Farmland Partners

Farmland Partners, Inc. operates as a real estate investment trust. the firm engages in the management and acquisition of farmland and land with agricultural development potential. Its property portfolio focuses on the primary crops, such as corn, soybeans, wheat, rice and cotton and the remaining land is used to grow specialty crops, such as almond, citrus, blueberries, vegetables and edible beans. The company was founded on September 27, 2013 and is headquartered in Denver, CO.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Farmland Partners excels in 2022 but faces challenges in specialty crops

Farmland Partners navigated a successful year in 2022 with strong financial performance and rent renewals. However, challenges like increased interest costs and drought effects on specialty crops pose concerns for the company's outlook. Evaluating specialty crop strategies and mitigating volatility are key focus areas for future growth.

Farmland Partners reports robust Q1 performance amidst market challenges

Farmland Partners (FPI) showcased strong financial performance and a strategic approach to enhancing shareholder value in Q1 2023.
The company's emphasis on farmland asset value, debt reduction, and stock buybacks reflects a proactive and investor-friendly strategy.
Despite challenges like weather risks and debt priorities, Farmland Partners remains resilient and poised to capitalize on market opportunities.

Farmland Partners boosts earnings through strategic asset sales and debt reduction

Farmland Partners delivered a strong performance in Q2 2023, with increased net income and earnings per share driven by strategic asset sales and debt reduction.
The company's focus on enhancing shareholder value through stock buybacks, debt reduction, and portfolio concentration positions it well for future growth and stability.
While facing challenges such as slowing transaction volumes, Farmland Partners has opportunities to optimize its portfolio, capitalize on market conditions, and drive value creation.
Management's proactive stance and diverse buyer base signal resilience and adaptability in navigating the evolving farm economy landscape for sustained success.

Farmland Partners (FPI) reports robust Q3 performance and growth opportunities

Farmland Partners (FPI) delivered a solid performance in Q3 2023, driven by property sales, share repurchases, and lease renewal growth.
The company's strengths in debt reduction, strategic asset sales, and exposure to renewable energy demand position it well for future growth.
While facing challenges related to specific crop types and capital allocation, Farmland Partners (FPI) has opportunities to capitalize on property sales, renewable energy demand, and shareholder value enhancement.

Farmland Partners (FPI) reports robust Q4 performance and growth opportunities

Farmland Partners (FPI) showcased strong financial performance and strategic initiatives in Q4 2023, focusing on cost-cutting, asset sales, and debt reduction.
The company faces challenges such as borrowing costs, asset sale limitations, and rent variability, but opportunities exist in regional focus, cost-cutting, and rent increases.
Investors are encouraged to consider Farmland Partners (FPI) for its undervaluation, asset sale strategy, and potential for growth through stock buybacks and debt reduction.

Farmland Partners reports strong Q1 earnings, eyes acquisitions for growth

Farmland Partners Inc. delivered a strong performance in Q1 2024, emphasizing cost control and strategic adjustments. The company faces challenges in regulatory constraints and cost management but sees opportunities in acquisitions and asset sales. Overall, Farmland Partners remains focused on financial stability and growth amidst market uncertainties.

Farmland Partners (FPI) reports strong Q2 performance and strategic growth plans

Farmland Partners (FPI) had a solid Q2 performance, addressing challenges in the farm economy and West Coast markets. The company is focused on leveraging strengths like rent increases and asset sales while exploring opportunities for growth and revenue diversification.

Farmland Partners (FPI) excels in asset sales, eyes growth opportunities

Farmland Partners (FPI) showcased strong financial metrics, emphasized asset appreciation, and outlined a positive outlook for 2024. Analyst inquiries focused on revenue sources, debt management, and growth strategies, reflecting investor interest in the company's performance and future prospects.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Farmland Partners, Inc. is an internally managed real estate company. It engages in the business of owning and seeking to acquire high-quality farmland located in agricultural markets. The company was founded by Luca Fabbri on September 27, 2013 and is headquartered in Denver, CO.

DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today announced that Luca Fabbri has been elevated to the role of Chief Executive Officer and appointed to the Company's Board of Directors (the “Board”) as part of the senior executive succession plan that was approved by the Board and announced in November 2022. Paul Pittman, who previously served as Chief Executive Officer, will remain as Executive Chairman of the Board and as a full-time FPI employee.

Farmland Partners Enacts Senior Executive Succession Plan

Farmland Partners Inc. stock dropped strongly after issuing 2023 AFFO guidance below estimates. This was mostly driven by the increased pressure from rising rates, which I correctly highlighted in my prior article. But poor 2023 profitability in specialty crops was an added negative.

Farmland Partners: Investment Thesis Stands, Buy The Assets Not The Cashflows

Inflation is a double-edged sword for real estate investors.

Why Farmland Partners Stock Dropped 15.5% This Past Week

American Tower

JPMorgan BetaBuilders MSCI US REIT ETF

BrightSpire Capital

Centerspace REIT

CubeSmart

DiamondRock Hospitality

Direxion Daily Real Estate Bull 3x Shares

Direxion Daily Real Estate Bear 3x Shares

Essex Property Trust

Extra Space Storage

Franklin BSP Realty Trust Inc

Fidelity MSCI Real Estate ETF

First Trust S&P REIT Index Fund

Gaming and Leisure Properties

Gladstone Commercial

iShares Cohen & Steers REIT ETF

Indus Realty Trust Inc

iShares U.S. Real Estate ETF

Nuveen Real Estate Income Fund

Invesco KBW Premium Yield Equity REIT ETF

Lamar Advertising

Gladstone Land

Life Storage

MFA Financial

U.S. equity markets posted their worst week of the year as benchmark interest rates jumped to three-month highs on data showing a surprising reacceleration in inflation and economic activity in January. Declining for a third straight week - a skid that follows a stretch of four-of-five weekly gains to start the year - the S&P 500 dipped 2.7% while the Nasdaq declined over 3%.

Inflation Remains A Problem

We revisit Farmland Partners after an 18-month hiatus. The stock took a drubbing on Q4-2022 earnings results.

Farmland Partners: Approaching A Buy Point

Farmland Partners recently reported Q4 results. FPI stock plunged over 14% in the wake of the earnings release.

Farmland Partners Q4 Earnings: Is The Stock Worth Buying The Dip?

Farmland Partners Inc. (FPI) Q4 2022 Earnings Conference Call February 23, 2023 11:00 AM ET Corporate Participants Christine Garrison - General Counsel & Secretary Paul Pittman - Executive Chairman & Chief Executive Officer Luca Fabbri - President James Gilligan - Chief Financial Officer Conference Call Participants Dave Rodgers - Baird Craig Kucera - B. Riley Securities Operator Welcome to the Farmland Partners Inc., Q4 2022 Earnings Call.

Farmland Partners Inc. (FPI) Q4 2022 Earnings Call Transcript

Farmland Partners (FPI) delivered FFO and revenue surprises of -5.26% and 0.37%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Farmland Partners (FPI) Misses Q4 FFO and Revenue Estimates

DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (“FPI” or the “Company”) today reported financial results for the quarter and year ended December 31, 2022. Selected Fiscal Year 2022 Highlights During the year ended December 31, 2022, the Company: recorded net income of $12.0 million, or $0.16 per share available to common stockholders, compared to $10.3 million, or ($0.17) per share available to common stockholders, for the same period in 2021; recorded AFFO of $15.8 million, or $0.

Farmland Partners Inc. Reports Fourth Quarter and Full Year 2022 Results

DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company”) today announced it will release its financial results for the fourth quarter and fiscal year ended December 31, 2022, after 5 p.m. (Eastern Time) on Wednesday, February 22, 2023, and will host a conference call the following day, Thursday, February 23, 2023, at 11:00 a.m. (Eastern Time) to discuss the financial results and provide a company update.

Farmland Partners Inc. Announces Date for Fourth Quarter and Fiscal Year 2022 Earnings Release and Conference Call

DENVER--( BUSINESS WIRE )--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today announced that it purchased 291 acres of farmland in Schuyler County, Illinois, for $2.16 million. FPI won the property during an auction held November 29.

Farmland Partners Acquires Illinois Farmland

Farmland Partners (FPI) was one of the few REITs to post gains in share price in 2022. The company's share price is disconnected from its revenue, dividend yield, and balance sheet.

Farmland Partners: Grossly Overvalued

Farmland Partners' shares have rallied up to significant resistance on the technical chart. Higher rents and lower costs lead to an earnings beat in Q3.

Farmland Partners: Assessing If A Breakout Is At Hand

Lennar

LGI Homes

Mid-America Apartment Communities

UMH Properties

The best real estate stocks have the potential to grow over the long term while continuing to offer the security of real property.

Best Real Estate Stocks

CBL & Associates Properties

Easterly Government Properties

Sotherly Hotels

The most oversold stocks in the real estate sector presents an opportunity to buy into undervalued companies.

Most Affordable Stocks In The Real Estate Sector: Uniti Group, CBL & Associates Properties And More

DENVER--( BUSINESS WIRE )--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today announced that it has joined Field to Market: The Alliance for Sustainable Agriculture™ as an associate member.

Farmland Partners Joins Agriculture Sustainability Organization

Iron Mountain

These stocks have what it takes to keep soaring in 2023 while paying great dividends to boot.

2 Unstoppable REIT Stocks to Buy In 2023

Healthpeak Properties Inc

Highwoods Properties

National Storage Affiliates Trust

Realty Income Corp

Starwood Property

Rising rates have hit the real estate investment trust sector particularly hard over the past year. Several leading advisors and contributors to MoneyShow.com, however, have taken a contrary view on the REIT space and see long-term value for investors seeking both growth and income.

Property Picks: Top REITs For Growth And Income

DENVER--( BUSINESS WIRE )--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today announced that it purchased a Texas farm for $12.1 million. The acquisition represents FPI's first farmland transaction in the state since selling property there in 2020.

Farmland Partners Re-enters Texas Farmland Market, Purchases 3,843 Acres

DENVER--( BUSINESS WIRE )--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) acquired, on November 18, four Ohio properties that house agricultural equipment dealerships for $17.2 million. The dealerships are operated by Ag-Pro, North America's largest John Deere dealer.

FPI Purchases Real Estate Leased to Large Ag Equipment Dealer

Tanger Factory Outlet Centers

This past week, I met up with a great guy who's an advisor for high-net-worth individuals. While we talked, he told me about a client of his who had just passed away.

Life Isn't Predictable, So Plan Accordingly

DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company” or “FPI”) today announced that its Board of Directors has approved a senior executive succession plan pursuant to which the Company's President Luca Fabbri will become Chief Executive Officer, effective following the filing of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2022, which is expected to occur in late February 2023.

Farmland Partners Announces Senior Executive Succession Plan

This farmland REIT is up 16% this year, while the broader market is down 19%.

1 Big Reason This Under-the-Radar Stock is Outperforming the S&P

Q3 results show good operating progress. Higher interest rates continue to haunt FPI's investment case.

Farmland Partners: Higher Rates Continue To Pressure The Investment Case

Farmland Partners' 3rd quarter represents yet another positive acceleration in fundamentals. It will unlock accretive equity issuance and a new pathway of AFFO growth.

News for Farmland Partners Stock (FPI)