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Real Estate - REIT - Specialty - NYSE - US
$ 10.21
-3.5 %
$ 470 M
Market Cap
9.63
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one FPI stock under the worst case scenario is HIDDEN Compared to the current market price of 10.2 USD, Farmland Partners Inc. is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one FPI stock under the base case scenario is HIDDEN Compared to the current market price of 10.2 USD, Farmland Partners Inc. is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one FPI stock under the best case scenario is HIDDEN Compared to the current market price of 10.2 USD, Farmland Partners Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart FPI

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$12.5$12.5$12.0$12.0$11.5$11.5$11.0$11.0$10.5$10.5$10.0$10.0$9.5$9.515 Oct15 OctNov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '25
FINANCIALS
58.2 M REVENUE
1.32%
-1.54 M OPERATING INCOME
-4.89%
61.4 M NET INCOME
99.80%
16.1 M OPERATING CASH FLOW
25.26%
269 M INVESTING CASH FLOW
69.60%
-212 M FINANCING CASH FLOW
-22.15%
21.5 M REVENUE
61.25%
0 OPERATING INCOME
0.00%
60.3 M NET INCOME
3302.37%
14.6 M OPERATING CASH FLOW
441.45%
276 M INVESTING CASH FLOW
3071.61%
-220 M FINANCING CASH FLOW
-10520.95%
Balance Sheet Farmland Partners Inc.
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Current Assets 136 M
Cash & Short-Term Investments 78.4 M
Receivables 55.3 M
Other Current Assets 2.66 M
Non-Current Assets 729 M
Long-Term Investments 4.1 M
PP&E 194 K
Other Non-Current Assets 725 M
9.07 %6.39 %83.74 %Total Assets$865.3m
Current Liabilities 68.1 M
Accounts Payable 0
Short-Term Debt 194 K
Other Current Liabilities 67.9 M
Non-Current Liabilities 272 M
Long-Term Debt 194 K
Other Non-Current Liabilities 272 M
19.99 %79.90 %Total Liabilities$339.9m
EFFICIENCY
Earnings Waterfall Farmland Partners Inc.
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Revenue 58.2 M
Cost Of Revenue 11.3 M
Gross Profit 46.9 M
Operating Expenses 46.9 M
Operating Income -1.54 M
Other Expenses -63 M
Net Income 61.4 M
70m70m60m60m50m50m40m40m30m30m20m20m10m10m00(10m)(10m)58m(11m)47m(47m)(2m)63m61mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
80.58% GROSS MARGIN
80.58%
-2.64% OPERATING MARGIN
-2.64%
102.89% NET MARGIN
102.89%
12.11% ROE
12.11%
6.90% ROA
6.90%
-0.19% ROIC
-0.19%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Farmland Partners Inc.
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20m20m00(20m)(20m)(40m)(40m)(60m)(60m)(80m)(80m)(100m)(100m)(120m)(120m)(140m)(140m)20162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 61.4 M
Depreciation & Amortization 5.59 M
Capital Expenditures 0
Stock-Based Compensation 2.35 M
Change in Working Capital 0
Others -47.7 M
Free Cash Flow 16.1 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Farmland Partners Inc.
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FPI has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
0.52% DIVIDEND YIELD
0.06 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
1.40001.40001.20001.20001.00001.00000.80000.80000.60000.60000.40000.40000.20000.20000.00000.00000.1160.12750.12750.12750.050.050.050.050.060.060.060.12750.12750.12750.12750.050.050.050.060.060.060.12750.12750.12750.050.050.050.050.060.060.060.12750.500.12750.510.12750.510.050.360.050.200.050.200.050.200.060.230.060.240.060.241.151.212015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 8
6. Ownership
Insider Ownership Farmland Partners Inc.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
184 K USD 1
3-6 MONTHS
254 K USD 2
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
All You Need to Know About Farmland Partners (FPI) Rating Upgrade to Strong Buy Farmland Partners (FPI) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy). zacks.com - 2 weeks ago
1 REIT To Sell And 1 Better Alternative To Buy We are not passive buy-and-hold investors. We will regularly sell positions to reinvest in better opportunities. I highlight one such opportunity in the REIT sector today. seekingalpha.com - 3 weeks ago
Farmland Partners: Interim Value Via Asset Sales, Long Term Via Strategic Pivot Farmland Partners Inc.'s Q4 earnings surpassed expectations in February, with FFO per share beating targets. The REIT is focusing on asset sales-based shareholder returns and strategic acquisitions, despite potential FFO reductions from asset sales, ensuring sustained dividends through fiscal 2025. Debt reduction and strategic acquisitions might drive future value, enhancing FPI's bottom-line performance and providing diversification benefits for risk reduction. seekingalpha.com - 1 month ago
