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Gladstone Land (LAND)
NASDAQ:LAND
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Gladstone Land
(NASDAQ:LAND)
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Rating:61Neutral
Price Target:
$10.00
▲(10.62% Upside)
Gladstone Land's overall stock score reflects a mix of strengths and challenges. Strong cost management and a stable capital structure are positive, but declining revenue and cash flow generation pose significant risks. The technical analysis suggests a neutral trend, while the valuation is hindered by a negative P/E ratio despite a high dividend yield. The earnings call provided mixed signals, with successful property sales and strong nut crop performance offset by a decline in adjusted FFO and challenges in the wine grape market.
Gladstone Land (LAND) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$330.56M
Dividend Yield6.36%
Average Volume (3M)371.02K
Price to Earnings (P/E)―
Beta (1Y)0.41
Revenue Growth-23.25%
EPS Growth-51.02%
CountryUS
Employees70
SectorN/A
Sector StrengthN/A
IndustryREIT - Industrial
Share Statistics
EPS (TTM)-0.11
Shares Outstanding37,266,834
10 Day Avg. Volume386,814
30 Day Avg. Volume371,025
Financial Highlights & Ratios
PEG Ratio8.21
Price to Book (P/B)0.57
Price to Sales (P/S)4.57
P/FCF Ratio16.00
Enterprise Value/Market Cap2.46
Enterprise Value/Revenue11.96
Enterprise Value/Gross Profit13.03
Enterprise Value/Ebitda12.67
Forecast
1Y Price Target
$10.00Price Target Upside10.62% Upside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Gladstone Land Business Overview & Revenue Model
Company DescriptionGladstone Land Corporation (NASDAQ: LAND) is a real estate investment trust (REIT) that focuses on the acquisition and ownership of farmland in the United States. The company specializes in cultivating a diverse range of agricultural crops, primarily fruits, vegetables, and other specialty crops. Gladstone Land aims to provide sustainable, high-quality agricultural land for lease to farmers, while generating stable cash flows and long-term capital appreciation for its investors. The company also emphasizes environmentally responsible farming practices and the importance of food production in a growing global economy.
How the Company Makes MoneyGladstone Land generates revenue primarily through leasing its farmland to agricultural operators under long-term leases. These lease agreements typically provide Gladstone with a fixed rental income, which is structured to increase over time, ensuring predictable cash flows. Additionally, the company may benefit from the appreciation of land values over time, contributing to its overall earnings. Gladstone Land also engages in selective acquisitions of farmland that align with its investment strategy, thereby enhancing its portfolio and potential revenue sources. The company’s focus on sustainable agriculture and strategic partnerships with experienced farmers further strengthens its revenue model, as it positions itself favorably within the agricultural sector and aids in attracting reliable tenants.
Gladstone Land Earnings Call Summary
Earnings Call Date:Nov 05, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Feb 25, 2026
Earnings Call Sentiment Neutral
The earnings call highlighted significant positive developments, such as successful property sales and strong performance in nut crops, offset by challenges including a decline in adjusted FFO and difficulties in the wine grape market. The company's liquidity position remains strong, but high interest rates are affecting new investments.Q3-2025 Updates
Positive Updates
Successful Sale of Florida Property
Completed the sale of a property in Florida for $21.5 million, representing a 36% premium over the original purchase price, generating a gain of about $6 million.
Pistachio Harvest Revenue
Expected to recognize about $17 million in revenue from the pistachio harvest in the fourth quarter from three orchards, with the first cash payment received at over $5 million.
Positive Performance in Nut Crops
Pistachios and almonds performed well, with orchards exceeding state averages. The pistachio market showed resilience, especially in the EU and Middle East, reducing reliance on the Chinese market.
Improved Liquidity and Capital Position
Currently have over $170 million of immediately available capital and nearly $150 million of unpledged properties for additional collateral.
Negative Updates
Decline in Adjusted FFO
Adjusted FFO was $1.4 million or $0.04 per share, compared to $4.5 million or $0.13 per share in the same quarter last year, driven by lower fixed base cash rents and recent changes to lease structures.
