Farmland Partners, Inc | REIT Profile

Symbol: FPI
CIK: 1591670
Exchange: NYSE
Founded: 2013 (9 years)
HQ: Denver, CO, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Specialty

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See FPI on SEC.gov

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About Farmland Partners, Inc

Farmland Partners Inc. (NYSE: FPI) is a publicly traded real estate investment trust (REIT) that manages and seeks to acquire both high-quality farmland and land with excellent agricultural development potential located throughout North America. The company was founded by farmers, and its management team has hands-on farm operations experience. One of our primary goals is to align ourselves with top-quality operators in various parts of the United States in an effort to build a diverse portfolio of agricultural assets across the spectrum of crops. This diversification, combined with stable rental income generation and potential value appreciation, provides an attractive risk-adjusted return over time.


Farmland Partners, Inc Company Logo

Stock Chart

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REITMovers


REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.


Latest Price High Low Open Close Previous Close Volume Change $ Change % Market Cap PE Ratio 52W High 52W Low Ytd Change
$14.52 $14.63 $14.23 $14.24 $14.39 $14.39 242,111 $0.13 0.90% $726,974,365 N/A $16.43 $10.58 21.75%

Last update: 2022-05-19 08:33:08 PST

REITRating™ Trend


REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.

Overall REITRating Score: 4.4

Hightlights of Trading Day May 18, 2022


Open Price: $14.59
Closing Price: $14.39
Price Change: -0.2 (-1.371%)
Lowest Price: $14.24
Highest Price: $14.64
52-Week Low: $10.58
52-Week High: $16.43
52-Week Change: 12.14%
5 Day Price Change: -0.75%
1 Month Price Change: 0.97%
3 Month Price Change: 27.21%
6 Month Price Change: 15.59%
YTD Price Change: 22.53%
1 Year Price Change: 10.06%
2 Year Price Change: 136.86%
5 Year Price Change: 79.77%

Dividend of Trading Day May 18, 2022


Dividend Yield: 1.39%*
Annualized Dividend: $0.2*
Dividend Yield (TTM): 1.363%
Annualized Dividend (TTM): $0.1989
Ex-Dividend Date: 2022-03-31
Next Ex-Dividend: 2022-06-30
Dividend Frequency: Quarterly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Funds From Operations (FFO)



FFO Amount and Payout Ratio

Below are the FFO amounts, dividends, and payout ratios for the last two quarters for FPI.

Year Quarter Type Amount Dividend Paid Payout Ratio
2021 Q4 FFO $--- $--- ---%
2021 Q4 AFFO $--- $--- ---%
2021 Q3 FFO $--- $--- ---%
2021 Q3 AFFO $--- $--- ---%

REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.


Funds From Operations (FFO)

Key Stats of Trading Day May 18, 2022


Total Cash: N/A
Current Debt: N/A
Revenue: N/A
Gross Profit: N/A
Total Revenue: N/A
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): N/A
Revenue Per Share: N/A
Revenue Per Employee: N/A
Employee: 13
Debt to Equity Ratio (D/E): N/A
Profit Margin: N/A
Enterprise Value (EV): N/A
Enterprise Value to Revenue (EV/R): N/A
Price to Sales (P/S): N/A
Price to Book (P/B): N/A
Price/Earnings-to-Growth (PEG) Ratio: N/A
P/E Ratio: N/A
P/E High: N/A
P/E Low: N/A
Forward P/E Ratio: 101.16
Market Capitalization: $720,465,641
Beta: 0.59
Latest Volume: 341,593
Avg. Total Volume: 697,102
Avg. 10-Day Volume: 714,513
Avg. 30-Day Volume: 697,102
TTM EPS: N/A
Shares Outstanding: 50,067,105
Float: N/A
50-Day Moving Avg.: $14.64
200-Day Moving Avg.: $12.64

