FPI

Farmland Partners Inc. Real Estate Real Estate Investment Trusts Russell 3000
$8.43Close $363.3MMarket cap $8.43 – $12.8252-week range Late-januaryNext report · estimated

Highlights

Cautions

  • Not in an uptrend 1 of 8 trend conditions
  • Lagging the market RS 18 · weaker than 82% of stocks over 12 months
  • Far from its high 34% below its 52-week high
  • Earnings shrinking EPS −3315% year on year

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Dec 31, 2025 · filed Oct 29, 2026
Off 12-month high 34%
1wk down 17.8% price change
1mo down 25.1% price change
12-month return down 15% market up 11% · its own down 24%
F-score — — Not assessed
Altman Z — Unknown
P/E 11.5× price / earnings
PEG — P/E / EPS growth
P/B 0.8× price / book
Earnings yield up 6.2% EBIT / enterprise value
Cheaper than — of the market · not assessed
Revenue growth down 10% year on year
EPS growth down 3315% latest quarter · -3266 pts
Sales growth down 13% latest quarter · -7 pts
ROE up 7% return on equity
Free cash margin up 33% $17.4M FCF
D/E 0.35 long-term debt / equity
Net debt / EBITDA 4.2×
Interest cover —EBIT / interest
Piotroski tests

Repair signals

  • Long-term debt down 21% ($0.2B → $0.2B)

Trade setup

ATR% 4.4% $0.37 a day · 2×ATR $7.69
RS 18 / 99 vs the universe
Trend 1 / 8 trend template
Relative volume 2.6× vs 50-day average
Up/down volume 0.82 50 sessions
Implied move — no scheduled report
Trend template · 1 of 8
  • 200-day average rising for a month: passes

Screen verdict

Did not qualify for any screen.

Warning signs

3 flagged
  • Heavily indebted Net debt is 4.2 times EBITDA — roughly 4 years of earnings before interest, tax and depreciation to repay borrowings in full.
  • Profit not backed by cash Reported profit of $31.5M came with $17.4M of operating cash flow. Profit that cash does not follow is the classic signature of aggressive accounting.
  • Revenue shrinking Revenue fell 10.4% over the year, from $58.2M to $52.2M.
Last reported Oct 28, 2026
Last shock Oct 29, 2026-13% in one session4.0× volumeon results-4% since

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $52.2M -10% on FY2024
$0 $100M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $50.7M FY2021 · $51.7M FY2022 · $61.2M FY2023 · $57.5M FY2024 · $58.2M FY2025 · $52.2M
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology $31.5M -47% on FY2024
$0 $100M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $7.1M FY2021 · $10.0M FY2022 · $11.7M FY2023 · $30.9M FY2024 · $59.9M FY2025 · $31.5M
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology $17.4M +8% on FY2024
$0 $20M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $19.7M FY2021 · $7.9M FY2022 · $17.1M FY2023 · $12.9M FY2024 · $16.1M FY2025 · $17.4M
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Net 60%
  • Free cash 33%
0% 200% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Net 14% · Free cash 39% FY2021 · Net 19% · Free cash 15% FY2022 · Net 19% · Free cash 28% FY2023 · Net 54% · Free cash 22% FY2024 · Net 103% · Free cash 28% FY2025 · Net 60% · Free cash 33%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology $152.3M net debt
  • Cash
  • Long-term debt
$0 $1B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $27.2M · Long-term debt $508.2M FY2021 · Cash $30.2M · Long-term debt $513.4M FY2022 · Cash $7.7M · Long-term debt $439.5M FY2023 · Cash $5.5M · Long-term debt $363.1M FY2024 · Cash $78.4M · Long-term debt $204.6M FY2025 · Cash $9.3M · Long-term debt $161.6M
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 43.09m +41.0% since FY2020
54.32m 30.57m FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 30.57m FY2021 · 45.47m FY2022 · 54.32m FY2023 · 48m FY2024 · 45.93m FY2025 · 43.09m
  FY2020Dec 31, 2020 FY2021Dec 31, 2021 FY2022Dec 31, 2022 FY2023Dec 31, 2023 FY2024Dec 31, 2024 FY2025Dec 31, 2025
Revenue $50.7M $51.7M $61.2M $57.5M $58.2M $52.2M
Operating income $22.3M $16.8M $25.0M — — —
Net income $7.1M $10.0M $11.7M $30.9M $59.9M $31.5M
Net margin 14% 19% 19% 54% 103% 60%
Earnings per share $0.24 $0.29 $0.23 $0.53 $1.07 $0.62
Free cash flow $19.7M $7.9M $17.1M $12.9M $16.1M $17.4M
Free cash margin 39% 15% 28% 22% 28% 33%
Cash $27.2M $30.2M $7.7M $5.5M $78.4M $9.3M
Long-term debt $508.2M $513.4M $439.5M $363.1M $204.6M $161.6M
Shareholders' equity $305.9M $472.1M $594.0M $528.8M $494.6M $467.4M
Shares outstanding 30.57m 45.47m 54.32m 48m 45.93m 43.09m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Oct 29, 2026 Quarterly ↗ Sep 30, 2026 29d
Jul 30, 2026 Quarterly ↗ Jun 30, 2026 30d
Apr 30, 2026 Quarterly ↗ Mar 31, 2026 30d
Feb 19, 2026 Annual ↗ Dec 31, 2025 50d
Oct 30, 2025 Quarterly ↗ Sep 30, 2025 30d
Jul 24, 2025 Quarterly ↗ Jun 30, 2025 24d
May 8, 2025 Quarterly ↗ Mar 31, 2025 38d
Feb 20, 2025 Annual ↗ Dec 31, 2024 51d
Oct 31, 2024 Quarterly ↗ Sep 30, 2024 31d
Jul 25, 2024 Quarterly ↗ Jun 30, 2024 25d
May 1, 2024 Quarterly ↗ Mar 31, 2024 31d
Feb 29, 2024 Annual ↗ Dec 31, 2023 60d

Current reports

FiledDisclosed
Oct 28, 2026 Results ↗
Jul 29, 2026 Results ↗
Apr 30, 2026 Shareholder vote ↗
Apr 29, 2026 Results ↗
Feb 18, 2026 Results ↗
Oct 29, 2025 Results ↗
Jul 23, 2025 Results ↗
May 7, 2025 Results ↗
May 7, 2025 Shareholder vote ↗
Feb 28, 2025 Auditor change ↗
Feb 19, 2025 Results ↗
Oct 30, 2024 Results ↗