Farmland Partners Inc. Common Stock (FPI)

FairStock Score: 41/100 — MIXED

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

I look for assets that are understandable, durable, and bought at a sensible price. Farmland Partners owns about 70,100 acres across 11 states and lends against farm real estate. The asset is tangible and beta is only 0.71, so the stock has been less jumpy than the market. But the reported numbers are uneven. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $9.4M and net income $3.1M, or $0.07 per diluted share; a year earlier, in fiscal Q2 2025, the quarter ended 2025-06-30, net income was $7.6M and EPS $0.14. For fiscal year 2025, the year ended 2025-12-31, revenue was $52.2M and net income $31.5M, down from fiscal year 2024, the year ended 2024-12-31, revenue of $58.2M and net income of $59.9M. That is not steady growth, despite the Lynch label of STALWART based on five-year profit growth of 34.7% and revenue growth of 0.6%. As a REIT, depreciation distorts EPS, so P/E is not the best lens. FFO and AFFO are the right measures, but they are not in the data. On the supplied FairStock calculations at the 2026-10-13 close of $10.63, price-to-book is 1.00, dividend yield 3.31%, FCF yield 4.0%, ROE 5.03%, ROCE 1.96%, D/E 0.48, Piotroski 4/9, and Altman Z 1.21. P/B around 1.00 and a modest dividend are not demanding, but low returns on capital and weak profit trend leave little margin for error. I would want evidence of stabilizing revenue, better cash generation, and FFO/AFFO disclosure before calling it a bargain.

In plain English: Farmland Partners owns farmland and lends money to farmers. The business has a solid asset base and pays a 3.31% dividend, but revenue and profits have been falling, and profitability is low. At $10.63, the stock trades at about the reported value of its net assets, so the price looks roughly fair rather than clearly cheap.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer