FPI on NYSE

Farmland Partners Inc.

American real estate investment trust based in Denver, incorporated in Maryland. Summary from the record

Price unavailable

Last updated Oct 19, 2026.

Overview

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  • TickerFPI on NYSE2
  • IndustryReal Estate Investment Trusts2
  • HeadquartersDenver, United States2
  • Incorporated inMD3
  • Business address4600 S. Syracuse Street, Suite 1450, Denver, Co 802373
  • Filer categoryNon-accelerated filer, Smaller reporting company3
  • Legal formStock Corporation2
  • LEI549300LB188CHPZ4IL372
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressc/o COGENCY GLOBAL INC., 1519 YORK ROAD, 21093 Lutherville, United States2
  • Registered withBusiness Services (Maryland Department of Assessments and Taxation), D154741742

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We make statements in this Annual Report on Form 10-K that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (set forth in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)). These forward-looking statements include, without limitation, statements concerning pending acquisitions and dispositions, projections, predictions, expectations, estimates or forecasts as to our business, financial and operational results, future stock repurchases and other transactions affecting our capitalization, our dividend policy, future economic performance, crop yields and prices and future rental rates for our properties, ongoing litigation, as well as statements of management’s goals and objectives and other similar expressions concerni…4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

60.5%Net margin5
-10.4%Revenue growth, 20255
6.7%Return on equity5
0.35×Debt to equity5

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs40¢$20.6M
  • Income tax0¢$15.0K
  • Profit60¢$31.5M

Out of $52.2M in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid63¢$63.7M
  • Share buybacks37¢$37.8M

Out of $17.4M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.5

Financial statements

Revenue6789105$52.2M in 2025−3% since 2019
0$20.0M$40.0M$60.0M$80.0M2019: $53.6M$53.6M20192020: $50.7M$50.7M2020−5%2021: $51.7M$51.7M2021+2%2022: $61.2M$61.2M2022+18%2023: $57.5M$57.5M2023−6%2024: $58.2M$58.2M2024+1%2025: $52.2M$52.2M2025−10%
Operating income678$25.0M in 2022−5% since 2019
0$10.0M$20.0M$30.0M2019: $26.3M$26.3M20192020: $22.3M$22.3M2020−15%2021: $16.8M$16.8M2021−25%2022: $25.0M$25.0M2022+49%
Net income6789105$31.5M in 2025+127% since 2019
0$20.0M$40.0M$60.0M2019: $13.9M$13.9M20192020: $7.1M$7.1M2020−49%2021: $10.0M$10.0M2021+40%2022: $11.7M$11.7M2022+17%2023: $30.9M$30.9M2023+165%2024: $59.9M$59.9M2024+94%2025: $31.5M$31.5M2025−47%
Fiscal year2019202020212022202320242025
Revenue$53.6M6$50.7M7$51.7M8$61.2M9$57.5M10$58.2M5$52.2M5
Operating expenses$34.9M8$36.2M9$39.5M10$33.5M5$46.9M5
Operating income$26.3M6$22.3M7$16.8M8$25.0M8
Interest$19.6M6$17.7M7$15.9M8$16.1M9$22.7M9
Income before tax$10.3M8$12.2M9$31.5M10$61.4M5$32.2M5
Income tax$06$07$08$227.0K9-$166.0K10-$16.0K5-$15.0K5
Net income$13.9M6$7.1M7$10.0M8$11.7M9$30.9M10$59.9M5$31.5M5
Earnings per share$0.046-$0.187-$0.178$0.169$0.5510$1.195$0.655
Earnings per share (diluted)$0.046-$0.187-$0.178$0.169$0.5310$1.065$0.615
Shares (weighted, basic)34.6M shares851.0M shares950.2M shares1047.5M shares544.2M shares5
Shares (weighted, diluted)34.6M shares851.0M shares958.3M shares1056.0M shares551.3M shares5

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Leadership

Who has led Farmland Partners Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Paul A. Pittman2014–2023
  2. Luca Fabbri2023–now

Chair

  1. Paul A. Pittman2017–now

President

  1. Paul A. Pittman2014–2017
  2. Robert L. Cowan2017
  3. Luca Fabbri2022–now

Chief financial officer

  1. Luca Fabbri2014–2021
  2. Susan M. Landi2024–now
201520202025
Board members and other officers (20)

Timeline

  1. Feb 28, 2023New chief executive Luca Fabbri becomes CEO14
  2. Apr 10, 2014New chief executive Paul A. Pittman becomes CEO15
  3. Sep 27, 2013Founded Farmland Partners Inc. is founded2

Filings

240 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 47 major events, 128 insider forms, 18 large holders, 27 other. The latest 20:

  1. Jul 30, 202610-Q EDGAR
  2. Jul 29, 20268-K EDGAR
  3. Jun 26, 20264 OWNERSHIP DOCUMENT EDGAR
  4. Apr 30, 20264 OWNERSHIP DOCUMENT EDGAR
  5. Apr 30, 20264 OWNERSHIP DOCUMENT EDGAR
  6. Apr 30, 20264 OWNERSHIP DOCUMENT EDGAR
  7. Apr 30, 20268-K EDGAR
  8. Apr 30, 202610-Q EDGAR
  9. Apr 29, 20268-K EDGAR
  10. Mar 26, 2026SCHEDULE 13G/A EDGAR
  11. Mar 17, 2026ARS EDGAR
  12. Mar 17, 2026DEFA14A EDGAR
  13. Mar 17, 2026DEF 14A EDGAR
  14. Mar 5, 20264 OWNERSHIP DOCUMENT EDGAR
  15. Mar 5, 20264 OWNERSHIP DOCUMENT EDGAR
  16. Mar 5, 20264 OWNERSHIP DOCUMENT EDGAR
  17. Feb 26, 20264 OWNERSHIP DOCUMENT EDGAR
  18. Feb 26, 20264 OWNERSHIP DOCUMENT EDGAR
  19. Feb 26, 20264 OWNERSHIP DOCUMENT EDGAR
  20. Feb 25, 20264/A OWNERSHIP DOCUMENT EDGAR

The 240 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

35 open-market trades by officers, directors and large owners since October 2021: 34 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 25, 2026Sherrick Bruce JDirectorBuy2,000$9.65$19.3KForm 4
Feb 24, 2026Grafton Jennifer SDirectorSale1,600$12.36$19.8KForm 4
Feb 24, 2026Grafton Jennifer SDirectorBuy1,600$12.36$19.8KForm 4
Dec 15, 2025Good John ADirectorBuy3,000$10.20$30.6KForm 4
Nov 10, 2025Good John ADirectorBuy4,100$9.69$39.7KForm 4
Aug 14, 2025Sherrick Bruce JDirectorBuy8,000$10.76$86.1KForm 4
May 19, 2025Sherrick Bruce JDirectorBuy7,000$10.47$73.3KForm 4
Dec 19, 2024Good John ADirectorBuy15,000$12.23$183.4KForm 4
Aug 7, 2024Good John ADirectorBuy24,000$10.15$243.6KForm 4
Aug 5, 2024Fabbri LucaPresident and CEOBuy1,000$10.00$10.0KForm 4
Sep 29, 2023Pittman Paul AExecutive ChairmanBuy31,048$10.29$319.5KForm 4
Sep 28, 2023Pittman Paul AExecutive ChairmanBuy2,774$10.21$28.3KForm 4
Sep 27, 2023Pittman Paul AExecutive ChairmanBuy66,178$10.25$678.3KForm 4
Mar 16, 2023WISE MURRAY RDirectorBuy10,000$9.66$96.6KForm 4
Mar 10, 2023WISE MURRAY RDirectorBuy20,000$9.93$198.6KForm 4
Mar 9, 2023Fabbri LucaPresident and CEOBuy500$10.23$5.1KForm 4
Mar 7, 2023WISE MURRAY RDirectorBuy10,000$10.42$104.2KForm 4
Mar 7, 2023Fabbri LucaPresident and CEOBuy500$10.29$5.1KForm 4
Mar 1, 2023Good John ADirectorBuy9,300$10.63$98.9KForm 4
Feb 27, 2023Pittman Paul AExecutive ChairmanBuy10,000$10.53$105.3KForm 4

All 35 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.4,162,165$40.3M0.0%+312,685
Vanguard Portfolio Management LLC2,123,495$20.6M0.0%+79,670
Vanguard Capital Management LLC1,738,179$16.8M0.0%+18,546
Accordant Advisory Group Inc1,464,576$14.2M9.6%+37,628
Geode Capital Management, LLC1,186,196$11.5M0.0%+113,540
Two Sigma Investments, LP1,148,972$11.1M0.0%−298,686
Deutsche Bank Ag\940,234$9.1M0.0%+6,490
State Street Corp916,218$8.9M0.0%+3,739
Uniplan Investment Counsel, Inc.813,588$7.9M0.7%−12,409
Charles Schwab Investment Management Inc435,322$4.2M0.0%+48,561
Renaissance Technologies LLC390,400$3.8M0.0%+304,000
Northern Trust Corp369,643$3.6M0.0%+28,940
Morgan Stanley357,784$3.5M0.0%+21,777
Tudor Investment Corp Et Al355,959$3.4M0.0%+35,661
Man Group plc284,721$2.8M0.0%+191,842
Bank of New York Mellon Corp275,112$2.7M0.0%+10,280
Clark Capital Management Group, Inc.267,609$2.6M0.0%+10,457
Vanguard Fiduciary Trust Co267,465$2.6M0.0%+15,949
Jpmorgan Chase & Co258,246$2.5M0.0%−31,771
Goldman Sachs Group Inc259,763$2.5M0.0%−45,967
BCGM Wealth Management, LLC245,589$2.4M0.5%−23,782
Aqr Capital Management LLC233,167$2.3M0.0%+98,826
Envestnet Asset Management Inc222,406$2.2M0.0%+15,326
Marshall Wace, Llp206,545$2.0M0.0%−195,421
Raymond James Financial Inc196,929$1.9M0.0%−84,406

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

2 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Feb 21, 2023Thomas R Carper, SenateBuy$1,001 - $15,000−106.9%Report
Jan 18, 2023Thomas R Carper, SenateBuy$1,001 - $15,000−118.0%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

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