Farmland Partners Intrinsic Value Calculator – Murray Wise Retires from Farmland Partners Board of Directors
December 30, 2023
☀️Trending News
Murray Wise, board member of Farmland Partners ($NYSE:FPI) Inc. (NYSE: FPI), has recently announced his retirement from the company’s board of directors. Farmland Partners is a real estate company focused on the acquisition and management of high-quality farmland in major agricultural markets in the United States. The company’s mission is to provide investors with attractive total returns through a combination of current income from rental operations and long-term capital appreciation. On the announcement of his retirement, Wise commented, “I am thankful for my time on the Farmland Partners Board and proud of our accomplishments over the last six years.
I am confident in their continued success.” He played a vital role in our mission to acquire and manage high-quality farmland and produce attractive returns for our investors.
Market Price
On Friday, respected agricultural investor Murray Wise announced his retirement from the board of directors of FARMLAND PARTNERS, a real estate investment trust (REIT) specializing in agricultural land investments. The announcement sent shockwaves through the market and the stock opened at $12.8 before closing at $12.5, down by 3.6% from the prior closing price of 12.9. The news of Wise’s retirement was seen as a blow to the company, as his knowledge and expertise in agricultural investments had been a great asset to the company since its formation.
Analysts speculate that the stock could take a further hit in coming days. Time will tell what further effect this news has on Farmland Partners’ stock. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Farmland Partners. More…
| Total Revenues | Net Income | Net Margin |
| 57.7 | 17.05 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Farmland Partners. More…
| Operations | Investing | Financing |
| 14.03 | 64.89 | -81.73 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Farmland Partners. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.07k | 438.61 | 10.71 |
Key Ratios Snapshot
Some of the financial key ratios for Farmland Partners are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 41.5% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – Farmland Partners Intrinsic Value Calculator
At GoodWhale, we have performed an in-depth analysis of FARMLAND PARTNERS, taking into account the fundamentals of the company to determine its intrinsic value. After evaluating all of FARMLAND PARTNERS’ financials and potential future performance, our proprietary Valuation Line rates the fair price of FARMLAND PARTNERS’ shares at $13.2. However, the market currently has the stock priced at $12.5, representing a 5.4% undervaluation from our estimated fair price. More…
Peers
In the real estate industry, there is always competition between companies for the best properties and the most customers. Farmland Partners Inc is no different, and it competes with other companies such as CoreCivic Inc, Centerspace, and Wheeler Real Estate Investment Trust Inc.
– CoreCivic Inc ($NYSE:CXW)
CoreCivic Inc is a private prison company in the United States. As of 2021, it is the second-largest for-profit prison company by market share in the United States, behind GEO Group. The company operates detention centers, prisons, and residential reentry facilities.
– Centerspace ($NYSE:CSR)
Centerspace is a leading provider of cloud-based software solutions for the real estate industry. The company’s market cap is 1.08B as of 2022. Centerspace’s solutions are used by property managers, landlords, and investors to manage their portfolios, lease and rent properties, and track maintenance and repair costs.
– Wheeler Real Estate Investment Trust Inc ($NASDAQ:WHLR)
Wheeler Real Estate Investment Trust, Inc. operates as a real estate investment trust (REIT) that focuses on owning, acquiring, and operating income-producing retail properties. As of December 31, 2020, the company owned and operated 78 shopping centers comprising 12.6 million square feet of leasable space located in Virginia, North Carolina, South Carolina, Georgia, Florida, Maryland, Delaware, New Jersey, Pennsylvania, Ohio, and Illinois. Wheeler Real Estate Investment Trust, Inc. was founded in 1993 and is headquartered in Virginia Beach, Virginia.
Summary
FARMLAND PARTNERS is a publicly-traded agricultural real estate company that owns and leases a portfolio of high-quality farmland located in key agricultural markets in the United States. Recently, the company announced the retirement of board member Murray Wise, causing the stock price to move down the same day. Investors should be aware that this change in leadership may affect the company’s overall strategy and operations, and would do well to consider the implications of this announcement in their investment decisions. In addition, investors should also monitor the company’s performance, financials, and operations to gain a better understanding of how this change in leadership may impact FARMLAND PARTNERS in the long-term.
