WallStSmart

Farmland Partners Inc (FPI)vsPrologis Inc (PLD)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Prologis Inc generates 18004% more annual revenue ($9.38B vs $51.79M). FPI leads profitability with a 60.9% profit margin vs 39.7%. FPI trades at a lower P/E of 19.2x. PLD earns a higher WallStSmart Score of 63/100 (C+).

FPI

Hold

45

out of 100

Grade: D+

Growth: 2.0Profit: 7.0Value: 7.0Quality: 6.8
Piotroski: 4/9Altman Z: 2.08

PLD

Buy

63

out of 100

Grade: C+

Growth: 8.0Profit: 7.0Value: 5.3Quality: 5.0
IV

Intrinsic Value Comparison

Multi-model valuation · Graham Formula

FPIUndervalued (+52.8%)

Margin of Safety

+52.8%

Fair Value

$25.69

Current Price

$10.71

$14.98 discount

UndervaluedFair: $25.69Overvalued
PLDUndervalued (+47.3%)

Margin of Safety

+47.3%

Fair Value

$268.09

Current Price

$142.02

$126.07 discount

UndervaluedFair: $268.09Overvalued

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

FPI3 strengths · Avg: 10.0/10
Price/BookValuation
1.0x10/10

Reasonable price relative to book value

Profit MarginProfitability
60.9%10/10

Keeps 61 of every $100 in revenue as profit

Operating MarginProfitability
59.6%10/10

Strong operational efficiency at 59.6%

PLD5 strengths · Avg: 9.4/10
Profit MarginProfitability
39.7%10/10

Keeps 40 of every $100 in revenue as profit

Operating MarginProfitability
38.5%10/10

Strong operational efficiency at 38.5%

EPS GrowthGrowth
65.2%10/10

Earnings expanding 65.2% YoY

Market CapQuality
$129.41B9/10

Large-cap with strong market position

Price/BookValuation
2.5x8/10

Reasonable price relative to book value

Areas to Watch

FPI4 concerns · Avg: 2.5/10
Market CapQuality
$510.90M3/10

Smaller company, higher risk/reward

Return on EquityProfitability
5.7%3/10

ROE of 5.7% — below average capital efficiency

Revenue GrowthGrowth
-1.8%2/10

Revenue declined 1.8%

EPS GrowthGrowth
-59.8%2/10

Earnings declined 59.8%

PLD4 concerns · Avg: 2.8/10
P/E RatioValuation
39.1x4/10

Premium valuation, high expectations priced in

Return on EquityProfitability
6.8%3/10

ROE of 6.8% — below average capital efficiency

PEG RatioValuation
110.102/10

Expensive relative to growth rate

Free Cash FlowQuality
$-3.75B2/10

Negative free cash flow — burning cash

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 60.9% and operating margin at 59.6%.

Bull Case : PLD

The strongest argument for PLD centers on Profit Margin, Operating Margin, EPS Growth. Profitability is solid with margins at 39.7% and operating margin at 38.5%.

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, PEG Ratio.

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 1.41 — expect wider price swings.

PLD is growing revenue faster at 8.3% — sustainability is the question.

FPI generates stronger free cash flow (7M), providing more financial flexibility.

Bottom Line

PLD scores higher overall (63/100 vs 45/100), backed by strong 39.7% margins. FPI offers better value entry with a 52.8% margin of safety. Both earn "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 premium agricultural land throughout the United States. By leasing its properties to skilled farmers, FPI generates reliable cash flows while capitalizing on the expanding agricultural market. The company emphasizes sustainable farming techniques and strategic diversification to address the growing global demand for food, positioning itself to deliver value to investors. With a robust portfolio and a commitment to operational excellence, Farmland Partners is well-equipped to adapt to the dynamic agricultural sector and drive long-term shareholder growth.

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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