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Farmland Partners stock

FPINYSE

Farmland Partners Inc., Real EstateISIN US31154R1095

$8.94▲ $0.14 (+1.6%)Closing price of 11 Nov 2026

47Score 47 out of 100, Weak

Turn on early warning

Price and trend

32 / 100

Price history

−8.3% in one year

The chart shows daily closes over 13 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.

Long-term trend

Below the 200-day line: the price is 16% below it.

Trend change

Since June 2026 the 50-day line has been below the 200-day line; the trend has turned down.

Momentum

Normal: the price is neither overheated nor sold off (RSI 34).

Distance to the high

The price is 31% below its 52-week high. Largest decline in 13 years: 68% (April 2014 to December 2018).

Chart figures for advanced users
SMA 50$10.26
Average price of the last 50 trading days, shows the short-term trend.
SMA 200$10.64
Average price of the last 200 trading days, shows the long-term trend.
RSI (14)34
Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
MACDbelow the signal line
Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
Support$8.43
The lowest closing price of the last twelve months.
Resistance$13.04
The highest closing price of the last twelve months.
Market cap
$390.33M
Div. yield
3.69%
12 months
40.3
includes one-off items, adjusted 894
Fair value
$5.24

Snapshot

Computed from the data by fixed rules, no AI

  • Farmland Partners Inc. belongs to the REIT (Specialty) industry (United States) and, with a market value of $390.33M, is number 15 of 16 companies in its industry on MEQIRI.
  • In fiscal 2025 it reported revenue of $52.18M (down 10.4% year on year) and earnings of $31.55M (down 47.3%).
  • MEQIRI Score 47 out of 100 (Weak): rank 239 of 327 in Real Estate, median 55.
Show more
  • For real estate investment trusts (REITs) what counts is funds from operations (FFO and AFFO). The P/E and the payout ratio of earnings say little here, because depreciation on properties depresses earnings.
  • Our model puts fair value at $5.24, with the price 71% above it.

In plain words

The numbers on this page in plain words, written by an AI

Strengths

  • Earnings turn into cashFree cash flow 185% of earnings over the last 12 months.Fundamentals 75
  • Consistently profitableProfit in all 10 fiscal years from 2016 to 2025.Fundamentals 75

Weaknesses

  • DilutionShare count up 50% since 2020.Capital allocation 30
  • Above fair valuePrice 71% above the fair value of $5.24.Valuation 24
47/ 100
MEQIRI Score
Weak

Its standout strengths are stability and fundamentals, while capital allocation and valuation hold the score back.

Daily figure as of 12 Nov 2026

How the score is calculated

Score overview

Fundamentals are strong, with stable profits and strong cash generation.

Profit consistency100% of years
Cash conversion (free cash flow to earnings, 12 months)185%
ROIC (12 months)3.0%
Positive free cash flow80% of years
How this category is measured

Score history

The full history of up to 20 years comes with MEQIRI Pro.

See plans

Crash risk medium

How well MEQIRI warns

In the middle among smaller stocks.

From 2016 to 2025, 20 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.

What drives the risk

  • price far below its 52-week high
  • high price swings

Valuation

Valuation signal

Significantly overvalued
Price
$8.94
Fair value
$5.24
Gap to fair value
+71%

In our model the price counts as cheap below $4.03 and expensive above $7.48 (uncertainty medium, based on the price swings of the past year).

The two parts of the fair value come to $4.84 (cash-flow model) and $5.63 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is above both.

Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $4.84, at 7.8% it would be $5.83.

Valuation metrics

0.38
24.6
Fair value (model)
$5.24
Industry part $5.63 (FFO × 19.1)

Half from the cash-flow model, half from FFO per share times the median price to FFO of the REIT industry (19.1). For REITs, depreciation on buildings depresses earnings, so FFO counts instead of earnings, here following the industry rule (Nareit) from the filings with the SEC: gains on property sales are deducted where the company reports them in the standard items. The cash-flow model uses AFFO: operating cash flow less maintenance, estimated at 4% of revenue, and less preferred dividends. New construction and acquisitions do not count as running costs there.

