Farmland Partners Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 1.20
Dividend & Yield0.24$ (2.25%)
Beta 0.8
Market capitalization 606.35M
Operating cash flow 17.05M
ESG Scores unknown

Company description

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 farmers secured by farm real estate. As of the date of this release, the Company owns approximately 155,000 acres in 16 states, including Alabama, Arkansas, California, Colorado, Florida, Georgia, Illinois, Kansas, Louisiana, Michigan, Mississippi, Nebraska, North Carolina, South Carolina, South Dakota and Virginia. We have approximately 26 crop types and over 100 tenants. The Company elected to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with the taxable year ended December 31, 2014.

Sector: Real Estate - Industry: REIT—Specialty

Financial Ratios
Quick Ratio2.23
Working Capital0.41
Return On Equity0.02
Debt To Equity1.12
Fixed Asset Ratio0
Fixed Interest Cover1.06

Financial data

Financial Statements

Cashflow Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Change To Liabilities -114k 138k -58k 56k
Total Cashflows From Investing Activities 31.05M 18.67M -18.77M -60.4M
Net Borrowings -11.38M -4.67M 5.2M -73.94M
Total Cash From Financing Activities -53.38M -23.74M 13.87M 20.83M
Change To Operating Activities 1.3M 2.43M -960k -37k
Issuance Of Stock 10M 10M 27.16M 121.37M
Net Income 13.89M 7.12M 9.99M 11.67M
Change In Cash -4.33M 14.66M 2.95M -22.52M
Effect Of Exchange Rate
Total Cash From Operating Activities 17.99M 19.73M 7.86M 17.05M
Depreciation 8.32M 7.97M 7.63M 6.96M
Change To Account Receivables 454k 1.26M -1.07M -2.45M
Other Cashflows From Financing Activities -3.94M -4.39M -4.94M -5.13M
Change To Netincome -4.91M 61k -6.34M 223k
Capital Expenditures -75k -75k -75k -75k

Income Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Research Development
Income Before Tax 14.85M 7.53M 10.26M 12.19M
Net Income 13.89M 7.12M 9.99M 11.67M
Selling General Administrative 10.07M 9.64M 18.36M 14.88M
Gross Profit 44.74M 39.95M 42.9M 47.11M
Ebit 26.34M 22.34M 16.89M 25.14M
Operating Income 26.34M 22.34M 16.89M 25.14M
Interest Expense -19.59M -17.68M -15.93M -16.14M
Income Tax Expense 227k
Total Revenue 53.56M 50.69M 51.76M 61.26M
Cost Of Revenue 8.82M 10.74M 8.86M 14.16M
Total Other Income ExpenseNet -11.49M -14.81M -6.63M -12.95M
Net Income From Continuing Ops 14.85M 7.53M 10.26M 11.96M
Net Income Applicable To Common Shares 1.32M -5.28M -5.83M 8.4M

Balance Sheet Statement 2019-12-31 2020-12-31 2021-12-31 2022-12-31
Total Liabilities 525.64M 524.8M 528.94M 455.94M
Total Stockholder Equity 294.5M 290.07M 458.31M 580.79M
Other Current Liabilities 1.59M 1.61M 2.34M 3.33M
Total Assets 1.1B 1.09B 1.12B 1.16B
Common Stock 292k 297k 444k 531k
Other Current Assets 3.44M 2.89M 3.98M 3.38M
Retained Earnings
Treasury Stock -44.18M -56.09M -66.31M -67.09M
Cash 12.56M 27.22M 30.17M 7.65M
Total Current Liabilities 14.16M 18.14M 17.46M 18.9M
Other Stockholder Equity -44.18M -56.09M -66.31M -67.09M
Property, Plant, and Equipment 1.07B 1.05B 1.07B 1.11B
Total Current Assets 23.59M 35.62M 42.19M 40.08M
Net Tangible Assets 294.5M 290.07M 453.69M 576.02M
Net Receivables 6.04M 4.4M 4.98M 24.16M
Accounts Payable


