Farmland Partners Inc. (FPI)
| Market Cap | 515.26M |
| Revenue (ttm) | 57.47M |
| Net Income (ttm) | 27.79M |
| Shares Out | 48.16M |
| EPS (ttm) | 0.53 |
| PE Ratio | 19.93 |
| Forward PE | n/a |
| Dividend | $0.24 (2.24%) |
| Ex-Dividend Date | Mar 28, 2024 |
| Volume | 147,505 |
| Open | 10.56 |
| Previous Close | 10.58 |
| Day's Range | 10.54 - 10.76 |
| 52-Week Range | 9.96 - 13.27 |
| Beta | 0.75 |
| Analysts | Buy |
| Price Target | 15.00 (+40.19%) |
| Earnings Date | May 1, 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, FPI's revenue was $57.47 million, a decrease of -6.12% compared to the previous year's $61.21 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. Reports Full Year 2023 Results
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (“FPI” or the “Company”) today reported financial results for the year ended December 31, 2023. Selected Fiscal Year 2023 Highlights During ...
Farmland Partners Inc. Announces Date for Fourth Quarter and Fiscal Year 2023 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, 2023, after 5 p.m. ...
Farmland Partners Announces Tax Treatment of 2023 Distributions
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today announced the tax treatment of our 2023 common stock distributions, as summarized in the following table. Far...
Farmland Partners Announces Change to its Board of Directors
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today announced that Murray Wise, the founder of FPI subsidiary Murray Wise Associates LLC (“MWA”), plans to step d...
Colorado Greenhouse and Ranch Go to Market in Ag-Sector Real Estate Sale
--A&G and Murray Wise Associates offer hydroponic grower Spring Born's fully automated, water-saving, high-production facility and 254-acre ranch near Silt and I-70. SILT, Colo.
Farmland Partners Asset Appreciation Leads to Declaration of $0.21 per Share Special Dividend
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 $0.21 per share of common stock and...
Farmland Partners, Ducks Unlimited Complete Land Conservation Project in Virginia
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) and Ducks Unlimited (“DU”) announced today that they recently completed the final stage of a three-part conservatio...
Farmland Partners Asset Appreciation Leads to Expected Special Distribution of Between $0.20 and $0.38 per Share
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today announced an update to its expected special dividend, resulting from the significant appreciation of assets s...
Farmland Partners Inc. Reports Third Quarter 2023 Results
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (“FPI” or the “Company”) today reported financial results for the three and nine months ended September 30, 2023. Selected Highlights During...
Farmland Partners Inc. Announces Date for Third Quarter 2023 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, 2023, after 5 p.m. (Eastern Time) ...
Farmland Partners Announces Several Asset Dispositions at a 17% Gain, and a Farm Acquisition
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today announced that it finalized numerous transactions over the third quarter of 2023, including the disposition o...
Farmland Partners Releases First Sustainability Report
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today released a report outlining the Company's environmental, social, and governance (“ESG”) initiatives. “When we...
FPI Provides Update on Recent Storms (No Significant Damage), Strong Lease Renewals, and Increased Sale Transactions for 2023
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today provided business updates on several topics, including recent storms in California and the Southeast, the sta...
Farmland Partners Inc. Reports Second Quarter 2023 Results
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (“FPI” or the “Company”) today reported financial results for the three and six months ended June 30, 2023. Selected Highlights During the q...
Farmland Partners Inc. Announces Date for Second Quarter 2023 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, 2023, after 5 p.m. (Eastern Time) on We...
Farmland Partners Sells $19.9 Million of Farmland, Acquires $8.85 Million Farm
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today announced that it has finalized several farmland transactions, including the disposition of more than 2,750 a...
Farmland Partners Completes $8.9 Million in Farmland Sales at 73% Gain
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today announced that it has sold 1,370 acres of farmland stretching across four farms in Arkansas, Georgia, Illinoi...
Farmland Partners Finalizes $16.2 Million in Farmland Sales for a 24% Gain
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today announced that it sold 2,426 acres of farmland in Nebraska and South Carolina to the tenants who rented the p...
Farmland Partners Inc. Reports First Quarter 2023 Results
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (“FPI” or the “Company”) today reported financial results for the quarter ended March 31, 2023. Selected Highlights During the quarter ended...
Farmland Partners Inc. Announces Date for First Quarter 2023 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 March 31, 2023, after 5 p.m. (Eastern Time) on W...
Farmland Partners Sells 862-Acre Arkansas Farm
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today announced that it sold 862 acres of farmland in White County, Arkansas, for $3.7 million – an approximate gai...
Jennifer Grafton Joins Farmland Partners Board of Directors
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today announced the addition of Jennifer Grafton, a business executive with public company Board and executive lead...
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Farmland Partners Enacts Senior Executive Succession Plan
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today announced that Luca Fabbri has been elevated to the role of Chief Executive Officer and appointed to the Comp...
Farmland Partners Inc. Reports Fourth Quarter and Full Year 2022 Results
DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (“FPI” or the “Company”) today reported financial results for the quarter and year ended December 31, 2022. Selected Fiscal Year 2022 Highli...