8-K Announcements
6Apr 30, 2026·SEC
Apr 29, 2026·SEC
Feb 18, 2026·SEC
Farmland Partners Inc. (FPI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
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Farmland Partners Inc. (FPI) stock price & volume — 10-year historical chart
Farmland Partners Inc. (FPI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Farmland Partners Inc. (FPI) EPS & revenue vs analyst estimates — last 4 quarters
| 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% |
Farmland Partners Inc. (FPI) competitors in Land and Agriculture REITs — business model, growth, and fundamentals comparison
Farmland Partners Inc. (FPI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Farmland Partners Inc. (FPI) annual income statement — 10-year revenue, gross profit & net income history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 46.22M | 56.07M | 53.56M | 50.69M | 51.74M | 61.21M | 57.47M | 58.23M | 52.18M | 53.83M |
Revenue Growth % | 49.09% | 21.31% | -4.47% | -5.37% | 2.07% | 18.31% | -6.12% | 1.32% | -10.39% | -4.71% |
Property Operating Expenses | 5.9M | 7.83M | 8.82M | 10.74M | 8.86M | 14.16M | 13.41M | 11.3M | 18.6M | 11.44M |
Net Operating Income (NOI) | 40.32M▲ 0% | 48.23M▲ 19.6% | 44.74M▼ 7.2% | 39.95M▼ 10.7% | 42.88M▲ 7.3% | 47.05M▲ 9.7% | 44.05M▼ 6.4% | 46.92M▲ 6.5% | 33.58M▼ 28.4% | 42.39M▲ 0% |
NOI Margin % | 87.24% | 86.03% | 83.53% | 78.82% | 82.88% | 76.87% | 76.66% | 80.58% | 64.35% | 78.75% |
Operating Expenses | 16.86M | 18.36M | 18.4M | 17.61M | 26.04M | 22.08M | 20.2M | 21.42M | 10.53M | 17.82M |
G&A Expenses | 8.71M | 9.81M | 10.07M | 9.64M | 18.38M | 14.88M | 12.55M | 15.72M | 11.72M | 10.95M |
EBITDA | 46.22M | 56.07M | 34.66M | 30.3M | 24.41M | 31.93M | 31.36M | 31.09M | 27.22M | 28.48M |
EBITDA Margin % | 100% | 100% | 64.7% | 59.78% | 47.19% | 52.17% | 54.56% | 53.4% | 52.17% | 52.9% |
Depreciation & Amortization | 23.69M | 26.38M | 8.32M | 7.97M | 7.63M | 6.96M | 7.5M | 5.59M | 4.17M | 3.9M |
D&A / Revenue % | 51.26% | 47.04% | 15.53% | 15.73% | 14.75% | 11.37% | 13.05% | 9.6% | 7.99% | 7.25% |
Operating Income | 22.53M▲ 0% | 29.69M▲ 31.8% | 26.34M▼ 11.3% | 22.33M▼ 15.2% | 16.79M▼ 24.8% | 24.97M▲ 48.8% | 23.86M▼ 4.5% | 25.5M▲ 6.9% | 23.05M▼ 9.6% | 24.57M▲ 0% |
Operating Margin % | 48.74% | 52.96% | 49.17% | 44.05% | 32.44% | 40.8% | 41.51% | 43.8% | 44.18% | 45.65% |
Interest Expense | 13.56M | 18.8M | 19.59M | 17.68M | 15.93M | 16.14M | 22.66M | 18.85M | 9.63M | 4M |
Interest Coverage | 1.68x | 1.75x | 1.76x | 1.26x | 1.06x | 1.75x | 2.39x | 4.26x | 4.34x | - |
Non-Operating Income | -191K | -3.15M | -8.1M | -11K | -74K | -3.36M | -30.32M | -54.78M | -18.73M | -8.5M |
Pretax Income | 9.16M▲ 0% | 14.04M▲ 53.3% | 14.85M▲ 5.8% | 7.53M▼ 49.3% | 26.54M▲ 252.5% | 12.19M▼ 54.1% | 31.52M▲ 158.6% | 61.43M▲ 94.9% | 32.16M▼ 47.7% | 30.7M▲ 0% |
Pretax Margin % | 19.81% | 25.04% | 27.72% | 14.86% | 51.3% | 19.91% | 54.84% | 105.51% | 61.63% | 57.03% |
Income Tax | 0 | 0 | 0 | 0 | 16.28M | 227K | -166K | -16K | -15K | 602K |
Effective Tax Rate % | 0% | 0% | 0% | 0% | 61.35% | 1.86% | -0.53% | -0.03% | -0.05% | 1.96% |
Net Income | 7.91M▲ 0% | 12.25M▲ 54.8% | 13.89M▲ 13.3% | 7.12M▼ 48.7% | 9.99M▲ 40.3% | 11.67M▲ 16.8% | 30.91M▲ 164.8% | 59.91M▲ 93.8% | 31.55M▼ 47.3% | 30.15M▲ 0% |
Net Margin % | 17.12% | 21.86% | 25.92% | 14.04% | 19.31% | 19.07% | 53.79% | 102.89% | 60.46% | 56% |
Net Income Growth % | 83.96% | 54.84% | 13.32% | -48.73% | 40.34% | 16.85% | 164.8% | 93.81% | -47.35% | -50.21% |
Funds From Operations (FFO) | 31.61M▲ 0% | 38.63M▲ 22.2% | 22.21M▼ 42.5% | 15.09M▼ 32.0% | 17.62M▲ 16.8% | 18.63M▲ 5.8% | 38.41M▲ 106.1% | 65.5M▲ 70.5% | 35.71M▼ 45.5% | 34.05M▲ 0% |
FFO Margin % | 68.38% | 68.9% | 41.46% | 29.77% | 34.06% | 30.44% | 66.84% | 112.49% | 68.44% | 63.26% |
FFO Growth % | 60.67% | 22.23% | -42.52% | -32.04% | 16.76% | 5.75% | 106.14% | 70.52% | -45.48% | 1394.91% |
FFO per Share | 1.02 | 1.20 | 0.74 | 0.51 | 0.51 | 0.37 | 0.66 | 1.17 | 0.70 | 0.79 |
FFO Payout Ratio % | 57.06% | 60.8% | 27.82% | 39.37% | 36.1% | 78.54% | 31.95% | 33.02% | 178.49% | 23.5% |
EPS (Diluted) | 0.03▲ 0% | 0.38▲ 1166.7% | -0.20▼ 152.6% | -0.18▲ 10.0% | -0.17▲ 5.6% | 0.16▲ 194.1% | 0.48▲ 200.0% | 1.06▲ 120.8% | 0.62▼ 41.5% | 0.70▲ 0% |
EPS Growth % | -66.67% | 1166.67% | -152.63% | 10% | 5.56% | 194.12% | 200% | 120.83% | -41.51% | -40.58% |
EPS (Basic) | 0.03 | 0.38 | -0.20 | -0.18 | -0.17 | 0.16 | 0.55 | 1.19 | 0.71 | - |
Diluted Shares Outstanding | 31.05M | 32.16M | 30.17M | 29.38M | 34.64M | 50.95M | 58.29M | 55.99M | 51.26M | 43.2M |
Farmland Partners Inc. (FPI) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Assets | 1.17B | 1.14B | 1.1B | 1.09B | 1.12B | 1.16B | 1.02B | 868.56M | 719.07M | 711.71M |
Asset Growth % | 77.88% | -2.28% | -3.24% | -1.05% | 2.8% | 3.44% | -11.91% | -15.01% | -17.21% | -81.98% |
Real Estate & Other Assets | -1.17B | -1.14B | 1.07B | 1.05B | -56.38M | 1.11B | 963.24M | 720.52M | -620.65M | -609.72M |
PP&E (Net) | 1.09B | 1.1B | 73K | 93K | 107K | 325K | 399K | 194K | 169K | 125K |
Investment Securities | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Total Current Assets | 73.37M | 38.88M | 27.83M | 37.69M | 48.22M | 39.62M | 49.49M | 139.66M | 91.84M | 98.11M |
Cash & Equivalents | 53.54M | 16.89M | 12.56M | 27.22M | 30.17M | 7.65M | 5.49M | 78.44M | 9.29M | 17.74M |
Receivables | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
Other Current Assets | 3.06M | 3.64M | 3.44M | 2.89M | 3.92M | 33K | 2.31M | 61K | -4.41M | 0 |
Intangible Assets | 0 | 0 | 0 | 0 | 1.92M | 2.06M | 2.04M | 1.37M | 0 | 0 |
Total Liabilities | 530.4M | 535.97M | 646.15M | 524.8M | 528.94M | 455.94M | 391.19M | 272M | 181.09M | 248.21M |
Total Debt | 514.07M | 523.64M | 511.48M | 506.72M | 511.43M | 437.2M | 361.26M | 203.88M | 161.18M | 231.91M |
Net Debt | 460.54M | 506.75M | 498.92M | 479.5M | 481.26M | 429.55M | 355.77M | 125.44M | 151.89M | 214.17M |
Long-Term Debt | 514.07M | 523.64M | 511.4M | 506.63M | 511.32M | 436.88M | 360.86M | 203.68M | 161.01M | 231.79M |
Short-Term Borrowings | 0 | 0 | 0 | 0 | 785K | 0 | 0 | 0 | 0 | 125K |
Capital Lease Obligations | 0 | 0 | 73K | 93K | 107K | 325K | 399K | 194K | 169K | 935K |
Total Current Liabilities | 16.33M | 11.46M | 12.52M | 15.18M | 16.72M | 18.73M | 29.93M | 68.13M | 171K | 5.44M |
Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Revenue | 3.91M | 238K | 71K | 37K | 45K | 44K | 2.15M | 65K | 1.24M | 5.32M |
Other Liabilities | -3.91M | 627K | 122.08M | 2.86M | 740K | 18.37M | 0 | 0 | 18.67M | 10.98M |
Total Equity | 635.68M▲ 0% | 603.54M▼ 5.1% | 456.41M▼ 24.4% | 566.19M▲ 24.1% | 592.59M▲ 4.7% | 704.21M▲ 18.8% | 630.81M▼ 10.4% | 596.56M▼ 5.4% | 537.97M▼ 9.8% | 463.51M▲ 0% |
Equity Growth % | 194.85% | -5.06% | -24.38% | 24.05% | 4.66% | 18.84% | -10.42% | -5.43% | -9.82% | -49.26% |
Shareholders Equity | 468.66M | 438.35M | 437.36M | 429.84M | 458.31M | 580.79M | 515.88M | 481.91M | 459.35M | 460.4M |
Minority Interest | 167.02M | 165.19M | 19.04M | 136.35M | 134.27M | 123.43M | 114.93M | 114.65M | 78.62M | 3.11M |
Common Stock | 329K | 300K | 292K | 297K | 444K | 531K | 466K | 459K | 431K | 436K |
Additional Paid-in Capital | 350.15M | 333M | 338.39M | 345.87M | 524.18M | 647.35M | 577.25M | 551.99M | 520.9M | 525.78M |
Retained Earnings | -26.04M | -37.84M | -42.53M | -53.71M | -66.62M | -70.4M | -64.53M | -72.05M | -62.33M | -65.82M |
Preferred Stock | 144.22M | 143.76M | 142.86M | 139.77M | 26K | 0 | 0 | 0 | 0 | 0 |
Return on Assets (ROA) | 0.87% | 1.06% | 1.24% | 0.65% | 0.9% | 1.02% | 2.83% | 6.34% | 3.97% | 4.09% |
Return on Equity (ROE) | 1.86% | 1.98% | 2.62% | 1.39% | 1.72% | 1.8% | 4.63% | 9.76% | 5.56% | 5.65% |
