Farmland Partners (FPI) Land & Improvements (2013 - 2026)
Farmland Partners' (FPI) quarterly Land & Improvements came in at $555.5 million in Q1 2026, down 13.77% year-on-year from $644.1 million in Q1 2025, and down 1.69% quarter-over-quarter from $565.0 million in Q4 2025.
Farmland Partners (FPI) Land & Improvements (2013 - 2026) Analysis & Trends
Farmland Partners' Land & Improvements history runs 14 years deep, the most recent figure standing at $555.5 million for Q1 2026.
- On a quarterly basis, Land & Improvements fell 13.77% year-over-year to $555.5 million in Q1 2026; TTM through Mar 2026 was $555.5 million, a 13.77% decrease from a year earlier, with the FY2025 full-year figure at $565.0 million, down 12.48% from the prior year.
- Land & Improvements retreated to $555.5 million in Q1 2026 per FPI's latest filing, from $565.0 million in the prior quarter.
- Across five years, Land & Improvements topped out at $980.5 million in Q4 2022 and bottomed at $555.5 million in Q1 2026.
- The 5-year median for Land & Improvements is $886.0 million (2024), against an average of $813.3 million.
- Across the five-year window, Land & Improvements gained 5.09% in 2022 and sank 33.4% in 2025, its largest moves.
- Year by year, Land & Improvements stood at $980.5 million in 2022, then dropped by 11.29% to $869.8 million in 2023, then retreated by 25.78% to $645.6 million in 2024, then decreased by 12.48% to $565.0 million in 2025, then decreased by 1.69% to $555.5 million in 2026.
- Per Business Quant, the three latest FPI Land & Improvements figures stand at $555.5 million (Q1 2026), $565.0 million (Q4 2025), and $590.0 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Land & Improvements (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 103.23 Bn | 100.17 Bn | 1.26 Bn | - |
| 2 | American Tower | 77.49 Bn | 77.36 Bn | 2.70 Bn | - |
| 3 | Digital Realty Trust | 67.03 Bn | 64.61 Bn | - | - |
| 4 | Iron Mountain | 37.51 Bn | 37.26 Bn | 1.05 Bn | - |
| 5 | Crown Castle | 32.27 Bn | 32.22 Bn | 23.00 Mn | - |
| 6 | Sba Communications | 18.25 Bn | 18.25 Bn | 532.10 Mn | - |
| 7 | Weyerhaeuser | 17.32 Bn | 17.02 Bn | 318.00 Mn | - |
| 8 | Lamar Advertising | 16.32 Bn | 16.28 Bn | 344.69 Mn | - |
| 9 | Gaming & Leisure Properties | 12.85 Bn | 12.85 Bn | - | - |
| 10 | Farmland Partners | 416.42 Mn | 416.42 Mn | 9.82 Mn | 555.46 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 555.46 Mn |
| Dec 31, 2025 | 565.00 Mn |
| Sep 30, 2025 | 590.04 Mn |
| Jun 30, 2025 | 594.51 Mn |
| Mar 31, 2025 | 644.15 Mn |
| Dec 31, 2024 | 645.59 Mn |
| Sep 30, 2024 | 886.00 Mn |
| Jun 30, 2024 | 885.99 Mn |
| Mar 31, 2024 | 885.99 Mn |
| Dec 31, 2023 | 869.85 Mn |
| Sep 30, 2023 | 913.06 Mn |
| Jun 30, 2023 | 954.52 Mn |
| Mar 31, 2023 | 975.45 Mn |
| Dec 31, 2022 | 980.52 Mn |
| Sep 30, 2022 | 969.36 Mn |
| Jun 30, 2022 | 960.59 Mn |
| Mar 31, 2022 | 949.74 Mn |
| Dec 31, 2021 | 945.95 Mn |
| Sep 30, 2021 | 931.80 Mn |
| Jun 30, 2021 | 930.67 Mn |