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FPI logo FPI
Upturn stock ratingUpturn stock rating
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Farmland Partners Inc (FPI)

Upturn stock ratingUpturn stock rating
$11.51
Last Close (24-hour delay)
Profit since last BUY2.95%
upturn advisory
Consider higher Upturn Star rating
BUY since 24 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
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Upturn Stock infoUpturn Stock info Stock price based on last close
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Upturn Advisory Summary

06/30/2025: FPI (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

4 Analysts rated it

Limited analyst coverage, niche firm, research info may be scarce.

1 Year Target Price $12.25

1 Year Target Price $12.25

Analysts Price Target For last 52 week
$12.25Target price
Low$8.65
Current$11.51
high$12.8

Analysis of Past Performance

Type Stock
Historic Profit 6.51%
Avg. Invested days 45
Today’s Advisory Consider higher Upturn Star rating
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 3.0
Stock Returns Performance Upturn Returns Performance 2.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/30/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 541.78M USD
Price to earnings Ratio 10.66
1Y Target Price 12.25
Price to earnings Ratio 10.66
1Y Target Price 12.25
Volume (30-day avg) 4
Beta 0.88
52 Weeks Range 8.65 - 12.80
Updated Date 06/30/2025
52 Weeks Range 8.65 - 12.80
Updated Date 06/30/2025
Dividends yield (FY) 2.09%
Basic EPS (TTM) 1.08

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 107.15%
Operating Margin (TTM) 37.63%

Management Effectiveness

Return on Assets (TTM) 1.74%
Return on Equity (TTM) 10.2%

Valuation

Trailing PE 10.66
Forward PE 161.29
Enterprise Value 708285601
Price to Sales(TTM) 9.58
Enterprise Value 708285601
Price to Sales(TTM) 9.58
Enterprise Value to Revenue 12.54
Enterprise Value to EBITDA 8.45
Shares Outstanding 45990000
Shares Floating 40749796
Shares Outstanding 45990000
Shares Floating 40749796
Percent Insiders 10.6
Percent Institutions 61.95

Analyst Ratings

Rating 2
Target Price 12.25
Buy 1
Strong Buy 1
Buy 1
Strong Buy 1
Hold 2
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Farmland Partners Inc

stock logo

Company Overview

overview logo History and Background

Farmland Partners Inc. (FPI) was founded in 2014. It is a real estate investment trust (REIT) focused on acquiring and managing high-quality farmland throughout North America. It has grown through acquisitions and organic growth.

business area logo Core Business Areas

  • Farmland Acquisition: Acquiring diverse farmland across different geographic regions and crop types.
  • Lease Management: Leasing farmland to farmers under various lease structures, generating rental income.
  • Property Management: Managing and improving farmland assets to increase their value.
  • Development: Participating in select farmland development projects to enhance productivity and value.

leadership logo Leadership and Structure

The company is led by Paul Pittman (Chairman & CEO). The organizational structure comprises various departments, including acquisitions, property management, finance, and legal.

Top Products and Market Share

overview logo Key Offerings

  • Farmland Leases: Leasing farmland to farmers is the primary revenue driver. Market share data is not readily available, but FPI is one of the largest publicly traded farmland REITs. Competitors include private farmland owners and other REITs like Gladstone Land Corp (LAND).
  • Crop Sales: The company from time to time also sells crops grown on its farms. Competitors include other agricultural producers and suppliers. Market share data is not readily available.

Market Dynamics

industry overview logo Industry Overview

The farmland industry is characterized by increasing demand for food production, limited supply of arable land, and growing investor interest in agricultural assets. Technology and sustainability practices are also key drivers.

Positioning

Farmland Partners Inc. positions itself as a leading farmland REIT, offering investors access to the agricultural real estate market. Competitive advantages include its scale, diversification, and experienced management team.

Total Addressable Market (TAM)

The total value of US farmland is estimated to be in the trillions of dollars. FPI's market capitalization represents a small fraction of the TAM, suggesting significant growth potential.

Upturn SWOT Analysis

Strengths

  • Large portfolio of diversified farmland
  • Experienced management team
  • Publicly traded REIT structure providing access to capital markets
  • Diversified crop base minimizing risks associated with a single crop or region.

Weaknesses

  • Reliance on lease income, susceptible to fluctuations in commodity prices
  • Exposure to weather-related risks
  • High debt levels
  • Complex accounting due to lease structure

Opportunities

  • Acquisitions of additional farmland
  • Expansion into new geographic regions
  • Development of value-added agricultural projects
  • Increased demand for sustainable agriculture.

Threats

  • Downturn in agricultural commodity prices
  • Rising interest rates increasing borrowing costs
  • Climate change and environmental regulations
  • Competition from other farmland investors.

Competitors and Market Share

competitor logo Key Competitors

  • LAND
  • AGM
  • Private farmland owners
  • Agricultural investment funds

Competitive Landscape

FPI is a significant player in the farmland REIT space, benefiting from its scale and access to capital. However, it faces competition from other REITs, private investors, and institutional funds.

Major Acquisitions

Rural American Resources

  • Year: 2021
  • Acquisition Price (USD millions): 325
  • Strategic Rationale: Expanded FPI's farmland portfolio and diversified its geographic presence.

Growth Trajectory and Initiatives

Historical Growth: FPI's historical growth has been driven by acquisitions and same-farm lease revenue increases.

Future Projections: Future growth projections depend on various factors, including acquisitions, commodity prices, and interest rates. Analyst estimates should be consulted for detailed projections.

Recent Initiatives: Recent initiatives may include strategic acquisitions, partnerships, and sustainability programs.

Summary

Farmland Partners Inc. is a major farmland REIT that benefits from a large portfolio and experienced management. Its reliance on lease income and susceptibility to commodity price fluctuations present challenges. Strategic acquisitions and capitalizing on sustainability trends offer growth opportunities. External threats include climate change and competition.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company filings
  • Analyst reports
  • Industry publications

Disclaimers:

This analysis is for informational purposes only and does not constitute investment advice. Market share estimates are approximate. Financial data may be outdated; refer to official company releases for current information.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Farmland Partners Inc

Exchange NYSE
Headquaters Denver, CO, United States
IPO Launch date 2014-04-11
CEO, President & Non-Independent Director Mr. Luca Fabbri
Sector Real Estate
Industry REIT - Specialty
Full time employees 23
Full time employees 23

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 third-party farmers (both tenant and non-tenant) and landowners secured by farm real estate and/or other agricultural related assets. As of March 31, 2025, the Company owned and/or managed approximately 139,200 acres of farmland in 16 states, including Arkansas, California, Colorado, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Ohio, South Carolina, Texas and West Virginia. In addition, the Company owns land and buildings for four agriculture equipment dealerships in Ohio leased to Ag Pro under the John Deere brand. The Company elected to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with the taxable year ended December 31, 2014.