MARKETS / NYSE / FPI
NYSE · REAL ESTATE INVESTMENT TRUSTS · SMALL CAP

Farmland Partners Inc. FPI

14 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$52.2M
▼ 10.4% vs FY2024
EPS · FY25
$0.61
Dividend / sh · FY25
$0.44
Payout · FY25
202%
ROE · FY25
Net margin · FY25
60.5%
Dividend coverage
1.4×
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Result
USD 52.2M
Revenue, FY2025 · full 14-year series below
Revenue Net income
0.020.040.060.080.10.0201220152018202120242025
0.020.040.060.080.10.02016201920222025

60 cents of every revenue dollar became profit this year.

Per share
USD 0.61
Diluted EPS, FY2025
EPS Dividend
0.40.81.20.440.61201220152018202120242025
0.40.81.20.440.612016201920222025

Earnings covered the dividend 1.4 times — the rest stayed in the company.

Profitability
Return on equity, FY2025
ROE
0.250.50.751201220152018202120242025
0.250.50.7512016201920222025
Operating margin61.6%
Net margin60.5%
Return on assets4.0%

Returned to shareholders
USD 101.6M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 63.7M
Net buybacksUSD 37.8M
Share of profit322.0%
Consecutive raises

USD 63.7M in dividends and USD 37.8M in buybacks — 322% of the year's profit, so the payout drew on cash built up earlier.

Growth
+0.6% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
−5.2%
+0.6%
Net income
+39.3%
+34.7%
+38.4%
EPS, diluted
+56.2%
Dividend / share
+24.1%
+17.1%
Returned to shareholders
+109.0%
+76.4%
+36.7%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.04B
Shares outstanding, FY2025
0.000.04201220152018202120242025
0.020.042016201920222025
Change, 5 years+41.0%
Change, 10 years

The share count grew 41% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 719.1M
total assets, end of FY2025
Total assetsUSD 719.1M
CashUSD 9.3M
Gross debtUSD 161.6M
Net debtUSD 152.3M

History
14 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
Revenue $B
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.1
0.0
0.0
·
·
·
·
Operating income $B
0.0
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
EBITDA $B
0.0
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Income tax $B
−0.0
−0.0
−0.0
0.0
0.0
0.0
0.0
·
·
0.0
0.0
0.0
0.0
·
Net income $B
0.0
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
−0.0
0.0
0.0
EPS, diluted $
0.61
1.06
0.53
0.16
−0.17
−0.18
0.04
0.01
0.03
0.09
0.08
−0.15
·
·
Dividend / sh $
0.44
1.15
0.41
0.23
0.20
0.20
0.20
0.35
0.51
0.51
0.50
0.33
·
·
Payout %
202
36
40
95
64
83
44
118
186
153
361
−289
·
·
ROE %
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Shares out B
0.04
0.05
0.05
0.05
0.05
0.03
0.03
0.03
0.03
0.02
0.01
0.01
0.00
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
25 of 25
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed