Reviewing Farmland Partners (NYSE:FPI) and Mobile Infrastructure (NASDAQ:BEEP)

Farmland Partners (NYSE:FPI) and Mobile Infrastructure (NASDAQ:BEEP) are both small-cap real estate companies, but which is the superior investment? We will compare the two companies based on the strength of their risk, analyst recommendations, earnings, valuation, profitability, dividends and institutional ownership.

Analyst Recommendations

This is a breakdown of recent recommendations for Farmland Partners and Mobile Infrastructure, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Farmland Partners	0	4	0	0	2.00
Mobile Infrastructure	1	0	2	0	2.33

Mobile Infrastructure has a consensus price target of $6.25, suggesting a potential upside of 133.64%. Given Mobile Infrastructure’s stronger consensus rating and higher possible upside, analysts clearly believe Mobile Infrastructure is more favorable than Farmland Partners.

Profitability

This table compares Farmland Partners and Mobile Infrastructure’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Farmland Partners	49.85%	5.54%	3.58%
Mobile Infrastructure	-67.22%	-11.03%	-4.62%

Valuation and Earnings

This table compares Farmland Partners and Mobile Infrastructure”s gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Farmland Partners	$51.47 million	8.28	$31.55 million	$0.51	19.15
Mobile Infrastructure	$35.08 million	3.14	-$21.44 million	($0.63)	-4.25

Farmland Partners has higher revenue and earnings than Mobile Infrastructure. Mobile Infrastructure is trading at a lower price-to-earnings ratio than Farmland Partners, indicating that it is currently the more affordable of the two stocks.

Institutional and Insider Ownership

58.0% of Farmland Partners shares are owned by institutional investors. Comparatively, 84.3% of Mobile Infrastructure shares are owned by institutional investors. 7.9% of Farmland Partners shares are owned by insiders. Comparatively, 36.6% of Mobile Infrastructure shares are owned by insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a stock will outperform the market over the long term.

Volatility and Risk

Farmland Partners has a beta of 0.67, indicating that its share price is 33% less volatile than the S&P 500. Comparatively, Mobile Infrastructure has a beta of 0.59, indicating that its share price is 41% less volatile than the S&P 500.

Summary

Farmland Partners beats Mobile Infrastructure on 9 of the 14 factors compared between the two stocks.

About Farmland Partners

Farmland Partners Inc. is an internally managed real estate company that owns and seeks to acquire high-quality North American farmland and makes loans to farmers secured by farm real estate. As of December 31, 2023, the Company owns and/or manages approximately 171,100 acres in 16 states, including Arkansas, California, Colorado, Florida, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Nebraska, North Carolina, Oklahoma, South Carolina and Texas. In addition, the Company owns land and buildings for four agriculture equipment dealerships in Ohio leased to Ag Pro under the John Deere brand. The Company has approximately 26 crop types and over 100 tenants. The Company elected to be taxed as a real estate investment trust, or REIT, for U.S. federal income tax purposes, commencing with the taxable year ended December 31, 2014.

About Mobile Infrastructure

Mobile Infrastructure Corporation is a Maryland corporation. The Company owns a diversified portfolio of parking assets primarily located in the Midwest and Southwest. As of December 31, 2023, the Company owned 43 parking facilities in 21 separate markets throughout the United States, with a total of 15,700 parking spaces and approximately 5.4 million square feet. The Company also owns approximately 0.2 million square feet of retail/commercial space adjacent to its parking facilities.