FPI - Farmland Partners Inc Stock Price, Fair Value and News

10.81USD+0.06 (+0.56%)Market Closed

Market Summary

USD10.81+0.06

Market Closed

0.56%

FPI Stock Price

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FPI RSI Chart

FPI Valuation

Market Cap

519.2M

Price/Earnings (Trailing)

16.39

Price/Sales (Trailing)

9.03

EV/EBITDA

8.33

Price/Free Cashflow

40.29

FPI Price/Sales (Trailing)

FPI Profitability

EBT Margin

54.84%

Return on Equity

5.99%

Return on Assets

3.1%

Free Cashflow Yield

2.48%

FPI Fundamentals

FPI Revenue

Revenue (TTM)

57.5M

Rev. Growth (Yr)

-1.06%

Rev. Growth (Qtr)

85.85%

FPI Earnings

Earnings (TTM)

31.7M

Earnings Growth (Yr)

164.63%

Earnings Growth (Qtr)

311.45%

Breaking Down FPI Revenue

Last 7 days

2.4%

Last 30 days

-2.2%

Last 90 days

-6.1%

Trailing 12 Months

1.4%

How does FPI drawdown profile look like?

FPI Financial Health

FPI Investor Care

Dividend Yield

2.22%

Dividend/Share (TTM)

0.24

Buy Backs (1Y)

11.62%

Diluted EPS (TTM)

0.51

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs

Net sales

Year	Q1	Q2	Q3	Q4
2023	60.0M	59.2M	57.7M	57.5M
2022	54.1M	56.4M	59.4M	61.2M
2021	50.6M	50.1M	49.6M	51.7M
2020	54.3M	53.9M	54.6M	50.7M
2019	55.8M	55.3M	52.6M	53.6M
2018	50.3M	50.2M	50.7M	56.1M
2017	33.5M	38.9M	44.0M	46.2M
2016	16.3M	19.5M	22.3M	31.0M
2015	5.6M	7.7M	10.6M	13.8M
2014	2.5M	2.7M	3.4M	4.2M
2013	2.2M	2.2M	2.3M	2.4M
2012	0	0	0	2.1M

Get all data in R, Python etc through our Historical Stock Data APIs

Tracking the Latest Insider Buys and Sells of Farmland Partners Inc

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 22, 2024	fabbri luca	sold (taxes)	-28,838	10.87	-2,653	president and ceo
Mar 21, 2024	moore danny d.	acquired	10,621	11.03	963	-
Mar 21, 2024	heneghan thomas	acquired	9,993	11.03	906	-
Mar 21, 2024	downey chris a	acquired	13,114	11.03	1,189	-
Mar 04, 2024	gilligan james	acquired	-	-	19,392	chief financial officer
Mar 04, 2024	pittman paul a	acquired	-	-	66,943	executive chairman
Mar 04, 2024	garrison christine m.	acquired	-	-	9,308	general counsel and secretary
Mar 04, 2024	fabbri luca	acquired	-	-	40,724	president and ceo
Mar 03, 2024	fabbri luca	sold (taxes)	-	-	-3,053	president and ceo
Feb 24, 2024	garrison christine m.	sold (taxes)	-9,174	11.08	-828	general counsel and secretary

Which funds bought or sold FPI recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 19, 2024	BOURGEON CAPITAL MANAGEMENT LLC	sold off	-100	-4,244	-	-%
Apr 19, 2024	State of Alaska, Department of Revenue	added	0.51	-28,000	233,000	-%
Apr 19, 2024	Fortress Wealth Management, Inc.	added	17.8	43,941	963,568	0.50%
Apr 19, 2024	Taylor Frigon Capital Management LLC	added	0.79	-146,834	1,270,920	0.60%
Apr 19, 2024	Sumitomo Mitsui Trust Holdings, Inc.	reduced	-3.13	-93,315	580,730	-%
Apr 18, 2024	Allspring Global Investments Holdings, LLC	new	-	196,270	196,270	-%
Apr 18, 2024	Well Done, LLC	unchanged	-	-14,725	118,437	0.02%
Apr 18, 2024	Capital Advisors, Ltd. LLC	unchanged	-	-	2,000	-%
Apr 17, 2024	Red Door Wealth Management, LLC	new	-	443,745	443,745	0.09%
Apr 16, 2024	Register Financial Advisors LLC	new	-	17,841	17,841	0.01%

Are Funds Buying or Selling FPI?

Are funds buying FPI calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own FPI

No. of Funds

Unveiling Farmland Partners Inc's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	9.78%	4,713,075	SC 13G
Feb 09, 2024	massachusetts financial services co /ma/	5.7%	2,755,880	SC 13G
Feb 09, 2024	global alpha capital management ltd.	4.7%	2,284,069	SC 13G/A
Jan 26, 2024	blackrock inc.	7.9%	3,784,006	SC 13G/A
Oct 10, 2023	pittman paul a	5.3%	2,567,805	SC 13D
Feb 10, 2023	global alpha capital management ltd.	5.3%	2,876,707	SC 13G/A
Feb 03, 2023	blackrock inc.	6.5%	3,543,092	SC 13G
Nov 24, 2021	blackrock inc.	4.7%	2,127,132	SC 13G/A
Nov 10, 2021	blackrock inc.	4.7%	2,127,132	SC 13G/A
Feb 11, 2021	massachusetts financial services co /ma/	0.0%	0	SC 13G/A

Recent SEC filings of Farmland Partners Inc

View All Filings

Date Filed	Form Type	Document
Mar 26, 2024	4	Insider Trading
Mar 25, 2024	4	Insider Trading
Mar 25, 2024	4	Insider Trading
Mar 25, 2024	4	Insider Trading
Mar 15, 2024	ARS	ARS
Mar 15, 2024	DEF 14A	DEF 14A
Mar 15, 2024	DEFA14A	DEFA14A
Mar 06, 2024	4	Insider Trading
Mar 06, 2024	4	Insider Trading
Mar 06, 2024	4	Insider Trading

Peers (Alternatives to Farmland Partners Inc)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
AMT	80.4B	11.1B	-11.94%	-16.63%	58.79	7.21	4.04%	-19.43%
CCI	41.3B	7.0B	-8.87%	-24.96%	27.5	5.92	-0.07%	-10.36%
AVB	26.5B	2.8B	0.30%	6.36%	28.59	9.59	6.73%	-18.30%
ARE	20.4B	2.9B	-8.38%	-6.65%	196.69	7.06	11.46%	-80.13%
AMH	12.9B	1.6B	-2.62%	6.17%	29.74	8	7.80%	39.39%
REG	10.9B	1.3B	-3.14%	-3.60%	29.99	8.27	8.04%	-24.50%
BXP	9.6B	3.3B	-6.63%	15.11%	50.62	2.94	5.31%	-77.32%
MID-CAP
FRT	8.4B	1.1B	-1.33%	2.80%	35.43	7.42	5.38%	-38.52%
MAC	3.4B	884.1M	-10.11%	54.70%	-12.37	3.83	2.90%	-314.82%
SLG	3.3B	899.4M	-6.40%	107.66%	-5.83	3.66	-0.45%	-623.11%
SMALL-CAP
AAT	1.3B	441.2M	-2.46%	15.40%	20.03	2.94	4.38%	15.77%
AIV	1.2B	198.2M	1.56%	-2.62%	-7.46	5.71	-43.33%	-270.70%
MFA	1.1B	605.6M	-9.30%	1.07%	13.38	1.77	25.53%	134.62%
NYMT	644.1M	258.7M	-4.65%	-31.33%	-13.24	2.49	0.11%	83.70%
IVR	406.1M	277.9M	-12.53%	-21.90%	-25.61	1.46	44.33%	96.06%

Farmland Partners Inc News

Latest updates

Farmland Partners Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Revenue	85.8%	22.00	12.00	12.00	13.00	22.00	13.00	12.00	14.00	20.00	10.00	10.00	12.00	18.00	11.00	11.00	12.00	22.00	10.00	11.00	11.00	21.00
Operating Expenses	-3.5%	11.00	12.00	9.00	8.00	9.00	8.00	9.00	10.00	9.00	9.00	9.00	8.00	8.00	7.00	7.00	6.00	7.00	7.00	7.00	6.00	7.00
S&GA Expenses	17.4%	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	2.00	2.00	2.00	2.00	1.00	1.00	1.00	2.00	1.00	1.00	1.00	2.00
EBITDA Margin	23.8%	1.07*	0.87*	0.75*	0.62*	0.58*	0.69*	0.67*	0.59*	0.65*	0.55*	0.62*	-	-	-	-	-	-	-	-	-	-
Interest Expenses	-9.2%	6.00	6.00	6.00	5.00	5.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	4.00	5.00	5.00	5.00	5.00	5.00	5.00
Income Taxes	106.3%	0.00	-0.19	0.00	0.00	0.00	0.00	0.00	-	-	-	-	-	-	-	-	-	-0.02	-	-	-	-
Earnings Before Taxes	330.8%	18.00	4.00	8.00	2.00	7.00	1.00	3.00	1.00	13.00	-2.67	-2.86	2.00	6.00	1.00	0.00	0.00	10.00	-1.46	7.00	0.00	8.00
EBT Margin	53.9%	0.55*	0.36*	0.30*	0.21*	0.20*	0.31*	0.26*	0.17*	0.20*	0.07*	0.13*	-	-	-	-	-	-	-	-	-	-
Net Income	311.4%	18.00	4.00	8.00	2.00	7.00	1.00	3.00	1.00	13.00	-2.67	-2.86	2.00	6.00	1.00	0.00	0.00	10.00	-1.46	7.00	0.00	8.00
Net Income Margin	54.1%	0.55*	0.36*	0.29*	0.21*	0.19*	0.31*	0.26*	0.16*	0.20*	0.07*	0.13*	-	-	-	-	-	-	-	-	-	-
Free Cashflow	295.4%	7.00	-3.66	-6.44	16.00	8.00	0.00	-1.87	10.00	7.00	-6.98	-3.19	-	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Assets	-4.4%	1,022	1,069	1,125	1,154	1,160	1,128	1,125	1,115	1,122	1,097	1,104	1,075	1,091	1,080	1,087	1,103	1,103	1,097	1,112	1,138	1,140
Cash Equivalents	-9.4%	5.00	6.00	9.00	12.00	8.00	9.00	20.00	16.00	30.00	21.00	40.00	36.00	27.00	7.00	12.00	15.00	13.00	9.00	22.00	19.00	17.00
Goodwill	0%	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	3.00	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities	-10.8%	391	439	490	470	456	427	442	487	529	521	523	512	525	527	528	537	526	526	531	546	536
Shareholder's Equity	0.0%	529	529	535	577	594	591	569	510	472	317	323	305	306	294	300	307	314	309	317	328	339
Retained Earnings	111.8%	31.00	15.00	11.00	4.00	4.00	-2.19	-2.46	-4.51	-4.74	-11.07	-5.46	0.00	1.00	-1.93	1.00	4.00	6.00	0.00	5.00	2.00	5.00
Additional Paid-In Capital	-0.6%	577	580	587	633	647	647	624	563	524	375	373	348	346	333	336	337	338	339	335	348	333
Shares Outstanding	-0.9%	48.00	48.00	51.00	54.00	54.00	53.00	50.00	46.00	45.00	33.00	31.00	30.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	537	-	-	-	681	-	-	-	334	-	-	-	203	-	-	-	210	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)																					(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1	2018Q4
Cashflow From Operations	295.4%	7,155	-3,662	-6,445	15,839	8,295	318	-1,871	10,309	6,618	-6,979	-3,189	11,406	9,565	179	-2,885	12,867	11,017	-5,150	-1,703	13,830	6,370
Share Based Compensation	5.3%	500	475	473	405	345	351	185	642	344	334	334	251	272	271	275	242	267	385	382	394	515
Cashflow From Investing	-1.2%	58,895	59,617	34,038	5,911	-34,673	-9,222	-8,684	-7,819	-9,629	-6,439	-27,720	25,019	6,397	5,564	7,252	-545	-2,298	-759	31,506	2,603	-199
Cashflow From Financing	-9.0%	-66,618	-61,126	-28,594	-17,175	25,163	-1,924	14,150	-16,559	11,809	-5,368	34,998	-27,572	4,147	-10,233	-7,763	-9,889	-4,721	-7,887	-26,594	-14,174	-13,088
Dividend Payments	-1.3%	2,900	2,937	3,177	3,259	3,259	3,165	2,428	2,274	1,647	1,641	1,542	1,530	1,458	1,488	1,498	1,498	1,521	1,504	1,393	1,759	1,801
Buy Backs	-50.8%	3,528	7,172	47,097	14,592	-	-	-	-	-	-	500	200	251	3,372	1,797	1,399	823	1,714	12,926	6,540	6,306

FPI Income Statement

2023-12-31

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
OPERATING REVENUES:
Rental income	$ 49,185	$ 48,879
Total operating revenues	57,466	61,210
OPERATING EXPENSES
Depreciation, depletion and amortization	7,499	6,960
Property operating expenses	8,660	8,190
Cost of goods sold	4,754	5,966
Acquisition and due diligence costs	17	111
General and administrative expenses	11,274	12,005
Legal and accounting	1,279	2,874
Impairment of assets	5,840	0
Other operating expenses	144	130
Total operating expenses	39,467	36,236
OTHER (INCOME) EXPENSE:
Other (income)	(39)	(663)
(Income) from equity method investment	(1)	(52)
(Gain) on disposition of assets, net	(36,133)	(2,641)
Interest expense	22,657	16,143
Total other expense	(13,516)	12,787
Net income before income tax (benefit) expense	31,515	12,187
Income tax (benefit) expense	(166)	227
NET INCOME	31,681	11,960
Net (income) attributable to non-controlling interests in operating partnership	(768)	(286)
Net income attributable to the Company	30,913	11,674
Nonforfeitable distributions allocated to unvested restricted shares	(157)	(63)
Distributions on Series A Preferred Units	(2,970)	(3,210)
Net income available to common stockholders of Farmland Partners Inc.	$ 27,786	$ 8,401
Basic and diluted per common share data:
Basic net income available to common stockholders	$ 0.55	$ 0.16
Diluted net income available to common stockholders	$ 0.53	$ 0.16
Basic weighted average common shares outstanding (in shares)	50,243	50,953
Diluted weighted average common shares outstanding (in shares)	58,292	50,953
Dividends declared per common share	$ 0.24	$ 0.23
Tenant reimbursements
OPERATING REVENUES:
Rental income	$ 3,428	$ 3,264
Crop sales
OPERATING REVENUES:
Revenue	2,257	5,372
Other revenue
OPERATING REVENUES:
Revenue	$ 6,024	$ 6,959

