Gladstone Land (LAND) AI Stock Analysis

• Market Cap: $382.47M
• Dividend Yield: 5.3%
• Average Volume (3M): 303.75K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.56
• Revenue Growth: -8.59%
• EPS Growth: -560.26%
• Country: US
• Employees: 70
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Industrial
• EPS (TTM): 0.25
• Shares Outstanding: 36,184,658
• 10 Day Avg. Volume: 382,322
• 30 Day Avg. Volume: 303,751
• PEG Ratio: 2.93
• Price to Book (P/B): 0.87
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 26.80
• Enterprise Value/Market Cap: 3.14
• Enterprise Value/Revenue: 3.48
• Enterprise Value/Gross Profit: 15.75
• Enterprise Value/Ebitda: 4.08
• 1Y Price Target: $10.60
• Price Target Upside: -0.56% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 6

• Rating: 65 Neutral
• Price Target: $11.50 ▲(7.88%Upside)

Gladstone Land's overall score reflects stable financials and positive technical indicators, offset by valuation concerns and a cautious earnings outlook. Strong liquidity and strategic initiatives provide support, but revenue challenges and negative P/E weigh on the score.

Positive Factors

Farm Dispositions

The company completed the disposition of five farms in Florida for a 40% premium and two farms in Nebraska for a 9% premium.

Lease Transactions

The company completed 10 lease transactions, which are projected to increase NOI by $247K or 14.4% compared to previous lease terms.

Liquidity

LAND appears to have enough cash and liquidity to sustain the dividend.

Negative Factors

Dividend Coverage

Estimated core FFO for 2025 and 2026 are projected to be below the dividend level, raising concerns about future financial performance.

Financial Performance

The company reported AFFO numbers of $0.06, a 57% decrease year-over-year.

Underperforming Assets

There are still 10 underperforming farms after the sale of seven farms in 1Q25, which poses a challenge for the company.

Gladstone Land Business Overview & Revenue Model

Company Description

Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 127 farms, comprised of approximately 94,000 acres in 13 different states, valued at approximately $1.0 billion. Gladstone Land's farms are predominantly located in regions where its tenants are able to grow fresh produce annual row crops, such as berries and vegetables, which are generally planted and harvested annually. The Company also owns farms growing permanent crops, such as almonds, apples, figs, olives, pistachios, and other orchards, as well as blueberry groves and vineyards, which are generally planted every 10 to 20-plus years and harvested annually. The Company may also acquire property related to farming, such as cooling facilities, processing buildings, packaging facilities, and distribution centers. The Company pays monthly distributions to its stockholders and has paid 93 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company has increased its common distributions 20 times over the prior 23 quarters, and the current per-share distribution on its common stock is $0.0449 per month, or $0.5388 per year.

How the Company Makes Money

Gladstone Land Corporation generates revenue primarily through leasing its farmland properties to farmers. The company enters into long-term lease agreements with professional farmers, who pay rent to use the land for agricultural production. These leases provide a stable and predictable income stream for Gladstone Land. Additionally, the company may benefit from capital appreciation of its farmland assets over time. Gladstone Land also explores opportunities to acquire new properties that meet its criteria for high-quality farmland, further expanding its portfolio and potential revenue. The company's revenue model is supported by its strategic acquisitions and effective lease management, which contribute to its overall financial performance.

Gladstone Land Financial Statement Overview

Summary

Gladstone Land displays a stable financial profile with strong margins and effective cash management. The company maintains a balanced leverage position and demonstrates solid operational efficiency, though revenue growth has slowed.

Income Statement

Gladstone Land's income statement reveals a mixed performance. The gross profit margin is strong, indicating efficient cost management. However, the revenue growth rate has been declining, and the net profit margin, while positive, reflects a modest profitability. The EBIT and EBITDA margins are healthy, suggesting good operational efficiency.

Balance Sheet

The balance sheet shows a stable financial position with a reasonable equity ratio. The debt-to-equity ratio is moderate, indicating balanced leverage. Return on equity is positive, demonstrating effective use of equity to generate profits. Overall, the balance sheet reflects a stable financial structure with manageable debt levels.

