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FPI

Farmland Partners Inc.

Real Estate · $485M market cap

Verdict

Share price

$11.24

close of Oct 3, 2026

Fair value

$7.90

Sticker Price

Payback Price

$3.16

buy price

Overpriced

FPI is Overpriced: at $11.24 it trades 42% above its fair value of $7.90. Its buy price (Payback Price) is $3.16, 72% below today's price. Business quality is solid: 3 of 5 key numbers clear the 10% bar.

How we valued it

FFO-Based (REIT). A real estate trust. Depreciation makes a property owner's profit look smaller than the cash it brings in, so we value it on funds from operations (FFO).

Business quality

3 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth20.4% a year✓
Equity per share growth-2.5% a year✗
Sales growth6.8% a year✗
Free cash flow growth12.3% a year✓
Return on invested capital10.2%✓

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Insider activity

Since Jun 25, 2026: 1 open-market purchase worth $19K. Why purchases matter

Purchases

Sherrick Bruce J

director · 2026-06-25

Bought

$19K

About Farmland Partners Inc.

Farmland Partners Inc. functions as an internally managed real estate enterprise, primarily focused on acquiring and holding premium North American agricultural land. The company also provides secured loans to farmers, collateralized by their farm real estate. As of the most recent disclosure, its expansive portfolio includes approximately 155,000 acres distributed across 16 U.S. states, covering significant…

REIT - Specialty

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works