Farmland Partners Inc. (FPI)
| Market Cap | 608.21M |
| Revenue (ttm) | 58.47M |
| Net Income (ttm) | 15.35M |
| Shares Out | 49.01M |
| EPS (ttm) | 0.32 |
| PE Ratio | 38.62 |
| Forward PE | 12.66 |
| Dividend | $0.24 (1.93%) |
| Ex-Dividend Date | Jan 2, 2025 |
| Volume | 362,525 |
| Open | 12.39 |
| Previous Close | 12.47 |
| Day's Range | 12.20 - 12.48 |
| 52-Week Range | 9.70 - 13.12 |
| Beta | 0.70 |
| Analysts | Buy |
| Price Target | 15.00 (+20.87%) |
| 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
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
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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...
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Farmland Partners Massive Land Sale Demonstrates Asset Value
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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”), ...
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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...
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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
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Farmland Partners Announces Promotion of Susan Landi to CFO
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today announced that Susan Landi has been appointed to the Company's executive team as Chief Financial Officer (“CF...