Gladstone Land (LAND) AI Stock Analysis

• Market Cap: $373.79M
• Dividend Yield: 6.36%
• Average Volume (3M): 553.66K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.37
• 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: 656,599
• 30 Day Avg. Volume: 553,658
• 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: 2.25
• Enterprise Value/Revenue: 12.40
• Enterprise Value/Gross Profit: 13.51
• Enterprise Value/Ebitda: 13.13
• 1Y Price Target: $10.00
• Price Target Upside: -0.30% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 3
• EPS Forecast (FY): -0.43
• Revenue Forecast (FY): $77.05M

• Rating: 61 Neutral
• Price Target: $10.00 ▼(-0.30% Downside)

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

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 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 cost management and a stable capital structure. However, declining revenue and profitability, coupled with significant reductions in free cash flow, highlight potential challenges in growth and cash generation. The company should focus on improving revenue streams and enhancing cash flow efficiency to strengthen its financial position.

Income Statement

Gladstone Land's income statement shows a strong gross profit margin of 92.29% for the TTM, indicating efficient cost management. However, the net profit margin has decreased to 10.69%, reflecting challenges in maintaining profitability. Revenue has declined by 6.58% in the TTM, suggesting potential issues in revenue generation or market conditions. The EBIT margin of 16.65% is solid, but lower than previous years, indicating pressure on operating income.

Balance Sheet

The balance sheet reflects a moderate debt-to-equity ratio of 0.74, indicating a balanced approach to leveraging. The equity ratio stands at 54.01%, showing a stable capital structure. However, the return on equity is relatively low at 1.14%, suggesting limited profitability from shareholder equity. Overall, the balance sheet is stable but shows room for improvement in profitability.

Cash Flow

Cash flow analysis reveals a significant decline in free cash flow growth by 94.07% in the TTM, raising concerns about cash generation capabilities. The operating cash flow to net income ratio is 1.08, indicating adequate cash flow relative to net income. However, the free cash flow to net income ratio of 0.60 suggests challenges in converting income into free cash flow.

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: Positive
• Last Price: 10.03
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

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 10.03 is above the 20-day moving average (MA) of 9.25, above the 50-day MA of 9.21, and above the 200-day MA of 9.26, indicating a bullish trend. The MACD of 0.23 indicates Negative momentum. The RSI at 78.13 is Negative, neither overbought nor oversold. The STOCH value of 90.61 is Negative, 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
STAG	75 Outperform	$7.07B	29.26	7.17%	4.02%	9.62%	31.08%
LXP	74 Outperform	$3.04B	27.07	5.62%	5.33%	6.98%	465.32%
IIPR	69 Neutral	$1.42B	11.95	6.49%	13.07%	-11.22%	-24.64%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
PLYM	64 Neutral	$985.06M	10.94	20.14%	4.39%	-4.99%	10123.98%
LAND	61 Neutral	$373.79M	-25.63	1.46%	6.36%	-23.25%	-51.02%
ILPT	50 Neutral	$397.29M	-4.44	-16.39%	2.20%	1.08%	14.30%

Gladstone Land Corporate Events

Gladstone Land Redeeming and Delisting Series D Preferred

On January 6, 2026, Gladstone Land Corporation announced it would redeem all outstanding shares of its 5.00% Series D Cumulative Term Preferred Stock at a redemption price of $25.100695 per share, including accrued and unpaid dividends through but excluding January 30, 2026, which has been set as the redemption date. Following the redemption, the Series D preferred shares will cease to be outstanding, all associated rights will terminate other than the right to receive the redemption payment, and the issue will be delisted from trading on the Nasdaq Global Market, marking a clean exit of this preferred series from the company’s capital structure and affecting holders who will be cashed out of the security.

The most recent analyst rating on (LAND) stock is a Hold with a $10.00 price target. To see the full list of analyst forecasts on Gladstone Land stock, see the LAND Stock Forecast page.