Farmland Partners (FPI) vs TPG RE Finance (TRTX)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Farmland Partners (FPI) has outperformed TPG RE Finance (TRTX) over the past year, losing 1.1% versus a loss of 30.5%. Over five years, FPI leads with a -12.1% price change compared with -53.6% for TRTX. TPG RE Finance is the larger company by market cap ($457.5 million vs $455.0 million), about 1.0 times the size.
On valuation, TPG RE Finance trades at a lower forward P/E (5.4x vs 43.2x for Farmland Partners). TPG RE Finance offers the higher dividend yield (16.11% vs 2.90%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | FPI | TRTX |
|---|---|---|
| Share price | $10.36 | $5.96 |
| Market cap | $455.05M | $457.54M |
| 1-day change | -3.54% | -1.49% |
| YTD return | +6.91% | -30.78% |
| 1-year return | -1.05% | -30.54% |
| 5-year return | -12.05% | -53.58% |
| P/E ratio (TTM) | 20.31 | 10.84 |
| Forward P/E | 43.17 | 5.41 |
| EPS (TTM) | $0.51 | $0.55 |
| Dividend yield | 2.90% | 16.11% |
| Annual dividend | $0.30 | $0.96 |
| 52-week high | $13.23 | $9.37 |
| 52-week low | $9.21 | $5.85 |
| Distance from 52-week high | -21.66% | -36.39% |
| Average volume | 572.04K | 903.28K |
| Shares outstanding | 43.63M | 76.77M |
| Sector | Real Estate | Real Estate |
| Industry | Real Estate Investment Trusts | Real Estate Investment Trusts |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- FPI has outperformed TRTX by 29.5 percentage points over the past year.
- Farmland Partners trades at a higher earnings multiple (20.3x vs 10.8x trailing P/E).
- TPG RE Finance offers a meaningfully higher dividend yield (16.11% vs 2.90%).
FPI vs TRTX FAQ
Which is bigger, Farmland Partners or TPG RE Finance?
TPG RE Finance (TRTX) is larger, with a market capitalization of $457.54M compared with $455.05M for Farmland Partners (FPI).
Which stock has performed better over the past year, FPI or TRTX?
FPI returned -1.05% over the past 12 months, compared with -30.54% for TRTX (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, FPI or TRTX?
TRTX has the lower trailing P/E at 10.8, versus 20.3 for FPI. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, Farmland Partners or TPG RE Finance?
TPG RE Finance has the higher yield at 16.11%, compared with 2.90% for Farmland Partners.
Are Farmland Partners and TPG RE Finance in the same industry?
Yes. Both are classified in the Real Estate Investment Trusts industry within the Real Estate sector.