Gladstone Land (LAND) AI Stock Analysis

• Market Cap: $365.10M
• Dividend Yield: 5.55%
• Average Volume (3M): 281.77K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.58
• Revenue Growth: -8.59%
• EPS Growth: -560.26%
• Country: US
• Employees: 70
• Sector: Real Estate
• Sector Strength: 73
• Industry: REIT - Industrial
• EPS (TTM): 0.25
• Shares Outstanding: 36,184,658
• 10 Day Avg. Volume: 265,425
• 30 Day Avg. Volume: 281,771
• 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: 3.29
• Enterprise Value/Revenue: 3.48
• Enterprise Value/Gross Profit: 15.75
• Enterprise Value/Ebitda: 4.08
• 1Y Price Target: $10.63
• Price Target Upside: 4.42% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 5

• Rating: 62 Neutral
• Price Target: $10.50 ▲(3.14%Upside)

Gladstone Land's overall stock score reflects a stable financial position and attractive dividend yield, balanced by technical indicators suggesting limited short-term upside and earnings call insights highlighting challenges in revenue and lease structures.

Positive Factors

Asset Sales

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

Dividend Stability

LAND has enough cash and liquidity to sustain the dividend despite the core FFO being below the dividend level.

Liquidity

LAND is in a positive liquidity position with $180 million consisting $38 million in cash and ~$150 million available under the line of credit and notes.

Negative Factors

Debt Levels

The company does have a higher than average level of debt and preferred totaling ~70% to total capitalization.

Financial Performance

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

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

Gladstone Land Corporation (LAND) is a publicly traded real estate investment trust (REIT) based in the United States. The company specializes in the ownership and leasing of farmland across the country, focusing primarily on properties with high-quality soil and excellent water resources. Gladstone Land acquires and leases farmland to professional farmers, offering them the opportunity to cultivate a wide variety of crops, including fruits, vegetables, and nuts. By providing long-term leases, the company aims to ensure stability for both the farmers and its investors.

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
	EBIT
27.80M	31.38M	70.58M	34.27M	30.87M	27.69M
	EBITDA
71.10M	70.29M	70.64M	69.73M	58.17M	44.34M
	Net Income Common Stockholders
14.83M	13.29M	14.56M	-21.02M	-20.55M	-15.73M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
42.92M	18.27M	18.57M	61.14M	16.71M	9.22M
	Total Assets
1.28B	1.31B	1.39B	1.46B	1.35B	1.07B
	Total Debt
498.83M	527.52M	574.11M	626.50M	667.98M	624.06M
	Net Debt
455.91M	509.25M	555.54M	565.36M	651.27M	614.84M
	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: 10.18
• 50DMA: Positive
• 100DMA: Negative
• 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 10.18 is above the 20-day moving average (MA) of 9.89, above the 50-day MA of 9.69, and below the 200-day MA of 11.17, indicating a neutral trend. The MACD of 0.10 indicates Negative momentum. The RSI at 55.37 is Neutral, neither overbought nor oversold. The STOCH value of 60.17 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	$757.33M	5.40	26.05%	5.83%	-3.48%	615.20%
IIPR	79 Outperform	$1.62B	11.13	7.78%	13.13%	-1.33%	-8.62%
LXP	68 Neutral	$2.57B	44.40	2.98%	6.21%	5.68%	358.78%
ILPT	65 Neutral	$313.51M	―	-15.86%	0.84%	0.55%	12.36%
LAND	62 Neutral	$365.10M	―	2.10%	5.55%	-8.59%	-560.26%
Sector *	61 Neutral	$2.83B	10.89	0.42%	9.23%	5.94%	-21.26%
COLD	48 Neutral	$4.79B	―	-3.56%	5.47%	-1.18%	62.96%

Gladstone Land Corporate Events

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.