Farmland Partners Inc.FPI

$9.76+0.07 (+0.72%)
NYSEReal Estate24:00 UTC

Company snapshot

Market Cap
$422M
Small-cap
+236%
2016 — today
10-Year Price
-8%
2016 — today
52-Week Range
$9.40$13.04
Current $9.76· 10%

Farmland Partners Inc. functions as an internally managed real estate enterprise, primarily focused on acquiring and holding premium North American agricultural land. The company also provides secured loans to farmers, collateralized by their farm real estate. As of the most recent disclosure, its expansive portfolio includes approximately 155,000 acres distributed across 16 U.S. states, covering significant agricultural areas from Alabama to Virginia. This diversified land base supports nearly 26 different crop varieties and is utilized by over 100 distinct agricultural tenants. Farmland Partners Inc. chose to be taxed as a Real Estate Investment Trust (REIT) for U.S. federal income tax purposes, commencing with the fiscal year that ended December 31, 2014.

Valuation in context

P/E ratio
16.1
Below average
Below the 10-year average
P/B ratio
0.9
Above average
Pricier than usual over the last 10 years
EV / EBITDA
14.3
Historically cheap
Historically cheap relative to the last 10 years
Dividend Yield
4.8%
Above average
Above the 10-year average
FCF Yield
4.6%
Above average
Above the 10-year average
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