M | 12.56M | 27.22M | 30.17M | 7.65M | 5.49M |
| Cash at End | 23.51M | 47.17M | 53.54M | 16.89M | 12.56M | 27.22M | 30.17M | 7.65M | 5.49M | 78.44M |
| Free Cash Flow | 7.69M | -126.73M | -20.65M | 7.22M | 17.99M | 19.73M | 7.86M | 12.8M | 12.89M | 16.14M |
| FCF Growth % | 3.43% | -17.47% | 0.84% | 1.35% | 1.49% | 0.1% | -0.6% | 0.63% | 0.01% | 0.25% |
| FCF / Revenue % | - | - | - | - | - | - | - | - | - | - |
| Metric | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| FFO per Share | 0.22 | 1.49 | 1.02 | 1.2 | 0.74 | 0.51 | 0.51 | 0.37 | 0.66 | 1.17 |
| FFO Payout Ratio | 208.82% | 33.55% | 57.06% | 60.8% | 27.82% | 39.37% | 36.1% | 78.54% | 31.95% | 33.02% |
| NOI Margin | 91.98% | 92.33% | 87.24% | 86.03% | 83.53% | 78.82% | 82.88% | 76.87% | 76.66% | 80.58% |
| Net Debt / EBITDA | 23.00x | 8.44x | 9.96x | 9.04x | 14.40x | 15.82x | 19.71x | 13.45x | 11.35x | 4.03x |
| Debt / Assets | 54.23% | 47.1% | 44.09% | 45.95% | 46.39% | 46.45% | 45.6% | 37.68% | 35.35% | 23.47% |
| Interest Coverage | 1.35x | 1.57x | 1.66x | 1.58x | 1.34x | 1.26x | 1.05x | 1.55x | 1.05x | 1.35x |
| Book Value / Share | 14.39 | 16.33 | 20.48 | 18.77 | 15.13 | 19.27 | 17.11 | 13.82 | 10.82 | 10.66 |
| Revenue Growth | 226.12% | 125.36% | 49.09% | 21.31% | -4.47% | -5.37% | 2.07% | 18.31% | -6.12% | 1.32% |
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Other revenue | - | - | - | 2.16M | 6.96M | 6.02M | 6.08M |
| Other revenue Growth | - | - | - | - | 222.47% | -13.44% | 0.93% |
| Crop sales | - | - | - | 880K | 5.37M | 2.26M | 5.03M |
| Crop sales Growth | - | - | - | - | 510.45% | -57.99% | 122.73% |
| Tenant reimbursements | - | - | - | 3.45M | 3.26M | - | - |
| Tenant reimbursements Growth | - | - | - | - | -5.39% | - | - |
| Tenant Reimbursements | 3.16M | 3.15M | 3.64M | - | - | - | - |
| Tenant Reimbursements Growth | - | -0.38% | 15.61% | - | - | - | - |
| Crop Sales | 410K | 978K | 1.9M | - | - | - | - |
| Crop Sales Growth | - | 138.54% | 94.48% | - | - | - | - |
| Real Estate Other | 1.32M | 1.32M | 1.46M | - | - | - | - |
| Real Estate Other Growth | - | 0.38% | 10.30% | - | - | - | - |
Farmland Partners Inc. (FPI) has a price-to-earnings (P/E) ratio of 9.7x. This may indicate the stock is undervalued or faces growth challenges.
Farmland Partners Inc. (FPI) reported $52.9M in revenue for fiscal year 2024. This represents a 2393% increase from $2.1M in 2012.
Farmland Partners Inc. (FPI) grew revenue by 1.3% over the past year. Growth has been modest.
Yes, Farmland Partners Inc. (FPI) is profitable, generating $68.9M in net income for fiscal year 2024 (102.9% net margin).
Yes, Farmland Partners Inc. (FPI) pays a dividend with a yield of 3.76%. This makes it attractive for income-focused investors.
Farmland Partners Inc. (FPI) has a return on equity (ROE) of 9.8%. This is below average, suggesting room for improvement.
Farmland Partners Inc. (FPI) generated Funds From Operations (FFO) of $73.4M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Farmland Partners Inc. (FPI) offers a 3.76% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.