$Farmland Partners Inc (FPI.US)$A landlord in the true sense...
$Farmland Partners Inc(FPI.US$A landlord in the true sense of the word who makes real estate on a farm. Revenue shrank first and then grew over the past 5 years. The average growth rate was only 5.8%. Overall operating profit shrank, and net profit was similar.
In the first half of 2023, revenue contracted 7.6%, operating profit shrank 2.9%, and net profit increased 1.3 times from land sales.
Currently, the price-earnings ratio is 66.7, and the price-earnings ratio has dropped to 41.2. If you calculate the 5-year average net profit of 12 million, the price-earnings ratio is 43.5, the net price-earnings ratio is 1, and the dividend ratio is 2.2%. Overall, it is not very attractive.
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