# Farmland Partners Inc. (FPI) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Real Estate / Equity Real Estate Investment Trusts (REITs). Price $10.65, market value $468 million.

## Valuation
- **P/E (trailing): 20.9×** (5-yr avg 27.1×, 3-yr avg 15.2×). Farmland Partners Inc. trades at 20.9× trailing earnings, well below its own five-year average of 27.1×: cheap by its own standards. The Real Estate median in the September 2026 study was 25.2×. Forward P/E is 44.4×, higher than trailing, so analysts expect earnings to fall.
- **Price / sales: 9.1×**. Each dollar of revenue is priced at 9.1×.
- **Price / book: 1.0×**. The shares trade at 1.0× book value; book value is a meaningful part of the valuation.
- **Earnings yield: 4.8%**. The inverse of the P/E: 4.8% of the price is earned each year.

## Profitability
- **Net margin: 60.5%**. 60.5% of each dollar of sales reaches the bottom line.
- **Return on equity: 6.7%**. 6.7% on shareholders' equity is weak; the business earns little on the capital its owners have in it.
- **Return on assets: 3.6%**. Each dollar of assets produces 3.6% of profit.

## Growth
- **Revenue growth (1 yr): -10.4%** (3-yr -5.2%/yr, 5-yr 0.6%/yr). Revenue fell 10.4% over the last year, against 0.6% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -42.5%** (3-yr 56.2%/yr). Earnings per share fell 42.5%, slower than revenue, so margins compressed.

## Financial health
- **Debt to equity: 0.35**. Debt is 0.35 times equity: a conservative balance sheet.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend yield: 3.38%** ($0.30 per share, trailing). Farmland Partners Inc. yields 3.38%, a modest yield more typical of a growth-oriented payer.
- **Payout ratio: 202%**. The dividend exceeds earnings (202% payout), which is rarely sustainable outside REITs and one-off years.
- **Dividend growth (5 yr): 17.1%/yr** (1-yr -66.9%). The dividend has compounded at 17.1% a year over five years, doubling roughly every 4 years at that pace.

## Analyst view
- **Analyst consensus: hold** (1 analyst). 1 analysts cover Farmland Partners Inc.; the consensus is hold, with an average price target of $10.50 (-1% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 4.1%** (YTD 12.5%, 3-mo 4.1%). The shares are up 4.1% over twelve months including dividends.
- **From 52-week high: -19.5%** (15.6% above the low). Trading 19% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 70**. An RSI of 70 is neutral.
- **Beta (1 yr): 0.39** (volatility 22%). Beta of 0.39 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=FPI · Page: https://foliofundamentals.com/stocks/fpi

Not investment advice.