FPI (Farmland Partners) EPS without NRI: $0.38 (TTM As of Mar. 2026)


FPI Farmland Partners Inc FPI
69 GF Score
Price $9.66
GF Value $10.93
Valuation Modestly Undervalued
! 5 Warning Signs
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What is Farmland Partners EPS without NRI?

Farmland Partners FPI -0.21% 69 EPS without NRI is $0.38 as of Mar. 2026. GuruFocus rates FPI with a GF Score™ of 69/100 and a GF Value™ of $10.93 (Modestly Undervalued). The stock has 5 warning signs investors should review. Among 680 REITs companies, Farmland Partners ranks better than 90.29% on this metric.

Farmland Partners's earnings per share without non-recurring items for the three months ended in Mar. 2026 was $0.02. Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Mar. 2026 was $0.38.

During the past 12 months, Farmland Partners's average earnings per share (NRI) Growth Rate was -25.50% per year. During the past 3 years, the average earnings per share (NRI) Growth Rate was 44.10% per year. During the past 10 years, the average earnings per share (NRI) Growth Rate was 0.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.

The historical rank and industry rank for Farmland Partners's EPS without NRI or its related term are showing as below:

FPI' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -66.9   Med: 16.95   Max: 214.9
Current: 44.1

During the past 13 years, Farmland Partners's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 214.90% per year. The lowest was -66.90% per year. And the median was 16.95% per year.

FPI's 3-Year EPS without NRI Growth Rate is ranked better than
90.29% of 680 companies
in the REITs industry
Industry Median: 0.95 vs FPI: 44.10

Farmland Partners's EPS (Diluted) for the three months ended in Mar. 2026 was $0.01. Its EPS (Diluted) for the trailing twelve months (TTM) ended in Mar. 2026 was $0.58.

Farmland Partners's EPS (Basic) for the three months ended in Mar. 2026 was $0.01. Its EPS (Basic) for the trailing twelve months (TTM) ended in Mar. 2026 was $0.63.


Farmland Partners  (NYSE:FPI) EPS without NRI Explanation

EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.


Be Aware

Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.

If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.


Farmland Partners EPS without NRI Related Terms


Farmland Partners EPS without NRI Historical Data

* Premium members only.

The historical data trend for Farmland Partners's EPS without NRI can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Farmland Partners EPS without NRI Chart

Farmland Partners Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
EPS without NRI
Get a 7-Day Free Trial Premium Member Only Premium Member Only -0.44 0.11 0.12 0.31 0.33

Farmland Partners Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
EPS without NRI Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.01 0.03 0.03 0.30 0.02

FPI vs LAND, NLCP, SELF: EPS without NRI Comparison

For the REIT - Specialty subindustry, Farmland Partners's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Farmland Partners PE Ratio without NRI vs REITs Industry

For the REITs industry and Real Estate sector, Farmland Partners's PE Ratio without NRI distribution charts can be found below:

* The bar in red indicates where Farmland Partners's PE Ratio without NRI falls into.


FPI
69GF Score
Farmland Partners Inc FPI
EPS without NRI is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Farmland Partners EPS without NRI Calculation

Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.

Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.

EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $0.38

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about EPS without NRI →
What does a EPS without NRI of $0.38 mean?
Farmland Partners (FPI) has a EPS without NRI of $0.38 as of Mar. 2026. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Farmland Partners and its competitors. According to the industry distribution chart, Farmland Partners ranks #66 out of 680 companies in the REITs industry, placing it in the top 9.7%.
Is Farmland Partners' EPS without NRI too high?
Farmland Partners' current EPS without NRI is $0.38. The REITs industry median EPS without NRI is 0.95. Farmland Partners' value of $0.38 is 60% below this industry median. Based on the distribution chart, Farmland Partners ranks #66 out of 680 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, Farmland Partners has a GF Score™ of 69/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Farmland Partners' EPS without NRI compare to LAND and NLCP?
According to the REITs industry distribution chart, Farmland Partners ranks #66 out of 680 companies for EPS without NRI. This places Farmland Partners in the top 10% of its industry — outperforming the majority of peers. The industry median EPS without NRI is 0.95. Farmland Partners' value of $0.38 is 60% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for a REITs company?
The median EPS without NRI among REITs companies is 0.95, based on 680 companies in the industry. Companies in the top quartile (top 25%) have a EPS without NRI significantly above this median, while those in the bottom quartile fall well below. However, EPS without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Farmland Partners's current EPS without NRI of $0.38 is 60% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Farmland Partners and its competitors. For the REITs industry, the median EPS without NRI is 0.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Farmland Partners's current EPS without NRI is $0.38. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Farmland Partners stock overvalued right now?
Based on GuruFocus' analysis, Farmland Partners (FPI) is currently considered Modestly Undervalued. The stock's GF Value™ is $10.93, compared to a current price of $9.66 — trading 11.6% below its estimated fair value. The current EPS without NRI is $0.38 and 60% below the REITs industry median of 0.95. Farmland Partners' overall GF Score™ is 69/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For Farmland Partners (FPI), the current EPS without NRI is $0.38 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Farmland Partners (FPI) Overvalued in 2026?

Based on GuruFocus' analysis, Farmland Partners stock appears to be undervalued. The current stock price of $9.66 is trading 11.6% below its estimated GF Value™ of $10.93. GuruFocus considers Farmland Partners to be Modestly Undervalued.

Key valuation signals for FPI:

  • EPS without NRI: $0.38
  • GF Value™: $10.93 vs. price of $9.66 (11.6% below fair value)
  • GF Score™: 69/100 with 5 warning signs
  • Industry Position: 60% below the REITs median (#66 of 680)

No single metric tells the full story. See the FPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Farmland Partners Business Description

Industry Real EstateREITs
Other Exchanges 0FA:Germany
Address 4600 South Syracuse Street, Suite 1450, Denver, CO, USA, 80237
Farmland Partners Inc owns and seeks to acquire high-quality farmland throughout North America. The company is an internally managed real estate company which owns and contracts farmland and storage facilities located across the United States. Majority of the properties in its portfolio are used to grow primary crops, such as corn, soybeans, wheat, rice and cotton, and rest to produce specialty crops, such as almonds, pictachios, citrus, avacados, strawberies, and edible beans. The company generates its revenues through the rent it receives from its tenants.
69GF Score

Get the complete analysis for FPI

EPS without NRI is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$9.66
Price
$10.93
GF Value