Farmland Partners (FPI) Operating Expenses (2013 - 2026)
Farmland Partners' (FPI) quarterly Operating Expenses came in at $6.5 million in Q1 2026, up 1.89% year-on-year from $6.4 million in Q1 2025, and down 20.57% quarter-over-quarter from $8.2 million in Q4 2025.
Farmland Partners (FPI) Operating Expenses (2013 - 2026) Analysis & Trends
Farmland Partners' Operating Expenses history runs 14 years deep, the most recent figure standing at $6.5 million for Q1 2026.
- On a quarterly basis, Operating Expenses rose 1.89% year-over-year to $6.5 million in Q1 2026; TTM through Mar 2026 was $47.1 million, a 42.21% increase from a year earlier, with the FY2025 full-year figure at $46.9 million, up 39.97% from the prior year.
- Operating Expenses slipped to $6.5 million in Q1 2026 per FPI's latest filing, from $8.2 million in the prior quarter.
- Across five years, Operating Expenses topped out at $24.1 million in Q2 2025 and bottomed at $6.4 million in Q1 2025.
- The 5-year median for Operating Expenses is $8.4 million (2022), against an average of $9.6 million.
- Across the five-year window, Operating Expenses slumped 30.24% in 2024 and jumped 193.64% in 2025, its largest moves.
- Year by year, Operating Expenses stood at $9.3 million in 2022, then climbed by 19.81% to $11.2 million in 2023, then fell by 7.18% to $10.4 million in 2024, then dropped by 21.04% to $8.2 million in 2025, then fell by 20.57% to $6.5 million in 2026.
- Per Business Quant, the three latest FPI Operating Expenses figures stand at $6.5 million (Q1 2026), $8.2 million (Q4 2025), and $8.2 million (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Equinix | 102.00 Bn | 98.94 Bn | 1.26 Bn | 1.87 Bn |
| 2 | American Tower | 76.76 Bn | 83.27 Bn | 2.70 Bn | 1.50 Bn |
| 3 | Digital Realty Trust | 61.91 Bn | 61.08 Bn | - | 1.37 Bn |
| 4 | Iron Mountain | 37.06 Bn | 37.09 Bn | 1.05 Bn | 1.54 Bn |
| 5 | Crown Castle | 32.50 Bn | 32.44 Bn | 23.00 Mn | 545.00 Mn |
| 6 | Sba Communications | 18.50 Bn | 18.59 Bn | 532.10 Mn | 360.59 Mn |
| 7 | Weyerhaeuser | 17.05 Bn | 16.75 Bn | 318.00 Mn | 120.00 Mn |
| 8 | Lamar Advertising | 15.99 Bn | 15.96 Bn | 344.69 Mn | 381.94 Mn |
| 9 | Gaming & Leisure Properties | 12.58 Bn | 12.98 Bn | - | 86.64 Mn |
| 10 | Farmland Partners | 412.53 Mn | 415.64 Mn | 9.82 Mn | 6.52 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 6.52 Mn |
| Dec 31, 2025 | 8.21 Mn |
| Sep 30, 2025 | 8.24 Mn |
| Jun 30, 2025 | 24.09 Mn |
| Mar 31, 2025 | 6.40 Mn |
| Dec 31, 2024 | 10.40 Mn |
| Sep 30, 2024 | 8.09 Mn |
| Jun 30, 2024 | 8.21 Mn |
| Mar 31, 2024 | 6.84 Mn |
| Dec 31, 2023 | 11.20 Mn |
| Sep 30, 2023 | 11.60 Mn |
| Jun 30, 2023 | 8.83 Mn |
| Mar 31, 2023 | 7.84 Mn |
| Dec 31, 2022 | 9.35 Mn |
| Sep 30, 2022 | 8.42 Mn |
| Jun 30, 2022 | 8.90 Mn |
| Mar 31, 2022 | 9.57 Mn |
| Dec 31, 2021 | 8.72 Mn |
| Sep 30, 2021 | 8.67 Mn |
| Jun 30, 2021 | 9.06 Mn |