(LAND) Gladstone Land - Overview
Stock: Farmland, Water Assets, Cooling Facilities, Processing Buildings
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 5.82% |
| Yield on Cost 5y | 4.52% |
| Yield CAGR 5y | 1.09% |
| Payout Consistency | 93.8% |
| Payout Ratio | - |
| Risk 5d forecast | |
|---|---|
| Volatility | 26.7% |
| Relative Tail Risk | -5.76% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.26 |
| Alpha | -2.10 |
| Character TTM | |
|---|---|
| Beta | 0.428 |
| Beta Downside | 0.452 |
| Drawdowns 3y | |
|---|---|
| Max DD | 49.00% |
| CAGR/Max DD | -0.25 |
Description: LAND Gladstone Land December 29, 2025
Gladstone Land Corporation (NASDAQ: LAND) is a REIT founded in 1997 that focuses on acquiring and operating farmland and ancillary farm-related assets across major U.S. agricultural markets. The portfolio comprises roughly 150 farms (≈103,000 acres) in 15 states plus over 55,000 acre-feet of water rights in California. The acreage is split between annual row-crop farms (berries, vegetables) and permanent-crop orchards (almonds, blueberries, figs, olives, pistachios, wine grapes), with more than 30 % of the fresh-produce land and 20 % of the permanent-crop land either certified organic or transitioning to organic status. Gladstone Land also holds non-farm properties such as cooling, processing, packaging, and distribution facilities, and it has a track record of 147 consecutive monthly cash distributions, currently $0.0467 per share (≈$0.5604 annually).
Key metrics that investors watch include a 2023 Funds-From-Operations (FFO) yield of roughly 7.5 % and an occupancy-adjusted net operating income (NOI) growth of about 4 % YoY, driven by rising farm-gate prices for high-value specialty crops. Water scarcity in the Western U.S. is a sector-wide catalyst that enhances the strategic value of LAND’s California water assets, while the expanding consumer preference for organic produce supports premium pricing on its organic-transition acreage. Additionally, the REIT’s dividend payout ratio hovers near 90 % of FFO, reflecting its commitment to cash-return while leaving limited headroom for aggressive acquisition unless capital markets are favorable.
For a deeper dive into LAND’s valuation metrics, you might explore the analysis on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 2.0
| Net Income: 9.86m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.00 > 0.02 and ΔFCF/TA -2.12 > 1.0 |
| NWC/Revenue: -2.37% < 20% (prev -9.69%; Δ 7.32% < -1%) |
| CFO/TA 0.01 > 3% & CFO 7.96m > Net Income 9.86m |
| Net Debt (469.0m) to EBITDA (64.2m): 7.31 < 3 |
| Current Ratio: 0.88 > 1.5 & < 3 |
| Outstanding Shares: last quarter (36.2m) vs 12m ago 0.98% < -2% |
| Gross Margin: 91.75% > 18% (prev 0.94%; Δ 9080 % > 0.5%) |
| Asset Turnover: 5.35% > 50% (prev 6.72%; Δ -1.38% > 0%) |
| Interest Coverage Ratio: 1.48 > 6 (EBITDA TTM 64.2m / Interest Expense TTM 20.4m) |
Altman Z'' -0.74
| A: -0.00 (Total Current Assets 11.3m - Total Current Liabilities 12.9m) / Total Assets 1.23b |
| B: -0.16 (Retained Earnings -198.5m / Total Assets 1.23b) |
| C: 0.02 (EBIT TTM 30.3m / Avg Total Assets 1.27b) |
| D: -0.34 (Book Value of Equity -193.4m / Total Liabilities 564.0m) |
| Altman-Z'' Score: -0.74 = B |
What is the price of LAND shares?
Over the past week, the price has changed by -1.26%, over one month by +17.19%, over three months by +19.80% and over the past year by +7.53%.
Is LAND a buy, sell or hold?
- StrongBuy: 2
- Buy: 0
- Hold: 5
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the LAND price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 10.8 | -1.6% |
| Analysts Target Price | 10.8 | -1.6% |
| ValueRay Target Price | 11.6 | 5.1% |
LAND Fundamental Data Overview February 03, 2026
P/B = 0.5879
P/EG = 22.95
Revenue TTM = 68.0m USD
EBIT TTM = 30.3m USD
EBITDA TTM = 64.2m USD
Long Term Debt = 480.2m USD (from longTermDebt, last quarter)
Short Term Debt = 200.0k USD (from shortTermDebt, last quarter)
Debt = 480.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 469.0m USD (from netDebt column, last quarter)
Enterprise Value = 884.6m USD (415.5m + Debt 480.4m - CCE 11.3m)
Interest Coverage Ratio = 1.48 (Ebit TTM 30.3m / Interest Expense TTM 20.4m)
EV/FCF = 1000.0x (Enterprise Value 884.6m / FCF TTM 660.0k)
FCF Yield = 0.07% (FCF TTM 660.0k / Enterprise Value 884.6m)
FCF Margin = 0.97% (FCF TTM 660.0k / Revenue TTM 68.0m)
Net Margin = 14.50% (Net Income TTM 9.86m / Revenue TTM 68.0m)
Gross Margin = 91.75% ((Revenue TTM 68.0m - Cost of Revenue TTM 5.61m) / Revenue TTM)
Gross Margin QoQ = 92.22% (prev 89.90%)
Tobins Q-Ratio = 0.72 (Enterprise Value 884.6m / Total Assets 1.23b)
Interest Expense / Debt = 1.01% (Interest Expense 4.85m / Debt 480.4m)
Taxrate = 21.0% (US default 21%)
NOPAT = 23.9m (EBIT 30.3m * (1 - 21.00%))
Current Ratio = 0.88 (Total Current Assets 11.3m / Total Current Liabilities 12.9m)
Debt / Equity = 0.73 (Debt 480.4m / totalStockholderEquity, last quarter 661.8m)
Debt / EBITDA = 7.31 (Net Debt 469.0m / EBITDA 64.2m)
Debt / FCF = 710.7 (Net Debt 469.0m / FCF TTM 660.0k)
Total Stockholder Equity = 677.2m (last 4 quarters mean from totalStockholderEquity)
RoA = 0.78% (Net Income 9.86m / Total Assets 1.23b)
RoE = 1.46% (Net Income TTM 9.86m / Total Stockholder Equity 677.2m)
RoCE = 2.61% (EBIT 30.3m / Capital Employed (Equity 677.2m + L.T.Debt 480.2m))
RoIC = 2.03% (NOPAT 23.9m / Invested Capital 1.18b)
WACC = 3.90% (E(415.5m)/V(895.9m) * Re(7.49%) + D(480.4m)/V(895.9m) * Rd(1.01%) * (1-Tc(0.21)))
Discount Rate = 7.49% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 0.64%
[DCF Debug] Terminal Value 85.55% ; FCFF base≈11.8m ; Y1≈11.0m ; Y5≈10.0m
Fair Price DCF = N/A (negative equity: EV 301.2m - Net Debt 469.0m = -167.8m; debt exceeds intrinsic value)
EPS Correlation: 1.73 | EPS CAGR: 6.10% | SUE: -0.84 | # QB: 0
Revenue Correlation: -55.91 | Revenue CAGR: -6.41% | SUE: 1.74 | # QB: 1
EPS next Quarter (2026-03-31): EPS=-0.17 | Chg30d=+0.010 | Revisions Net=-1 | Analysts=2
EPS next Year (2026-12-31): EPS=-0.45 | Chg30d=+0.045 | Revisions Net=+1 | Growth EPS=-50.0% | Growth Revenue=+5.4%