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Deutsche Bank AG purchased a new stake in shares of Farmland Partners Inc. (NYSE:FPI – Free Report) in the second quarter, according to its most recent filing with the SEC. The firm purchased 940,234 shares of the financial services provider’s stock, valued at approximately $9,101,000. Deutsche Bank AG owned 2.15% of Farmland Partners at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Farmland Partners in the 2nd quarter worth approximately $291,000. Bank of New York Mellon Corp acquired a new position in Farmland Partners during the second quarter worth $2,663,000. GSA Capital Partners LLP purchased a new stake in Farmland Partners during the second quarter worth $1,316,000. Quantinno Capital Management LP boosted its position in Farmland Partners by 81.4% during the first quarter. Quantinno Capital Management LP now owns 74,689 shares of the financial services provider’s stock worth $839,000 after purchasing an additional 33,524 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its holdings in Farmland Partners by 227.8% in the first quarter. Public Employees Retirement System of Ohio now owns 44,346 shares of the financial services provider’s stock valued at $498,000 after purchasing an additional 30,819 shares during the last quarter. Hedge funds and other institutional investors own 58.00% of the company’s stock.

Farmland Partners Trading Up 0.1% NYSE:FPI opened at $10.17 on Monday. Farmland Partners Inc. has a 12-month low of $9.21 and a 12-month high of $13.23. The firm has a market cap of $443.72 million, a price-to-earnings ratio of 19.94 and a beta of 0.67. The company’s 50-day moving average is $9.72 and its two-hundred day moving average is $10.77.

Farmland Partners (NYSE:FPI – Get Free Report) last issued its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.05. The business had revenue of $9.40 million during the quarter, compared to the consensus estimate of $5.64 million. Farmland Partners had a net margin of 49.85% and a return on equity of 5.54%. Farmland Partners has set its FY 2026 guidance at 0.310-0.350 EPS. On average, equities research analysts forecast that Farmland Partners Inc. will post 0.26 earnings per share for the current fiscal year. Farmland Partners Announces Dividend The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Thursday, October 1st will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, October 1st. This represents a $0.36 dividend on an annualized basis and a yield of 3.5%. Farmland Partners’s dividend payout ratio (DPR) is 70.59%.

Wall Street Analyst Weigh In A number of research analysts have recently weighed in on FPI shares. Weiss Ratings upgraded Farmland Partners from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Zacks Research lowered shares of Farmland Partners from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. Four research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

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Farmland Partners Profile (Free Report)

Farmland Partners Inc is a real estate investment trust (REIT) that acquires and manages high-quality farmland in the United States. The company’s primary business activity is the ownership of agricultural land, which it leases to farmers under various rental arrangements designed to generate stable cash rents and long-term capital appreciation. By focusing on farmland as a real asset, the company seeks to benefit from rising global demand for food, fiber and renewable fuels.

Founded in 2013 and headquartered in Scottsdale, Arizona, Farmland Partners completed its initial public offering in June 2017 and began trading on the New York Stock Exchange under the ticker FPI.

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How to invest in farmland: 7 simple waysFarmland Partners NYSE: FPI reported higher adjusted funds from operations per share in the second quarter of 2026 and modestly raised the low end of its full-year AFFO outlook, while management said it continues to evaluate non-core asset sales and remains cautious about agricultural lease renewals amid pressure on farm-sector finances.

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Executive Chairman Paul Pittman characterized the period as “a pretty good quarter” and “a very mundane quarter,” saying portfolio operations performed largely as expected without significant surprises.

For the three months ended June 30, net income available to common stockholders was $3.1 million, or $0.07 per share, compared with $7.8 million, or $0.15 per share, a year earlier. AFFO rose to $1.7 million, or $0.04 per weighted-average share, from $1.3 million, or $0.03 per share, in the prior-year quarter.

For the first six months of 2026, net income available to common shareholders totaled $3.8 million, or $0.08 per share, versus $9.9 million, or $0.18 per share, in the comparable 2025 period. AFFO increased to $3.8 million, or $0.09 per weighted-average share, from $3.6 million, or $0.08 per share.

Revenue Mix and Expense Changes CFO Susan Landi said revenue benefited from higher interest income tied to higher average balances in the FPI loan program and financing receivables, increased amortization of points, and higher oil and gas royalty proceeds.

Those gains were partly offset by lower rental income following property dispositions in the prior year. Operating expenses declined year over year, reflecting the impact of prior asset sales as well as reductions in general and administrative costs, legal fees and property impairment charges. The company also recorded a higher provision for credit losses related to FPI loan program receivables.

Landi said the decline in net income and earnings per share was driven primarily by lower gains on asset dispositions, as the company completed fewer property sales during 2026 than it did in the prior year.

