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Farmland Partners Inc

Real Estate US FPI

10.31USD
-0.07(0.67%)

Last update at 2026-06-03T20:00:00Z

Day Range

10.2710.39
LowHigh

52 Week Range

9.0513.12
LowHigh

Fundamentals

  • Previous Close 10.38
  • Market Cap513.46M
  • Volume364700
  • P/E Ratio19.28
  • Dividend Yield2.04%
  • EBITDA26.84M
  • Revenue TTM51.79M
  • Revenue Per Share TTM1.17
  • Gross Profit TTM 41.53M
  • Diluted EPS TTM0.60

Source: TradingView
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Financials

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Income before tax 32.16M 61.43M 31.52M 12.19M 10.23M
Minority interest -0.62700M -1.53900M -0.48200M -0.28600M -0.26700M
Net income 31.55M 59.91M 30.91M 11.67M -6.04900M
Selling general administrative 11.72M 15.72M 12.55M 14.88M 18.38M
Selling and marketing expenses - - - - -
Gross profit 33.58M 46.92M 44.05M 47.05M 42.88M
Reconciled depreciation 4.17M 5.59M 7.79M 6.96M 7.63M
Ebit 41.78M 80.29M 54.17M 24.97M 16.79M
Ebitda 45.95M 85.88M 61.67M 32.76M 24.55M
Depreciation and amortization 4.17M 5.59M 7.50M 7.79M 7.77M
Non operating income net other - - - 3.36M 9.38M
Operating income 23.05M 25.50M 23.86M 24.97M 16.79M
Other operating expenses 29.12M 32.72M 33.61M 36.12M 34.90M
Interest expense 9.63M 18.85M 22.66M 16.14M 15.93M
Tax provision -0.01500M -0.01600M -0.08000M 0.23M 0.00000M
Interest income 9.43M 18.73M 22.66M 16.09M 15.91M
Net interest income -9.62700M -18.85400M -21.68000M -16.14300M -15.92900M
Extraordinary items - - - - -
Non recurring - - - 0.11M 0.06M
Other items - - - - -
Income tax expense -0.01500M -0.01600M -0.16600M 0.23M 16.28M
Total revenue 52.18M 58.23M 57.47M 61.21M 51.74M
Total operating expenses 10.53M 21.42M 20.20M 21.97M 26.04M
Cost of revenue 18.60M 11.30M 13.41M 14.16M 8.86M
Total other income expense net 9.10M 35.93M 7.66M -12.78700M -6.55400M
Discontinued operations - - - - -
Net income from continuing ops 32.17M 61.45M 20.64M 11.96M 10.23M
Net income applicable to common shares 28.80M 56.43M 27.79M 8.40M -5.86000M
Preferred stock and other adjustments - - - - -
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total assets 719.07M 868.56M 1022.00M 1160.15M 1121.53M
Intangible assets 0.00000M 1.37M 2.04M 2.06M 1.92M
Earning assets - - - - -
Other current assets -4.40800M 0.06M 2.73M 3.38M 3.98M
Total liab 181.09M 272.00M 391.19M 455.94M 528.94M
Total stockholder equity 459.35M 481.91M 515.88M 580.79M 458.31M
Deferred long term liab - - - 0.04M 0.04M
Other current liab -1.07200M 66.41M 25.89M 18.37M 16.68M
Common stock 0.43M 0.46M 0.47M 0.53M 0.44M
Capital stock 0.43M 0.46M 0.47M 0.53M 0.44M
Retained earnings -62.32700M -72.05400M -64.52800M -70.39700M -66.61800M
Other liab - - - 0.04M 0.04M
Good will 0.00000M 2.71M 2.71M 2.71M 2.71M
Other assets 627.05M 3.26M 978.02M 1129.18M 1065.81M
Cash 9.29M 78.44M 5.49M 7.65M 30.17M
Cash and equivalents - - - - -
Total current liabilities 0.17M 68.13M 29.93M 18.73M 16.72M
Current deferred revenue 1.24M 0.07M 2.15M 0.04M 0.04M
Net debt 151.89M 125.44M 355.77M 429.55M 481.26M
Short term debt 0.00000M 24.99M 2.10M 0.33M 0.11M
Short long term debt - - - - -
Short long term debt total 161.18M 203.88M 361.26M 437.20M 511.43M
Other stockholder equity 521.25M 551.99M 579.94M 647.35M 524.21M
Property plant equipment 616.44M 718.04M 961.93M 1106.24M 1065.21M
Total current assets 91.84M 139.66M 49.49M 39.62M 48.22M
Long term investments 4.25M 4.10M 4.14M 4.18M 3.43M
Net tangible assets - - - 686.24M 453.69M
Short term investments - - 1.71M 4.18M 3.43M
Net receivables 84.64M 58.50M 38.93M 28.98M 11.01M
Long term debt 160.84M 203.68M 360.86M 436.88M 511.32M
Inventory 2.32M 2.66M 2.33M 2.81M 3.06M
Accounts payable - - 27.39M 18.69M -0.10700M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity - - - 13.22M 13.76M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income - 1.51M 2.69M 3.31M 0.28M
Additional paid in capital - - - - -
Common stock total equity - - - 0.53M 0.44M
Preferred stock total equity - - - - -
Retained earnings total equity - - - -70.39700M -66.59200M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other -620.65400M 720.52M 963.24M 1111.26M 1065.15M
Deferred long term asset charges - - - - -
Non current assets total 0.17M 728.89M 972.51M 1120.53M 1073.30M
Capital lease obligations 0.17M 0.19M 0.40M 0.33M 0.11M
Long term debt total 160.84M 203.68M 360.86M 436.88M 511.32M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Investments - 268.75M 64.89M -18.70000M -4.65600M
Change to liabilities - - - 0.16M -0.37900M
Total cashflows from investing activities 63.40M 268.75M 158.46M -60.39800M -18.76900M
Net borrowings -42.98200M -158.52100M -76.39300M -75.27900M 4.07M
Total cash from financing activities -149.97100M -211.94400M -173.51300M 20.83M 13.87M
Change to operating activities - - - -0.03700M -0.96000M
Net income 31.55M 61.45M 30.76M 11.96M 10.26M
Change in cash -69.14800M 72.95M -2.16500M -22.51700M 2.95M
Begin period cash flow 78.44M 5.49M 7.65M 30.17M 27.22M
End period cash flow 9.29M 78.44M 5.49M 7.65M 30.17M
Total cash from operating activities 17.43M 16.14M 12.89M 17.05M 7.86M
Issuance of capital stock 0.00000M 0.03M 0.11M 121.37M 27.16M
Depreciation 4.17M 5.59M 7.50M 6.96M 7.63M
Other cashflows from investing activities 63.40M 268.75M 158.46M 17.06M 69.78M
Dividends paid 63.74M 24.60M 15.48M -14.63600M -16.41200M
Change to inventory 0.34M -0.32400M 0.47M 0.25M -1.71500M
Change to account receivables -0.06900M 2.86M 0.80M -2.33500M -0.97400M
Sale purchase of stock -38.14000M -27.53400M -72.64800M -10.15800M -0.65000M
Other cashflows from financing activities -5.10500M -1.32300M -9.18700M 221.19M 39.68M
Change to netincome - - - -0.89200M -7.48000M
Capital expenditures 7.84M 19.39M 5.83M 58.76M 83.89M
Change receivables - - - -2.45400M -1.07400M
Cash flows other operating - - - 0.24M -0.64200M
Exchange rate changes - - - - -
Cash and cash equivalents changes - - - -22.51700M 2.95M
Change in working capital -2.15600M 0.21M 1.19M -2.18400M -3.80700M
Stock based compensation 2.16M 2.35M 1.85M 1.94M 1.26M
Other non cash items -18.28700M -53.45500M -28.41000M -1.62500M 0.14M
Free cash flow 17.43M 16.14M 12.89M 17.05M 7.86M

Peer Comparison

Sector: Real Estate Industry: REIT - Specialty

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
FPI
Farmland Partners Inc
-0.07 0.67% 10.31 19.28 161.29 9.91 1.12 12.74 14.47
AMT
American Tower Corp
-3.29 1.77% 182.24 32.36 28.09 7.66 23.20 12.04 19.89
EQIX
Equinix Inc
5.20 0.49% 1077.00 76.95 63.29 9.32 5.79 10.70 25.99
DLR
Digital Realty Trust Inc
-3.76 2.01% 183.50 56.86 120.48 11.76 3.21 14.41 23.95
CCI
Crown Castle
-1.3 1.45% 88.62 34.66 33.44 8.69 8.86 15.87 24.61

Reports Covered

Stock Research & News

Profile

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

4600 South Syracuse Street, Denver, CO, United States, 80237-2766

Key Executives

Name Title Year Born
Mr. Paul A. Pittman Exec. Chairman & CEO 1962
Mr. Luca Fabbri Pres 1969
Mr. James Gilligan Chief Financial Officer NA
Mr. Richard Keck VP of Operations NA
Ms. Christine M. Garrison Gen. Counsel & Sec. NA
Mr. Phillip Hayes VP of Marketing NA
Mr. Luca Fabbri President, CEO & Board Director 1969
Mr. Paul A. Pittman J.D. Executive Chairman 1962
Ms. Christine M. Garrison J.D. General Counsel & Corporate Secretary 1979
Ms. Susan M. Landi CFO & Treasurer 1977

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