Gladstone Land (LAND) AI Stock Analysis

• Market Cap: $329.64M
• Dividend Yield: 6.07%
• Average Volume (3M): 449.50K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.59
• Revenue Growth: -8.59%
• EPS Growth: -560.26%
• Country: US
• Employees: 70
• Sector: Real Estate
• Sector Strength: 59
• Industry: REIT - Industrial
• EPS (TTM): -0.38
• Shares Outstanding: 36,184,658
• 10 Day Avg. Volume: 686,571
• 30 Day Avg. Volume: 449,498
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 2.54
• Enterprise Value/Revenue: 10.25
• Enterprise Value/Gross Profit: 11.00
• Enterprise Value/Ebitda: 11.79
• 1Y Price Target: $10.63
• Price Target Upside: 15.17% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 5

• Rating: 57 Neutral
• Price Target: $10.00 ▲(8.34% Upside)

Gladstone Land's overall score is driven by its strong financial stability and strategic corporate actions. However, the stock faces technical weaknesses and valuation concerns. The earnings call highlights potential revenue challenges, but the company's strong liquidity position offers resilience.

Positive Factors

Asset Disposition

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

Dividend Sustainability

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

Liquidity Position

The company 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

Dividend Coverage Concern

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

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 shows a stable financial profile with strong gross profit margins and healthy operating cash flows. However, declining revenue growth and modest net profit margins are concerns.

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

Gladstone Land Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 9.23
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For LAND, the sentiment is Negative. The current price of 9.23 is below the 20-day moving average (MA) of 10.01, below the 50-day MA of 10.03, and below the 200-day MA of 10.57, indicating a bearish trend. The MACD of -0.27 indicates Positive momentum. The RSI at 35.04 is Neutral, neither overbought nor oversold. The STOCH value of 10.12 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LAND.

Gladstone Land Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PLYM	79 Outperform	$669.86M	4.77	25.64%	6.67%	-3.48%	615.20%
IIPR	66 Neutral	$1.46B	10.05	7.08%	14.53%	-1.33%	-8.62%
LXP	64 Neutral	$2.37B	28.95	4.15%	6.90%	6.64%	210.89%
Sector *	63 Neutral	$6.81B	14.06	-1.43%	7.27%	4.68%	-34.18%
ILPT	59 Neutral	$409.29M	―	-16.16%	1.40%	0.36%	11.92%
LAND	57 Neutral	$329.64M	―	2.10%	6.07%	-8.59%	-560.26%
COLD	50 Neutral	$4.61B	―	-1.67%	5.47%	-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.