# Farmland Partners share price today (Farmland Partners Inc., FPI)

> Farmland Partners Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. FPI · Real Estate · REIT - Specialty · data as of 3 November 2026. Page: https://www.sectoralpha.in/us/stocks/fpi

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Business trend: Getting worse, from the last 12 quarters
- Price: $8.74 (−12.9% in a year)
- P/E: 42.5×, over 1 year
- Revenue (Jun 2026): $9.4 M (−5.5% on a year ago)
- Profit (Jun 2026): $3.1 M (−55.0% on a year ago)
- Operating margin: 36.3% (+9.3 points on a year ago)
- ROE: 5%, FY25
- ROIC: 2.7%, against a 6.8% cost of capital: −4.1 points

The main question: the share price moved −12.9% in a year while yearly earnings per share moved −42.3%. The difference came from the market paying a higher multiple. ## What is the Farmland Partners share price today? Farmland Partners Inc.'s share price was $8.74 at the close on 3 November 2026. That is 18.2% below its average price over the last 200 trading days. In the last 52 weeks it traded between $8 and $13, and at that close it sat 7% of the way up from that low. Over the past 13 weeks it has done worse than the S&P 500, and it has been behind for 2 weeks running. Over the last 1 year the share price moved −21% while the S&P 500 moved +21%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 23 October 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What dividend does Farmland Partners pay? Farmland Partners Inc. paid $0.30 per share over the last four reported quarters. The most recent declaration was $0.09 for Jun 2026. At today's price of $8.74 that is a yield of 3.43%, based on dividends already paid, not a forecast. ## Which stock lists is Farmland Partners on? Farmland Partners is not in the Nasdaq 100, the S&P 500 or the Dow Jones 30, and is not on the US tech stocks list. ## Is Farmland Partners profitable? Farmland Partners Inc. earned $3.1 M of net profit in the Jun 2026 quarter, −55.0% on the same quarter a year earlier. Full-year FY25 profit was $28.8 M. That is 32.7% of the quarter's revenue. The same quarter a year earlier earned $6.8 M. 2 of the last 12 reported quarters were loss-making. For the full year, FY25 profit was $28.8 M (−49.0% on the year before). Why profit moved: revenue changed −5.5% on a year earlier and the margin moved +9.3 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed −74.8% and revenue −6.0%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Farmland Partners make, and is it growing? Farmland Partners Inc. reported $9.4 M of revenue in the Jun 2026 quarter, −5.5% on the same quarter a year earlier. Over 4 years it has grown 0.0% a year on average. The last full year, FY25, came in at $51.8 M. The last four reported quarters add to $51.1 M. FY25 revenue was $51.8 M, −10.0% on the year before. Recent pace: the last four quarters grew −6.0% on average, against 0.0% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew −5.7%, against −5.2% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −63.8%, against +16.7% a year (rolling over). ## How much of every $100 of sales does Farmland Partners keep? Farmland Partners Inc.'s operating margin was 36.3% in the Jun 2026 quarter, 9.3 percentage points higher than the same quarter a year ago. Across 5 years it has been between 32.6% and 45.5%. The latest quarter is within that range. Why: the operating margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. ## Is Farmland Partners' profit turning into cash? Over the last 3 years, 41% of Farmland Partners Inc.'s reported profit came in as cash from its operations, a gap worth watching. In FY25 it brought in $17.4 M of operating cash against $28.8 M of profit. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets. ## Where does Farmland Partners' cash go? Farmland Partners Inc. does not report the customer, stock and supplier day counts a cash cycle needs, so this section looks at its spending on assets instead. Nothing is estimated in place of the missing day counts, so no cash-cycle chart is drawn. In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean. ## What is Farmland Partners' P/E ratio, and how does it compare with its own history? Farmland Partners Inc.'s P/E is 42.5×, with too little history to compare. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −42.3% while the price moved −12.9%. The price did better than earnings, which pushed the multiple up within its own range. In short: there is too little history to say whether the multiple is high or low for this company, so the earnings trend underneath matters more than the multiple. ## Is the Farmland Partners business getting better or worse? Farmland Partners Inc.'s business is getting worse. Revenue, profit and EPS growth are shrinking: revenue growth is −5.7% in the latest quarter, against +1.4% at its best in 12 quarters, with ROCE steady at 2.5%. This is based on 12 quarters of 4 measures. Why it matters: falling lines mean any ratio below that looks low should be read with that direction in mind. ## How much does Farmland Partners earn on its capital? Farmland Partners Inc. earned a ROE of 5% in FY25. That is up from a low of −1% in FY21. Its return on capital used (ROIC) is 4.1 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 55.6% net margin and 0.07× asset turnover (sales divided by assets). Why the return is what it is (FY25): a 55.6% net margin × 0.07× asset turnover × 1.34× leverage (assets divided by equity) ≈ 5.2% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 2.7% − 6.8% = −4.1 percentage points. The 6.8% is an estimate of this company's own cost of capital. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Farmland Partners have too much debt? Farmland Partners Inc. has total debt of $224 M against shareholder equity of $463 M as of Jun 2026, so its debt is 0.48× its equity. Year by year, that ratio went from 0.86 in FY21 to 0.30 in FY25. Keep that borrowing in mind when reading the returns on this page. ## What is the Farmland Partners shareholding pattern? 10.2% of Farmland Partners Inc.'s tradable shares are in short positions, which are bets that the price will fall, so a large group of traders is betting against it. At normal trading volumes, closing those positions would take about 5.3 days. US companies do not publish a quarter-by-quarter list of owners, so this page uses short interest instead. It is a single reading at one point in time; we do not have its history. Why it is at this level: the figure does not say who holds the short positions or why, so we show the level without guessing the story. ## How far is Farmland Partners from balance-sheet trouble? For Farmland Partners Inc., the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Farmland Partners rank in its industry? 25.7 out of 100, rank 15 of 17 in REIT - Specialty, with 76% of the evidence available. Farmland Partners Inc. scores 25.7 out of 100 against the 17 companies it is compared with in REIT - Specialty, ranking 15. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 9.3 + 8.6 + 3.8 + 4 = 25.7. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector. ## Which companies is Farmland Partners compared with? Farmland Partners ranks 15 of 17 REIT - Specialty companies on the 4-Factor Sector Score, with 25.7 out of 100. 1. [American Tower Corporation](https://www.sectoralpha.in/us/stocks/amt) AMT · breaking out · Most evidence points up · 76% evidence 67.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.0/35 · Income 6.7% · Profit 100% · 71% evidence Capital efficiency 18.7/25 · ROA 5% · ROE 34.3% · GNPA n/a · 68% evidence Valuation 9.5/20 · P/BV 7.43× · P/BV÷ROE 0.22 · 70% evidence Relative strength 15.8/20 · Lead over its industry 15.3% · Lead over S&P 500 -0.2% · 1 year 5.2% · 100% evidence · 4 of 12 weeks ahead Exact sum: 23 + 18.7 + 9.5 + 15.8 = 67 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Gaming and Leisure Properties, Inc.](https://www.sectoralpha.in/us/stocks/glpi) GLPI · basing · Evidence leans up · 76% evidence 63.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.3/35 · Income 5.8% · Profit 34.8% · 71% evidence Capital efficiency 19.7/25 · ROA 6.2% · ROE 19.1% · GNPA n/a · 68% evidence Valuation 14.3/20 · P/BV 2.35× · P/BV÷ROE 0.12 · 70% evidence Relative strength 6.9/20 · Lead over its industry -2.7% · Lead over S&P 500 -16% · 1 year -12.9% · 100% evidence · 0 of 12 weeks ahead Exact sum: 22.3 + 19.7 + 14.3 + 6.9 = 63.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [OUTFRONT Media Inc.](https://www.sectoralpha.in/us/stocks/out) OUT · turning · Evidence leans up · 76% evidence 62.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.6/35 · Income 7.7% · Profit 100% · 71% evidence Capital efficiency 13.2/25 · ROA 2.7% · ROE 10.8% · GNPA n/a · 68% evidence Valuation 4.5/20 · P/BV 8.01× · P/BV÷ROE 0.74 · 70% evidence Relative strength 18.6/20 · Lead over its industry 24.8% · Lead over S&P 500 8.2% · 1 year 60.5% · 100% evidence · 1 of 12 weeks ahead Exact sum: 26.6 + 13.2 + 4.5 + 18.6 = 62.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Crown Castle Inc.](https://www.sectoralpha.in/us/stocks/cci) CCI · turning · Too little evidence to rank firmly · 57% evidence 62.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.9/35 · Income -5.3% · Profit n/a · 52% evidence Capital efficiency 18.4/25 · ROA 4.5% · ROE 47.9% · GNPA n/a · 68% evidence Valuation 10.9/20 · P/BV -8.28× · P/BV÷ROE n/a · 10% evidence Relative strength 15.1/20 · Lead over its industry 13.1% · Lead over S&P 500 -2.2% · 1 year -3.3% · 100% evidence · 3 of 12 weeks ahead Exact sum: 17.9 + 18.4 + 10.9 + 15.1 = 62.3 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 5. [EPR Properties](https://www.sectoralpha.in/us/stocks/epr) EPR · quiet · Evidence leans up · 76% evidence 61.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.5/35 · Income 5.4% · Profit 52.9% · 71% evidence Capital efficiency 15.3/25 · ROA 4% · ROE 10.8% · GNPA n/a · 68% evidence Valuation 12.0/20 · P/BV 1.92× · P/BV÷ROE 0.18 · 70% evidence Relative strength 16.3/20 · Lead over its industry 16.2% · Lead over S&P 500 0.7% · 1 year 16.7% · 100% evidence · 0 of 12 weeks ahead Exact sum: 17.5 + 15.3 + 12 + 16.3 = 61.1 · What this means: Relative strength against the index is 0.7%, and revenue and profit growth are weak. 6. [Equinix, Inc.](https://www.sectoralpha.in/us/stocks/eqix) EQIX · quiet · Evidence leans up · 76% evidence 58.