FPIFarmland Partners Inc.
Real Estate Investment Trusts
- Revenue
- $52M
- 10% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $231M net debt
- AI in 10-K
- —
Red flags 2 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashFired55% of net incomeCash flow under 80% of net income
- Dilutive SBCClear4% of revenueOver 10% of revenue
- Payouts exceed cash flowFired583% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear0% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $52M | $61M | $57M | $58M | $52M | 10% |
| Operating income | $17M | $25M | — | — | — | |
| Net income | $10M | $12M | $31M | $60M | $32M | 47% |
| Operating cash flow | $8M | $17M | $13M | $16M | $17M | 8.0% |
| Stock-based comp | $1M | $2M | $2M | $2M | $2M | 8.1% |
| Buybacks | — | — | $72M | $28M | $38M | 37% |
| Dividends | $6M | $11M | $12M | $22M | $64M | 195% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
No pay-versus-performance disclosure yet.