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FPI

Farmland Partners Inc.

FPI

NYSE·Real Estate·REIT - Specialty·Mkt cap $421.3M

$9.71

+0.52%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$9.37 - $13.23

P/E

16.00

Fwd P/E

52.49

Beta

0.68

Div Yield

5.18%

Avg Vol

376.1K

Shares Out

44.4M

Mkt Cap

$421.3M

Price action

Price chart

Down 16.6% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

5 reasons

  • Internal management structure reducing overhead costs
  • Diversified portfolio across 155,000 acres and 26 crop types
  • Established relationships with 100+ agricultural tenants
  • Geographic diversification across 16 states
  • REIT tax structure enabling high dividend distributions

Bear Case

2 risks

  • Low volatility (beta 0.7).
  • High premium - requires strong execution

Growth

Revenue decline expected

Acquisition of additional high-quality farmland

Value

High premium - requires strong execution

Momentum

Weak

-15.5% over 3m

Quality

Excellent

Solid business

Dividend

High yield

5.18% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: May 5, 2026

Q2 26 RECAP

APR 29, 2026

Reported EPS of $0.05 vs $0.04 consensus (+25.0% surprise). Revenue of $6.3M vs $5.7M expected (+11.1%). Beat on both top and bottom lines.

EPS beat +25.0%
Rev beat +11.1%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+25.0%

Next: May 5, 2026

Revenue trend · last 8Q

-1%

-14%

-13%

-16%

+5%

-1%

Q2 24

Q3 24

Q4 24

Q1 25

Q2 25

Q3 25

Q4 25

Q1 26

$11.4M

$13.3M

$21.5M

$10.3M

$10.0M

$11.3M

$22.5M

$10.1M

Margins · last 8Q

Gross

Operating

Profit

6.3%

Wall Street consensus

1 analyst · 0% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

0%

Hold

1

100%

Sell

0%

Median Price Target

Latest: Raymond James · Mar 12, 2026

vs Industry

How FPI stacks vs REIT - Specialty

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.