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Farmland Partners Inc. (FPI)

Real Estate | REIT - Specialty | Denver, United States | NYSE
9.72 USD +0.06 (0.621%) ⇧ (July 15, 2026, 11:17 a.m. EDT)
Short-term:★★☆☆☆Long-term:★⯪☆☆☆Dividends:★★⯪☆☆
Hot Take ↕ | July 11, 2026, 4:13 a.m. EDT

The investment case for Farmland Partners is currently broken by a severe structural decline. While the company boasts a fortress-like profit margin of nearly 58% and a low book value discount, these strengths are being overwhelmed by a relentless multi-year price collapse. The stock has suffered three consecutive years of negative annual returns, dragging the nine-year trajectory down nearly 5%. This persistent underperformance suggests the market views the business fundamentals as deteriorating or insufficient to justify the current valuation, regardless of the attractive yield. The options market confirms this pessimism, with traders aggressively buying deep out-of-the-money puts while offering almost no call exposure, pricing in a continued struggle to recover. Until the price trajectory stabilizes and turns positive, the high yield acts more as a compensation for capital loss than a reliable income stream.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
MSTL ✓0.041110
AutoETS0.049702
AutoTheta0.055929
AutoARIMA0.056090

Forecast horizon: 45 days | Selected: MSTL

Forecast Reliability
Score 46%
H-stat 28.07
Ljung-Box p 0.000
Jarque-Bera p 0.103
Excess Kurtosis -1.56
Attribute Value
Sector Real Estate
Ex Dividend Date 2026-06-30
Last Dividend Date 2026-06-30
Debt to Equity Ratio 50.034
Revenue per Share 1.184
Market Cap 431,239,616
Trailing P/E 16.47
Forward P/E 48.60
Beta 0.69
Profit Margins 58.41%
Website https://www.farmlandpartners.com

As of July 11, 2026, 4:13 a.m. EDT: Speculators are heavily positioning for downside protection, evidenced by massive open interest in out-of-the-money puts (strikes 7.5 and 9.8) compared to negligible call volume. The implied volatility skew is extreme, with deep puts trading at 10x the ATM IV, indicating a market consensus of significant downside risk rather than upside potential.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
0.93% 4.95% 7.04% 4.95%
Dividend History
Date Dividend Yield %
2026-07-01 0.090 0.931677
2026-04-01 0.090 0.800000
2026-01-02 0.060 0.620476
2025-12-23 0.200 2.044990
2025-10-01 0.060 0.554529
2025-07-01 0.060 0.524017
2025-04-01 0.060 0.538600
2025-01-02 0.060 0.510204
2024-12-23 1.150 10.231317
2024-10-01 0.060 0.589970
2024-07-01 0.060 0.532860
2024-03-28 0.060 0.540541
2023-12-29 0.060 0.480769
2023-12-28 0.210 1.622875
2023-09-29 0.060 0.584795
2023-06-30 0.060 0.491400
2023-03-31 0.060 0.560748
2022-12-29 0.060 0.483092
2022-09-29 0.060 0.482703
2022-06-30 0.060 0.434783
2022-03-31 0.050 0.363636
2021-12-31 0.050 0.418410
2021-09-30 0.050 0.417014
2021-06-30 0.050 0.414938
2021-03-31 0.050 0.446030
2020-12-30 0.050 0.584112
2020-09-30 0.050 0.750751
2020-06-30 0.050 0.729927
2020-03-31 0.050 0.823723
2019-12-30 0.050 0.739645
2019-09-30 0.050 0.748503
2019-06-28 0.050 0.709220
2019-03-29 0.050 0.781250
2018-12-28 0.050 1.111111
2018-09-28 0.050 0.746269
2018-06-29 0.128 1.454545
2018-03-29 0.128 1.532934
2017-12-29 0.128 1.474654
2017-09-29 0.128 1.415929
2017-06-28 0.128 1.443067
2017-03-29 0.128 1.170018
2016-12-28 0.128 1.135759
2016-09-28 0.128 1.132743
2016-06-29 0.128 1.151079
2016-03-30 0.128 1.191806
2015-12-30 0.128 1.188486
2015-09-29 0.128 1.281281
2015-06-29 0.128 1.066667
2015-03-30 0.116 1.010453
2014-12-30 0.116 1.106870
2014-09-29 0.105 0.954545
2014-06-27 0.105 0.840000
Additional Data
dividendRate 0.36
dividendYield 3.73
exDividendDate 2026-07-01
trailingAnnualDividendRate 0.27
trailingAnnualDividendYield 0.027950313
lastDividendValue 0.09
lastDividendDate 2026-07-01
dividendDate 2026-07-15

