LAND Stock Analysis: Gladstone Land | NASDAQ
REIT - Specialty | NASDAQ, USA | Market Cap: 373m USD | 12M Return: -14.1% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 6.23M
Qual. Beats: 0
Rev. Trend: -53.1%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 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: -5.88m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -1.44 > 1.0 |
| NWC/Revenue: 1.96% < 20% (prev 28.93%; Δ -26.97% < -1%) |
| CFO/TA 0.01 > 3% & CFO 11.8m > Net Income -5.88m |
| Net Debt (479.6m) to EBITDA (52.7m): 9.10 < 3 |
| Current Ratio: 1.15 > 1.5 & < 3 |
| Outstanding Shares: last quarter (40.9m) vs 12m ago 12.91% < -2% |
| Gross Margin: -11.24% > 18% (prev 70.04%; Δ -81.28% > 0.5%) |
| Asset Turnover: 7.09% > 50% (prev 6.38%; Δ 0.71% > 0%) |
| Interest Coverage Ratio: 0.73 > 6 (EBIT TTM 16.1m / Interest Expense TTM 22.1m) |
| A: 0.00 (Total Current Assets 12.9m - Total Current Liabilities 11.2m) / Total Assets 1.20b |
| B: -0.18 (Retained Earnings -221.3m / Total Assets 1.20b) |
| C: 0.01 (EBIT TTM 16.1m / Avg Total Assets 1.24b) |
| D: 1.34 (Book Value of Equity 688.3m / Total Liabilities 515.4m) |
| Altman-Z'' = 0.90 = B |
As of July 11, 2026, the stock is trading at USD 8.56 with a total of 422,844 shares traded. Over the past week, the price has changed by -1.04%, over one month by -5.52%, over three months by -16.35% and over the past year by -14.10%.
Current recommended Stop Loss: 8.30 (which is 3% or 1.3 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 | 11 | 28.5% |
P/E Forward = 185.1852
P/S = 4.2398
P/B = 0.5427
P/EG = 22.95
Revenue TTM = 88.1m USD
EBIT TTM = 16.1m USD
EBITDA TTM = 52.7m USD
Long Term Debt = 467.5m USD (from longTermDebt, last quarter)
Short Term Debt = 11.2m USD (from shortTermDebt, last quarter)
Debt = 488.2m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 479.6m USD (calculated: Debt 488.2m - CCE 8.62m)
Enterprise Value = 852.7m USD (373.1m + Debt 488.2m - CCE 8.62m)
Interest Coverage Ratio = 0.73 (Ebit TTM 16.1m / Interest Expense TTM 22.1m)
EV/FCF = 136.7x (Enterprise Value 852.7m / FCF TTM 6.24m)
FCF Yield = 0.73% (FCF TTM 6.24m / Enterprise Value 852.7m)
FCF Margin = 7.08% (FCF TTM 6.24m / Revenue TTM 88.1m)
Net Margin = -6.68% (Net Income TTM -5.88m / Revenue TTM 88.1m)
Gross Margin = -11.24% ((Revenue TTM 88.1m - Cost of Revenue TTM 98.0m) / Revenue TTM)
Gross Margin QoQ = -48.89% (prev 19.91%)
Tobins Q-Ratio = 0.71 (Enterprise Value 852.7m / Total Assets 1.20b)
Interest Expense / Debt = 4.52% (Interest Expense 22.1m / Debt 488.2m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 12.8m (EBIT 16.1m * (1 - 21.00%))
Current Ratio = 1.15 (Total Current Assets 12.9m / Total Current Liabilities 11.2m)
Debt / Equity = 0.71 (Debt 488.2m / totalStockholderEquity, last quarter 688.3m)
Debt / EBITDA = 9.10 (Net Debt 479.6m / EBITDA 52.7m)
Debt / FCF = 76.90 (Net Debt 479.6m / FCF TTM 6.24m)
Total Stockholder Equity = 672.6m (last 4 quarters mean from totalStockholderEquity)
RoA = -0.47% (Net Income -5.88m / Total Assets 1.20b)
RoE = -0.87% (Net Income TTM -5.88m / Total Stockholder Equity 672.6m)
RoCE = 1.42% (EBIT 16.1m / Capital Employed (Equity 672.6m + L.T.Debt 467.5m))
RoIC = 1.06% (NOPAT 12.8m / Invested Capital 1.20b)
WACC = 5.33% (E(373.1m)/V(861.4m) * Re(7.63%) + D(488.2m)/V(861.4m) * Rd(4.52%) * (1-Tc(0.21)))
Discount Rate = 7.63% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 95.45 | Cagr: 6.13%
[DCF] Terminal Value 73.10% ; FCFF base≈13.8m ; Y1≈12.1m ; Y5≈9.76m
[DCF] Fair Price = N/A (negative equity: EV 156.7m - Net Debt 479.6m = -323.0m; debt exceeds intrinsic value)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.0 | # QB: 0
Revenue Correlation: -53.06 | Revenue CAGR: -5.42% | SUE: 0.63 | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.28 | Chg30d=-22.98% | Revisions=-40% | Analysts=3
EPS next Quarter (2026-09-30): EPS=-0.18 | Chg30d=-47.25% | Revisions=-40% | Analysts=3
EPS current Year (2026-12-31): EPS=-0.47 | Chg30d=-3.68% | Revisions=+0% | GrowthEPS=-102.3% | GrowthRev=-3.1%
EPS next Year (2027-12-31): EPS=-0.48 | Chg30d=-13.50% | Revisions=-40% | GrowthEPS=-1.4% | GrowthRev=+1.7%
[Analyst] Revisions Ratio: -55% (up=1, down=7)