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Farmland Partners (FPI)

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 31 March 2021, the Company owns approximately 150,000 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. The company has 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.

Company profile

Ticker
FPI
Exchange
CEO
Paul Pittman
Employees
Incorporated
Location
Fiscal year end
SEC CIK
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

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

28 Jul 22
25 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
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) 19.7M 19.7M 19.7M 19.7M 19.7M 19.7M
Cash burn (monthly) (no burn) 1.71M (no burn) (no burn) 623.67K (no burn)
Cash used (since last report) n/a 4.85M n/a n/a 1.77M n/a
Cash remaining n/a 14.85M n/a n/a 17.92M n/a
Runway (months of cash) n/a 8.7 n/a n/a 28.7 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
20 Sep 22 Pittman Paul A Common Stock Buy Acquire P Yes No 14.03 1,000 14.03K 1,259,000
2 Sep 22 Pittman Paul A Common Stock Buy Acquire P No No 14.29 1,000 14.29K 1,099,807
30 Jun 22 Pittman Paul A Common Stock Buy Acquire P No No 13.79 500 6.9K 1,098,807
23 Jun 22 Danny D. Moore Common Stock Grant Acquire A No No 14 714 10K 5,419
6.8% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 165 150 +10.0%
Opened positions 36 26 +38.5%
Closed positions 21 23 -8.7%
Increased positions 70 53 +32.1%
Reduced positions 35 45 -22.2%
13F shares Current Prev Q Change
Total value 709.78M 295.74M +140.0%
Total shares 22.96M 20.6M +11.4%
Total puts 110.8K 185K -40.1%
Total calls 187.3K 145.1K +29.1%
Total put/call ratio 0.6 1.3 -53.6%
Largest owners Shares Value Change
BLK Blackrock 2.96M $40.85M +47.1%
Global Alpha Capital Management 2.88M $39.68M -9.0%
Vanguard 2.01M $27.7M +20.8%
Millennium Management 1.01M $13.91M +63.8%
STT State Street 824.47K $11.43M +48.3%
Two Sigma Investments 721.87K $9.96M +20.4%
Geode Capital Management 698.3K $9.64M +28.4%
Uniplan Investment Counsel 646.35K $8.92M +10.7%
DB Deutsche Bank AG - Registered Shares 621.65K $8.58M -6.6%
Two Sigma Advisers 584.75K $8.07M +10.8%
Largest transactions Shares Bought/sold Change
BLK Blackrock 2.96M +947.63K +47.1%
FMR 346.14K -816.63K -70.2%
Balyasny Asset Management 0 -500.66K EXIT
AMP Ameriprise Financial 56.46K -405.67K -87.8%
Millennium Management 1.01M +392.73K +63.8%
Vanguard 2.01M +345.24K +20.8%
ArrowMark Colorado 325K +325K NEW
Global Alpha Capital Management 2.88M -284.8K -9.0%
STT State Street 824.47K +268.48K +48.3%
D. E. Shaw & Co. 517.87K +260.3K +101.1%

Financial report summary

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Competition
Gladstone Land

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
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