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Farmland Partners Inc

Farmland Partners Inc

FPI
$9.71USD↓-1.22%-0.12 today

MARKET CAP

423.5M

P/E (TTM)

10.8x

FWD P/E

44.7x

DAY RANGE

$10 – $10

52W RANGE

$9
$13

AI Summary

Stalk
Sell NowHigh

In a Stage 4 decline, FPI has decisively broken its prior support zone and is trading below all key EMAs with accelerating selling pressure and extreme oversold readings, favoring immediate downside execution – Sell Now.

  • ↑Undrawn credit capacity of ~$114 M provides liquidity buffer
  • ↑Quarterly dividend increased 50% to $0.09/share, signaling cash-flow confidence
  • ↓Q1 EPS missed by 50%; AFFO down to $2.1 M ($0.05/share)
Full analysis →

The case for & against

Bull & Bear analysis

Bearish

Farmland Partners Inc. (NYSE: FPI) operates as a real estate investment trust (REIT) focusing on the acquisition and management of farmland across North America. The company is involved in agricultural financing through its loan program, which provides a unique competitive edge in the agricultural sector. It operates in a niche market characterized by stable demand for agricultural land tied to the fundamental need for food production, making it a significant player in the agricultural investment realm.

Bull says

  • ↑Undrawn credit capacity of ~$114 M provides liquidity buffer
  • ↑Quarterly dividend increased 50% to $0.09/share, signaling cash-flow confidence
  • ↑Loan program interest income rising, diversifying revenue sources
  • ↑Selective asset dispositions (weeding out California farms) optimize portfolio value
  • ↑Farmland’s long-term value underpinned by stable food demand and inflation hedge
  • ↑Book-to-Price ~0.95 and Dividend Yield ~0.80% highlight attractive valuation

Bear says

  • ↓Q1 EPS missed by 50%; AFFO down to $2.1 M ($0.05/share)
  • ↓Total debt of $232.8 M may strain growth amid high interest rates
  • ↓Ongoing farmland sales reduce rental income and pressure revenue
  • ↓Consensus rating ‘Hold’ amid sector headwinds and negative market sentiment
  • ↓Negative profitability and revisions trends raise earnings concerns
  • ↓Rising input costs and drought risks threaten tenant cash flows

Investment themes with FPI

Buybacks↑ +0.48%

Companies repurchasing their own shares

C · JCI · WFC

Earnings Call · Q1 2025 · Mgmt. Guidance

Updated 05-28-2026bullish

Transcript signals

Bull points

  • if we get ourselves in a high inflation environment, it will be very, very powerful for farmland. You know, it's my expression. You've all heard me say before, we're essentially gold with a coupon, and that's what farmland is. And so in an inflation environment, it'll be strong.
  • This first quarter of this year was indeed very, very strong in terms of financial performance.
  • it was enough of a strong quarter to allow us to actually raise guidance by several cents for the full year.

Bear points

  • getting in a battle with one of the largest food consumers in the world, meaning China, is never good for the export market in the United States. And, you know, food is one of the things we do export quite a bit of out of the U.S.
  • we're predicting that in this calendar year on the row crop side of the portfolio, we hope to eke out very modest increases in rents. But even that will be a bit of a challenge.
  • California land values is another question I've got. Are they recovering? Because I've made relatively negative comments about California in recent conference calls. The answer is no, they unfortunately are not recovering.
Read full transcript analysis ›