NYSE · REIT - Specialty · USD

Farmland Partners Inc. (FPI) Stock Analysis

Farmland Partners Inc. (FPI) is a REIT - Specialty stock listed on NYSE and quoted in US Dollar.

Last Updated: October 21, 2026

FPI

$9.84

−$0.20 (−1.99%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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FPI Key Statistics

As of Oct 21, 2026

Trading

Open: $10.05
Previous Close: $10.04
Day's Range: 9.82–10.11
52-Week Range: 9.21–13.23
Volume: 506.67K
Beta: 0.70

Valuation

Market Cap: $432.21M
P/E Ratio: 19.29
Forward P/E: 41.00
P/S ratio: 8.46
EPS (ttm): 0.51

Financials (FY)

Revenue (FY): $52.18M−10.39%
Net Income (FY): $31.55M−47.35%
Profit margin: 50.24%
Shares Outstanding: 43.63M
1-Year Return: +0.60%

Dividend and dates

Dividend: $0.36+3.59%
Ex-Dividend Date: October 1, 2026
Earnings Date: November 4, 2026
Avg Volume: 600.91K

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, FPI closed at $9.84, +0.60% over 1 year.

Farmland Partners Inc. (FPI) has a market capitalization of $432.21M.

In fiscal 2025, FPI reported revenue of $52.18M.

FPI Stock Return by Calendar Year

Farmland Partners Inc. (FPI) 10-year return: what $10,000 became

1 year: $10,000 $10,060; +0.60%
5 years: $10,000 $10,392; +3.92%
10 years: $10,000 $14,007; +40.07%

If you had invested $10,000 in Farmland Partners Inc. (FPI) 10 years ago, at the close on October 21, 2016, it would have been worth $14,007 at the close on October 21, 2026: +40.07% in total, +3.43% a year, with dividends reinvested. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

−45.13%+53.84%+3.97%

2016*2017201820192020202120222023202420252026*

Year	Return
2026 (partial year)	+3.97%
2025	−14.11%
2024	+5.66%
2023	+3.99%
2022	+6.09%
2021	+39.70%
2020	+32.09%
2019	+53.84%
2018	−45.13%
2017	−17.82%
2016 (partial year)	−0.81%

As of October 21, 2026.

FPI Revenue and Earnings by Fiscal Year

FY ends December

RevenueNet income

2022202320242025

Fiscal year	Revenue	Net income	Net margin
2025	$52.18M	$31.55M	60.5%
2024	$58.23M	$59.91M	102.9%
2023	$57.47M	$30.91M	53.8%
2022	$61.21M	$11.67M	19.1%

Fiscal year	Revenue	Gross profit	Operating income	Net income	Net margin
2025	$52.18M	$41.92M	$23.06M	$31.55M	60.5%
2024	$58.23M	$46.92M	$25.51M	$59.91M	102.9%
2023	$57.47M	$44.05M	$23.86M	$30.91M	53.8%
2022	$61.21M	$47.05M	$25.09M	$11.67M	19.1%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

FPI Dividend History

’16’17’18’19’20’21’22’23’24’25’26*

$0.44−66.9% vs 2024

Dividends per share, 2025 · 5 payments

Year	Dividends per share	Payments	Change
2026*	$0.24	3	—
2025	$0.44	5	−66.9%
2024	$1.33	4	+195.6%
2023	$0.45	5	+95.7%

Year	Dividends per share	Payments	Change
2026 (partial year)	$0.24	3	—
2025	$0.44	5	−66.9%
2024	$1.33	4	+195.6%
2023	$0.45	5	+95.7%
2022	$0.23	4	+15.0%
2021	$0.20	4	+0.0%
2020	$0.20	4	+0.0%
2019	$0.20	4	−43.8%
2018	$0.36	4	−30.5%
2017	$0.51	4	+300.0%
2016	$0.13	1	—

Most recent payment: $0.08 per share, ex-dividend July 1, 2026. Per-share amounts summed by calendar year from ex-dividend dates. Partial years are shown muted and marked with an asterisk.

FPI Valuation vs REIT - Specialty Median

Median of 19 stocks

Metric	FPI	REIT - Specialty median	vs median
P/E	19.29	27.44	30% below
P/S ratio	8.46	5.69	49% above
Profit margin	50.24%	16.64%	33.6 pts above

Medians across 19 REIT - Specialty stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

The market values Farmland Partners Inc. (FPI) at $432.21M. It is classified in the REIT - Specialty industry, within the Real Estate sector. Headcount on file is 11.

FPI last closed at $9.84 on October 21, 2026. That is −$0.20 (−1.99%) against the previous close. Over the past 52 weeks the price has ranged from $9.21 to $13.23. The latest close sits 6.84% above that 52-week low.

Financial Health

Fiscal 2025 revenue came to $52.18M. Against the prior fiscal year total of $58.23M, that is a change of −10.39%. The same year closed with net income of $31.55M. That is −47.35% against the prior fiscal year. Profit margin runs at 50.24%. That is 33.6 percentage points above the REIT - Specialty median of 16.64%. Earnings per share on a trailing basis come to 0.51.

Across the 4 fiscal years on file, revenue moves from $61.21M in 2022 to $52.18M in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

The trailing P/E ratio stands at 19.29. That is 29.7% below the REIT - Specialty median of 27.44. The forward P/E on file is 41. The price-to-sales ratio is 8.46. On price-to-sales that is 48.85% above the REIT - Specialty median of 5.69. 19 REIT - Specialty companies report these metrics, and the medians quoted come from that group.

Over the trailing twelve months the total return is +0.60%. Across 10 years the annualized return works out at +3.43%. Beta against the wider market is reported at 0.7. Daily returns over the trailing 10 years annualize to a volatility of 35.64%.

Growth & Income

FPI pays a dividend yielding 3.59%. That is 0.7 percentage points below the REIT - Specialty median yield of 4.29%. At the indicated rate that is $0.36 a share a year. The ex-dividend date on file is October 1, 2026. Dividends are recorded for 11 calendar years; 2026 shows 3 payments totalling $0.24 a share. The year before, 2025, totalled $0.44 a share.

The strongest complete calendar year on file is 2019 at +53.84%; the weakest is 2018 at −45.13%. Of the 9 complete calendar years on file, 6 finished higher. So far in 2026 the total return is +3.97%.

Peer Comparison

Farmland Partners Inc. (FPI) operates in the REIT - Specialty industry. Here is how it compares to its closest peers by market capitalization:

Company	Ticker	Market Cap	P/E Ratio
Farmland Partners Inc.	FPI	$432.21M	19.3
Equinix, Inc.	EQIX	$98.18B	64.0
American Tower Corporation	AMT	$82.77B	24.4
Digital Realty Trust, Inc.	DLR	$66.59B	85.6

The REIT - Specialty industry average P/E ratio is 27.4x. Farmland Partners Inc. trades at a P/E of 19.3.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Farmland Partners Inc.

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 June 30, 2026, the Company owned approximately 70,100 acres of farmland in 11 states, including Arkansas, California, Colorado, Illinois, Indiana, Louisiana, Missouri, Nebraska, 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. Farmland Partners Inc. was established on September 27, 2013, and is based in Denver, United States.

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