Gladstone Land/$LAND
1D1W1MYTD1Y5YMAX
Capital at risk
About Gladstone Land
Gladstone Land Corp is an externally-managed, agricultural REIT. It is mainly in the business of owning and leasing farmland. It manages operations in one reporting segment: Real Estate Rental Operations. It is focused on the ownership of farms and farm-related properties that are leased on a triple-net basis to tenants with a good operating history and deep farming resources. The farmland is predominantly concentrated in locations where farmers are able to grow either fresh produce or annual row crops (e.g., certain berries and vegetables), which are typically planted and harvested annually, or certain permanent crops (e.g., almonds, blueberries, pistachios, and wine grapes). To a much lesser extent, it also owns farms that grow certain commodity crops (e.g., corn and beans).
- Ticker
- $LAND
- Sector
- Real Estate
- Primary listing
- NASDAQ
- Employees
- -
- Headquarters
- McLean, United States
- Website
- www.gladstonefarms.com
Gladstone Land Metrics
BasicAdvanced
$404M
-
-$0.74
1.07
$0.56
5.98%
Price and volume
Market cap
$404M
Beta
1.07
52-week high
$13.00
52-week low
$7.92
Average daily volume
734K
Dividend rate
$0.56
Financial strength
Current ratio
1.658
Quick ratio
1.343
Long term debt to equity
0.723
Total debt to equity
0.723
Interest coverage (TTM)
1.04%
Profitability
EBITDA (TTM)
66.918
Gross margin (TTM)
71.68%
Net profit margin (TTM)
-7.30%
Operating margin (TTM)
24.67%
Management effectiveness
Return on assets (TTM)
1.11%
Return on equity (TTM)
-0.96%
Valuation
Price to revenue (TTM)
4.166
Price to book
0.6
Price to tangible book (TTM)
0.6
Price to free cash flow (TTM)
93.461
Free cash flow yield (TTM)
1.07%
Free cash flow per share (TTM)
0.1
Dividend yield (TTM)
5.98%
Forward dividend yield
5.98%
Growth
Revenue change (TTM)
21.79%
Earnings per share change (TTM)
67.16%
3-year revenue growth (CAGR)
-1.03%
10-year revenue growth (CAGR)
19.90%
3-year earnings per share growth (CAGR)
33.43%
10-year earnings per share growth (CAGR)
22.75%
3-year dividend per share growth (CAGR)
0.63%
10-year dividend per share growth (CAGR)
1.48%
Bulls say / Bears say
Almond and pistachio economics are improving. Gladstone said its 2025 yields exceeded expectations, the initial 2026 pistachio price rose 67%, and almond prices were 15%–20% above the prior year, creating upside for participation rents later in 2026. (Gladstone Land, Morningstar)
The underlying rental base is showing some improvement. Second-quarter cash lease revenue rose 7.9%, helped by roughly $899,000 of additional fixed-base rent, while seven subsequent lease deals were expected to lift annual net operating income by about $297,000. (Morningstar, Gladstone Land)
LAND has useful financial headroom while it waits for conditions to improve. Management reported about $125 million of available capital, $110 million of unpledged properties, more than 95% fixed-rate borrowings and only about $33 million of debt maturities over the next year. (The Motley Fool)
Recurring cash earnings still do not cover the payout comfortably. Second-quarter adjusted FFO was negative $1.6 million, or negative $0.04 per share, while the net loss attributable to common shareholders was about $13.5 million. (The Motley Fool, Gladstone Land)
The move away from fixed rent increases earnings volatility. Three farms have reduced or eliminated base rent in exchange for crop-linked payments, and the company expects most 2026 revenue and earnings in the fourth quarter; one quarter's lease changes also reduced annual net operating income by about $931,000. (Gladstone Land, Morningstar)
Financing and portfolio growth remain constrained. About $148 million of loans have fixed-rate terms resetting within a year, including roughly $130 million in January 2027, while management made no acquisitions in the quarter and is waiting for lower rates before resuming growth. (The Motley Fool, Gladstone Land)
Data summarised monthly by Lightyear AI. Last updated on 15 Sept 2026.
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Funds containing Gladstone Land
AllEURGBP
Fund name | Fund size | $LAND weighting |
|---|---|---|
SPDR Russell 2000 US Small Cap€R2US | €4.8B | 0.01% |
SPDR Russell 2000 US Small Cap£R2SC | £4.1B | 0.01% |
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