Gladstone Land/$LAND
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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
$316M
-
-$0.74
1.07
$0.56
7.65%
Price and volume
Market cap
$316M
Beta
1.07
52-week high
$13.00
52-week low
$7.09
Average daily volume
714K
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)
3.259
Price to book
0.47
Price to tangible book (TTM)
0.47
Price to free cash flow (TTM)
73.113
Free cash flow yield (TTM)
1.37%
Free cash flow per share (TTM)
0.1
Dividend yield (TTM)
7.65%
Forward dividend yield
7.65%
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
Higher almond prices and a 67% increase in the initial 2026 pistachio price could lift crop-share income. The company also reported strong 2025 almond and pistachio yields, although the 2026 pistachio crop is expected to be smaller. (Morningstar)
Second-quarter operating revenue rose 3.2% year on year, while the adjusted FFO loss narrowed to $1.6 million from $3.5 million. That points to improving cash performance, even though it remains loss-making. (Gladstone Land)
Near-term liquidity provides a buffer: management reported $125 million of immediately available capital and about $110 million of unpledged properties. More than 95% of borrowings were fixed at an average 3.45% rate for another 2.3 years. (The Motley Fool)
The common dividend is not currently covered by reported cash earnings: second-quarter adjusted FFO was negative $0.04 per share, against a $0.14 quarterly dividend. The company also reported a $13.5 million net loss attributable to common shareholders. (Morningstar)
Some farms now have lower or no fixed base rent in exchange for crop-linked payments, leaving much of 2026 revenue and earnings to be recognised in the fourth quarter. This makes results more dependent on crop outcomes and prices; the 2026 pistachio crop is also expected to suffer from an off-year and heat-affected pollination. (U.S. Securities and Exchange Commission, Morningstar)
About $148 million of loans are due to reset their interest rates over the next year, including roughly $130 million under the MetLife facility in January 2027. Higher rates on those loans could increase financing costs and weigh on already weak cash earnings. (The Motley Fool)
Data summarised monthly by Lightyear AI. Last updated on 12 Oct 2026.
Gladstone Land Financial Performance
Revenues and expenses
Gladstone Land Earnings Performance
Company profitability
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Funds containing Gladstone Land
Fund name | Fund size | $LAND weighting |
|---|---|---|
SPDR Russell 2000 US Small Cap€R2US | $5.3B | 0.01% |
SPDR Russell 2000 US Small Cap£R2SC | $5.3B | 0.01% |
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