FPI (Farmland Partners) Dividend Payout Ratio: 5.63 (As of Mar. 2026) — 182% Above Median

What is Farmland Partners Dividend Payout Ratio?

Farmland Partners FPI +3.23% 71 Dividend Payout Ratio is 5.63 as of Mar. 2026, which is 182% above its 10-year median of 2.00. 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 718 REITs companies, Farmland Partners ranks better than 74.65% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Farmland Partners's Dividend Payout Ratio for the months ended in Mar. 2026 was 5.63.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Farmland Partners Inc is 0.71, which seems too high.

The historical rank and industry rank for Farmland Partners's Dividend Payout Ratio or its related term are showing as below:

FPI' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.71 Med: 2 Max: 7.73
Current: 0.71

During the past 13 years, the highest Dividend Payout Ratio of Farmland Partners was 7.73. The lowest was 0.71. And the median was 2.00.

FPI's Dividend Payout Ratio is ranked better than
74.65% of 718 companies
in the REITs industry
Industry Median: 0.99 vs FPI: 0.71

As of today (2026-06-26), the Dividend Yield % of Farmland Partners is 2.70%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Farmland Partners was 9.64%. The lowest was 1.32%. And the median was 2.36%.

Farmland Partners's Dividends per Share for the months ended in Mar. 2026 was $0.09.

During the past 12 months, Farmland Partners's average Dividends Per Share Growth Rate was 12.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 1.40% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 4.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -8.50% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Farmland Partners was 16.10% per year. The lowest was -26.80% per year. And the median was 1.40% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Farmland Partners (NYSE:FPI) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Farmland Partners Dividend Payout Ratio Related Terms

Farmland Partners Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Farmland Partners's Dividend Payout Ratio 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 Dividend Payout Ratio Chart

Farmland Partners Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.00

2.07

2.00

0.78

0.72

Farmland Partners Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															4.29	1.88	2.14	0.20	5.63

FPI vs LAND, NLCP, SELF: Dividend Payout Ratio Comparison

For the REIT - Specialty subindustry, Farmland Partners's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Farmland Partners's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Farmland Partners's Dividend Payout Ratio falls into.

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71GF Score

Farmland Partners Inc FPI

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Farmland Partners Dividend Payout Ratio Calculation

Farmland Partners's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	0.24	/	0.332
	=	0.72

Farmland Partners's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.09	/	0.016
	=	5.63

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 5.63 mean?

Farmland Partners (FPI) has a Dividend Payout Ratio of 5.63 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Farmland Partners and its competitors. This is 182% above median its historical median of 2.00. Over the past decade, Farmland Partners' Dividend Payout Ratio has ranged from 0.71 to 7.73. According to the industry distribution chart, Farmland Partners ranks #182 out of 718 companies in the REITs industry, placing it in the top 25.3%.

Is Farmland Partners' Dividend Payout Ratio too high?

Farmland Partners' current Dividend Payout Ratio of 5.63 is 182% above median its 10-year median of 2.00. Over the past 10 years, this metric has ranged from a low of 0.71 to a high of 7.73. The REITs industry median Dividend Payout Ratio is 0.99. Farmland Partners' value of 5.63 is 468.7% above this industry median. Based on the distribution chart, Farmland Partners ranks #182 out of 718 companies in the REITs industry, which is above 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' Dividend Payout Ratio compare to LAND and NLCP?

According to the REITs industry distribution chart, Farmland Partners ranks #182 out of 718 companies for Dividend Payout Ratio. This puts Farmland Partners in the upper half of its industry. The industry median Dividend Payout Ratio is 0.99. Farmland Partners' value of 5.63 is 468.7% above this benchmark. Historically, Farmland Partners' own Dividend Payout Ratio has ranged from 0.71 to 7.73 over the past decade. While the company's 10-year median is 2.00 vs. the industry median of 0.99, Farmland Partners has consistently been above 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 Dividend Payout Ratio for a REITs company?

The median Dividend Payout Ratio among REITs companies is 0.99, based on 718 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Farmland Partners's current Dividend Payout Ratio of 5.63 is 468.7% above 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 Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Farmland Partners and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Farmland Partners's current Dividend Payout Ratio is 5.63, which is 182% above median its own 10-year median of 2.00. 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 Dividend Payout Ratio is 5.63, which is 182% above median its 10-year median of 2.00 and 468.7% above the REITs industry median of 0.99. 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 Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Farmland Partners (FPI), the current Dividend Payout Ratio is 5.63 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:

Dividend Payout Ratio: 5.63 (182% above median its 10-year median of 2.00)
GF Value™: $10.91 vs. price of $9.91 (9.2% below fair value)
GF Score™: 71/100 with 5 warning signs
Industry Position: 468.7% above the REITs median (#182 of 718)

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 Estate REITs

Comparable Companies LAND NLCP SELF PW BXDC EQIX AMT DLR CCI IRM SBAC WY LAMR GLPI RYN OUT FRMI EPR MEX:EDUCA18 BOM:543385

Other Exchanges 0FA:Germany

Address 4600 South Syracuse Street, Suite 1450, Denver, CO, USA, 80237

Website https://www.farmlandpartners.com

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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$9.91

Price

$10.91

GF Value

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