Farmland Partners Inc
Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to third-party farmers (both tenant and non-tenant) and landowners secured by farm real estate and/or other agricultural related assets. As of September 30, 2025, the Company owned and/or managed approximately 125,200 acres of farmland in 15 state… Read more
Farmland Partners Inc (FPI) - Net Assets
Latest net assets as of September 2025: $558.40 Million USD
Based on the latest financial reports, Farmland Partners Inc (FPI) has net assets worth $558.40 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($738.55 Million) and total liabilities ($180.15 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $558.40 Million |
| % of Total Assets | 75.61% |
| Annual Growth Rate | 86.66% |
| 5-Year Change | 33.85% |
| 10-Year Change | 330.62% |
| Growth Volatility | 449.12 |
Farmland Partners Inc - Net Assets Trend (2012–2024)
This chart illustrates how Farmland Partners Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Farmland Partners Inc (2012–2024)
The table below shows the annual net assets of Farmland Partners Inc from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $596.56 Million | -5.43% |
| 2023-12-31 | $630.81 Million | -10.42% |
| 2022-12-31 | $704.21 Million | +18.84% |
| 2021-12-31 | $592.59 Million | +32.96% |
| 2020-12-31 | $445.68 Million | -2.35% |
| 2019-12-31 | $456.41 Million | -24.38% |
| 2018-12-31 | $603.54 Million | -5.06% |
| 2017-12-31 | $635.68 Million | +194.85% |
| 2016-12-31 | $215.59 Million | +55.63% |
| 2015-12-31 | $138.53 Million | +65.86% |
| 2014-12-31 | $83.53 Million | +1868.15% |
| 2013-12-31 | $-4.72 Million | -1517.03% |
| 2012-12-31 | $333.37K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Farmland Partners Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 7205400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $459.00K | 0.10% |
| Other Comprehensive Income | $1.51 Million | 0.31% |
| Other Components | $551.99 Million | 114.54% |
| Total Equity | $481.91 Million | 100.00% |
Farmland Partners Inc Competitors by Market Cap
The table below lists competitors of Farmland Partners Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing Oriental Jicheng Co Ltd
SHE:002819
|
$467.21 Million |
|
Karnov Group AB
ST:KAR
|
$467.30 Million |
|
CH. Karnchang PCL
BK:CK
|
$467.44 Million |
|
Sinclair, Inc.
F:HQ7
|
$467.48 Million |
|
STCube Inc
KQ:052020
|
$467.01 Million |
|
DroneShield Limited
PINK:DRSHF
|
$467.01 Million |
|
CeriBell, Inc
NASDAQ:CBLL
|
$467.00 Million |
|
Central Plaza Hotel Public Company Limited
BK:CENTEL-R
|
$466.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Farmland Partners Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 515,882,000 to 481,911,000, a change of -33,971,000 (-6.6%).
- Net income of 59,911,000 contributed positively to equity growth.
- Dividend payments of 24,600,000 reduced retained earnings.
- Share repurchases of 27,534,000 reduced equity.
- New share issuances of 34,000 increased equity.
- Other comprehensive income decreased equity by 1,179,000.
- Other factors decreased equity by 40,603,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $59.91 Million | +12.43% |
| Dividends Paid | $24.60 Million | -5.1% |
| Share Repurchases | $27.53 Million | -5.71% |
| Share Issuances | $34.00K | +0.01% |
| Other Comprehensive Income | $-1.18 Million | -0.24% |
| Other Changes | $-40.60 Million | -8.43% |
| Total Change | $- | -6.59% |
Book Value vs Market Value Analysis
This analysis compares Farmland Partners Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.38x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 143.05x to 1.38x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | $0.08 | $11.88 | x |
| 2013-12-31 | $-1.18 | $11.88 | x |
| 2014-12-31 | $15.56 | $11.88 | x |
| 2015-12-31 | $11.26 | $11.88 | x |
| 2016-12-31 | $12.26 | $11.88 | x |
| 2017-12-31 | $15.10 | $11.88 | x |
| 2018-12-31 | $13.63 | $11.88 | x |
| 2019-12-31 | $14.50 | $11.88 | x |
| 2020-12-31 | $14.63 | $11.88 | x |
| 2021-12-31 | $13.23 | $11.88 | x |
| 2022-12-31 | $11.40 | $11.88 | x |
| 2023-12-31 | $8.85 | $11.88 | x |
| 2024-12-31 | $8.61 | $11.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Farmland Partners Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 12.43%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 102.89%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.80x
- Recent ROE (12.43%) is below the historical average (16.21%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 175.89% | 27.62% | 0.06x | 110.73x | $553.02K |
| 2013 | 0.00% | 1.45% | 0.06x | 0.00x | $506.56K |
| 2014 | -0.86% | -13.47% | 0.02x | 3.03x | $-7.20 Million |
| 2015 | 1.13% | 8.92% | 0.04x | 3.18x | $-9.61 Million |
| 2016 | 2.66% | 13.88% | 0.05x | 4.05x | $-11.89 Million |
| 2017 | 1.69% | 17.12% | 0.04x | 2.49x | $-38.95 Million |
| 2018 | 2.80% | 21.86% | 0.05x | 2.60x | $-31.58 Million |
| 2019 | 3.17% | 25.92% | 0.05x | 2.52x | $-29.85 Million |
| 2020 | 1.66% | 14.04% | 0.05x | 2.54x | $-35.86 Million |
| 2021 | 2.18% | 19.31% | 0.05x | 2.45x | $-35.84 Million |
| 2022 | 2.01% | 19.07% | 0.05x | 2.00x | $-46.40 Million |
| 2023 | 5.99% | 53.79% | 0.06x | 1.98x | $-20.68 Million |
| 2024 | 12.43% | 102.89% | 0.07x | 1.80x | $11.72 Million |
Industry Comparison
This section compares Farmland Partners Inc's net assets metrics with peer companies in the REIT - Specialty industry.
Industry Context
- Industry: REIT - Specialty
- Average net assets among peers: $2,738,092,333
- Average return on equity (ROE) among peers: 8.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Farmland Partners Inc (FPI) | $558.40 Million | 175.89% | 0.32x | $467.19 Million |
| American Tower Corp (AMT) | $3.68 Billion | 17.30% | 2.82x | $86.22 Billion |
| Automotive Properties Real Estate Investment Trust (APPTF) | $663.40 Million | 10.85% | 0.79x | $198.09 Million |
| Crown Castle (CCI) | $11.57 Billion | 5.38% | 1.83x | $36.18 Billion |
| DIGITAL CORE REIT (DGTCF) | $1.28 Billion | 16.05% | 0.57x | $460.68 Million |
| Digital Realty Trust Inc (DLR) | $1.56 Billion | 4.33% | 1.10x | $55.29 Billion |
| EPR Properties (EPR) | $1.47 Billion | 0.55% | 0.83x | $4.20 Billion |
| Equinix Inc (EQIX) | $2.75 Billion | 6.84% | 2.77x | $92.84 Billion |
| Charter Hall Social Infrastructure REIT (FKKEF) | $1.43 Billion | 4.96% | 0.49x | $693.51 Million |
| Gaming & Leisure Properties (GLPI) | $236.33 Million | 9.70% | 0.13x | $12.86 Billion |