FPI Stock — Farmland Partners Inc

Farmland Partners Inc (FPI)

Updated October 16, 2026.

FPI is a Stock. its distribution rate is 3.48%, its trailing-12-month yield is 5.12%. Dividend Vision Distribution Safety Score™ is 94/100 (Safe). Total return is 37.0% over the past 12.5 years, 381.0 points behind SPY at 418.0%.

Farmland Partners Inc. is a real estate investment trust that owns and operates agricultural real estate across North America, holding approximately 70,400 acres of farmland across eleven states and four agricultural equipment dealerships leased under the John Deere brand. The company distributes a modest current yield to shareholders on a quarterly basis. The REIT appeals to income investors seeking exposure to agricultural land and equipment dealership assets.

FPI performance versus SPY

Price and return data through 2026-10-16.

Total return is 37.0% over the past 12.5 years, 381.0 points behind SPY at 418.0%. Over the past year its total return — price change plus distributions reinvested — is 5.1%. Its deepest 1-year drawdown was 27.0%.

FPI key facts

Distribution Safety Score™

94 · Safe

Safety-Adjusted Yield

3.27%

Asset type

Stock

Asset class

Equity

Inception date

04/11/2014

Distribution rate

3.48%

Distribution frequency

Quarterly

Trailing yield

5.12%

5-year average yield

2.01

Last close

$10.35 (as of 2026-10-16)

Market cap

$451,577,973

Average volume

628087.0

Dividend

$0.09

Ex-dividend date

10/01/2026

Payment date

10/15/2026

Beta

0.701

Payout ratio

97.1%

P/E ratio

20.29

Forward P/E

161.2903

EPS

$0.51

How Dividend Vision calculates yield and returns

Distribution rate (3.48%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (5.12%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

FPI risks and drawbacks

FPI's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 27.0%.

Who may consider FPI — and who may not

FPI may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (FPI pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

More on FPI

• All tickers starting with F

Tagged: Real Estate, Dividend.

Frequently asked questions