Farmland Partners Inc. (FPI)
Farmland Partners Inc. operates in the REIT - Specialty industry of the Real Estate sector, headquartered in Denver, CO, US. The stock last traded at $9.77, up 0.26% on the session, giving a market capitalisation of $426.1M. On trailing twelve-month figures it carries a trailing P/E of 16.33, a net margin of 48.2%. Its beta of 0.69 implies it has historically moved less than the broad market.
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 agricultural areas from Alabama to Virginia. This diversified land base supports nearly 26 different crop varieties and is utilized by over 100 distinct agricultural tenants. Farmland Partners Inc. chose to be taxed as a Real Estate Investment Trust (REIT) for U.S. federal income tax purposes, commencing with the fiscal year that ended December 31, 2014.
Farmland Partners Inc. is most often compared with the following Real Estate names: