FPI Stock Recent News

Not all REITs are created equal. Some perform better when inflation is high. Others when it is low. We explain how you can build an "all weather" REIT portfolio.

Farmland Partners reports primarily in NAREIT defined FFO and GAAP accounting, which obscures the true value of the company. FPI's reported earnings have been underestimating its true earnings. FPI's assets, particularly farmland, have appreciated significantly, but this is not reflected in their reported earnings under current accounting standards.

Farmland Partners, Inc. (NYSE:FPI ) Q2 2023 Earnings Conference Call July 27, 2023 11:00 AM ET Company Participants Luca Fabbri - President, Chief Executive Officer & Director James Gilligan - Chief Financial Officer Christine Garrison - General Counsel Paul Pittman - Executive Chairman and Director Conference Call Participants Robert Stevenson - Janney Montgomery Scott Craig Kucera - B. Riley Securities Operator Good morning.

The headline numbers for Farmland Partners (FPI) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Farmland Partners (FPI) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of $0.01. This compares to FFO of $0.02 per share a year ago.

DENVER--(BUSINESS WIRE)--Farmland Partners Inc. (NYSE: FPI) (the “Company”) today announced it will release its financial results for the quarter ended June 30, 2023, after 5 p.m. (Eastern Time) on Wednesday, July 26, 2023, and will host a conference call the following day, Thursday, July 27, 2023, 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 1-888-660-6359 and using the conference ID 2818086.

Farmland Partners, a company that invests in and manages farms, enjoys many benefits such as low vacancy, low turnover, stable revenues and high quality assets. The company plans to increase productivity by using more technology, sustainability techniques, better tools and possibly AI. However, the stock is currently considered pricey, with a dividend yield of 1.84%, significantly lower than its historical average of 4%. The company sells for almost 20% premium over its book value and 50+ times its funds from operations.

One of the hottest "inflation hedges" during the pandemic, land REITs have fallen out-of-favor as rising rates and normalizing supply chains have created disinflationary - and even deflationary - headwinds for commodities. While services sector inflation remains sticky, goods-related inflation has fallen dramatically over the past nine months, with some inflation reports now showing goods deflation levels typically seen only in recessions.

Real estate is today heavily discounted in the public market. REITs are priced at cents on the dollar. I like a big discount and I am buying these names.

Farmland Partners (FPI) achieves impressive gains through strategic farmland sales and maximizes shareholder value.