FPI - NYSE

Farmland Partners Inc.

Farmland Partners Inc.

FPIยทNYSE

$10.28

-1.0%
Real EstateREIT - Specialty

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 the date of this release, the Company owns approximately 155,000 acres in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota and Virginia. We have 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.

StatementsValue Model

At a Glance

Live Snapshot
Market Cap$448.17M
EPS0.7100
P/E Ratio14.47
Earnings Date07/22/2026
Farmland Partners Inc.

Farmland Partners Inc. Fair Value Envelope

FPI ยท NYSE

Our analysis suggests that FPI has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $10.275, this represents a potential HIDDEN relative to our calculated worth for Farmland Partners Inc..

HIDDEN
Intrinsic Value
Current Price: $10.275

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$468.8M
+ Cash & Equivalents$9.3M
Firm Value$478.1M
- Debt$161.2M
Equity Value$317.0M
/ Shares Outstanding43,846,567B
DCF Value$7
OVERVALUED BY 30%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$18.8M
$20.3M
$21.9M
$23.7M
$25.6M
$27.6M
$29.8M
$32.1M
$34.7M
$37.5M
Maintenance CapEx
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
-$0
Owner Earnings
$18.8M
$20.3M
$21.9M
$23.7M
$25.6M
$27.6M
$29.8M
$32.1M
$34.7M
$37.5M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$17.4M
$17.4M
$17.4M
$17.4M
$17.4M
$17.4M
$17.4M
$17.4M
$17.4M
$17.4M
Terminal Value represents 62.9% of Enterprise Value

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