Insider Transactions

Here are the insider transactions of stock shares related to Farmland Partners Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
GOOD JOHN A.Purchase at price 10.63 per share.D2023-03-01Director9.3k
PITTMAN PAUL APurchase at price 10.51 - 10.54 per share.D/I2023-02-27Officer and Director10k
PITTMAN PAUL AStock Award(Grant) at price 0.00 per share.D2023-02-24Officer and Director95.2k
FABBRI LUCAStock Award(Grant) at price 0.00 per share.D2023-02-24Chief Executive Officer46.83k
GILLIGAN JAMESStock Award(Grant) at price 0.00 per share.D2023-02-24Chief Financial Officer23.65k
GARRISON CHRISTINE M.Stock Award(Grant) at price 0.00 per share.D2023-02-24General Counsel11.92k
DOWNEY CHRIS AStock Award(Grant) at price 12.69 per share.D2023-02-21Director4k
GLAUBER JOSEPH WStock Award(Grant) at price 12.69 per share.D2023-02-21Director4k
GOOD JOHN A.Stock Award(Grant) at price 12.69 per share.D2023-02-21Director4k
HENEGHAN THOMAS PStock Award(Grant) at price 12.69 per share.D2023-02-21Director4k
MOORE DANNY D.Stock Award(Grant) at price 12.69 per share.D2023-02-21Director4k
HENEGHAN THOMAS PStock Award(Grant) at price 12.51 per share.D2023-01-09Director799
MOORE DANNY D.Stock Award(Grant) at price 12.51 per share.D2023-01-09Director799
PITTMAN PAUL APurchase at price 12.35 per share.I2022-12-30Chief Executive Officer500
PITTMAN PAUL APurchase at price 12.54 per share.I2022-09-27Chief Executive Officer1k
FABBRI LUCAPurchase at price 12.94 per share.I2022-09-26President1k
HENEGHAN THOMAS PStock Award(Grant) at price 14.10 per share.D2022-09-23Director708
MOORE DANNY D.Stock Award(Grant) at price 14.10 per share.D2022-09-23Director708
PITTMAN PAUL APurchase at price 14.03 per share.I2022-09-20Chief Executive Officer1k
PITTMAN PAUL APurchase at price 14.29 per share.D2022-09-02Chief Executive Officer1k
PITTMAN PAUL APurchase at price 13.79 per share.D2022-06-30Chief Executive Officer500
HENEGHAN THOMAS PStock Award(Grant) at price 14.00 per share.D2022-06-23Director714
MOORE DANNY D.Stock Award(Grant) at price 14.00 per share.D2022-06-23Director714
PITTMAN PAUL APurchase at price 14.26 per share.D2022-05-18Chief Executive Officer1k
PITTMAN PAUL APurchase at price 13.44 per share.D2022-03-25Chief Executive Officer2k
HENEGHAN THOMAS PStock Award(Grant) at price 13.28 per share.D2022-03-24Director753
MOORE DANNY D.Stock Award(Grant) at price 13.28 per share.D2022-03-24Director705
PITTMAN PAUL AStock Award(Grant) at price 0.00 per share.D2022-03-03Chief Executive Officer63.29k
FABBRI LUCAStock Award(Grant) at price 0.00 per share.D2022-03-03President31.86k
GILLIGAN JAMESStock Award(Grant) at price 0.00 per share.D2022-03-03Chief Financial Officer11.25k
DOWNEY CHRIS AStock Award(Grant) at price 11.46 per share.D2022-02-22Director4k
GLAUBER JOSEPH WStock Award(Grant) at price 11.46 per share.D2022-02-22Director4k
GOOD JOHN A.Stock Award(Grant) at price 11.46 per share.D2022-02-22Director4k
HENEGHAN THOMAS PStock Award(Grant) at price 11.46 per share.D2022-02-22Director4k
OROURKE TOBY LStock Award(Grant) at price 11.46 per share.D2022-02-22Director4k
MOORE DANNY D.Stock Award(Grant) at price 11.46 per share.D2022-02-22Director4k
PITTMAN PAUL APurchase at price 11.99 per share.D2021-12-16Chief Executive Officer500
PITTMAN PAUL APurchase at price 11.75 per share.D2021-12-15Chief Executive Officer500
PITTMAN PAUL APurchase at price 11.63 per share.D2021-12-14Chief Executive Officer500
GOOD JOHN A.Purchase at price 11.70 - 11.71 per share.D2021-12-13Director475
PITTMAN PAUL APurchase at price 11.80 per share.D2021-12-10Chief Executive Officer500
PITTMAN PAUL APurchase at price 11.92 per share.D2021-12-08Chief Executive Officer500
PITTMAN PAUL APurchase at price 11.76 per share.D2021-12-07Chief Executive Officer500
WISE MURRAY RUSSELLStock Award(Grant) at price 0.00 per share.D/I2021-11-18Director162.43k
PITTMAN PAUL AStock Award(Grant) at price 0.00 per share.D2021-10-04Chief Executive Officer1.67k
FABBRI LUCAStock Award(Grant) at price 0.00 per share.D/I2021-10-04Chief Financial Officer2.92k
HENEGHAN THOMAS PStock Award(Grant) at price 0.00 per share.D2021-10-04Director6.82k
GOOD JOHN A.Purchase at price 12.10 per share.D2021-09-30Director5.83k
PITTMAN PAUL APurchase at price 12.56 per share.D2021-09-15Chief Executive Officer1k
PITTMAN PAUL APurchase at price 12.57 per share.D2021-09-14Chief Executive Officer1k
PITTMAN PAUL APurchase at price 12.64 per share.D2021-09-13Chief Executive Officer1k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Farmland Partners Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Farmland Partners Inc

