Farmland Partners Inc (FPI)

In the past six months, FPI reported Q1 2025 financial results, which led to an increase in its full-year AFFO guidance due to growth in lending operations, higher solar, wind, and recreation rent, and ongoing share buybacks. Management believes the stock is undervalued. The company announced the date for its Q3 2025 earnings release and conference call in October 2025. Earlier in the year, the company's Q4 2023 and full-year 2023 results highlighted a strategic focus on its core portfolio, an optimistic view on specialty crops, and plans for continued stock buybacks and debt reduction. The company outlined a $50 million asset sales plan for 2024, with proceeds intended for stock buybacks and debt reduction. Despite these efforts, FPI's stock underperformed the Vanguard Real Estate Index Fund ETF (VNQ) in 2025, delivering an approximate 11% loss.

Demand seasonality for Farmland Partners, Inc.'s products and services is primarily influenced by agricultural cycles. Variable leases, including those for specialty crops, constitute approximately 25% of FPI's annual revenues, with the majority of this revenue stream typically reported in the fourth quarter. The company's focus on a diverse range of crops and geographic diversification helps to mitigate some of the inherent volatility associated with agricultural demand and production. Global population growth and increasing food demand are seen as long-term drivers for the fundamental value of farmland.

Farmland Partners, Inc. (FPI) is a real estate company focused on owning and acquiring North American farmland. They lease farmland to experienced farmers under long-term agreements, generating stable rental income. The company's portfolio includes primary crops (70%) and specialty crops (30%). FPI also provides agricultural lending and owns land and buildings for agriculture equipment dealerships.

Farmland Partners, Inc. has a geographically diversified portfolio across 15 to 17 states in the United States. As of September 30, 2025, the company owned and/or managed approximately 125,200 acres of farmland in states including Arkansas, California, Colorado, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Ohio, South Carolina, Texas, and West Virginia. As of June 30, 2024, the company owned and/or managed approximately 180,100 acres in 17 states, including Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Ohio, Oklahoma, South Carolina and Texas. This broad distribution helps mitigate risks associated with regional weather patterns, crop yields, and local economic conditions.

Farmland Partners, Inc. has maintained a positive brand presence. The company's president, Eric Sarff, discussed the strong demand for farmland with the National Association of Farm Broadcasting. Additionally, Farmland Partners' CEO, Luca Fabbri, was featured by the National Association of Real Estate Investment Trusts (Nareit) to mark the 50th anniversary of National Ag Day, highlighting the significant impact of farmers and ranchers. No specific events negatively impacting Farmland Partners, Inc.'s reputation in the past year were found in the search results.

Farmland Partners, Inc. has a diverse ownership structure, with institutional shareholders holding the majority (approximately 62.21%). Farmland Partners insiders own 12.29%, and retail investors own 25.50%. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., Global Alpha Capital Management Ltd., State Street Corp, Accordant Advisory Group Inc, Winnow Wealth LLC, Geode Capital Management, Llc, and Uniplan Investment Counsel Inc.. Paul A. Pittman, the Executive Chairman and CEO, is the largest individual shareholder, owning 2.92 million shares, representing 6.60% of the company.