Farmland Partners Inc. (FPI): Price and Financial Metrics

FPI POWR Grades

• FPI scores best on the Quality dimension, with a Quality rank ahead of 61% of US stocks.
• The strongest trend for FPI is in Quality, which has been heading up over the past 177 days.
• FPI's current lowest rank is in the Value metric (where it is better than 20.92% of US stocks).

FPI Stock Summary

• The capital turnover (annual revenue relative to shareholder's equity) for FPI is 0.11 -- better than only 13.94% of US stocks.
• For FPI, its debt to operating expenses ratio is greater than that reported by 97.13% of US equities we're observing.
• FPI's price/sales ratio is 8.59; that's higher than the P/S ratio of 88.7% of US stocks.
• Stocks that are quantitatively similar to FPI, based on their financial statements, market capitalization, and price volatility, are CHDN, OCN, VIRT, KW, and PINE.
• FPI's SEC filings can be seen here. And to visit FARMLAND PARTNERS INC's official web site, go to www.farmlandpartners.com.

FPI Valuation Summary

• FPI's price/sales ratio is 8.7; this is 690.91% higher than that of the median Real Estate stock.
• Over the past 115 months, FPI's price/sales ratio has gone down 13.5.

Below are key valuation metrics over time for FPI.

FPI Growth Metrics

Its 4 year net cashflow from operations growth rate is now at 608.39%.
• Its 3 year revenue growth rate is now at -3.04%.
• Its 2 year net income to common stockholders growth rate is now at -383.9%.

FPI's revenue has moved up $25,974,000 over the prior 67 months.

The table below shows FPI's growth in key financial areas (numbers in millions of US dollars).

Date	Revenue	Operating Cash Flow	Net Income to Common Stock
2022-09-30	59.433	15.374	8.934
2022-06-30	56.398	8.077	2.961
2022-03-31	54.054	6.759	-4.903
2021-12-31	51.739	7.856	-5.834
2021-09-30	49.611	10.803	-9.19
2021-06-30	50.11	17.961	-6.12

FPI's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.

• FPI has a Quality Grade of D, ranking ahead of 23.16% of graded US stocks.
• FPI's asset turnover comes in at 0.045 -- ranking 304th of 442 Trading stocks.
• GHL, PSEC, and EQR are the stocks whose asset turnover ratios are most correlated with FPI.

The table below shows FPI's key quality metrics over time.