FARMLAND PARTNERS INC (FPI)
Real Estate · Agricultural Real Estate / Farmland REIT · NYSE
A leading North American farmland REIT generating steady rental income and appreciation from 71,600 acres of diversified crop and specialty agriculture, with supplemental revenue from renewable energy leases and farmer financing.
What FARMLAND PARTNERS INC does
Farmland Partners Inc. (FPI) is an internally managed REIT that owns and acquires high-quality farmland across North America, with approximately 71,600 acres as of December 31, 2025, located in 11 U.S. states. The company generates revenue primarily through tenant rents (both fixed and variable lease structures), crop sales, and a loan program to farmers and landowners. FPI also owns four agricultural equipment dealerships leased under the John Deere brand, operates a taxable REIT subsidiary that provides volume purchasing services and directly farms permanent crops, and generates supplemental revenue through renewable energy (solar and wind) leases on select properties.
Themes: ["Farmland REIT / agricultural real estate","Primary crop production (corn, soybeans, wheat, rice, cotton)","Specialty crops (almonds, pistachios, citrus, avocados)","Renewable energy on agricultural land","Farmer financing / agricultural lending","Food security / global food demand"]
Fundamentals
- Price$9.48 as of 2026-07-09 close
- Market cap$416M as of 2026-07-10
- 1-year return-15.2% as of 2026-07-09 close
- P/E13.81 as of 2026-07-10
- Net margin+57.9% as of 2026-07-10
- Gross margin+81.5% as of 2026-07-10
- ROE+6.6% as of 2026-07-10
- Debt / equity0.50 as of 2026-07-10
- Revenue growth (YoY)-7.9% as of 2026-07-10
- Revenue CAGR (3y)-5.2% SEC XBRL
- Beta0.70 as of 2026-07-10
Dividend: yield +3.8%; 1-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
["Tenant credit risk and farming operational variability, particularly exposure to commodity price fluctuations affecting tenant ability to pay variable rents","Rising interest rates and debt financing risk; mortgage notes and bonds payable increased significantly to $231.8 million as of March 31, 2026","Weather and climate risks affecting crop yields and quality, which directly impact tenant revenues and rental payments on both fixed and variable leases"]
Competitors & peers
- Gladstone Land Corporation (LAND)
- Farmland Partners competitors in agricultural real estate (note: filing does not explicitly name specific named competitors; these are industry peers)
Fundamentals: Finnhub, as of 2026-07-10. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.