farmland partners inc. (nyse: fpi) 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. fpi was founded by farmers, and the management team has years of hands-on farm operations experience. one of fpi’s primary goals is to align with top quality operators in various parts of the united states in an effort to build a diverse portfolio of agricultural assets across the spectrum of crops. this diversification, combined with stable rental income generation and potential value appreciation, provides an attractive risk-adjusted return over time. as of march 28, 2016, the company's portfolio is comprised of 258 farms with an aggregate of 108,163 acres (including four farms totaling 8,511 acres under contract) in arkansas, colorado, georgia, illinois, kansas, louisiana, michigan, mississippi, nebraska, north carolina, south carolina, texas and virginia. this land is currently bei
Company profile
Ticker
FPI
Exchange
Website
CEO
Paul Pittman
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
Abraham (IL) LLC • AFC California LLC • AFC Florida LLC • AFC Illinois II LLC • AFC Illinois LLC • American Farmland Company, L.P. • Arnold (CA) LLC • Bartlett (CA) LLC • Booth (CA) LLC • Cottonwood Valley Land, LLC ...
FPI stock data
Latest filings (excl ownership)
ARS
2023 FY
Annual report to shareholders
15 Mar 24
DEFA14A
Additional proxy soliciting materials
15 Mar 24
DEF 14A
Definitive proxy
15 Mar 24
10-K
2023 FY
Annual report
29 Feb 24
8-K
Other Events
28 Feb 24
8-K
Farmland Partners Inc. Reports Full Year 2023 Results
28 Feb 24
8-K
Departure of Directors or Certain Officers
29 Dec 23
10-Q
2023 Q3
Quarterly report
26 Oct 23
8-K
Farmland Partners Inc. Reports Third Quarter 2023 Results
25 Oct 23
10-Q
2023 Q2
Quarterly report
27 Jul 23
Transcripts
FPI
Earnings call transcript
2023 Q4
29 Feb 24
FPI
Earnings call transcript
2023 Q3
26 Oct 23
FPI
Earnings call transcript
2023 Q2
27 Jul 23
FPI
Earnings call transcript
2023 Q1
4 May 23
FPI
Earnings call transcript
2022 Q4
23 Feb 23
FPI
Earnings call transcript
2022 Q3
25 Oct 22
FPI
Earnings call transcript
2022 Q2
27 Jul 22
FPI
Earnings call transcript
2022 Q1
4 May 22
FPI
Earnings call transcript
2021 Q4
23 Feb 22
FPI
Earnings call transcript
2021 Q3
28 Oct 21
Financial summary
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Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 6.06 mm | 6.06 mm | 6.06 mm | 6.06 mm | 6.06 mm | 6.06 mm |
Cash burn (monthly) | 1.72 mm | 234.33 k | (no burn) | (no burn) | 1.22 mm | (no burn) |
Cash used (since last report) | 11.52 mm | 1.57 mm | n/a | n/a | 8.16 mm | n/a |
Cash remaining | -5.46 mm | 4.49 mm | n/a | n/a | -2.10 mm | n/a |
Runway (months of cash) | -3.2 | 19.2 | n/a | n/a | -1.7 | n/a |
Institutional ownership, Q3 2023
53.1% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 168 |
Opened positions | 17 |
Closed positions | 14 |
Increased positions | 50 |
Reduced positions | 61 |
13F shares | Current |
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Total value | 260.29 bn |
Total shares | 25.55 mm |
Total puts | 135.00 k |
Total calls | 281.60 k |
Total put/call ratio | 0.5 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 3.63 mm | $37.25 bn |
Global Alpha Capital Management | 3.02 mm | $30.98 bn |
Vanguard | 2.47 mm | $25.32 bn |
Massachusetts Financial Services | 2.34 mm | $23.97 bn |
Uniplan Investment Counsel | 1.39 mm | $14.32 bn |
STT State Street | 1.10 mm | $11.36 bn |
Geode Capital Management | 983.77 k | $10.09 bn |
Heartland Advisors | 625.20 k | $6.43 bn |
DB Deutsche Bank AG - Registered Shares | 624.22 k | $6.40 bn |
NTRS Northern Trust | 475.18 k | $4.88 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
22 Mar 24 | Fabbri Luca | Common Stock | Payment of exercise | Dispose F | No | No | 10.87 | 2,653 | 28.84 k | 320,344 |
21 Mar 24 | Danny D. Moore | Common Stock | Grant | Acquire A | No | No | 11.03 | 963 | 10.62 k | 15,707 |
21 Mar 24 | Thomas Heneghan | Common Stock | Grant | Acquire A | No | No | 11.03 | 906 | 9.99 k | 32,433 |
21 Mar 24 | Chris A Downey | Common Stock | Grant | Acquire A | No | No | 11.03 | 1,189 | 13.11 k | 28,009 |
4 Mar 24 | Christine M. Garrison | Common Stock | Grant | Acquire A | No | No | 0 | 9,308 | 0.00 | 25,253 |
4 Mar 24 | Christine M. Garrison | Performance Stock Units Common Stock | Grant | Acquire A | No | No | 0 | 1,329 | 0.00 | 1,329 |
4 Mar 24 | Christine M. Garrison | Performance Stock Units Common Stock | Grant | Acquire A | No | No | 0 | 1,329 | 0.00 | 1,329 |