Farmland Partners Inc.
Our Company Farmland Partners Inc. ( FPI ), collectively with its subsidiaries, is an internally managed real estate company that owns and seeks to acquire high-quality farmland located in agricultural markets throughout North America. FPI elected to be taxed as a real estate investment trust ( REIT ) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended (the Code ), c…
$9.84
-$0.20 (-1.99%)
Price from 2 days ago
Revenue declined 13.5% YoY. The question is whether this is cyclical or a structural shift.
Even for strong businesses, today's 19x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
18.9x earnings. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$50M
▼ -13.5% YoY
Net Income (TTM)
$26M
▼ -47.3% YoY
Op. Margin
—
ROIC
—
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
$18M
▲ +8.0% YoY
Net Debt
$214M
Cash & Equiv.
$11M
5Y CAGR: -0.2%
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SourceComputed from the 10-Q filed 24 Jul 2026, covering the period ending 30 Jun 2026, as reported to the SEC. Data last refreshed 28 Sept 2026. How this is calculated.
Price from market data, last close as of 21 Oct 2026. Fiscal year ends Dec. Sector medians are approximate S&P 500 benchmarks and update periodically.
Is Farmland Partners (FPI) overvalued?
At a P/E of 18.9, Farmland Partners (FPI)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Farmland Partners scores 68/100 on Intrinsiqq's quality scorecard (a solid business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 4.7%; see dividend safety for coverage and history. All figures are computed from SEC filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
Is Farmland Partners a high-quality business?+
Farmland Partners scores 68 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a solid business on these measures. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from SEC filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Farmland Partners (FPI) pay a dividend, and how much?+
Yes, Farmland Partners pays a regular dividend of about $0.47 per share per year (typically in quarterly installments), a yield of roughly 4.7% at the current price. That is a payout ratio of about 79.4% of earnings, so the dividend is covered, with less cushion. Farmland Partners has grown the dividend at roughly 77.9% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For FPI's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Farmland Partners a good stock to buy right now?+
That depends on valuation and quality together, not either alone. you should weigh FPI's valuation and scores 68/100 on quality (solid). It also yields about 4.7%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from SEC filings, not investment advice.
Related stocks: Real Estate Investment Trusts
Spot a number that looks wrong? Check it in FPI's SEC filings or
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Data sourced from SEC EDGAR filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.
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