Farmland Partners Inc. (FPI)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
Farmland Partners Inc. (FPI) trades at $9.64 with AI Score 63/100 (Grade B+). Farmland Partners Inc. is a real estate company focused on owning and acquiring high-quality North American farmland. Market cap: $420.47M, Sector: Real estate.
Price live · AI analysis from May 10, 2026FPI stock analysis for 2026: Analysts have set a consensus price target of $13.00 for Farmland Partners Inc., suggesting 34.9% upside from the current price of $9.64. The AI MoonshotScore is 63/100, indicating a bullish outlook. Key factors: analyst coverage, AI-driven quantitative scoring.
FPI: 4/7 perspectives are bullish. Dominant signal: Ken Griffin bearish.
How is this calculated? →Farmland Partners Inc. (FPI) Real Estate Portfolio & Strategy
Farmland Partners Inc. (FPI) is an internally managed REIT specializing in the acquisition and management of high-quality North American farmland. With approximately 155,000 acres across 16 states and diverse crop types, FPI provides farmers with essential land access while generating revenue through leases and loans secured by agricultural real estate.
What Is the Investment Thesis for FPI?
Farmland Partners Inc. presents a notable research candidate within the agricultural real estate sector. The company's REIT structure provides a consistent dividend yield, currently at 4.44%. FPI's strategy of acquiring high-quality farmland in diverse geographic locations and crop types reduces risk and enhances revenue stability. The company's profit margin of 56.0% and gross margin of 78.7% demonstrate efficient operations. Growth catalysts include increasing demand for farmland due to population growth and limited arable land. Potential risks include fluctuations in commodity prices and interest rate changes that could impact loan demand and property values. Investors should monitor FPI's ability to maintain high occupancy rates and manage operating expenses effectively.
Based on FMP financials and quantitative analysis
FPI Key Highlights
- Market capitalization of $420.47M reflects the company's scale and investor confidence in its farmland portfolio.
- Price-to-earnings (P/E) ratio of 15.16 indicates a potentially reasonable valuation compared to earnings.
- Profit margin of 56.0% showcases efficient management and profitable operations within the REIT sector.
- Gross margin of 78.7% highlights the strong revenue generation from farmland leases and loans.
- Dividend yield of 4.44% provides an attractive income stream for investors seeking stable returns.
Who Are FPI's Competitors?
FPI is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| SBAC SBA Communications Corporation | $178.74 | -3.15% | $18.96B | 56 |
| OUT Outfront Media Inc. | $32.74 | -0.37% | $5.76B | 56 |
| EQIX Equinix, Inc. | $996.69 | -0.53% | $98.30B | 54 |
| IRM Iron Mountain Incorporated | $115.61 | -1.32% | $34.40B | 54 |
| AMT American Tower Corporation (REI | $160.41 | -3.38% | $74.74B | 54 |
| AFCG Advanced Flower Capital, Inc. | $3.04 | -2.88% | $69.34M | 53 |
| GLPI Gaming and Leisure Properties, Inc. | $43.74 | -0.48% | $12.39B | 53 |
| CXW CoreCivic, Inc. | $30.90 | -0.42% | $3.06B | 52 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are FPI's Key Strengths?
- Diversified portfolio of farmland across multiple states.
- Internal management structure provides operational efficiencies.
- REIT structure provides tax advantages.
- High profit and gross margins.
What Are FPI's Weaknesses?
- Exposure to fluctuations in commodity prices.
- Dependence on tenant farmers' ability to pay rent.
- Sensitivity to interest rate changes.
- Relatively small number of employees for the acreage managed.
What Could Drive FPI Stock Higher?
- Increasing demand for farmland due to population growth and limited arable land.
- Rising commodity prices boosting farmers' profitability and ability to pay rent.
- Potential acquisitions of additional farmland properties.
- Strategic lending opportunities to farmers.
- REIT structure providing tax advantages and consistent dividend income.
What Are the Key Risks for FPI?
- Financial-distress signal — its Altman Z-Score of 1.30 sits in the distress zone (elevated bankruptcy risk).
- Fluctuations in commodity prices impacting farmers' profitability.
- Interest rate changes affecting loan demand and property values.
- Deterioration of farmland quality due to environmental factors.
- Changes in government regulations affecting agriculture.
- Competition from other agricultural REITs and private investors.
What Are the Growth Opportunities for FPI?
- Expansion through Acquisitions: FPI can grow by acquiring additional high-quality farmland in strategic locations. The market for farmland is vast, with billions of dollars in transactions occurring annually. By identifying undervalued properties and leveraging its expertise in agricultural real estate, FPI can increase its asset base and generate higher rental income. Timeline: Ongoing.
