Farmland Partners Inc (FPI) - Net Assets
Based on the latest financial reports, Farmland Partners Inc (FPI) has net assets worth $537.97 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($719.07 Million) and total liabilities ($181.09 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. Check Farmland Partners Inc liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $537.97 Million |
| % of Total Assets | 74.82% |
| Annual Growth Rate | 76.51% |
| 5-Year Change | -9.22% |
| 10-Year Change | 149.53% |
| Growth Volatility | 430.87 |
Farmland Partners Inc - Net Assets Trend (2012–2025)
This chart illustrates how Farmland Partners Inc's net assets have evolved over time, based on quarterly financial data. Also explore FPI total asset value for the complete picture of this company's asset base.
Annual Net Assets for Farmland Partners Inc (2012–2025)
The table below shows the annual net assets of Farmland Partners Inc from 2012 to 2025. For live valuation and market cap data, see FPI stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $537.97 Million | -9.82% |
| 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 6232700000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $431.00K | 0.09% |
| Other Components | $521.25 Million | 113.47% |
| Total Equity | $459.35 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 |
|---|---|
|
Wuhu Fuchun Dye and Weave Co.Ltd.
SHG:605189
|
$466.04 Million |
|
Iljin HySolus Co Ltd
KO:271940
|
$466.09 Million |
|
Ion Beam Applications SA
BR:IBAB
|
$466.24 Million |
|
San Fu Chemical Co Ltd
TW:4755
|
$466.40 Million |
|
Doubleview Gold Corp
V:DBG
|
$465.96 Million |
|
EUROKAI GmbH & Co. KGaA
F:EUK3
|
$465.87 Million |
|
Aydem Yenilenebilir Enerji AS
IS:AYDEM
|
$465.81 Million |
|
Dongbu Steel Co Ltd
KO:016380
|
$465.67 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 2024 to 2025, total equity changed from 481,911,000 to 459,353,000, a change of -22,558,000 (-4.7%).
- Net income of 31,545,000 contributed positively to equity growth.
- Dividend payments of 63,744,000 reduced retained earnings.
- Share repurchases of 38,140,000 reduced equity.
- Other comprehensive income decreased equity by 1,512,000.
- Other factors increased equity by 49,293,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $31.55 Million | +6.87% |
| Dividends Paid | $63.74 Million | -13.88% |
| Share Repurchases | $38.14 Million | -8.3% |
| Other Comprehensive Income | $-1.51 Million | -0.33% |
| Other Changes | $49.29 Million | +10.73% |
| Total Change | $- | -4.68% |
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: 1.19x
- 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 128.60x to 1.19x 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 | $10.68 | x |
| 2013-12-31 | $-1.18 | $10.68 | x |
| 2014-12-31 | $15.56 | $10.68 | x |
| 2015-12-31 | $14.39 | $10.68 | x |
| 2016-12-31 | $16.33 | $10.68 | x |
| 2017-12-31 | $20.48 | $10.68 | x |
| 2018-12-31 | $18.77 | $10.68 | x |
| 2019-12-31 | $15.13 | $10.68 | x |
| 2020-12-31 | $15.17 | $10.68 | x |
| 2021-12-31 | $13.23 | $10.68 | x |
| 2022-12-31 | $11.40 | $10.68 | x |
| 2023-12-31 | $8.85 | $10.68 | x |
| 2024-12-31 | $8.61 | $10.68 | x |
| 2025-12-31 | $8.96 | $10.68 | 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): 6.87%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 60.46%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.57x
- Recent ROE (6.87%) is below the historical average (15.38%), 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 | 0.89% | 8.92% | 0.04x | 2.49x | $-12.63 Million |
| 2016 | 2.00% | 13.88% | 0.05x | 3.04x | $-17.26 Million |
| 2017 | 1.24% | 17.12% | 0.04x | 1.83x | $-55.65 Million |
| 2018 | 2.03% | 21.86% | 0.05x | 1.89x | $-48.10 Million |
| 2019 | 3.04% | 25.92% | 0.05x | 2.42x | $-31.75 Million |
| 2020 | 1.60% | 14.04% | 0.05x | 2.45x | $-37.45 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 |
| 2025 | 6.87% | 60.46% | 0.07x | 1.57x | $-14.39 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: $1,683,885,635
- Average return on equity (ROE) among peers: 8.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Farmland Partners Inc (FPI) | $537.97 Million | 175.89% | 0.34x | $465.96 Million |
| American Tower Corp (AMT) | $4.78 Billion | 35.36% | 8.88x | $84.34 Billion |
| Crown Castle (CCI) | $-1.64 Billion | 0.00% | 0.00x | $36.18 Billion |
| Digital Realty Trust Inc (DLR) | $2.58 Billion | 6.06% | 1.36x | $55.29 Billion |
| EPR Properties (EPR) | $2.45 Billion | 7.05% | 1.32x | $4.29 Billion |
| Equinix Inc (EQIX) | $288.67 Million | -14.76% | 1.36x | $92.84 Billion |
| Gaming & Leisure Properties (GLPI) | $4.51 Billion | 16.28% | 1.62x | $12.97 Billion |
| Iron Mountain Incorporated (IRM) | $967.49 Million | -2.88% | 1.75x | $29.90 Billion |
| Lamar Advertising Company (LAMR) | $1.13 Billion | 26.97% | 3.02x | $12.28 Billion |
| Gladstone Land Corporation (LAND) | $78.01 Million | 0.73% | 1.95x | $410.82 Million |
About 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 December 31, 2025, the Company owned and/or managed approximately 71,600 acres of farmland in 11 states,… Read more