Latest REIT Community Comments on #FPI


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Properties Owned by FPI


FPI Sample Property

Sample of REIT’s Properties. Image Source - REIT’s website

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $6.25 per share you would have been able to buy 160 shares of FPI on 2021-05-19 costing $1,000.00 @ $6.25 per share you would have been able to buy 80 shares of FPI on 2021-05-19 costing $500.00 @ $6.25 per share you would have been able to buy 40 shares of FPI on 2021-05-19 costing $250.00 @ $6.25 per share you would have been able to buy 16 shares of FPI on 2021-05-19 costing $100.00 @ $6.25 per share you would have been able to buy 8 shares of FPI on 2021-05-19 costing $50.00
Current worth On 2022-05-18 these 160 shares would be worth $2,302.40 @ $14.39 On 2022-05-18 these 80 shares would be worth $1,151.20 @ $14.39 On 2022-05-18 these 40 shares would be worth $575.60 @ $14.39 On 2022-05-18 these 16 shares would be worth $230.24 @ $14.39 On 2022-05-18 these 8 shares would be worth $115.12 @ $14.39
Dividends earned $32.00 in dividends would have been earned since 2021-05-19 with 160 shares. $16 in dividends would have been earned since 2021-05-19 with 80 shares. $8.00 in dividends would have been earned since 2021-05-19 with 40 shares. $3.20 in dividends would have been earned since 2021-05-19 with 16 shares. $1.60 in dividends would have been earned since 2021-05-19 with 80 shares.
Net (gain / loss)* 1,334.40 USD 667.20 USD 333.60 USD 133.44 USD 66.72 USD
ROI** 133.44% 133.44% 133.44% 133.44% 133.44%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by FPI. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
FPI 2022-03-31 0.050 --- 2022-02-22 2022-04-01 2022-04-15
FPI 2021-12-31 0.050 --- 2021-10-27 2022-01-03 2022-01-18
FPI 2021-09-30 0.050 --- 2021-08-04 2021-10-01 2021-10-15
FPI 2021-06-30 0.050 --- 2021-05-13 2021-07-01 2021-07-15
FPI 2021-03-31 0.050 --- 2021-02-16 2021-04-01 2021-04-15
FPI 2020-12-30 0.050 --- 2020-11-09 2021-01-01 2021-01-15
FPI 2020-09-30 0.050 --- 2020-08-10 2020-10-01 2020-10-15
FPI 2020-06-30 0.050 --- 2020-05-07 2020-07-01 2020-07-15
FPI 2020-03-31 0.050 --- 2020-03-11 2020-04-01 2020-04-15
FPI 2019-12-30 0.050 --- 2019-11-11 2020-01-01 2020-01-15
FPI 2019-09-30 0.050 --- 2019-08-06 2019-10-01 2019-10-15
FPI 2019-06-28 0.050 --- 2019-05-08 2019-07-01 2019-07-15
FPI 2019-03-29 0.050 --- 2019-03-05 2019-04-01 2019-04-15
FPI 2018-12-31 0.050 --- 2018-11-05 2019-01-01 2019-01-15
FPI 2018-09-28 0.050 -60.78% 2018-08-08 2018-10-01 2018-10-15
FPI 2018-06-29 0.128 --- 2018-05-09 2018-07-02 2018-07-16
FPI 2018-03-29 0.128 --- 2018-02-20 2018-04-02 2018-04-16
FPI 2017-12-29 0.128 --- 2017-11-08 2018-01-02 2018-01-16
FPI 2017-09-29 0.128 --- 2017-07-19 2017-10-02 2017-10-13
FPI 2017-06-28 0.128 --- 2017-05-08 2017-06-30 2017-07-14

Earnings Press Releases


Below are the Earnings Press Releases for FPI. To see the complete Earnings Report please visit the sec.gov.

Year Quarter Title
2021 Q4 Farmland Partners Inc. Reports Fourth Quarter and Fiscal Year 2021 Results

Financial Statements Overview


The next Earnings Report for FPI is 2022-08-04

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2020-06-30 2020-03-31 2019-12-31 2019-09-30
Current Cash 11,598,000 14,994,000 12,561,000 8,563,000
Receivables 0 0 0 0
Inventory 2,132,000 1,619,000 1,550,000 1,196,000
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 0 0 0 0
Property, Plant & Equipment Net 163,000 198,000 73,000 104,000
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 3,900,000 4,214,000 5,165,000 3,398,000
Net Tangible Assets 421,565,000 429,652,000 437,363,000 433,040,000
Total Assets 1,087,322,000 1,102,956,000 1,102,553,000 1,097,048,000
Accounts Payable 0 0 0 0
Liabilities (Other) 17,594,000 25,196,000 14,160,000 14,178,000
Current Liabilities (Other) 1,583,000 1,593,000 1,593,000 1,599,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 48,437,000 48,532,000 48,574,000 0
Long-term Debt 462,354,000 462,949,000 462,829,000 511,497,000
Total Liabilities 528,458,000 536,677,000 525,636,000 525,675,000
Minority Interest 10,000 25,000 588,000 3,018,000
Common Stock 29,595,943 29,866,000 31,856,400 30,076,842
Retained Earnings -51,166,000 -46,752,000 -42,533,000 -47,089,000
Treasury Stock 0 0 0 0
Capital Surplus 336,058,000 337,457,000 338,387,000 338,791,000
Shareholder Equity 421,565,000 429,652,000 437,363,000 433,040,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2020-06-30 2020-03-31 2019-12-31 2019-09-30
Total Revenue 10,817,000 11,650,000 21,816,000 9,768,000
Cost of Revenue 4,567,000 4,428,000 3,839,000 4,757,000
Gross Profit 6,250,000 7,222,000 17,977,000 5,011,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 6,917,000 6,361,000 7,238,000 6,622,000
Operating Income 3,989,000 5,289,000 14,572,000 3,146,000
Income Expense Net (Other) -3,817,000 -4,870,000 -4,792,000 -4,609,000
EBIT 3,989,000 5,289,000 14,572,000 3,146,000
Interest Income 4,767,000 4,663,000 4,720,000 4,738,000
Pretax Income 172,000 419,000 9,780,000 -1,463,000
Income Tax 0 0 0 0
Minority Interest 10,000 25,000 588,000 3,018,000
Net Income 146,000 378,000 6,057,000 -4,499,000
Net Income Basic -2,942,000 -2,737,000 6,057,000 -4,499,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2020-06-30 2020-03-31 2019-12-31 2019-09-30
Net Income 146,000 378,000 6,057,000 -4,499,000
Depreciation 2,003,000 2,000,000 2,026,000 2,087,000
Changes in Receivables 0 0 0 0
Changes in Inventories -513,000 -69,000 -353,000 -488,000
Cash Change -3,396,000 2,433,000 3,998,000 -13,796,000
Cash Flow -2,885,000 12,737,000 11,017,000 -5,150,000
Capital Expenditures -541,000 -1,148,000 -1,509,000 -834,000
Investments 6,475,000 167,000 -1,404,000 -31,000
Investing Activity (Other) -3,000 -5,000 -128,000 -197,000
Total Investing Cash Flows 7,252,000 -545,000 -2,298,000 -759,000
Dividends Paid -3,708,000 -7,248,000 -3,761,000 -5,990,000
Net Borrowings -43,000 -42,000 -43,000 -42,000
Cash Flow Financing -7,763,000 -9,759,000 -4,721,000 -7,887,000
Financing Cash Flows (Other) -95,000 -95,000 -95,000 -95,000
Exchange Rate Effect 0 0 0 0

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.7
7 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.7
1 Dividend to AFFO Payout Ratio Trend: Analysis of the REIT’s Dividend to AFFO Payout Ratios trend during the last two years. 7.4
Rating AFFO & Efficiency Section Avg. Rating
2 AFFO Trend: Analysis of the REIT’s AFFO trend during the last two years. 8.5
8 Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. 6.9
7 Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. 7.5
Rating Leverage Section Avg. Rating
2 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 6.3
6 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 6.5
7 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.7
9 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
7 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.0
8 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 7.1
Rating Asset & Revenue Section Avg. Rating
5 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 7.4
5 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.6
Rating Properties Section Avg. Rating
Rating Market Cap Section Avg. Rating
4 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 4.4
4.4 Overall REITRating™ Score (See trend) 6.1

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2022-05-19 - v3.3