Winners Of REIT Earnings Season In Part 2 of our Earnings Recap, we present a sector-by-sector breakdown of the Winners of REIT Earnings Season, discussing incremental positives/negatives and noting the individual standouts. Healthcare REITs were the leaders this earnings season, with results showing robust momentum in senior housing fundamentals, while tenant operator issues improved across other healthcare sub-sectors. Results from Net Lease, Casino, and Residential Mortgage REITs - several of the most rate-sensitive sectors - were also surprisingly steady despite the interest rate turbulence in late 2024. seekingalpha.com - 1 month ago
5 REITs Ripe For Buyout M&A is beneficial for target shareholders, offering premiums of 10%-50%, and identifying potential buyout targets involves analyzing specific features like discount to NAV and valuation disparity. REITs trading below NAV, especially in hot asset classes, are prime M&A candidates. Willingness to sell, management incentives, and operational synergies are crucial factors in determining a company's likelihood of being acquired. seekingalpha.com - 1 month ago
Why I Don't Invest In REIT ETFs Passive beats active in most cases. REITs are an exception. I explain why I follow an active strategy when investing in REITs. seekingalpha.com - 1 month ago
Farmland Partners Inc. (FPI) Q4 2024 Earnings Call Transcript Farmland Partners Inc. (NYSE:FPI ) Q4 2024 Results Conference Call February 20, 2025 11:00 AM ET Company Participants Luca Fabbri - President and CEO Christine Garrison - General Counsel Paul Pittman - Executive Chairman Susan Landi - Chief Financial Officer Conference Call Participants Rob Stevenson - Janney Montgomery Scott Buck Horne - Raymond James Darren Rabenou - DTR Partners Craig Kucera - Lucid Capital Markets Operator Thank you for standing by. My name is Gail and I will be your conference operator today. seekingalpha.com - 1 month ago
Farmland Partners Inc. Reports Full Year 2024 Results DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (“FPI” or the “Company”) today reported financial results for the year ended December 31, 2024. Selected Highlights During the year ended December 31, 2024, the Company: recorded net income of $61.5 million, or $1.19 per share available to common stockholders, compared to $31.7 million, or $0.55 per share available to common stockholders for the same period in 2023; recorded AFFO of $14.1 million, or $0.29 per share, compared to $8.1 m. businesswire.com - 1 month ago
Farmland Partners Inc. Announces Date for Fourth Quarter and Fiscal Year 2024 Earnings Release and Conference Call DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company”) today announced it will release its financial results for the fourth quarter and year ended December 31, 2024, after 5 p.m. (Eastern Time) on Wednesday, February 19, 2025, and will host a conference call the following day, Thursday, February 20, 2025, at 11:00 a.m. (Eastern Time) to discuss the financial results and provide a company update. The call can be accessed live over the phone by dialing 1-800-715-9871 and usin. businesswire.com - 1 month ago
Buy The Dip: High-Conviction High-Yields Getting Way Too Cheap Warren Buffett once offered sage advice on how to pick winning stocks. We have identified some of these types of stocks trading at compelling bargains. We share several high-conviction picks in this article. seekingalpha.com - 1 month ago
Buy Land, They Don't Make It Anymore: 3 'Dirt' Cheap Big Dividends And Buybacks Land has proven to be an excellent long-term risk-adjusted investment. Fortunately, there are numerous opportunities to buy it at a steep discount right now. I share three compelling opportunities, yielding up to 7.3% with big buybacks involved as well. seekingalpha.com - 2 months ago
Farmland Partners Announces Tax Treatment of 2024 Distributions DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today announced the tax treatment of our 2024 common stock distributions, as summarized in the following table. Farmland Partners Inc. CUSIP: 31154R109 EIN: 46-3769850 Farmland Partners Inc. 2024 Dividend Treatment   Common Stock   Dividends Capital Gains DeclarationDate Payment Date Record Date DistributionPer Share DistributionPer Share Allocable to2024 TaxableOrdinary(Box 1a) Qualified (Box 1b)(1) Total(Box. businesswire.com - 2 months ago
8. Profile Summary

Farmland Partners Inc. FPI

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COUNTRY US
INDUSTRY REIT - Specialty
MARKET CAP $ 470 M
Dividend Yield 0.52%
Description 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.
Contact 4600 South Syracuse Street, Denver, CO, 80237 https://www.farmlandpartners.com
IPO Date April 11, 2014
Employees 23
Officers Ms. Susan M. Landi Chief Financial Officer & Treasurer Mr. Richard Keck Vice President of Operations Ms. Christine M. Garrison J.D. General Counsel & Secretary Mr. Paul A. Pittman J.D. Executive Chairman Mr. Luca Fabbri Chief Executive Officer, President & Non-Independent Director