LAND Stock Analysis: Gladstone Land | NASDAQ
REIT - Specialty | NASDAQ, USA | Market Cap: 407m USD | 12M Return: 10.2% | US3765491010 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 6.67M
Qual. Beats: 0
Rev. Trend: -35.4%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 11.7 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Gladstone Land Corporation (LAND) is a U.S. real estate investment trust (REIT) that acquires and owns farmland and farm-related properties, primarily in major agricultural markets across 15 states. Its portfolio is concentrated on fresh produce annual row crops (such as berries and vegetables) and permanent crops (including almonds, blueberries, figs, olives, pistachios, and wine grapes), with a meaningful share of acreage dedicated to organic production or land in transition to organic status. The company also holds water assets in California, a notable feature given the regions recurring drought conditions and the value of secure water rights to agricultural operators.
As a REIT, Gladstone Land is structured to distribute the majority of its taxable income to shareholders and pays monthly cash distributions on its common stock, having maintained uninterrupted distributions since its January 2013 IPO. The farmland REIT sub-industry typically uses long-term triple-net lease arrangements with farmer-tenants, meaning tenants generally pay property taxes, insurance, and maintenance in addition to rent-a structure that produces relatively predictable rental income for the landlord while shifting operating risks to the farming tenants.
- Rising interest rates pressure small-cap farmland REIT valuations
- California water rights drive long-term asset value appreciation
- Farm acquisitions and rent escalations fuel FFO growth
| Net Income: -6.47m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 1.20 > 1.0 |
| NWC/Revenue: 20.06% < 20% (prev 38.14%; Δ -18.08% < -1%) |
| CFO/TA 0.02 > 3% & CFO 27.8m > Net Income -6.47m |
| Net Debt (469.5m) to EBITDA (50.5m): 9.29 < 3 |
| Current Ratio: 2.57 > 1.5 & < 3 |
| Outstanding Shares: last quarter (42.9m) vs 12m ago 18.59% < -2% |
| Gross Margin: -9.71% > 18% (prev 40.55%; Δ -50.26% > 0.5%) |
| Asset Turnover: 7.22% > 50% (prev 5.78%; Δ 1.44% > 0%) |
| Interest Coverage Ratio: 0.69 > 6 (EBIT TTM 14.5m / Interest Expense TTM 21.0m) |
| A: 0.01 (Total Current Assets 29.1m - Total Current Liabilities 11.3m) / Total Assets 1.19b |
| B: -0.20 (Retained Earnings -240.8m / Total Assets 1.19b) |
| C: 0.01 (EBIT TTM 14.5m / Avg Total Assets 1.23b) |
| D: 1.30 (Book Value of Equity 673.1m / Total Liabilities 519.1m) |
| Altman-Z'' = 0.88 = B |
As of September 27, 2026, the stock is trading at USD 9.48 with a total of 514,007 shares traded. Over the past week, the price has changed by +1.03%, over one month by +8.51%, over three months by +13.35% and over the past year by +10.16%.
Current recommended Stop Loss: 8.90 (which is 6.1% or 2.5 ATR below the current price).
Gladstone Land has received a consensus analysts rating of 3.57. Therefore, it is recommended to hold LAND.
- StrongBuy: 2
- Buy: 0
- Hold: 5
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 9.3 | -1.6% |
P/E Forward = 185.1852
P/S = 4.595
P/B = 0.6056
P/EG = 22.95
Revenue TTM = 88.5m USD
EBIT TTM = 14.5m USD
EBITDA TTM = 50.5m USD
Long Term Debt = 464.9m USD (from longTermDebt, last quarter)
Short Term Debt = 11.3m USD (from shortTermDebt, last quarter)
Debt = 492.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 469.5m USD (calculated: Debt 492.1m - CCE 22.6m)
Enterprise Value = 876.3m USD (406.8m + Debt 492.1m - CCE 22.6m)
Interest Coverage Ratio = 0.69 (Ebit TTM 14.5m / Interest Expense TTM 21.0m)
EV/FCF = 35.32x (Enterprise Value 876.3m / FCF TTM 24.8m)
FCF Yield = 2.83% (FCF TTM 24.8m / Enterprise Value 876.3m)
FCF Margin = 28.04% (FCF TTM 24.8m / Revenue TTM 88.5m)
Net Margin = -7.31% (Net Income TTM -6.47m / Revenue TTM 88.5m)
Gross Margin = -9.71% ((Revenue TTM 88.5m - Cost of Revenue TTM 97.1m) / Revenue TTM)
Gross Margin QoQ = -50.21% (prev -48.89%)
Tobins Q-Ratio = 0.74 (Enterprise Value 876.3m / Total Assets 1.19b)
Interest Expense / Debt = 4.27% (Interest Expense 21.0m / Debt 492.1m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 11.5m (EBIT 14.5m * (1 - 21.00%))
Current Ratio = 2.57 (Total Current Assets 29.1m / Total Current Liabilities 11.3m)
Debt / Equity = 0.73 (Debt 492.1m / totalStockholderEquity, last quarter 673.1m)
Debt / EBITDA = 9.29 (Net Debt 469.5m / EBITDA 50.5m)
Debt / FCF = 18.93 (Net Debt 469.5m / FCF TTM 24.8m)
Total Stockholder Equity = 673.4m (last 4 quarters mean from totalStockholderEquity)
RoA = -0.53% (Net Income -6.47m / Total Assets 1.19b)
RoE = -0.96% (Net Income TTM -6.47m / Total Stockholder Equity 673.4m)
RoCE = 1.28% (EBIT 14.5m / Capital Employed (Equity 673.4m + L.T.Debt 464.9m))
RoIC = 0.97% (NOPAT 11.5m / Invested Capital 1.19b)
WACC = 5.12% (E(406.8m)/V(898.8m) * Re(7.23%) + D(492.1m)/V(898.8m) * Rd(4.27%) * (1-Tc(0.21)))
Discount Rate = 7.23% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 75.16 | Cagr: 8.33%
[DCF] Terminal Value 77.97% ; FCFF base≈19.3m ; Y1≈22.2m ; Y5≈32.6m
[DCF] Fair Price = 0.50 (EV 491.0m - Net Debt 469.5m = Equity 21.5m / Shares 43.1m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.35 | # QB: 0
Revenue Correlation: -35.35 | Revenue CAGR: -3.58% | SUE: -0.05 | # QB: 0
EPS current Quarter (2026-09-30): EPS=-0.10 | Chg30d=+43.41% | Revisions=+40% | Analysts=2
EPS current Year (2026-12-31): EPS=-0.50 | Chg30d=+14.22% | Revisions=+50% | GrowthEPS=-73.6% | GrowthRev=-5.2%
EPS next Year (2027-12-31): EPS=-0.30 | Chg30d=+36.02% | Revisions=+40% | GrowthEPS=+11.3% | GrowthRev=+4.2%
[Analyst] Revisions Ratio: +70% (up=7, down=0)