Farmland Partners Inc. (FPI)
| Market Cap | 603.80M |
| Revenue (ttm) | 58.47M |
| Net Income (ttm) | 15.35M |
| Shares Out | 49.01M |
| EPS (ttm) | 0.32 |
| PE Ratio | 38.34 |
| Forward PE | 12.57 |
| Dividend | $0.24 (1.95%) |
| Ex-Dividend Date | Jan 2, 2025 |
| Volume | 969,488 |
| Open | 12.00 |
| Previous Close | 12.10 |
| Day's Range | 11.91 - 12.39 |
| 52-Week Range | 9.70 - 13.04 |
| Beta | 0.71 |
| Analysts | Buy |
| Price Target | 15.00 (+21.75%) |
| Earnings Date | Oct 30, 2024 |
About FPI
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 December 31, 2023, the Company owns and/or manages approximately 171,100 acres in 16 states, including Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina and Texas. In addition, the Company owns land and buildings for four agriculture equipment... [Read more]
Financial Performance
In 2023, Farmland Partners's revenue was $57.47 million, a decrease of -6.19% compared to the previous year's $61.26 million. Earnings were $27.79 million, an increase of 230.75%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for FPI stock is "Buy" and the 12-month stock price forecast is $15.0.
News
3 Big Dividends Backed By High-Quality Assets
Avoid private equity and REITs offering unsustainable high yields; they often rely on risky investments or leverage, leading to potential capital destruction. We prefer to look at the cashflows first ...
Farmland Partners Declares $1.15 per Share Special Dividend After Strong Year
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today announced that its Board of Directors has declared a one-time dividend of $1.15 per share of common stock and...
Farmland Partners, Inc. (FPI) Q3 2024 Earnings Call Transcript
Farmland Partners, Inc. (NYSE:FPI) Q3 2024 Earnings Conference Call October 31, 2024 11:00 AM ET Company Participants Christine Garrison - General Counsel Luca Fabbri - President and CEO Paul Pittman...
Farmland Partners Inc. Reports Third Quarter 2024 Results
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (“FPI” or the “Company”) today reported financial results for the quarter ended September 30, 2024. Selected Highlights During the quarter e...
2 REITs That Remain Undervalued
REITs have surged by nearly 40% on average. But some specific REITs missed out on this rally. I highlight 2 REITs that still present significant upside potential.
Farmland Partners Inc. Announces Date for Third Quarter 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 quarter ended September 30, 2024, after 5 p.m. (Eastern Time) ...
Farmland Partners Completes $289 Million Farmland Sale
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today confirmed that the recently announced sale of a portfolio of farmland to Farmland Reserve, Inc. (“Farmland Re...
These REITs Trade At Premiums, But Should They?
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Farmland Partners Massive Land Sale Demonstrates Asset Value
Farmland Partners' recent sale of 41,554 acres at a 61% premium to USDA values highlights its NAV at $17-$21 per share, well above market price. This sale disproves bear claims, showing FPI's land qua...
The More They Drop, The More I Buy
A very defensive sector that has bright long-term prospects has seen stock prices languish recently. We look at two opportunities that offer attractive dividends and trade at compelling valuations. We...
Farmland Partners: Selling A Quarter Of Their Book Confirms 50% Upside To NAV
Farmland Partners offers a compelling investment due to its 30%+ discount to NAV and potential for high long-term returns as a portfolio diversifier. Recent sale of 46 farms for $289 million, with a $...
Farmland Partners to Sell $289 Million of Farmland to Farmland Reserve, Inc.
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today announced that it is selling a portfolio of 46 farms, comprising 41,554 acres of farmland (the “Portfolio”), ...
My 3 Worst REIT Investments Ever
My portfolio has done very well lately. But I have had quite a few setbacks in recent years. I review some of my worst REIT investments ever.
Undercovered Dozen: Burford Capital, Metlife, Garrett Motion, Kaspi +
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Farmland Partners: A Better Alternative To Gold Or Treasuries
Farmland Partners is a farmland REIT with 70% of its land value concentrated in row crop farms, leaving 30% for permanent crop farms. So far in 2024, the REIT has underperformed both real estate ETFs ...
MWA Vice President Elizabeth Strom Wins Illinois Land Broker of the Year Award
CHAMPAIGN, Ill.--(BUSINESS WIRE)--Murray Wise Associates (MWA) announced today that Vice President Elizabeth Strom was recently recognized as the 2024 Land Broker of the Year by the Illinois chapter o...
What I Wish I Knew Before Buying REITs
REITs are proven long-term wealth compounders with the benefits of real estate investing, economies of scale, and diversification. However, there are several important aspects of REIT investing that m...
5 Recession-Resistant Stocks That Won't Weigh You Down In A Soft Landing
Opposition hedging, while common, can reduce returns as it hedges against the main portfolio direction. We prefer using companies with inherently resilient business models to reduce economic exposure....
Bruce Sherrick Joins Farmland Partners Board of Directors
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today announced the addition of Dr. Bruce Sherrick, a renowned agricultural economist and farmland expert at the Un...
Farmland Partners Inc. (FPI) Q2 2024 Earnings Call Transcript
Farmland Partners Inc. (NYSE:FPI) Q2 2024 Earnings Call July 25, 2024 11:00 AM ET Company Participants Luca Fabbri - President and Chief Executive Officer Christine Garrison - General Counsel Paul Pi...
Farmland Partners Inc. Reports Second Quarter 2024 Results
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (“FPI” or the “Company”) today reported financial results for the quarter ended June 30, 2024. Selected Highlights During the quarter ended ...
Farmland Partners Inc. Announces Date for Second Quarter 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 quarter ended June 30, 2024, after 5 p.m. (Eastern Time) on We...
Farmland Partners: Reaching NAV Unlikely Outside Of A Sale
We had rated Farmland Partners Inc. neutral in April. The stock reported its Q1-2024 results and also announced the departure of its CFO. We go over these events and update our thesis.
What I Wish I Knew Before Investing In REITs Instead Of Rentals
REITs and rental properties are two of the most popular methods for investing in real estate. While REITs have many advantages over rental properties, there are also some important differences between...