During the quarter, Farmland Partners sold an Illinois farm to a solar developer. President and CEO Luca Fabbri said the buyer placed greater value on the property because of its solar-development potential than its agricultural value, enabling the company to recognize a strong gain. Landi said the property disposition produced a $3.6 million gain.

Updated 2026 Outlook Farmland Partners raised the lower end of its 2026 AFFO forecast. The company now expects AFFO of $13.5 million to $15.3 million, or $0.31 to $0.35 per share. The low end increased from the company’s prior outlook, while the high end was unchanged.

The revised outlook includes higher expectations for variable lease payments. Fabbri said the improvement was primarily tied to almonds, where visibility into yields and pricing improved as the year progressed.

Management also cited higher credit-loss provisions on loans receivable and increased impairment associated with updated market valuations for a West Coast property. The $3.6 million gain on the Illinois property sale partly offset those costs.

Direct operating income expectations for citrus and avocado properties were somewhat softer, according to Landi, reflecting a weaker citrus market and lower yields caused in part by California weather events.

Loan Reserves and Capital Position Pittman said the company is gradually building reserves against potential credit losses even though management believes it will ultimately collect all outstanding loans. He described the FPI loan program as a higher-risk business that lends to borrowers in distress, often at interest rates of 15% to 20%.

The loan program totaled slightly more than $60 million, Pittman said. The bulk of the current reserve build relates to the same borrower the company has previously discussed. He said the company’s concern is that a distressed borrower could lose control of its situation through bankruptcy or another process, which could make collections more complicated despite Farmland Partners’ collateral position.

“So far in our loan program, we’ve been doing this now a dozen years, we haven’t had anybody not pay us,” Pittman said.

At the end of the second quarter, Farmland Partners had approximately $122 million of undrawn capacity on its credit lines. The company repaid $8 million during the quarter and made no new borrowings. One MetLife loan reset during the period and another was extended for a year, reducing the average rate on those loans to 5.25% from 5.64%.

Pittman said the company could use borrowing to support a disciplined share repurchase program when management considers the stock price sufficiently attractive. However, he said the company generally expects to sell assets to replenish capital over time rather than maintain a negative spread between borrowing costs in the mid-5% range and the stock’s dividend yield.

Leasing and California Strategy Management said it has not yet aggressively pursued lease renewals for the coming year, citing less-than-ideal financial conditions among tenants. Fabbri said the company has strong tenants and does not expect a materially new problem, but it is waiting for potentially better agricultural-market conditions before accelerating the renewal cycle.

Pittman said the company expects leasing conditions to resemble last year, with rents generally flat or modestly higher. Many leases contain cost-of-living adjustment provisions that can provide increases over time even if rents are not raised materially in renewal negotiations.

The company is continuing to evaluate dispositions of non-core assets, particularly in California. Pittman said California agricultural transaction markets remain challenged, although conditions may be less difficult than they were six months earlier. He cited reduced water availability, state policy and rising farm-labor costs as pressures on California specialty-crop agriculture.

Farmland Partners remains “long-term bearish” on California, Pittman said, and intends to gradually reduce its exposure there. Proceeds could be used for stock repurchases or reinvestment in the company’s core Midwestern markets.

About Farmland Partners (NYSE:FPI)Farmland Partners Inc is a real estate investment trust (REIT) that acquires and manages high-quality farmland in the United States. The company's primary business activity is the ownership of agricultural land, which it leases to farmers under various rental arrangements designed to generate stable cash rents and long-term capital appreciation. By focusing on farmland as a real asset, the company seeks to benefit from rising global demand for food, fiber and renewable fuels.

Founded in 2013 and headquartered in Scottsdale, Arizona, Farmland Partners completed its initial public offering in June 2017 and began trading on the New York Stock Exchange under the ticker FPI.

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Farmland Partners (FPI - Free Report) came out with quarterly funds from operations (FFO) of $0.04 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to FFO of $0.03 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an FFO surprise of +33.33%. A quarter ago, it was expected that this real estate investment trust specializing in farmland would post FFO of $0.04 per share when it actually produced FFO of $0.05, delivering a surprise of +25%.

Over the last four quarters, the company has surpassed consensus FFO estimates four times.

Farmland Partners, which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $9.4 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 3.04%. This compares to year-ago revenues of $9.96 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.

Farmland Partners shares have lost about 1.4% since the beginning of the year versus the S&P 500's gain of 8.5%.

What's Next for Farmland Partners?While Farmland Partners has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Farmland Partners was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus FFO estimate is $0.05 on $9.8 million in revenues for the coming quarter and $0.31 on $44.69 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the top 25% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, Apple Hospitality REIT (APLE - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 5.

This hotel-owning real estate investment trust is expected to post quarterly earnings of $0.50 per share in its upcoming report, which represents a year-over-year change of +6.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Apple Hospitality REIT's revenues are expected to be $398.5 million, up 3.7% from the year-ago quarter.

DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company”) today announced it will release its financial results for the quarter ended June 30, 2026, after 5 p.m. (Eastern Time) on Wednesday, July 29, 2026, and will host a conference call the following day, Thursday, July 30, 2026, at 11:00 a.m. (Eastern Time) to discuss the financial results and provide a company update. The call can be accessed live over the phone by dialing 1-833-461-5787 and using the conference ID 62407914.

After a solid January performance, the REIT sector recovery gained steam in February with a stronger +3.70% return. Large cap REITs (+5.80%) led the REIT sector in February with strong gains from mid caps (+5.26%) and small caps (+4.94%). Micro caps (-6.12%) badly underperformed again in February. 71.71% of REIT securities had a positive total return in February.

Posted by Defense World Staff on Apr 10th, 2026

Accordant Advisory Group Inc grew its holdings in shares of Farmland Partners Inc. (NYSE:FPI – Free Report) by 14.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,337,831 shares of the financial services provider’s stock after purchasing an additional 171,813 shares during the quarter. Farmland Partners comprises about 8.9% of Accordant Advisory Group Inc’s investment portfolio, making the stock its biggest position. Accordant Advisory Group Inc owned approximately 3.10% of Farmland Partners worth $12,964,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Advisory Services Network LLC bought a new position in shares of Farmland Partners during the 3rd quarter valued at $29,000. Oakworth Capital Inc. bought a new position in shares of Farmland Partners during the 3rd quarter valued at $34,000. Tower Research Capital LLC TRC raised its holdings in Farmland Partners by 218.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,209 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 2,886 shares during the period. Harbor Capital Advisors Inc. raised its holdings in Farmland Partners by 245.3% in the 4th quarter. Harbor Capital Advisors Inc. now owns 5,111 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 3,631 shares during the period. Finally, Strs Ohio bought a new position in Farmland Partners in the 1st quarter worth $96,000. Institutional investors own 58.00% of the company’s stock.

Farmland Partners Stock Performance NYSE:FPI opened at $11.74 on Friday. The firm’s 50-day moving average is $11.85 and its 200-day moving average is $10.76. Farmland Partners Inc. has a 52-week low of $9.36 and a 52-week high of $13.23. The company has a market cap of $511.99 million, a price-to-earnings ratio of 19.56 and a beta of 0.83.

Farmland Partners (NYSE:FPI – Get Free Report) last posted its quarterly earnings data on Wednesday, February 18th. The financial services provider reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.23. Farmland Partners had a net margin of 60.46% and a return on equity of 6.67%. The company had revenue of $20.72 million for the quarter, compared to the consensus estimate of $17.14 million. Farmland Partners has set its FY 2026 guidance at 0.330-0.370 EPS. Equities analysts predict that Farmland Partners Inc. will post 0.13 EPS for the current year.

Farmland Partners Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 1st will be given a dividend of $0.09 per share. This is an increase from Farmland Partners’s previous quarterly dividend of $0.06. The ex-dividend date is Wednesday, April 1st. This represents a $0.36 annualized dividend and a dividend yield of 3.1%. Farmland Partners’s dividend payout ratio (DPR) is presently 60.00%.

Analyst Upgrades and Downgrades Several brokerages recently commented on FPI. Zacks Research upgraded shares of Farmland Partners from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 2nd. Weiss Ratings reiterated a “hold (c-)” rating on shares of Farmland Partners in a report on Monday, December 29th. Wall Street Zen downgraded shares of Farmland Partners from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Raymond James Financial reiterated a “market perform” rating on shares of Farmland Partners in a report on Thursday, March 12th. Finally, B. Riley Financial reiterated a “neutral” rating on shares of Farmland Partners in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Get Our Latest Report on FPI

Farmland Partners Profile (Free Report)

Farmland Partners Inc is a real estate investment trust (REIT) that acquires and manages high-quality farmland in the United States. The company’s primary business activity is the ownership of agricultural land, which it leases to farmers under various rental arrangements designed to generate stable cash rents and long-term capital appreciation. By focusing on farmland as a real asset, the company seeks to benefit from rising global demand for food, fiber and renewable fuels.

Founded in 2013 and headquartered in Scottsdale, Arizona, Farmland Partners completed its initial public offering in June 2017 and began trading on the New York Stock Exchange under the ticker FPI.

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DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (“FPI” or the “Company”) today reported financial results for the quarter ended March 31, 2026. Selected Highlights For the quarter ended March 31, 2026, the Company: recorded net income of $0.6 million, or $0.01 per share available to common stockholders, compared to $2.1 million, or $0.03 per share available to common stockholders for the same period in 2025; recorded AFFO of $2.1 million, or $0.05 per share, compared to $2.3 million.

Farmland Partners Inc. (FPI) Q1 2026 Earnings Call Transcript