Stocks · Real Estate · REIT - Specialty
Farmland Partners Inc. FPI
$11.24 -2.18% Close, Oct 2, 2026 · NYSE · Market cap $490.4M
Next earnings report: Nov 4, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- The diluted share count fell 20.0% in a year, mainly through buybacks.
- Diluted EPS over the last four quarters was $0.54, down 55.9% year over year.
- Earnings beat analyst estimates in each of the last 8 quarters (average surprise over the last four: +100.0%).
PromtFinance scores
Each score is a percentile within the Real Estate sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth24Very weak
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 17%
- EPS growth (TTM, YoY)Bottom 20%
- FCF growth (TTM, YoY)Top 27%
- Revenue growth, 3-year CAGRBottom 11%
- Revenue growth accelerationTop 33%
Quality75Positive
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 10%
- Gross marginTop 10%
- Operating marginTop 18%
- Cash conversion (OCF / net income)Bottom 20%
- Accruals (lower is better)Bottom 12%
- Net debt / EBITDA (lower is better)Top 44%
- Interest coverTop 25%
Value32Weak
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 32%
- Free-cash-flow yieldBottom 36%
- EBITDA / enterprise valueBottom 40%
- Sales / enterprise valueBottom 23%
- P/E vs own 5-year history (lower is better)Bottom 47%
Momentum68Positive
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 40%
- 6-month returnTop 50%
- 1-year return vs S&P 500Top 30%
- Distance from 52-week highTop 25%
- Trend checklist (0–4)Top 8%
Revisions97Exceptional
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 6%
- Consecutive EPS beatsTop 4%
- Share of analysts rating BuyBottom 38%
- Upside to consensus price targetTop 16%
Stability76Positive
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 26%
- Maximum drawdown, 3 yearsTop 28%
- Beta vs S&P 500 (lower is better)Top 30%
- Net debt / EBITDA (lower is better)Top 44%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -4.7% | -3.2% | ↑ |
| EPS growth (YoY) | -40.6% | -55.9% | ↓ |
| Gross margin | 79.0% | 82.6% | ↑ |
| Operating margin | 43.0% | 49.2% | ↑ |
| FCF margin | 26.4% | 33.4% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -3.2% | -4.7% | ↑ | Bottom 17% |
| EPS growth (TTM, YoY) | -55.9% | -40.6% | ↓ | Bottom 20% |
| Gross margin | 82.6% | 79.0% | ↑ | Top 10% |
| Operating margin | 49.2% | 43.0% | ↑ | Top 18% |
| Net margin | 48.2% | 127.6% | ↓ | — |
| Free-cash-flow margin | 33.4% | 26.4% | ↑ | — |
| Return on invested capital | 27.9% | — | Top 10% | |
| Revenue growth, 3-year CAGR | -5.2% | — | Bottom 11% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 0.72×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- 1.0%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 3.8%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +26.0 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 5.31×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 2.5×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 4.15%
- Net buyback yield (TTM)
- 2.77%
- Shareholder yield
- 6.92%
- Share count change, 1 year
- -20.0%
- Share count change, 3-year CAGR
- -9.8%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 30, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 8
- Beats in the last 8 reports
- 8 of 8
- Average EPS surprise, last 4
- +100.0%
- Average 2-day reaction, last 8
- -0.8%
- Positive 20 days after report
- 3 of 8
Analysts
- Consensus price target
- $17.00
- Target vs current price
- +51.2%
- Analysts with a rating
- 15
- Share rating Buy or Strong Buy
- 40%
- Consensus rating
- Hold
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 29, 2026 | +366.7% | -0.3% | +2.1% | +7.5% | — |
| Apr 29, 2026 | +25.0% | -0.5% | -8.4% | -9.4% | -16.8% |
| Feb 18, 2026 | +19.0% | -2.0% | +5.9% | -0.3% | -12.8% |
| Oct 29, 2025 | +16.7% | -1.8% | -3.9% | -6.1% | +6.5% |
| Jul 23, 2025 | +250.0% | +0.5% | -5.5% | -4.0% | -9.2% |
| May 7, 2025 | +649.6% | -1.9% | +1.9% | +11.9% | +3.9% |
| Feb 19, 2025 | +90.0% | -0.9% | -0.3% | -5.9% | -12.4% |
| Oct 30, 2024 | +200.0% | +0.4% | +12.5% | +15.0% | +6.0% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 29, 2026 | $0.07 | $0.02 | +366.7% | $5.7M |
| Apr 29, 2026 | $0.05 | $0.04 | +25.0% | $6.3M |
| Feb 18, 2026 | $0.25 | $0.21 | +19.0% | $16.9M |
| Oct 29, 2025 | $0.07 | $0.06 | +16.7% | $6.0M |
| Jul 23, 2025 | $0.14 | $0.04 | +250.0% | $6.0M |
| May 7, 2025 | $0.05 | $0.01 | +649.6% | $7.0M |
| Feb 19, 2025 | $0.19 | $0.10 | +90.0% | $17.6M |
| Oct 30, 2024 | $0.03 | $0.01 | +200.0% | $9.8M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 20.9× | 35.0× | 37th | Top 32% |
| P/E (forward) | 47.8× | — | — | — |
| EV / EBITDA | 17.5× | — | — | Bottom 40% |
| EV / Sales | 13.20× | — | — | Bottom 23% |
| Free-cash-flow yield | 3.63% | — | — | Bottom 36% |
| Earnings yield | 4.79% | — | — | Top 32% |
P/E over the past five years
Range 8.6× – 347.8× since Dec 31, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +3.9%
- Earnings per share growth (TTM)
- -55.9%
- Change in P/E multiple
- +88.7%
Most of the move came from earnings growth.
Technical state
Trend checklist
- ✓ Price above 20-day average
- ✓ Price above 50-day average
- ✓ Price above 200-day average
- ✗ 50-day average above 200-day
- ✓ MACD histogram positive
Trend quality
- Days above the 50-day average
- 36
- Days above the 200-day average
- 20
- 50-day average slope (20 days)
- +5.0%
- 200-day average slope (20 days)
- +1.0%
- Distance from 50-day average
- +8.9%
- Distance from 200-day average
- +5.1%
- RSI (14)
- 63.4
- Relative volume
- 2.46×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 19.2%
- Volatility vs own 5-year history
- 6th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.43
- Correlation with S&P 500
- 0.27
- Current drawdown from 1-year high
- -13.8%
- Maximum drawdown, 3 years
- -28.3%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Apr 19, 2022 | Jul 31, 2026 | -42.6% | 1074 days | Not yet recovered |
| Mar 12, 2021 | Mar 29, 2021 | -27.6% | 11 days | 261 days (Apr 8, 2022) |
| Jan 25, 2021 | Jan 28, 2021 | -13.4% | 3 days | 18 days (Feb 24, 2021) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $490.4M
- P/E (TTM)
- 20.9
- EPS, diluted (TTM)
- $0.54
- Revenue (TTM)
- $53.3M
- Dividend yield
- 4.72%
- 52-week range
- $9.21 – $13.23
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $51.7M | $61.2M | $57.5M | $58.2M | $52.2M |
| Gross profit | $42.9M | $47.1M | $44.1M | $46.9M | $33.6M |
| Operating income | $16.8M | $25.0M | $23.9M | $25.5M | $23.1M |
| Net income | $10.0M | $11.7M | $30.9M | $59.9M | $31.5M |
| EPS (diluted) | -$0.17 | $0.16 | $0.48 | $1.06 | $0.62 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $13.3M | $21.5M | $10.3M | $10.0M | $11.3M | $22.5M | $10.1M | $9.4M |
| Net income | $1.8M | $58.7M | $2.0M | $7.6M | $483,000 | $21.4M | $640,000 | $3.1M |
| EPS (diluted) | $0.02 | $1.03 | $0.03 | $0.14 | -$0.00 | $0.46 | $0.01 | $0.07 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $7.9M | $17.1M | $12.9M | $16.1M | $17.4M |
| Capital expenditure | $0 | -$4.2M | $0 | $0 | $0 |
| Free cash flow | $7.9M | $12.8M | $12.9M | $16.1M | $17.4M |
| Dividends paid | -$6.4M | -$11.1M | -$12.3M | -$21.6M | -$63.7M |
| Net share buybacks | $27.2M | -$10.1M | -$72.5M | -$27.5M | -$38.1M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $11.4M
- Total assets
- $699.8M
- Total liabilities
- $236.7M
- Total debt
- $224.3M
- Net debt
- $212.9M
- Shareholders’ equity
- $460.0M
As of Jun 30, 2026 (filed Jul 30, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Oct 1, 2026 | $0.09 | Oct 15, 2026 |
| Jul 1, 2026 | $0.09 | Jul 15, 2026 |
| Apr 1, 2026 | $0.09 | Apr 15, 2026 |
| Jan 2, 2026 | $0.06 | Jan 15, 2026 |
| Dec 23, 2025 | $0.20 | Jan 7, 2026 |
| Oct 1, 2025 | $0.06 | Oct 15, 2025 |
| Jul 1, 2025 | $0.06 | Jul 15, 2025 |
| Apr 1, 2025 | $0.06 | Apr 15, 2025 |
Short interest
- Shares sold short
- 3,770,393
- Days to cover
- 5.84
- Change vs previous report
- +10.9%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Oct 17, 2014
- 1-for-4