Calculate with your own assumptions

Company performance

This shows several years of history with an automatic assessment.

Revenue

14 years

In the twelve months to 30 Sep 2026, revenue fell 2.2% on the twelve months before. Revenue has grown strongly since 2012, at around 28% per year.

Margins

14 years
  • Gross margin
  • Operating margin
  • Net margin

In fiscal 2025: gross 64%, operating 44%, net 60%. Last 12 months: net 19%.

Debt & balance sheet

latest quarter
0.56
4.3x
73.52
Cash & equivalents
$7.88M

Moderate debt, and interest is adequately covered.

Earnings

Next earnings
17 Feb 2027in 97 days
Last reported
28 Oct 2026EPS reported −$0.36 (expected $0.01)below expectations

Analyst estimates

Fiscal 20261 analyst
Earnings per share
$0.05−78.7%
Revenue
$30.94M0.0%
Fiscal 20271 analyst
Earnings per share
$0.19−5.1%
Revenue
$31.48M−0.4%

MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.

Company outlook lowered

Share price after the results: −16.8%

Farmland Partners lowered its 2026 AFFO per share guidance by 10 cents versus the July outlook, with 9.5 cents of that driven by an additional credit loss reserve and a higher litigation loss contingency.

Supporting passage from the call, verbatim
“Note that these two events account for 9.5 cents of the 10-cent decrease in AFFO per share.”

The outlook is not part of the score and not a recommendation to buy or sell.

From the earnings call on 29 Oct 2026 (fiscal Q3 2026), read by AI.

Insiders

Open-market purchases and sales by executives, board members and major holders

All insider purchases

One insider bought on the open market in the last 6 months, $19,300 in total.

  • Sherrick Bruce JPurchase

    25 Jun 2026, Board

    Shares
    2,000
    Price
    $9.65
    Value
    $19,300

Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.

What happened at Farmland Partners

The key events of the last six months from our own data. A click takes you to the matching card.

Sector comparison

327 rated companies in Real Estate

Rank 239 of 327
239/ 327
This company
47
Sector median
55

Categories against the sector median

ProfitabilityMedian of 327 companies54 (median 57)3 below the median
GrowthMedian of 327 companies38 (median 55)17 below the median
FundamentalsMedian of 327 companies75 (median 62)13 above the median
ValuationMedian of 315 companies with a value24 (median 68)44 below the median
StabilityMedian of 327 companies76 (median 56)20 above the median
Capital allocationMedian of 327 companies30 (median 32)2 below the median
Technical analysisMedian of 327 companies32 (median 59)27 below the median
MomentumMedian of 327 companies30 (median 51)21 below the median

The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.

Competitors in REIT (Specialty)

The next larger and next smaller companies by market value

All 16 REIT (Specialty) stocks

ETFs that hold Farmland Partners

Held by 2 ETFs on Xetra. Shown per index: the ETF with the largest weight.

ETFWeightCostFund size
State Street SPDR Russell 2000 U.S. Small Cap UCITS ETF (Acc)ZPRR0.01%0.30%€4.22B
Xtrackers Russell 2000 UCITS ETF 1CXRS20.01%0.30%€2.17B

Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).

Data status and sources

Score
Daily value of 12 Nov 2026, recalculated nightly
Price
Closing price of 11 Nov 2026
Latest annual report
Fiscal year 2025, period end 31 Dec 2025
Source
Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.

Mandatory disclosures for this rating

  • ; time horizon around 12 months
  • Rated Weak, published since 7 Nov 2026 (in the score history since 29 Oct 2026)
  • Valuation signal Overvalued since 7 Nov 2026
  • End-of-day prices, metrics cached for up to 24 hours
  • Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
  • Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
  • Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.

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