0.09%
-0.34%
0.09%
10.36%
4.46%
2.90%
80.86%
AI Spotlight on FPI
Company Description
Farmland Partners Inc.is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate.As of the date of this release, the Company owns approximately 155,000 acres in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota and Virginia.
We have approximately 26 crop types and over 100 tenants.The Company elected to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with the taxable year ended December 31, 2014.
Market Data
| Last Price | 11.72 |
| Change Percentage | 0.09% |
| Open | 11.71 |
| Previous Close | 11.71 |
| Market Cap ( Millions) | 565 |
| Volume | 5551 |
| Year High | 12.85 |
| Year Low | 9.7 |
| M A 50 | 12.02 |
| M A 200 | 11.17 |
Financial Ratios
| FCF Yield | 1.15% |
| Dividend Yield | 11.86% |
| ROE | 3.61% |
| Debt / Equity | 68.50% |
| Net Debt / EBIDTA | 997.14% |
| Price To Book | 1.11 |
| Price Earnings Ratio | 30.38 |
| Price To FCF | 87.3 |
| Price To sales | 9.68 |
| EV / EBITDA | 26.58 |
News
- Jan -23 - The State Of REITs: January 2025 Edition
- Dec -28 - Farmland Partners: Diversification Benefits And An Improving Dividend Profile
- Dec -27 - Farmland Partners: AFFO Set To Benefit From Deleveraging In 2025
- Dec -16 - 3 Big Dividends Backed By High-Quality Assets
- Dec -15 - Fed Ahead
- Dec -13 - Farmland Partners Declares $1.15 per Share Special Dividend After Strong Year
- Dec -01 - 'Tis The Season For REIT Dividends
- Nov -11 - Aethlon Medical Reaches Key Milestone with Enrollment of the First Patient in (FPI) Its Hemopurifier® Cancer Trial in Australia
- Oct -31 - Farmland Partners, Inc. (FPI) Q3 2024 Earnings Call Transcript
- Oct -31 - Farmland Partners (FPI) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
- Oct -30 - Farmland Partners (FPI) Tops Q3 FFO and Revenue Estimates
- Oct -26 - 2 REITs That Remain Undervalued
- Oct -24 - Farmland Partners Inc. Announces Date for Third Quarter 2024 Earnings Release and Conference Call
- Oct -21 - Farmland Partners Completes $289 Million Farmland Sale
- Oct -17 - These REITs Trade At Premiums, But Should They?
- Oct -17 - Farmland Partners Massive Land Sale Demonstrates Asset Value
- Oct -08 - The More They Drop, The More I Buy
- Oct -07 - Farmland Partners: Selling A Quarter Of Their Book Confirms 50% Upside To NAV
- Oct -02 - Farmland Partners to Sell $289 Million of Farmland to Farmland Reserve, Inc.
- Sep -30 - My 3 Worst REIT Investments Ever
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Rental Income
Expected Growth : 2.5 %
What the company do ?
Rental income from Farmland Partners Inc. refers to the revenue generated from leasing farmland to farmers, providing a steady income stream.
Why we expect these perspectives ?
Rental income growth of 2.5% from Farmland Partners Inc. is driven by increasing demand for agricultural products, rising crop prices, and expansion of farmland acreage through strategic acquisitions. Additionally, the company's focus on diversifying its crop portfolio and improving operational efficiencies also contribute to the growth.
Segment n°2 -> Other
Expected Growth : 2.0 %
What the company do ?
Other from Farmland Partners Inc. refers to non-core farm operations, including recreational and conservation activities, generating additional revenue streams.
Why we expect these perspectives ?
Farmland Partners Inc.'s 2.0% growth is driven by increasing demand for agricultural products, expansion into new markets, and strategic acquisitions. Additionally, the company's focus on sustainable farming practices and diversification of crop portfolios contribute to its growth. Furthermore, government incentives for farmers and rising global food prices also support the company's growth momentum.
Segment n°3 -> Crop
Expected Growth : 1.5 %
What the company do ?
Crop from Farmland Partners Inc. refers to the agricultural produce harvested from the company's owned or leased farmlands, including row crops, permanent crops, and livestock.
Why we expect these perspectives ?
Farmland Partners Inc.'s 1.5% crop growth is driven by increasing global food demand, expansion into high-value crops, and strategic acquisitions. Additionally, the company's focus on sustainable farming practices and water conservation efforts contribute to its growth. Furthermore, the rising trend of online farm-to-table platforms and meal kits also boosts demand for high-quality crops, supporting the company's growth momentum.
Farmland Partners Inc. Products
| Product Range | What is it ? |
|---|---|
| Farm and Ranch Land | Farmland Partners Inc. owns and operates a diverse portfolio of farm and ranch land across the United States, providing a stable source of income through crop and livestock production. |
| Agricultural Infrastructure | The company provides infrastructure support to farmers, including storage facilities, irrigation systems, and other essential services. |
| Farm Management Services | Farmland Partners Inc. offers farm management services, including crop planning, budgeting, and operational oversight. |
| Sustainable Agriculture Practices | The company promotes and implements sustainable agriculture practices, such as organic farming, conservation tillage, and cover cropping. |
| Agricultural Data Analytics | Farmland Partners Inc. provides data analytics services to help farmers and agricultural businesses make data-driven decisions. |
Farmland Partners Inc.'s Porter Forces
Threat Of Substitutes
The threat of substitutes is low for Farmland Partners Inc. because the company's focus on high-quality farmland and its ability to provide a diversified portfolio of crops and livestock reduce the likelihood of substitutes.
Bargaining Power Of Customers
The bargaining power of customers is medium for Farmland Partners Inc. because while the company has a diversified customer base, some customers may have significant bargaining power due to their size and purchasing power.
Bargaining Power Of Suppliers
The bargaining power of suppliers is low for Farmland Partners Inc. because the company's scale and diversification reduce its dependence on any one supplier, giving it greater bargaining power.
Threat Of New Entrants
The threat of new entrants is high for Farmland Partners Inc. because the farmland investment market is attractive and has low barriers to entry, making it easier for new companies to enter the market.
Intensity Of Rivalry
The intensity of rivalry is medium for Farmland Partners Inc. because while there are several competitors in the farmland investment market, the company's diversified portfolio and strong brand reputation help to differentiate it from its competitors.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 41.16% |
| Debt Cost | 6.18% |
| Equity Weight | 58.84% |
| Equity Cost | 7.73% |
| WACC | 7.09% |
| Leverage | 69.95% |
Farmland Partners Inc. : Quality Control
Farmland Partners Inc. passed 0 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
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| CXW | CoreCivic, Inc. owns and operates partnership correctional, detention, and residential reentry facilities in the United States. It operates through three segments: CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. The company … |
| GOOD | Gladstone Commercial Corporation is a real estate investment trust focused on acquiring, owning, and operating net leased industrial and office properties across the United States. Including payments through September 2020, … |
| AFCG | AFC Gamma, Inc. originates, structures, underwrites, and invests in senior secured loans, and other types of loans and debt securities for established companies operating in the cannabis industry in states … |
| UNIT | Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of wireless infrastructure solutions for … |
| LANDP | Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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AFC Gamma
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Gladstone Commercial
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Gladstone Land
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Farmland Partners
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Uniti
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