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Farmland Partners(NYSE) FPI

Market Cap$426.71MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2014)+28%
5 Year+8%
1 Year-5%
1 Month+1%
$9.98
+2.05%
+0.20Today
Farmland Partners last closing stock price
MetricPriceDate
Last closeUSD 9.782026-08-17
Farmland Partners stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week+0.62%USD 9.722026-08-10
1 month+0.72%USD 9.712026-07-17
3 month-3.12%USD 10.102026-05-19
Year to date+3.34%USD 9.462025-12-31
1 year-5.04%USD 10.302025-08-15
3 year+8.85%USD 8.982023-08-18
5 year+8.06%USD 9.052021-08-18
Since inception+28.31%USD 7.622014-04-11

Farmland Partners Financials at a Glance

Market Cap

$426.71MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$53.27M

Net Income (TTM)

$25.65M

EPS (TTM)

$0.46

P/E Ratio

21.23

Dividend

$0.30

Beta (Volatility)

0.57 (Low)

Price

$9.98

Volume

158,559.336

Open

$9.80

Previous Close

$9.78

Daily Range

$9.79 - $10.01

52-Week Range

$9.18 - $13.23

Estimated Earnings Date

Nov 4, 2026

FPI News

Aerial shot

Investing in Farmland: A Real Estate Investor's Guide

Matt DiLalloAug 11, 2026
two_people_shaking_hands_in_a_field

2 Best Farmland REITs for 2026 and How to Invest

Matt DiLalloJul 9, 2026
Farmland - GettyImages-1083286598

Why Farmland Partners Stock Dropped 15.5% This Past Week

Joe TenebrusoFeb 27, 2023
farmer with tablet in field

1 Big Reason This Under-the-Radar Stock is Outperforming the S&P

Liz BrumerNov 1, 2022
fpi farmland partners stock earnings farmland REIT

Farmland Partners Stock Pops 5% on Earnings and FFO Beats, Guidance Increase

Beth McKennaOct 25, 2022
best reit stocks 2022 best dvidend stocks 2022 fpi stock farmland partners stock best under 20 stock low price stock to buy 2022

The Smartest Dividend Stock to Buy With $20 Right Now

Beth McKennaJun 19, 2022
motleyfoolfarmland

One Sector Where Real Estate Billionaires Have Made a Ton of Money

Mike PriceApr 29, 2022

FPI: Motley Fool Moneyball Superscore

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About Farmland Partners

Farmland Partners buys large areas of American farmland. It rents this land to professional farmers for a fee. It also lends money to farmers to grow their businesses.

What's in the Portfolio?

  • Rental Properties: Farmland leased to over 100 tenants across 16 states; used for growing roughly 26 different types of crops.
  • FPI Loan Program: Loans provided to farmers and landowners for buying land or funding operations; secured by farm real estate or equipment.
  • Direct Farming: Agricultural operations performed on 1,845 acres in California through a specialized subsidiary.
  • Equipment Dealerships: Four agricultural retail locations in Ohio leased to a major dealership group.

Strategic Sales and New Deals

  • Acquired land and buildings for four John Deere dealerships in November 2022.
  • Purchased a property in West Virginia through a sale-leaseback agreement in December 2024.
  • Sold Murray Wise Associates to a third party in November 2025 to exit the auction and brokerage business.
  • Redeemed all remaining Series A preferred units for $68.2 million in February 2026 to simplify the company capital structure.

How the Business Stands Out

The company operates as a Real Estate Investment Trust (REIT), which is a firm that owns income-producing property. This structure requires the business to pay out most of its taxable income to shareholders as dividends.

The Latest Numbers

  • Total operating revenue was $10.1 million in Q1 2026, down 1.5% from Q1 2025.
  • Net income attributable to the company was $640,000 in Q1 2026, down 68.6% from Q1 2025.
  • Operating cash flow reached $8.2 million in Q1 2026, up 29.5% from Q1 2025.
  • Interest income from loans rose to $2 million in Q1 2026, up from $1.3 million in Q1 2025.

Bottom Line

Farmland Partners has transitioned from providing broad agricultural services to focusing strictly on land ownership and lending. This evolution emphasizes a more stable business model based on American farmland value and rental income.

AI Generated • May 6, 2026

Industry

Specialized REITs

Sector

Real Estate

Employees

12

CEO

Luca Fabbri, MBA

Website

www.farmlandpartners.com

Headquarters

Denver, CO 80237-2766, US

FPI Financials

Key Financial Metrics (TTM)

Gross Margin

82.64%

Operating Margin

49.22%

Net Income Margin

48.16%

Return on Equity

5.61%

Return on Capital

3.72%

Return on Assets

3.67%

Earnings Yield

4.71%

Dividend Yield

3.06%

Payout Ratio

79.41%

Stock Overview

Market Cap

$426.71MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

43.63M

Volume

158.56K

Avg. Volume

421.74K

Financials (TTM)

Gross Profit

$44.02M

Operating Income

$26.22M

EBITDA

$40.11M

Operating Cash Flow

$18.42M

Capital Expenditure

-$630.00K

Free Cash Flow

$17.79M

Cash & ST Invst.

$11.42M

Total Debt

$224.31M

Farmland Partners Performance Analysis

Farmland Partners annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 61,210,00018.3%
20232023-12-31USD 57,466,000-6.1%
20242024-12-31USD 58,226,0001.3%
20252025-12-31USD 52,178,000-10.4%
Farmland Partners sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-3013.0%
Q42025-12-31100.1%
Q12026-03-31-55.1%
Q22026-06-30-7.0%
Farmland Partners annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD 0.16N/A
20232023-12-31USD 0.48189.1%
20242024-12-31USD 1.01111.4%
20252025-12-31USD 0.56-44.3%
Farmland Partners sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q32025-09-30-102.1%
Q42025-12-3115433.3%
Q12026-03-31-97.8%
Q22026-06-30610.0%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q2 2026YOY CHG

Revenue

$9.40M

-5.7%

Gross Profit

$8.52M

+23.6%

Gross Margin

90.66%

N/A

Market Cap

$426.71MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$35.56M

N/A

Employees

12

N/A

Net Income

$3.11M

-59.1%

EBITDA

$7.14M

-37.1%

Quarterly Fundamentals

Name
Q2 2026YOY CHG

Total Cash

$11.42M

-77.6%

Total Debt

$224.31M

+16.0%

Accounts Receivable

$79.25M

+22.8%

Inventory

$2.96M

+14.4%

Long Term Debt

$224.22M

+15.9%

Short Term Debt

$429.00K

N/A

Return on Assets

3.67%

N/A

Return on Invested Capital

3.75%

N/A

Free Cash Flow

-$3.43M

-57.0%

Operating Cash Flow

-$3.07M

-40.4%

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Questions About FPI

What is the current price of Farmland Partners?

Farmland Partners is trading at $10.00 per share.

What is the 52-week range for Farmland Partners?

Over the past 52 weeks, Farmland Partners has traded between $9.18 and $13.23.

How much debt does Farmland Partners have?

As of the most recent reporting period, Farmland Partners reported total debt of $224.31M.

How much cash does Farmland Partners have on hand?

Farmland Partners reported $11.42M in cash and cash equivalents in its most recent financial results.

What is Farmland Partners’s dividend yield?

Farmland Partners currently has a dividend yield of 3.06%.

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