Farmland PartnersFPI +3.23%71 Interest Coverage is 1.32 as of Mar. 2026, which is 9% below its 10-year median of 1.45. GuruFocus rates FPI with a GF Score™ of 71/100 and a GF Value™ of $10.91 (Fairly Valued). The stock has 5 warning signs investors should review. Among 700 REITs companies, Farmland Partners ranks worse than 62.71% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Farmland Partners's
Operating Income
for the
three
months ended in Mar. 2026 was $3.58 Mil. Farmland Partners's Interest Expense for the
three
months ended in Mar. 2026 was $-2.72 Mil.
Farmland Partners's interest coverage for the quarter that ended in Mar. 2026 was 1.32.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Farmland Partners's Interest Coverage or its related term are showing as below:
FPI'
s Interest Coverage Range Over the Past 10 Years
Min: 1.05 Med: 1.45 Max: 2.39
Current: 2.35
FPI's Interest Coverage is ranked worse than 62.71% of 700
companies
in the REITs industry
Industry Median: 3.095
vs FPI: 2.35
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Farmland Partners Interest Coverage Related Terms
Farmland Partners Interest Coverage Historical Data
* Premium members only.
The historical data trend for Farmland Partners's Interest Coverage 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.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
FPI vs LAND, NLCP, SELF: Interest Coverage Comparison
For the REIT - Specialty subindustry, Farmland Partners's Interest Coverage, along with its competitors' market caps and Interest Coverage 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 Interest Coverage vs REITs Industry
For the REITs industry and Real Estate sector, Farmland Partners's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Farmland Partners's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* 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 (FPI) has a Interest Coverage of 1.32 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Farmland Partners and its competitors. This is near median its historical median of 1.45. Over the past decade, Farmland Partners' Interest Coverage has ranged from 1.05 to 2.39. According to the industry distribution chart, Farmland Partners ranks #439 out of 700 companies in the REITs industry, placing it in the top 62.7%.
Is Farmland Partners' Interest Coverage too high?
Farmland Partners' current Interest Coverage of 1.32 is near median its 10-year median of 1.45. Over the past 10 years, this metric has ranged from a low of 1.05 to a high of 2.39. The REITs industry median Interest Coverage is 3.10. Farmland Partners' value of 1.32 is 57.4% below this industry median. Based on the distribution chart, Farmland Partners ranks #439 out of 700 companies in the REITs industry, which is below the industry midpoint. Overall, Farmland Partners has a GF Score™ of 71/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Farmland Partners' Interest Coverage compare to LAND and NLCP?
According to the REITs industry distribution chart, Farmland Partners ranks #439 out of 700 companies for Interest Coverage. This places Farmland Partners in the lower half of its industry. The industry median Interest Coverage is 3.10. Farmland Partners' value of 1.32 is 57.4% below this benchmark. Historically, Farmland Partners' own Interest Coverage has ranged from 1.05 to 2.39 over the past decade. While the company's 10-year median is 1.45 vs. the industry median of 3.10, Farmland Partners has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a REITs company?
The median Interest Coverage among REITs companies is 3.10, based on 700 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Farmland Partners's current Interest Coverage of 1.32 is 57.4% 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 Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Farmland Partners and its competitors. For the REITs industry, the median Interest Coverage is 3.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Farmland Partners's current Interest Coverage is 1.32, which is near median its own 10-year median of 1.45. 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 Fairly Valued. The stock's GF Value™ is $10.91, compared to a current price of $9.91 — trading 9.2% below its estimated fair value. The current Interest Coverage is 1.32, which is near median its 10-year median of 1.45 and 57.4% below the REITs industry median of 3.10. Farmland Partners' overall GF Score™ is 71/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Farmland Partners (FPI), the current Interest Coverage is 1.32 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 $9.91 is trading 9.2% below its estimated GF Value™ of $10.91.
GuruFocus considers Farmland Partners to be Fairly Valued.
Key valuation signals for FPI:
Interest Coverage: 1.32 (near median its 10-year median of 1.45)
GF Value™: $10.91 vs. price of $9.91 (9.2% below fair value)
Industry Position: 57.4% below the REITs median (#439 of 700)
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 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.
71GF Score
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