Gladstone Land Corporation (LAND) AI Stock Analysis
LAND AI stock analysis summary
AI ResearchGladstone Land Corporation (NASDAQ: LAND) is an agricultural real estate investment trust owning farmland and related properties leased to independent farmers. Over the trailing twelve months, the company generated $88.5M in revenue but posted an operating margin of -0.3% and net EPS of -$0.72. LAND also carries $492.1M in total debt against $22.6M in cash and short-term investments.
- Market cap
- $400.3M
- Revenue (TTM)
- $88.5M
- P/E
- — fwd 185.2x
- 1Y return
- 7.5% S&P 500 16.8%
- Avg. target
- $9.33 0.6% vs last close
Bull case
- The company provides a forward dividend yield of 6.03% backed by 14 consecutive years of dividend distributions.
- Farmland assets remain substantial, encompassing approximately 94,000 acres valued at roughly $1.0 billion.
- Quarterly earnings for the period ended June 30, 2026, rose 21.1% year-over-year alongside a 4.2% revenue increase.
Bear case
- Dilution has been significant, with the company's share count increasing 36.8% over the past five years.
- Free cash flow turned negative at -$168,000 in FY2025 while the company paid out $44.5M in dividends.
- The stock trades at an elevated forward P/E multiple of 185.2x compared to the peer median of 23.5x.
What Gladstone Land does
Founded in 1997, Gladstone Land Corporation operates as a publicly traded real estate investment trust specializing in the acquisition and ownership of farmland and farm-related properties across key agricultural markets in the United States. The company leases these properties to independent third-party farmers. Its portfolio includes 127 farms covering approximately 94,000 acres in 13 states, valued at roughly $1.0 billion. The properties produce fresh produce and annual row crops like berries and vegetables, as well as permanent crops including almonds, apples, figs, olives, pistachios, blueberry groves, and vineyards. It may also acquire supporting infrastructure such as cooling, processing, packaging, and distribution facilities.
Growth and profitability
Gladstone Land grew revenue from $75.3M in FY2021 to $88.3M in FY2025, representing a 5-year revenue CAGR of 9.1% from FY2020. Annual revenue grew 3.7% in FY2025 after contracting 5.7% in FY2024 to $85.2M. Net income reached $13.5M in FY2025, producing diluted EPS of $0.26, while gross margin came in at -5.7% and operating margin was 27.2%. In the trailing twelve months ended June 30, 2026, revenue stood at $88.5M with a net profit margin of -7.3% and EPS of -$0.72. For the latest quarter ended June 30, 2026, revenue grew 4.2% year-over-year while quarterly earnings expanded 21.1%.
Balance sheet and cash flow
As of June 30, 2026, Gladstone Land held $22.6M in cash and short-term investments against total debt of $492.1M, yielding net debt of $469.5M. Total assets stood at $1.19B with shareholders' equity of $673.1M, resulting in a debt-to-equity ratio of 0.73 and a current ratio of 2.57. For FY2025, operating cash flow was $7.0M, while capital expenditures totaled $7.2M, resulting in free cash flow of -$168,000. Capital deployment included $44.5M paid in dividends and $102,000 in share buybacks, while the share count rose 36.8% over five years.
Valuation and performance
At a share price of $9.28, Gladstone Land has a market capitalization of $400.3M and an enterprise value of $874.6M. LAND trades at a forward P/E of 185.2x, significantly higher than the 23.5x median of its US-listed Real Estate peers. Its enterprise value to EBITDA ratio is 17.9x versus the peer median of 14.7x, while price-to-sales is 4.5x compared to the peer median of 3.7x. The company trades at a price-to-book multiple of 0.6x. Over the past year, LAND gained 7.5%, trailing the S&P 500 return of 16.8%, and fell 50.5% over the past 5 years compared to an 83.0% gain for the index.
LAND dividend
Gladstone Land pays a monthly dividend with an annualized forward rate of $0.56 per share, representing a 6.03% dividend yield. The company has paid dividends for 14 consecutive years, reflecting a 5-year annualized dividend growth rate of 0.9%. Total dividends paid in FY2025 amounted to $44.5M, and its last ex-dividend date is recorded as December 21, 2026.
What analysts expect
Wall Street coverage on LAND consists of 1 Strong Buy and 4 Hold ratings. The mean price target is $9.33, implying an upside of 0.6% over the last close of $9.28. For the fiscal year ending December 31, 2026, consensus estimates point to revenue of $83.8M and an EPS of -$0.50, representing an EPS drop of 73.6%. For the following fiscal year, 2 analysts project revenue of $87.3M and an EPS of -$0.30. Gladstone Land has beaten EPS estimates in 1 of the last 4 quarters, and its next earnings report is scheduled for November 4, 2026.
Key risks and what to watch
- Net debt stands at $469.5M against $22.6M in cash and short-term investments, which presents liquidity and leverage considerations.
- TTM profitability is negative, showing an operating margin of -0.3% and net profit margin of -7.3%.
- Short interest accounts for 10.2% of the float, indicating elevated negative positioning among market participants.
- Consensus estimates forecast an EPS loss of -$0.50 for FY2026, down 73.6% compared to the prior period.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this LAND AI stock analysis
This page is an AI-written research summary of Gladstone Land Corporation (LAND). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: LAND income statement, LAND balance sheet, LAND key metrics, LAND analyst forecast, LAND chart. See the LAND stock overview for the latest quote and news.
LAND AI stock analysis FAQ
What dividend does Gladstone Land pay?
Gladstone Land pays a monthly distribution with an annual forward dividend of $0.56 per share, which equates to a 6.03% yield. The trust has paid dividends for 14 consecutive years.
What assets does Gladstone Land own?
The trust owns 127 farms totaling about 94,000 acres across 13 states, valued at approximately $1.0 billion. Its portfolio covers both annual fresh produce row crops and permanent crops like nuts, fruit, and vineyards.
What is Gladstone Land's valuation compared to peers?
LAND trades at a forward P/E of 185.2x and an EV/EBITDA of 17.9x. These multiples are higher than the US-listed Real Estate peer medians of 23.5x and 14.7x, respectively.
When is Gladstone Land's next earnings announcement?
Gladstone Land is scheduled to report earnings on November 4, 2026. Consensus forecasts project full-year FY2026 EPS of -$0.50 on revenue of $83.8M.