- Increased Rental Rates: As demand for farmland increases, FPI can negotiate higher rental rates with its tenants. This organic growth strategy can significantly boost revenue without requiring additional acquisitions. The company's focus on high-quality farmland ensures that it can command premium rental rates. Timeline: Ongoing.
- Strategic Lending: FPI can expand its lending operations by providing loans to farmers secured by farm real estate. This diversifies its revenue streams and allows it to capitalize on the growing need for agricultural financing. The company's expertise in farmland valuation and risk management provides a competitive advantage in the lending market. Timeline: Ongoing.
- Crop Diversification: FPI can further diversify its portfolio by acquiring farmland suitable for a wider range of crops. This reduces its exposure to fluctuations in the prices of specific commodities. By investing in properties that can support high-value crops, FPI can increase its revenue potential. Timeline: Ongoing.
- Operational Efficiencies: FPI can improve its profitability by implementing operational efficiencies and reducing its operating expenses. This includes streamlining its management processes, leveraging technology to improve farm management, and negotiating favorable terms with suppliers. Timeline: Ongoing.
What Opportunities Does FPI Have?
- Expansion through acquisitions of additional farmland.
- Increased rental rates due to rising demand for farmland.
- Strategic lending to farmers secured by farm real estate.
- Crop diversification to reduce exposure to commodity price volatility.
What Threats Does FPI Face?
- Deterioration of farmland quality due to environmental factors.
- Increased competition from other agricultural REITs.
- Changes in government regulations affecting agriculture.
- Economic downturn impacting farmers' profitability.
What Are FPI's Competitive Advantages?
- Diversified portfolio of farmland across multiple states and crop types.
- Internal management structure provides operational efficiencies.
- Expertise in agricultural real estate valuation and management.
- REIT structure provides tax advantages and consistent dividend income.
What Does FPI Do?
Farmland Partners Inc., established to capitalize on the growing demand for farmland, operates as an internally managed real estate investment trust (REIT). The company's primary focus is the acquisition and management of high-quality farmland across North America. Founded with the vision of providing farmers with access to essential land resources, FPI owns approximately 155,000 acres in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota, and Virginia. This diversified portfolio includes around 26 crop types and over 100 tenants, mitigating risk through geographic and agricultural diversification. FPI generates revenue through leasing farmland to farmers and providing loans secured by farm real estate. The company elected to be taxed as a REIT commencing with the taxable year ended December 31, 2014, allowing it to distribute a significant portion of its taxable income to shareholders and avoid corporate income tax.
What Products and Services Does FPI Offer?
- Owns and manages a portfolio of farmland across North America.
- Acquires high-quality farmland in strategic locations.
- Leases farmland to farmers for crop production.
- Provides loans to farmers secured by farm real estate.
- Operates as a real estate investment trust (REIT).
- Distributes a significant portion of its taxable income to shareholders as dividends.
How Does FPI Make Money?
- Generates revenue through leasing farmland to farmers.
- Earns interest income from loans secured by farm real estate.
- Acquires farmland using a combination of debt and equity financing.
- Distributes taxable income to shareholders to maintain REIT status.
What Industry Does FPI Operate In?
Farmland Partners Inc. operates within the REIT - Specialty industry, which focuses on unique real estate assets like farmland. The agricultural sector is experiencing increasing demand due to population growth and limited arable land. This drives up farmland values and lease rates. Competition includes other REITs specializing in agricultural properties and private investors. FPI's diversified portfolio and internal management structure provide a competitive advantage. The REIT industry is influenced by interest rates, commodity prices, and government regulations affecting agriculture.
Who Are FPI's Key Customers?
- Farmers who lease farmland for crop production.
- Farmers who borrow money secured by farm real estate.
- Shareholders who receive dividends from the company's earnings.
ROE 7%Key Financial Metrics
Return on equity for Farmland Partners Inc. stands at 6.6%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 4.2%, showing how much profit it generates from its asset base. FPI trades at a trailing price-to-earnings ratio of 14.60, below the Real Estate sector average of ~20x. Its free cash flow yield is 4.6%, a gauge of the cash the business throws off relative to its market value. A current ratio of 6.16 indicates the company holds enough short-term assets to cover its near-term obligations. Its earnings yield is 7.2%, the inverse of the P/E and a quick read on earnings relative to price.
Farmland Partners Inc. (FPI) Valuation Context
Valued at $420.47M, FPI is classified as a small-cap stock. Relative to its peer group, FPI's quantitative score of 63/100 is roughly in line with the peer average of 55/100.
Company Profile
Farmland Partners Inc. operates in the REIT - Specialty industry within the Real Estate sector. It is headquartered in Denver, US. The company is led by CEO Luca Fabbri. FPI has traded publicly since 2014.
F-Score 7/9Financial Health
Farmland Partners Inc.'s Piotroski F-Score is 7/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 1.30 places it in the distress zone, a signal of elevated financial risk.
FY2026 estForward Outlook
Wall Street analysts project Farmland Partners Inc. revenue of about $37.8M for fiscal 2026, with EPS near $0.18.
FPI Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests those in the know see value, potentially signaling confidence in FPI's future prospects.
- The general buzz in the community is optimistic about farmland as a hedge against inflation, which could drive investor interest in FPI.
- Farmland is increasingly viewed as a strategic asset, especially with global food security concerns, positioning FPI favorably.
- Positive sentiment around agricultural commodity prices could translate to increased revenue and profitability for FPI's tenants, and subsequently, FPI itself.
Bear Case
- Some community members are concerned about the long-term impact of rising interest rates on FPI's debt and ability to acquire new farmland.
- There's worry that potential regulatory changes in the agricultural sector could create headwinds for FPI's operations.
- A segment of the community believes the current market valuation of farmland is unsustainable, potentially leading to a correction that could affect FPI.
- Negative chatter suggests some investors are hesitant due to past controversies surrounding the company, impacting overall market perception.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
FPI Latest News
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Earnings Scheduled For October 29, 2025
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FPI Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for FPI.
Price Targets
Consensus target: $13.00
FPI MoonshotScore
What does this score mean?
The MoonshotScore rates FPI's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Luca Fabbri
CEO
Luca Fabbri serves as the CEO of Farmland Partners Inc., bringing extensive experience in real estate and finance. His background includes a strong understanding of REIT operations and capital markets. Prior to joining Farmland Partners, Fabbri held leadership positions in various financial institutions, focusing on real estate investments and asset management. His expertise encompasses strategic planning, financial analysis, and investor relations.
Track Record: Under Luca Fabbri's leadership, Farmland Partners Inc. has focused on expanding its portfolio of high-quality farmland and improving operational efficiencies. Key achievements include maintaining high occupancy rates and generating consistent dividend income for shareholders. Fabbri has also overseen strategic acquisitions and implemented initiatives to enhance the company's competitive position in the agricultural real estate market.
What Investors Ask About Farmland Partners Inc. (FPI) — Real Estate
What does Farmland Partners Inc. do?
Farmland Partners Inc. (FPI) is a real estate investment trust (REIT) specializing in the ownership and management of high-quality farmland across North America. The company's primary business involves acquiring farmland, leasing it to farmers for crop production, and providing loans secured by farm real estate. FPI operates with a diversified portfolio of approximately 155,000 acres in 16 states, cultivating around 26 crop types. The REIT structure allows FPI to distribute a significant portion of its taxable income to shareholders as dividends, making it a noteworthy option for income-seeking investors.
What do analysts say about FPI stock?
Analyst coverage of Farmland Partners Inc. typically focuses on the company's ability to generate consistent rental income and manage its operating expenses effectively. Key valuation metrics include the price-to-earnings (P/E) ratio, dividend yield, and net asset value (NAV). Growth considerations include the company's ability to acquire additional farmland, increase rental rates, and expand its lending operations. Analysts also monitor the impact of commodity prices and interest rates on FPI's financial performance. The consensus view is generally neutral, emphasizing the importance of long-term growth and sustainable dividend income.
What are the main risks for FPI?
Farmland Partners Inc. faces several risks inherent in the agricultural real estate sector. Fluctuations in commodity prices can impact farmers' profitability and their ability to pay rent. Interest rate changes can affect loan demand and property values. Environmental factors, such as droughts and soil degradation, can negatively impact farmland quality. Changes in government regulations affecting agriculture can also pose a risk. Additionally, FPI faces competition from other agricultural REITs and private investors, which could limit its ability to acquire additional farmland and increase rental rates.
What are the key factors to evaluate for FPI?
Farmland Partners Inc. (FPI) holds an AI score of 63/100 (moderate). P/E: 14.6x vs the S&P 500's ~20-25x. Analysts target $13.00 (+35%). Not financial advice.
How frequently does FPI data refresh on this page?
FPI prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven FPI's recent stock price performance?
Farmland Partners Inc. (FPI) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Diversified portfolio of farmland across multiple states. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider FPI overvalued or undervalued right now?
Farmland Partners Inc. (FPI) trades at 14.6x earnings. Analysts target $13.00 (+35%) — upside seen. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying FPI?
Before investing in Farmland Partners Inc. (FPI), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Information is based on publicly available sources and may be subject to change.
- Financial data is as of the latest available reporting period.