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Companies / Real Estate / Farmland Partners Inc.
FPI

Farmland Partners Inc.

Ticker FPIDENVER, COFiscal year ends DecemberBook value per share $9.90Diluted shares 43.1M

Farmland Partners Inc. (NYSE: FPI) is an internally managed real estate company that owns and acquires farmland in agricultural markets across North America, earning primarily rental income from farm operators under leases generally lasting one to three years. Its portfolio includes land used for primary crops such as… From the company’s description.

Over the twelve months to Sep 30, 2026, Farmland Partners Inc. reported revenue of $49.99M, down 5.6% from a year earlier, and net income of $10.06M. Its operating margin was 12.4%, and operations generated $18.09M in cash. In fiscal 2025, it reported revenue of $52.18M, down 10.4% from fiscal 2024, and net income of $32.17M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$52.18MFY2025
−10.4% year over year
Last 12 mo $49.99M
10.03%FY2025
−32.4 percentage points
Last 12 mo 12.45%
$32.17MFY2025
−47.6% year over year
Last 12 mo $10.06M
10.56%FY2025
−1.7 percentage points
Last 12 mo 5.28%
Cash & financing
$17.43MFY2025
+8.0% year over year
Last 12 mo $18.09M
$17.43MFY2025
+8.0% year over year
Last 12 mo $18.09M
0.34FY2025
Was 0.41× a year earlier
Last 12 mo 0.56
51.3MFY2025
−8.5% year over year
Last 12 mo 43.1M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Farmland Partners Inc. does

In the company’s own words

Farmland Partners Inc. (NYSE: FPI) is an internally managed real estate company that owns and acquires farmland in agricultural markets across North America, earning primarily rental income from farm operators under leases generally lasting one to three years. Its portfolio includes land used for primary crops such as corn, soybeans, wheat, rice and cotton, as well as specialty crops including almonds, pistachios, citrus, avocados, strawberries and edible beans. The company also makes loans to landowners and farmers, operates some farmland through a subsidiary, and leases property for renewable energy projects and agricultural equipment dealerships. It has one principal farmland business rather than separately reported operating segments; a former auction, brokerage and third-party farm management business was sold in 2025. At December 31, 2025, Farmland Partners owned approximately 71,600 acres across 11 states, with about 60% of its portfolio value used for primary crops and 40% for specialty crops. It also owned land and buildings for four Ohio equipment dealerships leased under the John Deere brand. Its website is www.farmlandpartners.com.

Company details
Sector
Real Estate
Industry (SIC)
REITs
Headquarters
DENVER, CO
Fiscal year end
December
CIK
1591670
SIC
6798

Financial performance, year by year

Fiscal 2014–2025 · USD
$-6.88M$11.75M$30.39M$49.03M$67.66M201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Farmland Partners Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

126
funds hold it
0 of 35
superinvestors hold it
$94.31M
held by funds, at market
22.3%
of shares held by funds

Largest fund holders · Farmland Partners Inc.’s weight in each

VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.01%of fund net assets
DWS Small Cap Core Fund
SZCAX · DEUTSCHE DWS INVESTMENT TRUST
0.75%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Farmland Partners Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Farmland Partners Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Farmland Partners Inc.'s last four quarterly filings that the numbers alone won't show?”
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