XNYSFPI
Market cap549mUSD
Jan 10, Last price
11.41USD
1D
-3.06%
1Q
6.64%
Jan 2017
2.24%
IPO
-13.56%
Name
Farmland Partners Inc
Chart & Performance
Profile
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.
Valuation
Title USD in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY | FY | FY |
---|---|---|---|---|---|---|---|---|---|
2023‑12 | 2022‑12 | 2021‑12 | 2020‑12 | 2019‑12 | 2018‑12 | 2017‑12 | 2016‑12 | 2015‑12 | |
Income | |||||||||
Revenues | 57,466 -6.12% | 61,210 18.31% | |||||||
Cost of revenue | 25,967 | 29,035 | |||||||
Unusual Expense (Income) | |||||||||
NOPBT | 31,499 | 32,175 | |||||||
NOPBT Margin | 54.81% | 52.56% | |||||||
Operating Taxes | (166) | 227 | |||||||
Tax Rate | 0.71% | ||||||||
NOPAT | 31,665 | 31,948 | |||||||
Net income | 30,913 164.80% | 11,674 -292.99% | |||||||
Dividends | (15,483) | (14,636) | |||||||
Dividend yield | 2.13% | 2.31% | |||||||
Proceeds from repurchase of equity | (72,493) | 111,216 | |||||||
BB yield | 9.96% | -17.52% | |||||||
Debt | |||||||||
Debt current | 325 | ||||||||
Long-term debt | 361,657 | 437,525 | |||||||
Deferred revenue | 44 | ||||||||
Other long-term liabilities | 18,691 | ||||||||
Net debt | 352,032 | 426,011 | |||||||
Cash flow | |||||||||
Cash from operating activities | 12,887 | 17,051 | |||||||
CAPEX | (4,246) | ||||||||
Cash from investing activities | 158,461 | (60,398) | |||||||
Cash from financing activities | (173,513) | 20,830 | |||||||
FCF | 32,211 | 16,413 | |||||||
Balance | |||||||||
Cash | 5,489 | 7,654 | |||||||
Long term investments | 4,136 | 4,185 | |||||||
Excess cash | 6,752 | 8,778 | |||||||
Stockholders' equity | 50,866 | 56,868 | |||||||
Invested Capital | 985,316 | 1,149,688 | |||||||
ROIC | 2.97% | 2.88% | |||||||
ROCE | 3.18% | 2.82% | |||||||
EV | |||||||||
Common stock shares outstanding | 58,292 | 50,953 | |||||||
Price | 12.48 0.16% | 12.46 4.27% | |||||||
Market cap | 727,484 14.59% | 634,874 53.37% | |||||||
EV | 1,194,444 | 1,184,313 | |||||||
EBITDA | 38,998 | 39,135 | |||||||
EV/EBITDA | 30.63 | 30.26 | |||||||
Interest | 22,657 | 16,143 | |||||||
Interest/NOPBT | 71.93% | 50.17% |