Company Analysis

Farmland Partners Inc. (FPI)

NYSE: FPI · Real Estate Investment Trusts · Denver, CO · filing with the SEC since 2013
Grade4.8
◀ Past 4.8● Present 5.6▶ Future 3.5

The grade of Farmland Partners Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.8/10
◀ Past4.825% of the headline
● Present5.645% of the headline
▶ Future3.530% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

4.8/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
3.0/10

Has it survived what it has been through?

3 warning events since 2017; the latest 2025-02-28.

weight 45% of this tense · 30th percentile among 174 sector filers · read for itself

From the record

Farmland Partners Inc.'s filings since 2017 show 3 warning events: an auditor change (8-K item 4.01, 3 times, the latest 2025-02-28) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.8/10

What has it actually done, year after year?

+6% a year over 10 filed years; profitable in 10 of 10.

weight 33% of this tense · 49th percentile among 156 sector filers · read for its customers

From the record

Farmland Partners Inc.'s 10 filed years say what it did: revenue went from $31 million in fiscal 2016 to $52 million in fiscal 2025, up 6% a year; it rose in 5 of 9 years; the deepest fall was 15% from fiscal 2022 to fiscal 2025; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span6.0%bottom 47% of its family
  • the share of years revenue rosebottom 19% of its family
  • the share of filed years with a profittop 20% of its family
  • the deepest fall from a revenue peak14.8%bottom 47% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
8.3/10

How has it treated the people who own it?

Share count grew 0.2% a year. 100% of cash flow returned. Insiders: 1 sales, 4 purchases.

weight 22% of this tense · 83rd percentile among 156 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Farmland Partners Inc.'s diluted share count grew about 0.2% a year, and dividends and buybacks returned about 100% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 1 sale (1 under scheduled 10b5-1 plans) and 4 purchases of their own stock on the open market in the year to 2026-09-30, buying about $109 thousand (their Form 4 filings).

What it rests on

  • the share count over the yearstop 24% of its family
  • cash returned against operating cash flowtop 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.6/1045% of the headline grade · 3 of 3 filed

Financial health

as filed
8.4/10

Is it financially healthy right now?

ROE 7%: 7¢ of profit per shareholder dollar. Leverage 35%: owes 35¢ per asset dollar.

weight 45% of this tense · 84th percentile among 171 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Farmland Partners Inc. earned about 7 cents of profit for every dollar of shareholders' money. Leverage: it owed about 35 cents per dollar of assets, and net share issuance: its share count shrank 8.5% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 7% of its family
  • return on equitytop 40% of its family
  • the share count against the year beforetop 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.8/10

How strong is its position in its industry?

bottom 38% of 157 in its family; net margin 60.5%.

weight 33% of this tense · 38th percentile among 157 sector filers · read for its customers

From the record

Farmland Partners Inc.'s standing among 157 graded names in its industry family: revenue of $52 million in fiscal 2025 ranks in the bottom 9% by size; a net margin of 60.5% ranks in the top 6%; revenue growth of -5.2% a year over the last 3 filed years ranks in the bottom 11% (its annual reports).

What it rests on

  • revenue against the family$52.2Mbottom 9% of its family
  • net margin60.5%top 6% of its family
  • three-year revenue growth-5.2%bottom 11% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
2.8/10

What are the people in charge doing?

bottom 28% of 160 in its family for leadership; chief executive since 2023.

weight 22% of this tense · 28th percentile among 160 sector filers · read for its shareholders

From the record

Farmland Partners Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Fabbri, Luca (President and CEO, as filed), filing under that title since 2023-02-28, 3.7 years (bottom 28% of its family); the 8 officers and directors filing in the last fifteen months have been on the record a median of 4.6 years (bottom 10%); 3 officer or director changes were reported on Form 8-K since 2023-11-13, against the 8 people in charge now (bottom 46%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge3 in three years among 8 peoplebottom 46% of its family
  • the median years the people in charge have filed4.6 yearsbottom 10% of its family
  • the chief executive's years on the record3.7 yearsbottom 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

3.5/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.2/10

How much room does it have to grow?

top 48% of 146 in its family for room to expand.

weight 22% of this tense · 52nd percentile among 146 sector filers · read for itself

From the record

Farmland Partners Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $9 million against debt of $162 million leaves -21.2% of its assets as net cash, top 45% of its family; cash from operations less capital spending is 33.4% of revenue (bottom 49%) (its annual report).

What it rests on

  • cash less debt against assets-21.2%top 45% of its family
  • cash from operations less capital spending against revenue33.4%bottom 49% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
1.4/10

What could actually drive growth from here?

bottom 14% of 153 in its family for growth drivers.

weight 33% of this tense · 14th percentile among 153 sector filers · read for its customers

From the record

Farmland Partners Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew -5.2% a year over the last three filed years against 6% over all 10, slowing (bottom 17% of its family); the newest year grew -10.4% (bottom 11%) (its annual reports). Farmland Partners Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-11.1 points a yearbottom 17% of its family
  • the newest year's revenue growth-10.4%bottom 11% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
4.1/10

Did its newest year beat what its own record pointed to?

bottom 41% of 150 in its family for expectations against reality.

weight 45% of this tense · 41st percentile among 150 sector filers · read for its shareholders

From the record

Farmland Partners Inc.'s newest year against its own record: revenue of $52 million in fiscal 2025 came in 8.1% below the $57 million its prior three years' pace pointed to (bottom 27% of its family); net income of $32 million against a prior three-year average of $34 million (bottom 39%); a net margin of 60.5% against 58.6% before (top 43%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-8.1%bottom 27% of its family
  • net income against the prior three years' average-8%bottom 39% of its family
  • net margin against its prior average+1.9 pointstop 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton FPI · research, not advice