FPI FINANCIAL STATEMENTS

Farmland Partners Inc — balance sheet, income statement and cash flow trends

FPIFarmland Partners Inc

🇺🇸 USA · NYSE · Real Estate · REIT - Specialty

Value itDuel

Income Statement

Quarterly progression — trailing-twelve-month values
RevenueNet Income
020 M40 M60 M202120222023202420252026

Profit Funnel

Q1 2026 · TTM
Revenue53.8 M $Gross Profit42.4 M $ · 79%Operating Income24.6 M $ · 46%Pre-tax Income30.7 M $ · 57%Net Income30.1 M $ · 56%

Percentages are relative to revenue.

Key Figures

YoY change
Revenue53.8 M $-4.7%
Gross Profit42.4 M $-6.6%
Operating Income24.6 M $+1.6%
EBITDA44.3 M $-47.2%
Net Income30.1 M $-50.2%

Peer Comparison· REIT - Specialty

CompanyRev. GrowthGross MarginEBITDA MarginNet Margin
FPI-4.7%78.7%82.3%56.0%
OZKGY-14.7%25.2%-1.1%-7.6%
HLGYO90.2%12.2%175.4%107.2%
FZLGY188.1%-22.3%-28.7%-18.6%
AVPGY26.8%41.2%38.7%21.1%
AKSGY11.8%75.5%68.5%66.7%
Industry median5.3%44.5%62.3%25.9%

Balance Sheet

Quarterly period-end values
Total AssetsTotal LiabilitiesEquity
0500 M1 B202120222023202420252026

Capital Structure

Q1 2026
Total Assets711.7 M
  • Equity460.4 M $65%
  • Current Liabilities16.3 M $2%
  • Long-term Liabilities231.9 M $33%

Key Figures

YoY change
Total Assets711.7 M $-12.2%
Total Liabilities248.2 M $+13.6%
Total Equity460.4 M $-4.0%
Cash & ST Investments17.7 M $-18.1%
Total Debt231.9 M $+14.8%
Net Debt214.2 M $+18.8%

Peer Comparison· REIT - Specialty

CompanyCurrent RatioDebt/EquityNetDebt/EBITDAEquity/Assets
FPI6.1650.4%4.8364.7%
OZKGY2.897.4%77.2381.4%
HLGYO1.1715.0%0.2370.5%
FZLGY4.4243.1%-1.8330.3%
AVPGY5.240.0%-0.5679.6%
AKSGY2.913.9%-0.2582.6%
Industry median1.8976.6%5.1634.3%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values
Operating Cash FlowCapital ExpendituresFree Cash Flow
020 M40 M202120222023202420252026

Cash Flow Bridge

Q1 2026 · TTM
050 M19.7 M $Operating74.9 M $Investing-98.5 M $Financing-3.9 M $Net Change

Key Figures

YoY change
Operating Cash Flow19.7 M $+85.7%
Capital Expenditures22.6 M $-18.2%
Free Cash Flow19.4 M $+83.1%
Dividends Paid-21.8 M $-132.3%

Peer Comparison· REIT - Specialty

CompanyCF MarginFCF MarginCapEx RatioCF/Net Income
FPI36.6%36.1%42.0%65.4%
OZKGY-37.1%3.1%4.8%487.0%
HLGYO-52.3%13.3%0.1%-48.8%
FZLGY-28.7%-31.0%0.1%154.1%
AVPGY59.1%36.2%0.1%279.9%
AKSGY53.7%52.2%1.2%80.5%
Industry median39.3%24.1%15.2%156.9%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 2, 26. This content is for informational purposes only and is not investment advice.