WallStSmart

Farmland Partners Inc (FPI)vsPrologis Inc (PLD)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Prologis Inc generates 18812% more annual revenue ($9.66B vs $51.06M). FPI leads profitability with a 50.2% profit margin vs 43.6%. FPI trades at a lower P/E of 19.5x. PLD earns a higher WallStSmart Score of 65/100 (B-).

FPI

Hold

48

out of 100

Grade: D+

Growth: 2.0Profit: 7.0Value: 7.0Quality: 8.0
Piotroski: 5/9Altman Z: 2.08

PLD

Strong Buy

65

out of 100

Grade: B-

Growth: 8.0Profit: 7.0Value: 5.3Quality: 4.0
Piotroski: 2/9Altman Z: 1.01
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FPIUndervalued (+54.7%)

Margin of Safety

+54.7%

Fair Value

$26.80

Current Price

$9.92

$16.88 discount

UndervaluedFair: $26.80Overvalued
PLDUndervalued (+45.8%)

Margin of Safety

+45.8%

Fair Value

$258.80

Current Price

$141.03

$117.77 discount

UndervaluedFair: $258.80Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FPI3 strengths · Avg: 10.0/10
Price/BookValuation
0.9x10/10

Reasonable price relative to book value

Profit MarginProfitability
50.2%10/10

Keeps 50 of every $100 in revenue as profit

Operating MarginProfitability
36.3%10/10

Strong operational efficiency at 36.3%

PLD6 strengths · Avg: 9.2/10
Profit MarginProfitability
43.6%10/10

Keeps 44 of every $100 in revenue as profit

Operating MarginProfitability
43.0%10/10

Strong operational efficiency at 43.0%

EPS GrowthGrowth
85.3%10/10

Earnings expanding 85.3% YoY

Market CapQuality
$132.77B9/10

Large-cap with strong market position

Price/BookValuation
2.4x8/10

Reasonable price relative to book value

Free Cash FlowQuality
$1.20B8/10

Generating 1.2B in free cash flow

Areas to Watch

FPI4 concerns · Avg: 2.5/10
Market CapQuality
$436.60M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
5.6%3/10

ROE of 5.6% — below average capital efficiency

Revenue GrowthGrowth
-5.5%2/10

Revenue declined 5.5%

EPS GrowthGrowth
-50.2%2/10

Earnings declined 50.2%

PLD4 concerns · Avg: 3.0/10
P/E RatioValuation
32.2x4/10

Premium valuation, high expectations priced in

Return on EquityProfitability
7.8%3/10

ROE of 7.8% — below average capital efficiency

Piotroski F-ScoreQuality
2/93/10

Weak financial health signals

PEG RatioValuation
133.432/10

Expensive relative to growth rate

Comparative Analysis Report

WallStSmart Research

Bull Case : FPI

The strongest argument for FPI centers on Price/Book, Profit Margin, Operating Margin. Profitability is solid with margins at 50.2% and operating margin at 36.3%.

Bull Case : PLD

The strongest argument for PLD centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 43.6% and operating margin at 43.0%. Revenue growth of 12.3% demonstrates continued momentum.

Bear Case : FPI

The primary concerns for FPI are Market Cap, Return on Equity, Revenue Growth.

Bear Case : PLD

The primary concerns for PLD are P/E Ratio, Return on Equity, Piotroski F-Score.

Key Dynamics to Monitor

FPI profiles as a declining stock while PLD is a mature play — different risk/reward profiles.

PLD carries more volatility with a beta of 1.32 — expect wider price swings.

PLD is growing revenue faster at 12.3% — sustainability is the question.

PLD generates stronger free cash flow (1.2B), providing more financial flexibility.

Bottom Line

PLD scores higher overall (65/100 vs 48/100), backed by strong 43.6% margins and 12.3% revenue growth. FPI offers better value entry with a 54.7% margin of safety. Both earn "Strong Buy" and "Hold" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Farmland Partners Inc

REAL ESTATE · REIT - SPECIALTY · USA

Farmland Partners Inc. (FPI) is a leading real estate investment trust (REIT) focused on the acquisition and management of high-quality agricultural land throughout the United States. The company strategically leases its properties to experienced farmers, generating reliable cash flows while capitalizing on the burgeoning agricultural sector. With a strong commitment to sustainable farming practices and a well-diversified portfolio, FPI is well-equipped to respond to the rising global food demand. Its operational excellence and proactive approach position Farmland Partners to seize emerging opportunities in the agricultural landscape, delivering long-term value for its investors.

Prologis Inc

REAL ESTATE · REIT - INDUSTRIAL · USA

Prologis, Inc. is a real estate investment trust headquartered in San Francisco, California that invests in logistics facilities, with a focus on the consumption side of the global supply chain.

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