Debt / Assets | 44.09% | 45.95% | 46.39% | 46.45% | 45.6% | 37.68% | 35.35% | 23.47% | 22.42% | 32.58% |
Debt / Equity | 0.81x | 0.87x | 1.12x | 0.89x | 0.86x | 0.62x | 0.57x | 0.34x | 0.30x | 0.50x |
Net Debt / EBITDA | 9.96x | 9.04x | 14.40x | 15.82x | 19.71x | 13.45x | 11.35x | 4.03x | 5.58x | 7.52x |
Book Value per Share | 20.48 | 18.77 | 15.13 | 19.27 | 17.11 | 13.82 | 10.82 | 10.66 | 10.50 | 10.73 |
Farmland Partners Inc. (FPI) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | 929K | 20M | 17.99M | 19.73M | 7.86M | 17.05M | 12.89M | 16.14M | 17.43M | 19.3M |
Operating CF Growth % | -81.57% | 2053.18% | -10.04% | 9.63% | -60.17% | 117.04% | -24.42% | 25.26% | 7.95% | 151.95% |
Operating CF / Revenue % | 2.01% | 35.68% | 33.59% | 38.92% | 15.18% | 27.86% | 22.43% | 27.72% | 33.4% | 35.86% |
Net Income | 9.16M | 14.04M | 14.85M | 7.53M | 10.26M | 11.61M | 30.76M | 61.45M | 31.55M | 30.15M |
Depreciation & Amortization | 7.79M | -5K | 8.32M | 7.97M | 7.63M | 6.96M | 7.5M | 5.59M | 4.17M | 3.9M |
Stock-Based Compensation | 1.39M | 1.65M | 1.43M | 1.06M | 1.26M | 0 | 1.85M | 2.35M | 2.16M | 2.1M |
Other Non-Cash Items | 211K | 348K | -6.98M | -1.1M | -7.49M | 664K | -28.41M | -53.45M | -18.29M | -11.1M |
Working Capital Changes | -18.12M | -2.57M | 375K | 4.27M | -3.81M | -2.18M | 1.19M | 213K | -2.16M | -5.79M |
Cash from Investing | -234.11M | -15.86M | 31.05M | 18.67M | -18.77M | -60.4M | 158.46M | 268.75M | 63.4M | 75.32M |
Acquisitions (Net) | 0 | 0 | 0 | 0 | -1.85M | -75K | 0 | 0 | 0 | 0 |
Purchase of Investments | -212.74M | -39.82M | 0 | 0 | 0 | -75.92M | 0 | 0 | 0 | 0 |
Sale of Investments | 0 | 36.74M | 0 | 0 | 0 | 19.84M | 0 | 0 | 0 | 0 |
Other Investing | -234.11M | -15.86M | 31.05M | 18.67M | -16.92M | 0 | 158.46M | 268.75M | 63.4M | 75.32M |
Cash from Financing | 239.55M | -40.78M | -53.38M | -23.74M | 13.87M | 20.83M | -173.51M | -211.94M | -149.97M | -98.53M |
Dividends Paid | -20.95M | -27M | -18.66M | -18.28M | -16.41M | -14.64M | -15.48M | -24.6M | -63.74M | -19.2M |
Common Dividends | -18.03M | -23.49M | -6.18M | -5.94M | -6.36M | 0 | -12.27M | -21.63M | -63.74M | -8M |
Debt Issuance (Net) | 1000K | 1000K | -1000K | -1000K | 1000K | 1000K | -1000K | -1000K | -1000K | -1000K |
Share Repurchases | -10M | -20.6M | -22.9M | -9.91M | 0 | -10.16M | -72.65M | -27.53M | -38.14M | -37.13M |
Other Financing | -5M | -2.01M | -430K | -882K | -1.43M | -762K | -1.09M | -1.32M | -5.11M | -82.06M |
Net Change in Cash | 6.37M▲ 0% | -36.65M▼ 675.3% | -4.33M▲ 88.2% | 14.66M▲ 438.5% | 2.95M▼ 79.8% | -22.52M▼ 862.3% | -2.17M▲ 90.4% | 72.95M▲ 3469.6% | -69.15M▼ 194.8% | -3.91M▲ 0% |
Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash at Beginning | 47.17M | 53.54M | 16.89M | 12.56M | 27.22M | 30.17M | 7.65M | 5.49M | 78.44M | 9.29M |
Cash at End | 53.54M | 16.89M | 12.56M | 27.22M | 30.17M | 7.65M | 5.49M | 78.44M | 9.29M | 17.74M |
Free Cash Flow | -20.65M▲ 0% | 7.22M▲ 135.0% | 17.99M▲ 149.3% | 19.73M▲ 9.6% | 7.86M▼ 60.2% | 12.8M▲ 63.0% | 12.89M▲ 0.6% | 16.14M▲ 25.3% | 17.43M▲ 8.0% | 19.3M▲ 0% |
FCF Growth % | 83.71% | 134.96% | 149.29% | 9.63% | -60.17% | 63% | 0.64% | 25.26% | 7.95% | 81.86% |
FCF / Revenue % | -44.67% | 12.87% | 33.59% | 38.92% | 15.18% | 20.92% | 22.43% | 27.72% | 33.4% | 35.86% |
Farmland Partners Inc. (FPI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
FFO per Share | 1.02 | 1.2 | 0.74 | 0.51 | 0.51 | 0.37 | 0.66 | 1.17 | 0.7 | 0.79 |
FFO Payout Ratio | 57.06% | 60.8% | 27.82% | 39.37% | 36.1% | 78.54% | 31.95% | 33.02% | 178.49% | 23.5% |
NOI Margin | 87.24% | 86.03% | 83.53% | 78.82% | 82.88% | 76.87% | 76.66% | 80.58% | 64.35% | 78.75% |
Net Debt / EBITDA | 9.96x | 9.04x | 14.40x | 15.82x | 19.71x | 13.45x | 11.35x | 4.03x | 5.58x | 7.52x |
Debt / Assets | 44.09% | 45.95% | 46.39% | 46.45% | 45.6% | 37.68% | 35.35% | 23.47% | 22.42% | 32.58% |
Interest Coverage | 1.68x | 1.75x | 1.76x | 1.26x | 1.06x | 1.75x | 2.39x | 4.26x | 4.34x | - |
Book Value / Share | 20.48 | 18.77 | 15.13 | 19.27 | 17.11 | 13.82 | 10.82 | 10.66 | 10.5 | 10.73 |
Revenue Growth | 49.09% | 21.31% | -4.47% | -5.37% | 2.07% | 18.31% | -6.12% | 1.32% | -10.39% | -4.71% |
Farmland Partners Inc. (FPI) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 30, 2026·SEC
Apr 29, 2026·SEC
Feb 18, 2026·SEC
Farmland Partners Inc. (FPI) stock FAQ — growth, dividends, profitability & financials explained
Farmland Partners Inc. (FPI) reported $53.8M in revenue for fiscal year 2025. This represents a 2435% increase from $2.1M in 2012.
Farmland Partners Inc. (FPI) saw revenue decline by 10.4% over the past year.
Yes, Farmland Partners Inc. (FPI) is profitable, generating $30.1M in net income for fiscal year 2025 (60.5% net margin).
Yes, Farmland Partners Inc. (FPI) pays a dividend with a yield of 12.74%. This makes it attractive for income-focused investors.
Farmland Partners Inc. (FPI) has a return on equity (ROE) of 5.6%. This is below average, suggesting room for improvement.
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.
Farmland Partners Inc. (FPI) offers a 12.74% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.