Thesis pillars
- Expensive Cash Flow Valuation↑Improving
- Declining Revenue↑Improving
- Recent Earnings Misses↓Deteriorating
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Oct 24, 2026, based on the 10-K filed Feb 19, 2026
Farmland Partners Inc. (FPI) Stock Analysis
Oversold Bounce setup
Real Estate · REIT - Specialty
Hold if already holding. Not a fresh buy at $8.74, but acceptable to hold if already in. Reasons: Target reached (2.1% upside); Market cap $384M below $400M minimum.
Farmland Partners Inc. is an internally managed REIT that owns and leases approximately 71,600 acres of U.S. farmland across eleven states, with roughly 60% of portfolio value in primary row crops such as corn, soybeans, wheat, rice, and cotton and 40% in specialty crops such as... Read more
Hold if already holding. Not a fresh buy at $8.74, but acceptable to hold if already in. Reasons: Target reached (2.1% upside); Market cap $384M below $400M minimum. Chart setup: Oversold RSI 25, near Bollinger lower, volume surge. Market cap $384M below $400M minimum. Not in investable universe. Score 4.5/10, moderate confidence.
Passes 6/8 gates (clean insider activity, no SEC red flags, news events none recent, earnings proximity 112d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: aggressive.
About Farmland Partners Inc.
About Farmland Partners Inc.
Approximately 71,600 acres across eleven states -- including Arkansas, California, Colorado, Illinois, and Nebraska -- make up Farmland Partners' owned farmland portfolio, split roughly 60% primary row crops such as corn, soybeans, wheat, rice, and cotton and 40% specialty crops including almonds, pistachios, and citrus. Net income fell 47.6% to $32.2 million in 2025 from $61.5 million in 2024, even as Adjusted Funds from Operations rose 27% to $17.9 million.
Farmland Partners earns its principal revenue from rent paid by farm-operator tenants under one-to-three-year leases, many of which are fixed-rate and require at least 50% -- sometimes all -- of annual rent in advance of spring planting to limit tenant credit-risk exposure; a smaller share of leases carry variable rents tied to a tenant's farming revenue. The company also participates in the FPI Loan Program, lending to landowners and tenant and non-tenant farmers secured by farmland, crops, and equipment. During 2025 the company disposed of 60 properties across the Corn Belt, Delta and South, High Plains, and West Coast regions for $90.2 million, acquired six Corn Belt properties for $7.3 million, sold its Murray Wise Associates auction and brokerage subsidiary for $5.3 million, and reduced total indebtedness to $161.6 million from $204.6 million a year earlier.
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The portfolio's roughly 60/40 split between primary row crops and higher-value specialty crops carries asymmetric risk: any decline in corn, soybean, wheat, rice, or cotton prices could disproportionately hit results given that concentration, while the 40% allocated to permanent specialty crops such as almonds and citrus is costlier to convert to other uses if demand shifts, since trees and vines take years to replant and mature. Separately, state laws in several core markets -- including Missouri, where the company owned 815 acres in 2025 -- restrict corporate ownership of farmland, and its Missouri holdings may face a legal challenge that could force a sale on unfavorable terms.
See also: Real Estate · REIT - Specialty
From Farmland Partners Inc.'s most recent 10-K filing, extracted July 6, 2026.
Recent developments
updated Oct 29, 2026Recent Developments — Farmland Partners Inc.
Latest news
- NEWS Farmland Partners Q3 2026 Earnings Call Transcript — benzinga Oct 29, 2026
- NEWS Farmland Partners Q3 2026 Earnings Results and Report - MarketBeat — MarketBeat Oct 29, 2026 neutral
- NEWS Farmland Partners (FPI) Reports Q3 Loss, Misses Revenue Estimates - Yahoo Finance — Yahoo Finance Oct 28, 2026 negative
- NEWS Farmland Partners Falls 6% After Earnings Miss - StocksToTrade — StocksToTrade Oct 28, 2026 negative
- NEWS Farmland Partners: Q3 Earnings Snapshot - Yahoo Finance — Yahoo Finance Oct 28, 2026 neutral
Latest item Oct 29, 2026 · Generated 2026-11-04T12:10:02Z.
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Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
4 floor-breakers
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Priced at a premium — multiples above sector norms. Needs delivery on growth + margins to justify.static
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $8.74, but acceptable to hold if already in. Reasons: Target reached (2.1% upside); Market cap $384M below $400M minimum. Chart setup: Oversold RSI 25, near Bollinger lower, volume surge. Market cap $384M below $400M minimum. Not in investable universe. Analyst target $8.92 (+2.1%), stop $8.13 (−7.5%), A.R:R 0.2:1. Score 4.5/10, moderate confidence.
Analyst target: $8.92 (+2.1% upside). Analyst target $8.92 (+2.1%), stop $8.13 (−7.5%), A.R:R 0.2:1. Stop-loss: $8.13.
Target reached (2.1% upside); Market cap $384M below $400M minimum.
Farmland Partners Inc. trades at a P/E of 58.3 (forward 36.4). TrendMatrix value score: 3.4/10. Verdict: Hold.
9 analysts rate FPI, with a consensus score of 2.3/5. 1 analysts publish price targets averaging $11.
What does Farmland Partners Inc. do?Farmland Partners Inc. is an internally managed REIT that owns and leases approximately 71,600 acres of U.S. farmland...
Farmland Partners Inc. is an internally managed REIT that owns and leases approximately 71,600 acres of U.S. farmland across eleven states, with roughly 60% of portfolio value in primary row crops such as corn, soybeans, wheat, rice, and cotton and 40% in specialty crops such as almonds, pistachios, and citrus. The company earns rental income from farm-operator tenants under one-to-three-year leases with fixed and variable rent components, and also offers a loan program financing landowners and tenant and non-tenant farmers; net income was $32.2 million in 2025 on total indebtedness of $161.6