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. In the quarter to June 2026, revenue grew 3.22%, EPS grew 15.8%, free cash flow grew 1,646.3% and total debt fell 2.09%, each against the same quarter a year earlier. Dividend growth for three consecutive years.

9.28 0.09 −0.96%
Market cap
$404.2M
P/E
0.0×
Fwd P/E
−15.8×
Dividend yield
7.55%
F-score
5/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 404.19
Revenue 88.48
Net Income (6.46)
Free Cash Flow 54.09
Net Debt 463.48
Current Ratio 1.29
Debt/Equity 0.72
P/E ratio 0.00
Fwd P/E (15.80) (negative: loss-making)
P/S ratio 4.50
P/B ratio 0.59
Past 5Y EPS Growth —
This Y EPS Growth (75.38%) (below 0%: weak)
Next Y EPS Growth 49.01% (at or above 15%: strong)
Next Y revenue growth (5.19%) (below 0%: weak)
Next 5Y EPS Growth (15.64%) (below 0%: weak)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 7.78%
10-year low 10-year high
P/B against its own 10 years 13.45%
10-year low 10-year high
EV/Sales against its own 10 years 4.24%
10-year low 10-year high
EV/FCF against its own 10 years 65.94%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate 0.70
Annual Dividend Yield 7.55%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 0.56
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
2025 0.56
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
2024 0.56
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
2023 0.55
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
2022 0.76
0.05
0.05
0.09
0.05
0.05
0.05
0.13
0.05
0.05
0.05
0.05
0.05
0.05
0.05
2021 0.76
0.05
0.05
0.06
0.05
0.05
0.05
0.05
0.05
0.05
0.07
0.05
0.05
0.05
0.09
0.05
2020 0.66
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.04
0.12
0.04
2019 1.00
0.04
0.04
0.11
0.04
0.04
0.04
0.04
0.12
0.04
0.04
0.12
0.04
0.04
0.04
0.12
0.04
2018 1.00
0.04
0.04
0.10
0.04
0.04
0.04
0.04
0.15
0.04
0.04
0.11
0.04
0.04
0.04
0.11
0.04
2017 0.95
0.04
0.04
0.10
0.04
0.04
0.04
0.04
0.12
0.04
0.04
0.11
0.04
0.04
0.04
0.10
0.04
2016 0.89
0.04
0.04
0.09
0.04
0.04
0.04
0.04
0.11
0.04
0.04
0.10
0.04
0.04
0.04
0.10
0.04
predictions special payouts not included in total or ratios

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%)

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.

EPS $

Mar Jun Sep Dec Year
’26 (0.24) (0.32) — — —
’25 0.25 (0.38) 0.06 (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.

Target Price Range

Analyst price targets

Recommendation Rating

2.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 6.72 10.77 11.12 11.19 9.61 14.19 17.28 13.35 10.37 8.47

Analyst estimates 2026–2028

Powerpack
High 12.00 14.29 13.95 13.31 16.76 34.00 42.10 20.55 15.36 11.93
People
People Employees 63 65 65 70 67 69 74 69 72 75
Revenue/emp, $m 0.27 0.39 0.56 0.58 0.85 1.09 1.21 1.31 1.18 1.18
Income, $m
Income, $m Revenue 17 25 37 41 57 75 89 90 85 88
Gross margin, % 86.55 86.61 86.70 85.02 89.24 88.23 87.53 85.84 83.92 72.50
EBT 0 0 3 2 5 4 5 15 13 14
EBT margin, % 2.73 (0.14) 7.54 4.33 8.69 4.67 5.28 16.11 15.60 15.31
Net income 0 0 3 2 5 4 5 15 13 14
Depreciation 5 7 10 13 17 28 36 39 38 47
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
Earnings 0.05 0.00 0.15 (0.13) (0.20) (0.29) (0.43) (0.28) (0.29) (0.29)
Cash flow 0.84 0.54 0.67 1.09 1.12 1.07 1.27 1.12 0.82 0.19
Capex (9.54) (10.81) (6.05) (13.37) (12.24) (9.65) (2.38) (0.11) 1.76 2.30
Free cash flow (8.70) (10.27) (5.38) (12.28) (11.11) (8.58) (1.11) 1.02 2.59 2.50
Book value 8.77 9.78 11.68 14.23 17.24 19.40 21.16 20.14 19.14 18.36
Shares, m 10 12 16 20 22 30 35 36 36 37
Valuation, ×
Valuation, × P/E 270.43 0.00 88.31 0.00 0.00 0.00 0.00 0.00 0.00 0.00
P/S 6.50 6.52 4.85 6.25 5.71 13.61 7.17 5.72 4.57 3.78
P/B 1.28 1.39 0.98 0.91 0.85 1.74 0.87 0.72 0.57 0.50
EV/Sales 18.33 18.39 13.61 17.76 16.49 22.25 13.50 11.87 10.55 8.84
EV/FCF (3.65) (3.73) (5.98) (3.00) (3.80) (6.43) (31.39) 29.54 9.68 8.56
Cash, $m
Cash, $m Operating cash flow 8 7 10 21 25 32 44 40 30 7
Capex (96) (130) (94) (262) (272) (293) (82) (4) 63 84
Free cash flow (87) (124) (83) (241) (247) (261) (38) 36 93 91
Balance, $m
Balance, $m Working capital 0 (4) 6 4 0 6 45 8 0 5
Total debt 207 301 336 482 624 668 627 574 528 474
Net debt 205 298 321 468 615 651 565 556 509 446
Shareholders’ equity 88 118 181 279 384 589 731 720 687 670
Returns, %
Returns, % ROA 0.16 (0.01) 0.44 (0.36) (0.47) (0.72) (1.07) (0.69) (0.77) (0.82)
ROIC 1.51 1.71 1.51 1.61 1.73 1.60 1.63 1.64 1.53 1.12
ROE 0.54 (0.03) 1.51 (1.09) (1.33) (1.80) (2.27) (1.36) (1.49) (1.54)
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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
GLPI Gaming and Leisure Properties, Inc. $11.4B 11.5× 14.4× +9.03% (above 0%: growing) +45.45% (above 0%: growing) −42.77% (below 0%: shrinking) 100.00% 77.21% Compare
RYN Rayonier Inc. $5.7B 41.3× 53.8× +272.15% (above 0%: growing) −97.72% (below 0%: shrinking) −88.66% (below 0%: shrinking) 19.08% 8.73% Compare
OUT OUTFRONT Media Inc. $5.3B 21.7× 23.1× +13.54% (above 0%: growing) +340.00% (above 0%: growing) +167.78% (above 0%: growing) 52.90% 22.22% Compare
EPR EPR Properties $4.2B 17.7× 19.0× +10.11% (above 0%: growing) −12.09% (below 0%: shrinking) −498.03% (below 0%: shrinking) 92.16% 54.59% Compare
FRMI Fermi Inc. $2.2B — (loss-making) — — n/m −414.49% (below 0%: shrinking) — 0.00% Compare
UNIT Uniti Group Inc. $1.5B 1.1× — (loss-making) +202.53% (above 0%: growing) n/m −379.58% (below 0%: shrinking) 57.83% 3.54% Compare
FPI Farmland Partners Inc. $460.3M 18.9× 50.8× −5.65% (below 0%: shrinking) −53.33% (below 0%: shrinking) −94.88% (below 0%: shrinking) 75.47% 28.21% Compare
LAND Gladstone Land Corporation $404.2M — (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. $57.1M 27.3× 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 $3.2B 18.9× 21.7× +10.11% +2.29% −91.77% 60.34% 21.90%

All 18 Reit Specialty stocks →

Gladstone Land Corporation (LAND) key facts

  • Strength: Gladstone Land Corporation’s revenue for fiscal 2025 (year ended December 2025) was $88.3 million, up 3.66% from fiscal 2024.
  • Gladstone Land Corporation (LAND) is a Reit Specialty company in the Real Estate sector, listed on Nasdaq.
  • As of October 16, 2026, LAND traded at $9.28, a market capitalization of $404.2 million.
  • Gladstone Land Corporation pays an annual dividend of $0.70 per share, a yield of 7.55%.
  • Return on equity was −1.54% and debt-to-equity 0.72.
  • Its Piotroski F-score is 5 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Gladstone Land Corporation (LAND) Latest News

21 Sep

18 Aug

26 Feb

Impact 4 · transcript

13 Jan

stockrow.com/LAND · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com