Cash Flow

Cash flow analysis shows that operating cash flow is consistently positive, which is a strong indicator of the company's ability to generate cash from its operations. Free cash flow growth is present, and the ratios of operating and free cash flow to net income are favorable, indicating healthy cash management.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	81.77M	85.22M	90.40M	89.24M	75.32M	57.03M
Gross Profit	76.18M	79.88M	77.59M	86.42M	72.78M	55.18M
EBITDA	71.10M	70.29M	70.64M	69.73M	58.17M	44.34M
Net Income	14.83M	13.29M	14.56M	-21.02M	-20.55M	-15.73M
Balance Sheet
Total Assets	1.28B	1.31B	1.39B	1.46B	1.35B	1.07B
Cash, Cash Equivalents and Short-Term Investments	42.92M	18.27M	18.57M	61.14M	16.71M	9.22M
Total Debt	498.83M	527.52M	574.11M	626.50M	667.98M	624.06M
Total Liabilities	591.86M	625.01M	667.71M	725.89M	762.48M	683.50M
Stockholders Equity	689.88M	687.18M	719.61M	731.36M	586.82M	383.79M
Cash Flow
Free Cash Flow	26.88M	24.35M	27.28M	23.66M	26.26M	8.49M
Operating Cash Flow	30.59M	29.55M	40.08M	43.79M	32.38M	25.00M
Investing Cash Flow	61.01M	63.31M	-3.77M	-85.48M	-295.00M	-272.90M
Financing Cash Flow	-100.24M	-93.15M	-78.88M	86.13M	270.11M	243.43M

Gladstone Land Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 10.66
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LAND, the sentiment is Positive. The current price of 10.66 is above the 20-day moving average (MA) of 10.32, above the 50-day MA of 9.93, and below the 200-day MA of 10.89, indicating a neutral trend. The MACD of 0.18 indicates Negative momentum. The RSI at 61.96 is Neutral, neither overbought nor oversold. The STOCH value of 74.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for LAND.

Gladstone Land Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PLYM	81 Outperform	$742.14M	5.29	26.05%	5.96%	-3.48%	615.20%
IIPR	79 Outperform	$1.57B	10.77	7.78%	13.56%	-1.33%	-8.62%
LXP	69 Neutral	$2.52B	43.48	2.98%	6.34%	5.68%	358.78%
ILPT	67 Neutral	$356.51M	―	-15.86%	0.74%	0.55%	12.36%
LAND	65 Neutral	$382.47M	―	2.10%	5.30%	-8.59%	-560.26%
Sector *	64 Neutral	$6.97B	18.66	-1.93%	6.82%	4.65%	-25.39%
COLD	48 Neutral	$4.72B	―	-3.56%	5.55%	-1.18%	62.96%

Gladstone Land Corporate Events

Gladstone Land Announces Share Repurchase Program

On July 11, 2025, Gladstone Land Corporation announced a share repurchase program authorized by its Board of Directors, allowing the company to buy back up to $20 million of its Series B Cumulative Redeemable Preferred Stock and up to $35 million of its Series C Cumulative Redeemable Preferred Stock. This program, set to expire on July 10, 2026, is part of a strategic capital allocation plan aimed at leveraging current market conditions to benefit shareholders. The repurchases will be conducted through open market transactions or privately negotiated deals, with the flexibility to suspend or discontinue the program at any time.

The most recent analyst rating on (LAND) stock is a Buy with a $16.00 price target. To see the full list of analyst forecasts on Gladstone Land stock, see the LAND Stock Forecast page.

Gladstone Land Stockholders Approve Key Proposals at Annual Meeting

On May 8, 2025, Gladstone Land Corporation held its 2025 Annual Meeting of Stockholders, where stockholders approved all proposals presented. These included the election of two directors, Walter H. Wilkinson, Jr. and Paula Novara, to serve until the 2028 Annual Meeting, and the ratification of PricewaterhouseCoopers, LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025.