Profile
Sector:
Real EstateIndustry:
SpecialtyCountry:
United StatesIPO:
11 April 2014Website:
http://www.farmlandpartners.comNext earnings report:
26 July 2024Last dividends:
01 July 2024Next dividends:
N/APrice
after hours | Fri, 05 Jul 2024 21:56:24 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
FPI Latest News
Investing in Real Estate Investment Trusts (REITs) is great if you're in search of dividends. Moreover, numerous REITs have shed value since the turn of the year, suggesting a buying opportunity has emerged.
Farmland Partners (FPI) was a big mover last session on higher-than-average trading volume. The latest trend in FFO estimate revisions might not help the stock continue moving higher in the near term.
Farmland Partners (FPI) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Farmland Partners, Inc. (NYSE:FPI) Q1 2024 Earnings Conference Call on May 1, 2024 at 11:00 AM ET with Luca Fabbri, Christine Garrison, Paul Pittman, and James Gilligan. Conference Call Participants include Scott Fortune, Robert Stevenson, and John Massocca from ROTH MKM, Janney, and B. Riley Securities. Operator thanks everyone for standing by.
While Farmland Partners' (FPI) revenue and EPS in the quarter ending March 2024 provide insight into its performance, it is important to also analyze how certain metrics stack up against Wall Street predictions and the previous year's figures.
Farmland Partners (FPI) reported quarterly funds from operations (FFO) of $0.06 per share, exceeding the Zacks Consensus Estimate of $0.02 per share. This is higher than the FFO of $0.03 per share reported in the same quarter last year.
Farmland Partners (FPI) has been upgraded to a Zacks Rank #1 (Strong Buy), indicating increasing confidence in the company's earnings potential. This could lead to a rise in the stock price in the short run.
FPI had an active 2023, with asset sales resulting in gains but total operating revenues dropping. The stock looks expensive on cash flow and AFFO multiples, but cheap relative to NAV. We tell you what we consider as better alternatives today.
The headline numbers for Farmland Partners (FPI) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Tips are provided on reducing taxes on investment income using REITs. REIT dividends are taxed differently than dividends from standard C-Corps, potentially resulting in lower taxes. Different REITs have varying dividend classifications, with some offering more tax-friendly options like return of capital dividends.
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What type of business is Farmland Partners?
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.
What sector is Farmland Partners in?
Farmland Partners is in the Real Estate sector
What industry is Farmland Partners in?
Farmland Partners is in the Specialty industry
What country is Farmland Partners from?
Farmland Partners is headquartered in United States
When did Farmland Partners go public?
Farmland Partners initial public offering (IPO) was on 11 April 2014
What is Farmland Partners website?
https://www.farmlandpartners.com
Is Farmland Partners in the S&P 500?
No, Farmland Partners is not included in the S&P 500 index
Is Farmland Partners in the NASDAQ 100?
No, Farmland Partners is not included in the NASDAQ 100 index
Is Farmland Partners in the Dow Jones?
No, Farmland Partners is not included in the Dow Jones index
When does Farmland Partners report earnings?
The next expected earnings date for Farmland Partners is 26 July 2024