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.5/35 · Income 10.9% · Profit 54.2% · 71% evidence Capital efficiency 15.6/25 · ROA 3.7% · ROE 11.7% · GNPA n/a · 68% evidence Valuation 5.3/20 · P/BV 7.14× · P/BV÷ROE 0.61 · 70% evidence Relative strength 14.5/20 · Lead over its industry 15.8% · Lead over S&P 500 0.2% · 1 year 23% · 100% evidence · 0 of 12 weeks ahead Exact sum: 23.5 + 15.6 + 5.3 + 14.5 = 58.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Iron Mountain Incorporated](https://www.sectoralpha.in/us/stocks/irm) IRM · quiet · Too little evidence to rank firmly · 55% evidence 58.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.3/35 · Income 17.4% · Profit 100% · 45% evidence Capital efficiency 12.2/25 · ROA 4.8% · ROE -1330.6% · GNPA n/a · 68% evidence Valuation 9.8/20 · P/BV -42.14× · P/BV÷ROE n/a · 10% evidence Relative strength 16.2/20 · Lead over its industry 17.2% · Lead over S&P 500 1.5% · 1 year 12.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 20.3 + 12.2 + 9.8 + 16.2 = 58.5 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 8. [Lamar Advertising Company](https://www.sectoralpha.in/us/stocks/lamr) LAMR · quiet · Evidence leans up · 76% evidence 58.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.2/35 · Income 4.1% · Profit 26.6% · 71% evidence Capital efficiency 19.0/25 · ROA 4.8% · ROE 40.6% · GNPA n/a · 68% evidence Valuation 5.5/20 · P/BV 15.9× · P/BV÷ROE 0.39 · 70% evidence Relative strength 17.7/20 · Lead over its industry 21.1% · Lead over S&P 500 5.1% · 1 year 24.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.2 + 19 + 5.5 + 17.7 = 58.4 · What this means: Relative strength against the index is 5.1%, and revenue and profit growth are weak. 9. [SBA Communications Corporation](https://www.sectoralpha.in/us/stocks/sbac) SBAC · turning · Too little evidence to rank firmly · 54% evidence 53.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.8/35 · Income 5.3% · Profit 12.6% · 62% evidence Capital efficiency 17.6/25 · ROA 7.9% · ROE n/a · GNPA n/a · 42% evidence Valuation 9.8/20 · P/BV -4.12× · P/BV÷ROE n/a · 10% evidence Relative strength 12.8/20 · Lead over its industry 6.1% · Lead over S&P 500 -8.3% · 1 year -6.4% · 100% evidence · 0 of 12 weeks ahead Exact sum: 12.8 + 17.6 + 9.8 + 12.8 = 53 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 10. [Digital Realty Trust, Inc.](https://www.sectoralpha.in/us/stocks/dlr) DLR · quiet · Evidence leans down · 76% evidence 43.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 16.8/35 · Income 18.8% · Profit -43.5% · 71% evidence Capital efficiency 10.8/25 · ROA 1.4% · ROE 2.8% · GNPA n/a · 68% evidence Valuation 4.4/20 · P/BV 2.17× · P/BV÷ROE 0.78 · 70% evidence Relative strength 11.6/20 · Lead over its industry 11.1% · Lead over S&P 500 -3.8% · 1 year 6.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 16.8 + 10.8 + 4.4 + 11.6 = 43.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Rayonier Inc.](https://www.sectoralpha.in/us/stocks/ryn) RYN · basing · Evidence leans down · 64% evidence 42.4 out of 100 Growth Capital Valuation Relative
12. [Weyerhaeuser Company](https://www.sectoralpha.in/us/stocks/wy) WY · basing · Evidence leans down · 76% evidence 41.1 out of 100 Growth Capital Valuation Relative
13. [Uniti Group Inc.](https://www.sectoralpha.in/us/stocks/unit) UNIT · quiet · Too little evidence to rank firmly · 52% evidence 37.6 out of 100 Growth Capital Valuation Relative
14. [Gladstone Land Corporation](https://www.sectoralpha.in/us/stocks/land) LAND · quiet · Too little evidence to rank firmly · 55% evidence 35.8 out of 100 Growth Capital Valuation Relative
15. Farmland Partners Inc. this page FPI · quiet · Most evidence points down · 76% evidence 25.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.3/35 · Income -7.4% · Profit -64.2% · 71% evidence Capital efficiency 8.6/25 · ROA 1.2% · ROE 0.5% · GNPA n/a · 68% evidence Valuation 3.8/20 · P/BV 0.91× · P/BV÷ROE 1.81 · 70% evidence Relative strength 4.0/20 · Lead over its industry -8.4% · Lead over S&P 500 -20.9% · 1 year -9.9% · 100% evidence · 3 of 12 weeks ahead Exact sum: 9.3 + 8.6 + 3.8 + 4 = 25.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 16. Blackstone Digital Infrastructure Trust Inc. BXDC · quiet · Too little evidence to rank firmly · 0% evidence 50.0 out of 100 Growth Capital Valuation Relative
17. Fermi Inc. FRMI · quiet · Too little evidence to rank firmly · 33% evidence 34.8 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led S&P 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [REIT - Specialty](https://www.sectoralpha.in/us/sectors/reit-specialty), all 17 compared on one page. ## Which companies are close to Farmland Partners in size? Farmland Partners is the 14th largest of 15 REIT - Specialty companies on Sector Alpha by market value (scores of 3 November 2026). Just above it: Gaming and Leisure Properties, Inc., Rayonier Inc., OUTFRONT Media Inc., EPR Properties and Uniti Group Inc. Just below it: Gladstone Land Corporation. ### REIT - Specialty companies close in size