FPI Balance Sheet

2023-12-31

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Land, at cost	$ 869,848	$ 980,521
Grain facilities	12,222	11,349
Groundwater	11,472	17,682
Irrigation improvements	41,988	50,097
Drainage improvements	10,315	12,543
Permanent plantings	39,620	50,394
Other	4,696	6,967
Construction in progress	4,453	14,810
Real estate, at cost	994,614	1,144,363
Less accumulated depreciation	(33,083)	(38,447)
Total real estate, net	961,531	1,105,916
Deposits	426	148
Cash and cash equivalents	5,489	7,654
Assets held for sale	28	33
Loans and financing receivables, net	31,020	21,921
Right of use asset	399	325
Deferred offering costs	0	63
Accounts receivable, net	7,743	7,055
Derivative asset	1,707	2,084
Inventory	2,335	2,808
Equity method investments	4,136	4,185
Intangible assets, net	2,035	2,055
Goodwill	2,706	2,706
Prepaid and other assets	2,447	3,196
TOTAL ASSETS	1,022,002	1,160,149
LIABILITIES
Mortgage notes and bonds payable, net	360,859	436,875
Lease liability	399	325
Dividends payable	13,286	3,333
Accrued interest	4,747	4,135
Accrued property taxes	1,898	2,008
Deferred revenue	2,149	44
Accrued expenses	7,854	9,215
Total liabilities	391,192	455,935
Commitments and contingencies (See Note 8)
Redeemable non-controlling interest in operating partnership, Series A preferred units	101,970	110,210
EQUITY
Common stock, $0.01 par value, 500,000,000 shares authorized; 48,002,716 shares issued and outstanding at December 31, 2023, and 54,318,312 shares issued and outstanding at December 31, 2022	466	531
Additional paid in capital	577,253	647,346
Retained earnings	31,411	3,567
Cumulative dividends	(95,939)	(73,964)
Other comprehensive income	2,691	3,306
Non-controlling interests in operating partnership	12,958	13,218
Total equity	528,840	594,004
TOTAL LIABILITIES, REDEEMABLE NON-CONTROLLING INTERESTS IN OPERATING PARTNERSHIP AND EQUITY	$ 1,022,002	$ 1,160,149

About Farmland Partners Inc

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 farmers secured by farm real estate. As of June 30, 2023, the Company owns and/or manages approximately 190,200 acres in 20 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Louisiana, Michigan, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina, Texas, and 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 has approximately 26 crop types and over 100 tenants. 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.

CEO	Mr. Luca Fabbri
WEBSITE	farmlandpartners.com
INDUSTRY	REIT Mortgage
EMPLOYEES	28

Farmland Partners Inc Frequently Asked Questions

What is the ticker symbol for Farmland Partners Inc? What does FPI stand for in stocks?

FPI is the stock ticker symbol of Farmland Partners Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Farmland Partners Inc (FPI)?

As of Fri Apr 19 2024, market cap of Farmland Partners Inc is 516.31 Million. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of FPI stock?

You can check FPI's fair value in chart for subscribers.

What is the fair value of FPI stock?

You can check FPI's fair value in chart for subscribers. The fair value of Farmland Partners Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Farmland Partners Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for FPI so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Farmland Partners Inc a good stock to buy?

The fair value guage provides a quick view whether FPI is over valued or under valued. Whether Farmland Partners Inc is cheap or expensive depends on the assumptions which impact Farmland Partners Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for FPI.

What is Farmland Partners Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Fri Apr 19 2024, FPI's PE ratio (Price to Earnings) is 16.3 and Price to Sales (PS) ratio is 8.98. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. FPI PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Farmland Partners Inc's stock?

In the past 10 years, Farmland Partners Inc has provided 0.008 (multiply by 100 for percentage) rate of return.