Loading…
← CockpitCompetitor Analysis › FPI Farmland Partners IncOpen in the cockpit ↗

Farmland Partners IncFPICompetitor analysis, valuation and peers

United States · USD·Real Estate›Real Estate Investment Trusts
Momentum weak 28
Mkt cap
$369M
US dollars, full cap
Free float
92%
of shares outstanding
$/day
$8.43M
20-day average traded
Fwd P/E
53.3×
forward earnings
ROIC−WACC
n/a
WACC 7.5%
Hurdle
n/a
no reverse DCF
Next earnings
110 days
24 Feb 2027
Close · USD$8.80
1D+0.3%
1W+4.4%
1M-16.1%
3M-9.5%
6M-16.8%
YTD-9.2%
1Y-11.2%
ATR %4.1%
Beta0.39
52w lowhigh33.5% off high

What Farmland Partners does

Employees: 12

Farmland Partners at a glance

Size Farmland Partners (FPI) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $369M, the 2922nd largest of 3,117 United States companies the cockpit tracks. Shares closed at $8.80 on 6 Nov 2026.

Performance Over six months the shares fell 16.8%, against -9.5% for the median peer and -1.1% for the United States market (cap-weighted) — 8th lowest of 20 in its peer set.

Growth Revenue fell 5.6% over the last twelve months (peer median +0.9%); the operating margin is 38.0% (peer median 48.5%).

Valuation It trades at 53.3× forward earnings against a peer median of 12.6× (2nd most expensive of 13).

Short interest Short interest is 9.0% of the free float (15 Oct 2026).

Next results Next results expected around 24 Feb 2027 (exchange calendar; dates can move).

Relative performance

809010011011 May 202611 Aug 20266 Nov 2026Peer median 90FPI 84
Six months, rebased to 100: Farmland Partners against the median of its 20 peers (local-currency closes).

Farmland Partners financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$50.0M$52.2M$58.2M$57.5M$61.2M
Revenue growth—-10%+1%-6%—
Gross profit$37.5M$37.7M$41.3M$36.6M$40.1M
EBITDA$22.7M$27.2M$31.1M$31.3M$31.9M
Net income$9.58M$31.4M$59.4M$30.8M$11.6M
Free cash flow$17.9M$16.9M$14.8M$7.11M$12.8M
Capital expenditure$624,000$544,000$1.50M$5.83M$4.25M
Total debt$239M$161M$204M$361M$437M

Quarterly statements and history in the cockpit →

Farmland Partners competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%-20%0%+20%HABASELERCOFINEAARM2972RWT180701PRV-UNILPTMRT-UNBSRT-UN2979IMDA2191XRNBRSPFPI6-month return →1-month return →
Up and to the right = strong over both horizons. Farmland Partners is the large dot.

Fundamentals: revenue growth against valuation

0%+100%+200%0×100×200×HABASELERCOFINEAARMRWTFPIRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Farmland Partners is the large dot.

Farmland Partners competitors and peer comparison

How Farmland Partners compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Farmland Partners against its 20 peers (data as of 6 Nov 2026)
MeasureFPIPeer medianRank in peer set
1-month return-16.1%-1.7%2nd lowest of 21
6-month return-16.8%-9.5%8th lowest of 20
Distance from 52-week high-33.5%-20.0%6th lowest of 21
Revenue growth (TTM)-5.6%+0.9%5th lowest of 21
Operating margin38.0%48.5%7th lowest of 21
Forward P/E53.3×12.6×2nd most expensive of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Farmland Partners FPIUnited States$369M-17%-6%38%53.3×n/an/a
Hamborner REIT HABA.DEGermany$370M-19%-4%6%248.4×n/an/a
Selectirente SELER.PAFrance$367M-7%+2%68%23.8×n/an/a
Centuria Office REIT COF.AXAustralia$375M-3%-1%67%8.0×n/an/a
Fonciere INEA INEA.PAFrance$382M-11%-1%58%14.0×n/an/a
Arima Real Estate SOCIMI ARM.MCSpain$356M-6%+210%68%13.2×n/an/a
SANKEI REAL ESTATE 2972.TJapan$383M+4%-15%56%n/an/an/a
Redwood Trust RWTUnited States$392M-44%-9%88%3.3×n/an/a
Yinhua Shaoxing Yuanshui Water Conservancy REIT 180701.SZChina$348M-8%+290%41%n/an/an/a
Nsi NSI.ASNetherlands$394M+1%-4%58%9.3×n/an/a
PRO Real Estate Investment Trust PRV-UN.TOCanada$397M+6%+8%47%12.0×n/an/a
Industrial Logistics Properties Trust ILPTUnited States$397M-27%+4%34%n/an/an/a
Morguard Real Estate Investment Trust MRT-UN.TOCanada$340M+8%-1%44%13.0×n/an/a
BSR Real Estate Investment Trust BSRT-UN.TOCanada$405M-10%-17%50%12.8×n/an/a
SOSiLA Logistics REIT,Inc 2979.TJapan$407M-28%0%37%n/an/an/a
Immobiliere Dassault IMDA.PAFrance$335M-21%+14%97%n/an/an/a
SF Real Estate Investment Trust 2191.HKHong Kong$333M+22%-7%77%12.4×n/an/a
Samty Residential Investment 3459.TJapan$411M-27%+13%29%n/an/an/a
Sustainable Energy Infra Trust SEITINVIT.NSIndia$415Mn/a+6%47%n/an/an/a
Chiron Real Estate XRNUnited States$416M-16%+4%29%n/an/an/a
BrightSpire Capital BRSPUnited States$416M-44%+2%34%5.7×n/an/a

Questions

Which companies are Farmland Partners's closest peers?
The cockpit's peer set: Hamborner REIT (HABA.DE), Selectirente (SELER.PA), Centuria Office REIT (COF.AX), Fonciere INEA (INEA.PA), Arima Real Estate SOCIMI (ARM.MC), SANKEI REAL ESTATE (2972.T), Redwood Trust (RWT), Yinhua Shaoxing Yuanshui Water Conservancy REIT (180701.SZ).
Is Farmland Partners expensive compared with its peers?
On forward p/e it trades at 53.3× against a peer median of 12.6×, 2nd most expensive of 13 in its peer set.
How has Farmland Partners stock performed?
Over six months to 6 Nov 2026 the shares returned -16.8% against -9.5% for the median peer; over one year -11.2%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.