1. [Gaming and Leisure Properties, Inc.](https://www.sectoralpha.in/us/stocks/glpi) $11.7 billion
2. [Rayonier Inc.](https://www.sectoralpha.in/us/stocks/ryn) $5.9 billion
3. [OUTFRONT Media Inc.](https://www.sectoralpha.in/us/stocks/out) $5.7 billion
4. [EPR Properties](https://www.sectoralpha.in/us/stocks/epr) $4.6 billion
5. [Uniti Group Inc.](https://www.sectoralpha.in/us/stocks/unit) $1.2 billion
6. Farmland Partners Inc. $367 million
7. [Gladstone Land Corporation](https://www.sectoralpha.in/us/stocks/land) $316 million

[All 15 REIT - Specialty companies, largest first](https://www.sectoralpha.in/us/sectors/reit-specialty#all-companies)

### Companies close in size in other industries

1. [Energy Recovery, Inc.](https://www.sectoralpha.in/us/stocks/erii) $355 million · Pollution & Treatment Controls
2. [Orchestra BioMed Holdings, Inc.](https://www.sectoralpha.in/us/stocks/obio) $355 million · Biotechnology
3. Farmland Partners Inc. $354 million
4. [Embecta Corp.](https://www.sectoralpha.in/us/stocks/embc) $354 million · Medical Instruments & Supplies
5. [Community Healthcare Trust Incorporated](https://www.sectoralpha.in/us/stocks/chct) $353 million · REIT - Healthcare Facilities

## What else do people ask about Farmland Partners? ### What were Farmland Partners's latest quarterly results? Farmland Partners Inc. reported revenue of $9.4 M and net profit of $3.1 M for the Jun 2026 quarter. Revenue fell 5.5% and profit fell 55.0% compared with a year earlier. Earnings per share were $0.07. The operating margin was 36.3%, 9.3 percentage points higher than a year earlier (as of 3 November 2026). ### What is Farmland Partners's market cap? Farmland Partners Inc.'s market capitalisation is $367 M at a stock price of $8.74. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Farmland Partners performing? Farmland Partners Inc.'s latest readings are below. In its latest quarter, revenue fell 5.5% and profit fell 55.0% compared with a year earlier. Over the past 13 weeks it has done worse than the S&P 500, for 2 weeks running. This describes what the data did, not a rating (as of 3 November 2026). ### Will Farmland Partners's stock price go up? This page does not forecast Farmland Partners Inc.'s stock price. What it shows instead: the stock price is $8.74. Nobody can reliably say which way a price will move, and this site does not try (as of 3 November 2026). ### Does Farmland Partners have too much debt? Farmland Partners Inc. has a moderate amount of debt: its debt is 0.56× its equity. A year-by-year history of its borrowings is not in our data, so this uses the latest reading. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Farmland Partners in its business cycle? Farmland Partners Inc.'s FY25 operating margin was 43.8%, against a 5-year range of 32.6% to 45.5%: the middle of its own range, neither a peak nor a low. The latest quarter was 36.3%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Farmland Partners story? The main question: the share price moved −12.9% in a year while yearly earnings per share moved −42.3%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Farmland Partners a stock worth studying right now? What the numbers show: Farmland Partners Inc.'s share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). This is research, not advice. We’re not SEBI-registered.