Here is the result of two systematic investment strategies applied to Farmland Partners Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Farmland Partners Inc

The following chart shows the equity curve of the two systematic investment strategies applied to Farmland Partners Inc:

Farmland Partners Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 65.18% on the backtest period.

Performance at glance

Performance

65.18 %

Latent gain

1471.45 $

Invested capital

2257.39 $

Annualized return

15.74 %
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Momentum strategy results on Farmland Partners Inc

This is the result of two momentum investment strategies applied to Farmland Partners Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Farmland Partners Inc

The following chart shows all the entries opened by the momentum investment system on Farmland Partners Inc:

Farmland Partners Inc momentum entries
  • The first momentum investment strategy would give 80.8% of return on Farmland Partners Inc. That represents 4851.02$ of latent gain with 6003.48$ of employed capital.
  • The second momentum investment strategy would give 85.97% of return on Farmland Partners Inc. That represents 3435.7$ of latent gain with 3996.44$ of employed capital.
Performance at glance (1Q Momentum)

Performance

80.8 %

Latent gain

4851.02 $

Invested capital

6003.48 $

Annualized return

0.0 %
Performance at glance (2Q Momentum)

Performance

85.97 %

Latent gain

3435.7 $

Invested capital

3996.44 $

Annualized return

23.49 %

Momentum equity curve on Farmland Partners Inc

The following chart shows the equity curve of the two momentum strategies applied to Farmland Partners Inc:

Farmland Partners Inc momentum equity

Note: the dividends potentially given by Farmland Partners Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Farmland Partners Inc

The following chart shows the employed capital evolution of the two momentum strategies on Farmland Partners Inc since the beginning:

Farmland Partners Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Farmland Partners Inc

Buy the dip entry openings on Farmland Partners Inc

Farmland Partners Inc

The performance achieved by the robo-advisor on Farmland Partners Inc is 0%. That represents 0.0$ of latent gain with 0.0$ of employed capital. The following chart shows Farmland Partners Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Farmland Partners Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 $

Invested capital

0.0 $

Annualized return

0.0 %

Equity curve of the strategy applied to Farmland Partners Inc

The following chart shows the result of the investment strategy applied to Farmland Partners Inc:

Farmland Partners Inc

Note: the dividends potentially given by Farmland Partners Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Farmland Partners Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on Farmland Partners Inc:

Farmland Partners Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Farmland Partners Inc

In this section, I will compare the three previous investment strategies applied to Farmland Partners Inc.

Equity curve comparison on Farmland Partners Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Farmland Partners Inc investment strategy comparison

Employed capital comparison on Farmland Partners Inc

Farmland Partners Inc investment comparison

Performance comparison on Farmland Partners Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 65.18% 1471.45$ 2257.39$ 15.74%
Momentum 1 quarter 80.8% 4851.02$ 6003.48$ 20.72%
Momentum 2 quarters 85.97% 3435.7$ 3996.44$ 23.49%
Non-directional 0% 0.0$ 0.0$ 0.0%
Annualized return comparison

Automatic investment

15.74 %

Momentum 1Q

23.49 %

Momentum 2Q

23.49 %

Non-directional

0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Farmland Partners Inc:

Note: The algorithm computes the probability of correlation between Farmland Partners Inc and the other stocks. There may be false positives or some missing correlated stocks. If the price of Farmland Partners Inc does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name Farmland Partners Inc
Country United States
City Denver
Address 4600 South Syracuse Street
Phone 720-452-3100
Website www.farmlandpartners.com
FullTime employees 28
Industry REIT—Specialty
Sector Real Estate
Exchange XNYS
Ticker FPI
Market www.nyse.com

Farmland Partners Inc ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown