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Gladstone Land Corporation

LAND Real Estate Reit Specialty

Gladstone Land Corporation’s revenue for fiscal 2025 (year ended December 2025) was $88.3 million, up 3.66% from fiscal 2024.

Revenue
+3.22%
EPS
+15.8%
Free cash flow
+1,646.3%
Total debt
−2.09%

Quarter to June 2026, against a year earlier

7.07 0.04 +0.57%
Market cap
$303.3M
P/E
0.0×
Fwd P/E
−14.7×
Dividend yield
7.97%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Size
Market Cap 303.25
Revenue ttm 88.48
Net income ttm (6.46)
Free cash flow ttm 54.09
Net debt Q 463.48
Valuation
P/E 0.00
Forward P/E (14.70) (negative: loss-making)
Price / sales 3.41
Forward P/S Powerpack
Price / FCF 5.58
Price / book 0.45
Financial health
Current ratio Q 1.29
Debt / equity Q 0.72
Interest coverage Q (0.92)
Growth
Revenue growth Q +3.22% (above 0%: growing)
Operating income growth Q −1,914.02% (below 0%: shrinking)
EPS, this year −75.38% (below 0%: weak)
EPS, next year A +49.01% (at or above 15%: strong)
Revenue, next year A −5.19% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A −15.64% (below 0%: weak)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 8.6×, against a ten-year median of 15.2×; over the ten years it ranged from 8.6× in 2026 to 23.5× in 2022.
P/S against its own 10 years 0.04%
10-year low 10-year high
P/B against its own 10 years 0.04%
10-year low 10-year high
EV/Sales against its own 10 years 0.04%
10-year low 10-year high
EV/FCF against its own 10 years 59.62%
10-year low 10-year high

Dividends

Yield
7.97%
Annual rate
0.56
Payout ratio
—
Growth, 2018–26
−7.02%/yr
  1. 1.00 ’18
  2. 1.00 ’19 −1
  3. 0.66 ’20 −34
  4. 0.76 ’21 +15
  5. 0.76 ’22 +1
  6. 0.55 ’23 −27
  7. 0.56 ’24 +1
  8. 0.56 ’25 +0
  9. 0.56 ’26 +0
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 19 18 27 23
Receivables — — — —
Inventory — — — —
Other — — — —
19 18 27 23
2023 2024 2025 Q'26
Payables 10 18 22 18
ST’ Debt — — — —
Other — — — —
10 18 22 18

Compound Annual Growth %

10y 5y 3y
Sales 22.20% 9.15% (0.34%)
Cash Flow 3.97% (22.49%) (45.75%)
Earnings 0.00% 0.00% 0.00%
Book Value 24.00% 11.80% (2.86%)

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.02 Actual −0.04

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 −0.03 0.04 Beat by 0.07
Q4 FY25 0.30 0.38 Beat by 0.08
Q1 FY26 0.01 0.08 Beat by 0.07
Q2 FY26 0.02 −0.04 Miss by 0.06
Q3 FY26 0.11 — Reports 10 November 2026

EPS $

Mar Jun Sep Dec Year
’26 (0.24) (0.32) — — —
’25 0.25 (0.38) (0.11) (0.05) (0.29)
’24 0.21 (0.19) (0.16) (0.15) (0.29)
’23 (0.12) 0.05 (0.08) (0.12) (0.28)
’22 (0.08) (0.11) (0.10) (0.14) (0.43)
’21 (0.08) (0.12) (0.05) (0.04) (0.29)
’20 0.05 (0.10) (0.04) (0.10) (0.20)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 17 13 — — —
’25 17 12 18 41 88
’24 20 21 23 21 85
’23 21 21 24 24 90
’22 20 20 24 25 89
’21 16 17 20 23 75
’20 15 13 14 15 57
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 9 20 — — —
’25 4 4 (12) 11 7
’24 3 16 (1) 12 30
’23 5 18 0 17 40
’22 8 12 4 21 44
’21 7 10 3 12 32
’20 3 6 2 13 25
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 9 20 — — —
’25 65 1 7 18 91
’24 66 15 (3) 15 93
’23 2 24 (4) 15 36
’22 4 (20) (37) 14 (38)
’21 1 (69) (61) (131) (261)
’20 (7) (18) (39) (183) (247)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 17 25 37 41 57 75 89 90 85 88 88 +19.8% 84 87 84 (1.8%)
Gross margin, % 86.55 86.61 86.70 85.02 89.24 88.23 87.53 85.84 83.92 72.50 82.50 (14.1) pt
EBT 0 0 3 2 5 4 5 15 13 14 (6) +45.2%
EBT margin, % 2.73 (0.14) 7.54 4.33 8.69 4.67 5.28 16.11 15.60 15.31 (7.31) +12.6 pt
Net income 0 0 3 2 5 4 5 15 13 14 (6) +45.2%
Per share, $
Per share, $ Revenue 1.73 2.08 2.37 2.08 2.56 2.48 2.58 2.53 2.37 2.42 2.06 +3.8%
Earnings 0.05 0.00 0.15 (0.13) (0.20) (0.29) (0.43) (0.28) (0.29) (0.29) (0.72) n/m
Cash flow 0.84 0.54 0.67 1.09 1.12 1.07 1.27 1.12 0.82 0.19 0.65 (15.1%)
Capex (9.54) (10.81) (6.05) (13.37) (12.24) (9.65) (2.38) (0.11) 1.76 2.30 0.61 n/m
Free cash flow (8.70) (10.27) (5.38) (12.28) (11.11) (8.58) (1.11) 1.02 2.59 2.50 1.26 n/m
Book value 8.77 9.78 11.68 14.23 17.24 19.40 21.16 20.14 19.14 18.36 15.69 +8.6%
Shares, m 10 12 16 20 22 30 35 36 36 37 39 +15.5%
Valuation, ×
Valuation, × P/E 270.43 0.00 88.31 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 35.9
P/S 6.50 6.52 4.85 6.25 5.71 13.61 7.17 5.72 4.57 3.78 3.41 6.5
P/B 1.28 1.39 0.98 0.91 0.85 1.74 0.87 0.72 0.57 0.50 0.45 1.0
EV/Sales 18.33 18.39 13.61 17.76 16.49 22.25 13.50 11.87 10.55 8.84 8.65 15.2
EV/FCF (3.65) (3.73) (5.98) (3.00) (3.80) (6.43) (31.39) 29.54 9.68 8.56 14.15 (1.0)
Cash, $m
Cash, $m Operating cash flow 8 7 10 21 25 32 44 40 30 7 28 (2.0%)
Capex (96) (130) (94) (262) (272) (293) (82) (4) 63 84 26 n/m
Free cash flow (87) (124) (83) (241) (247) (261) (38) 36 93 91 54 n/m
Balance, $m
Balance, $m Working capital 0 (4) 6 4 0 6 45 8 0 5 5 n/m
Net debt 205 298 321 468 615 651 565 556 509 446 463 +9.0%
Shareholders’ equity 88 118 181 279 384 589 731 720 687 670 673 +25.3%
Returns, %
Returns, % ROA 0.16 (0.01) 0.44 (0.36) (0.47) (0.72) (1.07) (0.69) (0.77) (0.82) (2.38) (1.0) pt
ROIC 1.51 1.71 1.51 1.61 1.73 1.60 1.63 1.64 1.53 1.12 0.67 (0.4) pt
ROE 0.54 (0.03) 1.51 (1.09) (1.33) (1.80) (2.27) (1.36) (1.49) (1.54) (4.35) (2.1) pt
People
People Employees 63 65 65 70 67 69 74 69 72 75 — +2.0%
Revenue/emp, $m 0.27 0.39 0.56 0.58 0.85 1.09 1.21 1.31 1.18 1.18 — +17.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 25 Oct 2026

Gladstone Land Corporation vs peers in Reit Specialty (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
RYN Rayonier Inc. $6.6B 47.5× 72.7× +272.15% (above 0%: growing) −97.72% (below 0%: shrinking) −88.66% (below 0%: shrinking) 19.08% 8.73% Compare
OUT OUTFRONT Media Inc. $5.6B 23.0× 22.4× +13.54% (above 0%: growing) +340.00% (above 0%: growing) +167.78% (above 0%: growing) 52.90% 22.22% Compare
EPR EPR Properties $4.6B 16.7× 18.8× +11.96% (above 0%: growing) +53.75% (above 0%: growing) −34.67% (below 0%: shrinking) 92.31% 68.23% Compare
BXDC Blackstone Digital Infrastructure Trust Inc. $1.6B — — — — — — 0.00% Compare
UNIT Uniti Group Inc. $1.3B 1.1× — (loss-making) +202.53% (above 0%: growing) n/m −379.58% (below 0%: shrinking) 57.83% 3.54% Compare
FRMI Fermi Inc. $981.1M — (loss-making) — — n/m −414.49% (below 0%: shrinking) — 0.00% Compare
FPI Farmland Partners Inc. $368.1M 46.6× 35.9× −13.10% (below 0%: shrinking) n/m −211.64% (below 0%: shrinking) 67.10% (128.02%) Compare
LAND Gladstone Land Corporation $303.3M — (loss-making) — (loss-making) +3.22% (above 0%: growing) n/m +1,646.28% (above 0%: growing) 74.05% (33.96%)
SELF Global Self Storage, Inc. $55.5M 27.0× 20.2× +0.63% (above 0%: growing) +16.67% (above 0%: growing) −13.35% (below 0%: shrinking) 60.34% 21.58% Compare
Median of peers $1.4B 25.0× 22.4× +12.75% +35.21% −88.66% 59.09% 6.14%

All 19 Reit Specialty stocks →

Pay and ownership Proxy statement filed 27 March 2026

Ownership

Directors and executive officers, together 6.13%
The Vanguard Group 8.37%
BlackRock, Inc. 6.45%
David Gladstone 6.03%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Gladstone Land Corporation (LAND) Latest News

19 Oct

Impact 3 · · 24/7 Wall St.

21 Sep

Impact 3 · · GuruFocus.com

18 Aug

Impact 4 · · The Motley Fool transcript

12 Aug

Impact 3 · transcript
Impact 3 · · MarketBeat
Impact 3 · · Moby transcript

11 Aug

Impact 3 ·
Impact 3 ·

13 May

Impact 3 · · Simply Wall St.

12 May

Impact 4 · · Moby
Impact 3 · · GuruFocus.com
Impact 3 · · MarketBeat

11 May

Impact 3 · · Zacks
Impact 3 ·

9 Apr

Impact 3 · · Simply Wall St.

30 Mar

Impact 4 · · Zacks

11 Mar

Impact 4 · · Zacks

26 Feb

Impact 4 · · The Motley Fool transcript

25 Feb

Impact 4 · · Moby
Impact 3 · · MarketBeat

24 Feb

Impact 4 · · Associated Press FinanceZacksSimply Wall St.
Impact 4 ·
Impact 3 · · ZacksAssociated Press Finance

23 Feb

Impact 4 · · Simply Wall St.

14 Feb

Impact 3 · · Simply Wall St.

4 Feb

Impact 4 · · Insider Monkey

1 Feb

Impact 4 · · Simply Wall St.

30 Jan

Impact 3 · · ZacksZacksZacksZacksZacksSimply Wall St.

13 Jan

Impact 4 · · Zacks
Impact 4 · · Zacks
stockrow.com/LAND · Data as of Oct 25, 2026 · For information only; not investment advice. · © 2026 stockrow.com