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StockVS

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.

FPI

$10.65

+$0.12 (+1.14%)

Sep 4, 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 Sep 4, 2026
Trading
Open
$10.51
Previous Close
$10.53
Day's Range
10.50–10.71
52-Week Range
9.21–13.23
Volume
522.30K
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.71
Valuation
Market Cap
$467.79M
P/E Ratio
20.48
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
44.38
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
9.16
EPS (ttm)Profit attributable to each share over the last twelve months.
0.52
Financials (FY)
Revenue (FY)
$52.18M−10.39%
Net Income (FY)
$31.55M−47.35%
Profit marginThe share of revenue left as profit after all costs and taxes.
50.24%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
43.63M
1-Year Return
+4.09%
Dividend and dates
Dividend
$0.36+3.38%
Ex-Dividend Date
October 1, 2026
Earnings Date
November 4, 2026
Avg Volume
483.68K

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

FPI Stock Return by Calendar Year

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

YearReturn
2026 (partial year)+12.53%
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 September 4, 2026.

FPI Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$52.18M$31.55M60.5%
2024$58.23M$59.91M102.9%
2023$57.47M$30.91M53.8%
2022$61.21M$11.67M19.1%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$52.18M$41.92M$23.06M$31.55M60.5%
2024$58.23M$46.92M$25.51M$59.91M102.9%
2023$57.47M$44.05M$23.86M$30.91M53.8%
2022$61.21M$47.05M$25.09M$11.67M19.1%

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

FPI Dividend History

$0.44−66.9% vs 2024

Dividends per share, 2025 · 5 payments

YearDividends per sharePaymentsChange
2026*$0.243—
2025$0.445−66.9%
2024$1.334+195.6%
2023$0.455+95.7%
YearDividends per sharePaymentsChange
2026 (partial year)$0.243—
2025$0.445−66.9%
2024$1.334+195.6%
2023$0.455+95.7%
2022$0.234+15.0%
2021$0.204+0.0%
2020$0.204+0.0%
2019$0.204−43.8%
2018$0.364−30.5%
2017$0.514+100.0%
2016$0.262—

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 22 stocks
MetricFPIREIT - Specialty medianvs median
P/E20.4828.3028% below
P/S ratio9.166.2746% above
Profit margin50.24%12.24%38.0 pts above

Medians across 22 REIT - Specialty stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 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 $467.79M. It is classified in the REIT - Specialty industry, within the Real Estate sector. Headcount on file is 11.

FPI last closed at $10.65 on September 4, 2026. That is +$0.12 (+1.14%) against the previous close. Over the past 52 weeks the price has ranged from $9.21 to $13.23. The latest close sits 15.64% 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 38 percentage points above the REIT - Specialty median of 12.24%. Earnings per share on a trailing basis come to 0.52.

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 20.48. That is 27.65% below the REIT - Specialty median of 28.31. The forward P/E on file is 44.38. The price-to-sales ratio is 9.16. On price-to-sales that is 46.08% above the REIT - Specialty median of 6.27. 22 REIT - Specialty companies report these metrics, and the medians quoted come from that group.

Over the trailing twelve months the price has returned +4.09%. Across 10 years the annualized return works out at +3.52%. Beta against the wider market is reported at 0.71. Daily returns over the trailing 10 years annualize to a volatility of 35.62%.

Growth & Income

FPI pays a dividend yielding 3.38%. That is 1 percentage points below the REIT - Specialty median yield of 4.33%. 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 price is +12.53%.

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 $467.79M 20.5
Equinix, Inc. EQIX $102.22B 67.1
American Tower Corporation AMT $81.94B 24.2
Digital Realty Trust, Inc. DLR $71.15B 91.9

The REIT - Specialty industry average P/E ratio is 28.3x. Farmland Partners Inc. trades at a P/E of 20.5.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 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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