Info Dump

Attribute Value
52 Week Change -0.13826942
Address1 4,600 South Syracuse Street
Address2 Suite 1450
All Time High 16.43
All Time Low 4.45
Ask 9.76
Ask Size 300
Audit Risk 9
Average Daily Volume10 Day 430,270
Average Daily Volume3 Month 392,275
Average Volume 392,275
Average Volume10Days 430,270
Beta 0.69
Bid 9.75
Bid Size 500
Board Risk 9
Book Value 10.616
City Denver
Compensation As Of Epoch Date 1,767,139,200
Compensation Risk 5
Country United States
Crypto Tradeable 0
Currency USD
Current Price 9.72
Current Ratio 1.929
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 9.81
Day Low 9.705
Debt To Equity 50.034
Display Name Farmland Partners
Dividend Date 1,784,073,600
Dividend Rate 0.36
Dividend Yield 3.73
Earnings Call Timestamp End 1,777,561,200
Earnings Call Timestamp Start 1,777,561,200
Earnings Growth -0.663
Earnings Quarterly Growth -0.686
Earnings Timestamp 1,777,492,800
Earnings Timestamp End 1,784,750,400
Earnings Timestamp Start 1,784,750,400
Ebitda 26,270,000
Ebitda Margins 0.50898
Enterprise To Ebitda 24.218
Enterprise To Revenue 12.327
Enterprise Value 636,218,816
Eps Forward 0.2
Eps Trailing Twelve Months 0.59
Esg Populated 0
Ex Dividend Date 1,782,864,000
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 720 398 3238
Fifty Day Average 10.0852
Fifty Day Average Change -0.36520004
Fifty Day Average Change Percent -0.036211483
Fifty Two Week Change Percent -13.826942
Fifty Two Week High 13.225
Fifty Two Week High Change -3.505
Fifty Two Week High Change Percent -0.26502836
Fifty Two Week Low 9.365
Fifty Two Week Low Change 0.3550005
Fifty Two Week Low Change Percent 0.037907153
Fifty Two Week Range 9.365 - 13.225
Financial Currency USD
First Trade Date Milliseconds 1,397,223,000,000
Five Year Avg Dividend Yield 1.99
Float Shares 39,848,438
Forward Eps 0.2
Forward P E 48.600002
Free Cashflow 3,860,375
Full Exchange Name NYSE
Full Time Employees 11
Gmt Off Set Milliseconds -14,400,000
Governance Epoch Date 1,782,864,000
Gross Margins 0.81367
Gross Profits 41,996,000
Has Pre Post Market Data 1
Held Percent Insiders 0.07909
Held Percent Institutions 0.54529
Implied Shares Outstanding 44,366,214
Industry REIT - Specialty
Industry Disp REIT - Specialty
Industry Key reit-specialty
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,782,864,000
Last Dividend Value 0.09
Last Fiscal Year End 1,767,139,200
Long Business Summary 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 third-party farmers (both tenant and non-tenant) and landowners secured by farm real estate and/or other agricultural related assets. As of March 31, 2026, the Company owned approximately 70,400 acres of farmland in 11 states, including Arkansas, California, Colorado, Illinois, Indiana, Louisiana, Missouri, Nebraska, South Carolina, Texas, and West Virginia. In addition, the Company owns land and buildings for four agriculture equipment dealerships in Ohio leased to Ag Pro under the John Deere brand. 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. Farmland Partners Inc. was established on September 27, 2013 and is based in Denver, United States.
Long Name Farmland Partners Inc.
Market us_market
Market Cap 431,239,616
Market State REGULAR
Max Age 86,400
Message Board Id finmb_253997968
Most Recent Quarter 1,774,915,200
Net Income To Common 27,931,000
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 421,342,161
Number Of Analyst Opinions 2
Open 9.67
Operating Cashflow 19,304,000
Operating Margins 0.3506
Overall Risk 8
Payout Ratio 0.4576
Phone 720 452 3100
Previous Close 9.66
Price Hint 2
Price To Book 0.9155991
Price To Sales Trailing12 Months 8.355252
Profit Margins 0.58408
Quick Ratio 0.605
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change 0.06000042
Regular Market Change Percent 0.62112236
Regular Market Day High 9.81
Regular Market Day Low 9.705
Regular Market Day Range 9.705 - 9.81
Regular Market Open 9.67
Regular Market Previous Close 9.66
Regular Market Price 9.72
Regular Market Time 1,784,128,665
Regular Market Volume 102,906
Return On Assets 0.01837
Return On Equity 0.05822
Revenue Growth -0.017
Revenue Per Share 1.184
Sand P52 Week Change 0.2043345
Sector Real Estate
Sector Disp Real Estate
Sector Key real-estate
Share Holder Rights Risk 9
Shares Outstanding 43,617,201
Shares Percent Shares Out 0.0681
Shares Short 2,970,327
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 2,620,608
Short Name Farmland Partners Inc.
Short Percent Of Float 0.0838
Short Ratio 6.19
Source Interval 15
State CO
Symbol FPI
Target High Price 12.5
Target Low Price 11.5
Target Mean Price 12.0
Target Median Price 12.0
Total Cash 17,741,000
Total Cash Per Share 0.409
Total Debt 231,912,000
Total Revenue 51,613,000
Tradeable 0
Trailing Annual Dividend Rate 0.27
Trailing Annual Dividend Yield 0.027950313
Trailing Eps 0.59
Trailing P E 16.474577
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 10.6554
Two Hundred Day Average Change -0.9354
Two Hundred Day Average Change Percent -0.08778647
Type Disp Equity
Volume 102,906
Website https://www.farmlandpartners.com
Zip 80,237-2766