WallStSmart

Farmland Partners Inc (FPI)vsWelltower Inc (WELL)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Welltower Inc generates 22621% more annual revenue ($11.77B vs $51.79M). FPI leads profitability with a 60.9% profit margin vs 12.0%. FPI trades at a lower P/E of 19.2x. WELL earns a higher WallStSmart Score of 57/100 (C).

FPI

Hold

45

out of 100

Grade: D+

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

WELL

Buy

57

out of 100

Grade: C

Growth: 10.0Profit: 5.5Value: 2.0Quality: 6.5
Piotroski: 4/9Altman Z: 1.20
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
WELLSignificantly Overvalued (-57.6%)

Margin of Safety

-57.6%

Fair Value

$131.92

Current Price

$217.34

$85.42 premium

UndervaluedFair: $131.92Overvalued

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%

WELL3 strengths · Avg: 9.7/10
Revenue GrowthGrowth
38.3%10/10

Revenue surging 38.3% year-over-year

EPS GrowthGrowth
162.6%10/10

Earnings expanding 162.6% YoY

Market CapQuality
$153.42B9/10

Large-cap with strong market position

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%

WELL4 concerns · Avg: 2.3/10
Return on EquityProfitability
3.7%3/10

ROE of 3.7% — below average capital efficiency

PEG RatioValuation
3.662/10

Expensive relative to growth rate

P/E RatioValuation
105.5x2/10

Premium valuation, high expectations priced in

Altman Z-ScoreHealth
1.202/10

Distress zone — elevated risk

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 : WELL

The strongest argument for WELL centers on Revenue Growth, EPS Growth, Market Cap. Revenue growth of 38.3% demonstrates continued momentum.

Bear Case : FPI

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

Bear Case : WELL

The primary concerns for WELL are Return on Equity, PEG Ratio, P/E Ratio. A P/E of 105.5x leaves little room for execution misses.

Key Dynamics to Monitor

FPI profiles as a declining stock while WELL is a growth play — different risk/reward profiles.

FPI carries more volatility with a beta of 0.86 — expect wider price swings.

WELL is growing revenue faster at 38.3% — sustainability is the question.

WELL generates stronger free cash flow (662M), providing more financial flexibility.

Bottom Line

WELL scores higher overall (57/100 vs 45/100) and 38.3% revenue growth. 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.

Welltower Inc

REAL ESTATE · REIT - HEALTHCARE FACILITIES · USA

Welltower Inc. is a real estate investment trust that invests in healthcare infrastructure.

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