Gladstone Land (LAND) AI Stock Analysis

• Market Cap: $349.94M
• Dividend Yield: 5.97%
• Average Volume (3M): 371.02K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.40
• Revenue Growth: -23.25%
• EPS Growth: -51.02%
• Country: US
• Employees: 70
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Industrial
• EPS (TTM): -0.11
• Shares Outstanding: 37,266,834
• 10 Day Avg. Volume: 386,814
• 30 Day Avg. Volume: 371,025
• PEG Ratio: 8.21
• Price to Book (P/B): 0.57
• Price to Sales (P/S): 4.57
• P/FCF Ratio: 16.00
• Enterprise Value/Market Cap: 2.32
• Enterprise Value/Revenue: 11.96
• Enterprise Value/Gross Profit: 13.03
• Enterprise Value/Ebitda: 12.67
• 1Y Price Target: $10.00
• Price Target Upside: 10.62% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• 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.

Positive Factors

Strong Liquidity Position

A strong liquidity position with $170 million available provides financial flexibility to manage operations and invest in growth opportunities.

Successful Property Sales

Successful property sales at a premium enhance capital and demonstrate effective asset management, contributing to financial stability.

Resilient Nut Crop Performance

Strong performance in nut crops, especially pistachios, supports revenue stability and reduces reliance on volatile markets like China.

Negative Factors

Decline in Adjusted FFO

A significant decline in adjusted FFO indicates challenges in maintaining cash flow, affecting the company's ability to fund operations and growth.

Challenges in Wine Grape Market

Persistent challenges in the wine grape market could lead to reduced revenue from this segment, impacting overall financial performance.

High Interest Rates Impacting Investments

High interest rates hinder new investments, limiting growth opportunities and potentially affecting long-term competitiveness.

Gladstone Land Business Overview & Revenue Model

Company Description

Gladstone 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 Money

Gladstone 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 Financial Statement Overview

Summary

Gladstone Land demonstrates strong gross profit margins and a stable balance sheet with moderate leverage. However, declining revenue and free cash flow growth pose challenges. The company needs to address revenue generation and cash flow management to sustain its financial health.

Income Statement

Gladstone Land's income statement shows a strong gross profit margin consistently above 85%, indicating effective cost management. However, the net profit margin has declined over the TTM period, and revenue has decreased by 11% compared to the previous year, reflecting potential challenges in revenue generation. The EBIT and EBITDA margins remain healthy, but the declining revenue growth rate is a concern.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio of 0.74 in the TTM period, showing a stable leverage position. However, the return on equity has decreased, indicating less efficient use of equity to generate profits. The equity ratio remains strong, suggesting a solid capital structure.

Cash Flow

Cash flow analysis reveals a significant decline in free cash flow growth, down by 55.6% in the TTM period, which could impact future investments. The operating cash flow to net income ratio is above 1, indicating good cash generation relative to net income, but the free cash flow to net income ratio has decreased, highlighting potential cash flow challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	67.98M	85.22M	90.40M	89.24M	75.32M	57.03M
Gross Profit	62.37M	79.88M	86.20M	86.42M	72.78M	55.18M
EBITDA	64.17M	70.29M	75.48M	65.91M	55.70M	42.28M
Net Income	9.86M	13.29M	14.56M	4.71M	3.50M	4.93M
Balance Sheet
Total Assets	1.23B	1.31B	1.39B	1.46B	1.35B	1.07B
Cash, Cash Equivalents and Short-Term Investments	11.31M	18.27M	18.57M	61.14M	16.71M	9.22M
Total Debt	480.36M	527.52M	574.11M	626.50M	667.98M	624.06M
Total Liabilities	563.98M	625.01M	667.71M	725.89M	762.48M	683.50M
Stockholders Equity	661.79M	687.18M	719.61M	731.36M	586.82M	383.79M
Cash Flow
Free Cash Flow	660.00K	24.35M	27.28M	23.66M	26.26M	8.49M
Operating Cash Flow	7.96M	29.55M	40.08M	43.79M	32.38M	25.00M
Investing Cash Flow	79.67M	63.31M	-3.77M	-85.48M	-295.00M	-272.90M
Financing Cash Flow	-89.53M	-93.15M	-78.88M	86.13M	270.11M	243.43M

Gladstone Land Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 9.04
• 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 Neutral. The current price of 9.04 is below the 20-day moving average (MA) of 9.33, below the 50-day MA of 9.17, and below the 200-day MA of 9.64, indicating a neutral trend. The MACD of 0.13 indicates Negative momentum. The RSI at 51.13 is Neutral, neither overbought nor oversold. The STOCH value of 39.07 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for LAND.

Gladstone Land Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LXP	78 Outperform	$2.71B	24.21	5.62%	5.54%	6.98%	465.32%
STAG	75 Outperform	$7.18B	29.70	7.17%	3.86%	9.62%	31.08%
PLYM	72 Outperform	$1.00B	11.13	20.14%	4.31%	-4.99%	10123.98%
IIPR	66 Neutral	$1.34B	11.27	6.49%	15.97%	-11.22%	-24.64%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
LAND	61 Neutral	$349.94M	―	1.46%	5.97%	-23.25%	-51.02%
ILPT	50 Neutral	$355.96M	-4.02	-16.39%	2.22%	1.08%	14.30%

Gladstone Land Corporate Events

Gladstone Land Reports Strong Q3 2025 Performance

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

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.