Challenges in the Wine Grape Market
Wine grape markets continue to underperform due to oversupply and declining global consumption, leading to the removal of vineyards worldwide.
High Interest Rates Affecting New Investments
Interest rates remain high, preventing new farm investments, with no new acquisitions expected this year.
Vacancy and Lease Challenges
Currently have 6 vacant farms and several leases with negative lease revenue, which are under negotiation or modification.
Company Guidance
During the Gladstone Land Corporation Third Quarter Earnings Conference Call, the company provided detailed guidance on various financial and operational metrics. The company owns about 100,000 acres spread over 148 farms, with 56,000 acre-feet of water assets, all located in California. The recent sale of a property in Florida for $21.5 million, resulting in a 36% premium over the original purchase price and a gain of approximately $6 million, was highlighted. They reported a net income of $2.1 million, with a net loss to common shareholders of $3.9 million. Adjusted funds from operations (AFFO) were $1.4 million, down from $4.5 million last year, attributed to lease structure changes and tenancy issues. Additionally, the company expects $17 million in revenue from pistachio harvests in Q4. The company has $170 million in available capital, with a focus on refinancing a $60.4 million Series B term preferred stock to avoid an increase in the coupon rate from 5% to 8%. Despite challenges in the wine grape market, they see resilience in nut crops and expect higher participation rents in Q4 due to recent lease modifications.Gladstone Land Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
60
Neutral
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Gladstone Land Technical Analysis
Negative
9.04
Price Trends
9.09
Negative
8.98
Negative
9.32
Negative
Market Momentum
-0.10
Positive
45.38
Neutral
41.44
Neutral
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 9.04 is above the 20-day moving average (MA) of 8.97, below the 50-day MA of 9.09, and below the 200-day MA of 9.32, indicating a bearish trend. The MACD of -0.10 indicates Positive momentum. The RSI at 45.38 is Neutral, neither overbought nor oversold. The STOCH value of 41.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for LAND.
Gladstone Land Peers Comparison
UnderperformOutperform
Sector (―)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | ― | ― | ― | ― | ― | ― | |
75 Outperform | $6.97B | 28.84 | 7.17% | 4.02% | 9.62% | 31.08% | |
73 Outperform | $3.01B | 26.83 | 5.62% | 5.33% | 6.98% | 465.32% | |
69 Neutral | $1.43B | 12.03 | 6.49% | 13.07% | -11.22% | -24.64% | |
67 Neutral | $986.41M | 10.96 | 20.14% | 4.39% | -4.99% | 10123.98% | |
61 Neutral | $330.56M | -22.67 | 1.46% | 6.36% | -23.25% | -51.02% | |
50 Neutral | $364.63M | -4.07 | -16.39% | 2.20% | 1.08% | 14.30% |
* Sector Average
LAND
Gladstone Land
8.87
-1.18
-11.74%
STAG
Stag Industrial
37.33
4.86
14.97%
LXP
LXP Industrial Trust
50.84
12.26
31.78%
IIPR
Innovative Industrial Properties
50.88
-9.05
-15.10%
PLYM
Plymouth Industrial Reit
21.90
5.10
30.36%
ILPT
Industrial Logistics Properties
5.47
1.96
55.84%
Gladstone Land Corporate Events
Gladstone Land Reports Strong Q3 2025 Performance
Nov 7, 2025
Gladstone Land Corporation is a real estate investment trust specializing in the acquisition and ownership of farmland and farm-related properties across major agricultural markets in the United States. The company focuses on both annual row crops and permanent crops, with a significant portion of its acreage dedicated to organic farming.
Gladstone Land’s Earnings Call: Mixed Results Amid Strong Nut Crop Performance
Nov 7, 2025
Gladstone Land’s recent earnings call painted a mixed picture, with significant positive developments tempered by ongoing challenges. The company reported successful property sales and robust performance in nut crops, yet faced hurdles such as a decline in adjusted funds from operations (FFO) and difficulties within the wine grape market. While Gladstone Land maintains a strong liquidity position, high interest rates are impacting new investments.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.