Symbols / LAND Stock $9.27 -0.64% Gladstone Land Corporation

Real Estate • REIT - Specialty • United States • NGM
LAND (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Real Estate
Industry REIT - Specialty
CEO Mr. David John Gladstone
Exch · Country NGM · United States
Market Cap 399.88M
Enterprise Value 871.23M
Income -29.57M
Sales 88.01M
FCF (ttm) 45.68M
Book/sh 16.48
Cash/sh 0.32
Employees —
Insider 10d —
IPO Jan 29, 2013
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 11.12%
P/E —
Forward P/E -19.45
PEG —
P/S 4.54
P/B 0.56
P/C —
EV/EBITDA 12.84
EV/Sales 9.90
Quick Ratio 0.64
Current Ratio 0.84
Debt/Eq 70.45
LT Debt/Eq —
EPS (ttm) -0.78
EPS next Y -0.48
EPS Growth —
Revenue Growth -1.80%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-08-06
Earnings (prior) 2026-05-11
ROA 1.08%
ROE -0.85%
ROIC —
Gross Margin 71.58%
Oper. Margin 3.94%
Profit Margin -6.69%
Shs Outstand 43.14M
Shs Float 41.75M
Insider Own 5.87%
Instit Own 40.15%
Short Float 4.81%
Short Ratio 3.29
Short Interest 1.95M
52W High 13.00
vs 52W High -28.69%
52W Low 8.47
vs 52W Low 9.45%
Beta 1.05
Impl. Vol. 57.03%
Rel Volume 0.82
Avg Volume 545.79K
Volume 450.06K
Target (mean) $11.00
Tgt Median $11.50
Tgt Low $10.00
Tgt High $12.00
# Analysts 5
Recom None
Prev Close $9.33
Price $9.27
Change -0.64%
About

Gladstone Land Corporation is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. The Company currently owns 150 farms, comprised of approximately 103,000 acres in 15 different states and over 55,000 acre-feet of water assets in California. Gladstone Land farms are predominantly located in regions where its tenants can grow fresh produce annual row crops, such as berries and vegetables, which are generally planted and harvested annually. The Company also owns farms growing permanent crops, such as almonds, blueberries, figs, olives, pistachios, and wine grapes, which are generally planted every 20-plus year and harvested annually. Over 30% of its fresh produce acreage is either organic or in transition to become organic, and nearly 20% of its permanent crop acreage falls into this category. Gladstone Land pays monthly distributions to its stockholders and has paid 150 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The current per-share distribution on its common stock is 0.0467 US dollars per month, or 0.5604 US dollars per year. Gladstone Land Corporation was founded and established on June 14, 1997 and is based in McLean, Virginia.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$11.00
Mean price target
2. Current target
$9.27
Latest analyst target
3. DCF / Fair value
$19.06
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$9.27
Low
$10.00
High
$12.00
Mean
$11.00

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2024-08-12 down Maxim Group Buy → Hold —
2024-06-11 init Alliance Global Partners — → Buy $16
2024-05-15 main Oppenheimer Outperform → Outperform $16
2024-05-09 main Maxim Group Buy → Buy $16
2024-02-22 reit EF Hutton Buy → Buy $20
2023-08-08 reit EF Hutton Buy → Buy $20
2023-05-10 reit EF Hutton — → Buy $20
2023-05-09 main EF Hutton — → Buy $20
2023-02-23 main B. Riley Securities — → Buy $24
2023-02-23 main EF Hutton — → Buy $22
2022-12-05 main EF Hutton — → Buy $25
2022-02-24 main EF Hutton — → Buy $32
2021-10-29 init Oppenheimer — → Perform $24
2021-07-21 down Ladenburg Thalmann Buy → Neutral —
2021-05-26 down Berenberg Buy → Hold $25
2020-09-17 init Berenberg — → Buy $18
2020-05-12 main B. Riley Securities — → Buy $16
2020-02-26 main B. Riley Securities — → Buy $15
2019-11-26 init B. Riley Securities — → Buy $14
2019-10-07 init Aegis Capital — → Buy $14
News
RSS: Latest LAND news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2025-03-13 PARKER ANTHONY W Director — 6,601 $11.02 $72,743
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
88.34
+3.66%
85.22
-5.73%
90.40
+1.30%
89.24
Operating Revenue
88.29
+4.16%
84.76
-6.15%
90.32
+1.21%
89.24
Cost Of Revenue
16.28
+205.29%
5.33
+26.97%
4.20
+49.02%
2.82
Reconciled Cost Of Revenue
16.18
+206.63%
5.28
+28.45%
4.11
+50.57%
2.73
Gross Profit
72.06
-9.80%
79.88
-7.33%
86.20
-0.25%
86.42
Operating Expense
47.52
-2.03%
48.50
-7.99%
52.71
+2.07%
51.64
Selling General And Administration
10.24
-23.20%
13.34
-3.22%
13.78
+5.59%
13.05
General And Administrative Expense
10.24
-23.20%
13.34
-3.22%
13.78
+5.59%
13.05
Other Gand A
10.24
-23.20%
13.34
-3.22%
13.78
+5.59%
13.05
Other Operating Expenses
2.72
+2398.17%
0.11
-93.85%
1.77
-45.09%
3.23
Total Expenses
63.80
+18.51%
53.84
-5.41%
56.91
+4.50%
54.46
Operating Income
24.54
-21.80%
31.38
-6.28%
33.48
-3.71%
34.77
EBITDA
68.20
-2.97%
70.29
-6.88%
75.48
+14.52%
65.91
Normalized EBITDA
58.10
-13.00%
66.79
-6.31%
71.29
+2.24%
69.73
Reconciled Depreciation
34.65
-1.32%
35.11
-5.75%
37.25
+5.07%
35.46
EBIT
33.55
-4.61%
35.17
-7.99%
38.23
+25.53%
30.45
Total Unusual Items
10.10
+188.84%
3.50
-16.60%
4.19
+209.85%
-3.82
Total Unusual Items Excluding Goodwill
10.10
+188.84%
3.50
-16.60%
4.19
+209.85%
-3.82
Special Income Charges
-3.78
-58.33%
-2.39
-135.24%
-1.02
-1714.29%
-0.06
Other Special Charges
-0.14
-148.24%
0.28
-72.05%
1.02
+1714.29%
0.06
Write Off
3.92
+86.18%
2.11
0.00
0.00
Net Income
13.53
+1.80%
13.29
-8.75%
14.56
+209.37%
4.71
Pretax Income
13.53
+1.80%
13.29
-8.75%
14.56
+208.84%
4.72
Net Non Operating Interest Income Expense
-20.02
+8.50%
-21.89
+7.52%
-23.66
+8.05%
-25.74
Interest Expense Non Operating
20.02
-8.50%
21.89
-7.52%
23.66
-8.05%
25.74
Net Interest Income
-20.02
+8.50%
-21.89
+7.52%
-23.66
+8.05%
-25.74
Interest Expense
20.02
-8.50%
21.89
-7.52%
23.66
-8.05%
25.74
Other Income Expense
9.01
+137.52%
3.79
-20.05%
4.75
+209.88%
-4.32
Other Non Operating Income Expenses
-1.06
-394.71%
0.36
-41.53%
0.61
+242.46%
-0.43
Gain On Sale Of Security
13.88
+135.85%
5.89
+13.02%
5.21
+238.51%
-3.76
Tax Rate For Calcs
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Tax Effect Of Unusual Items
2.12
+188.84%
0.73
-16.60%
0.88
+209.85%
-0.80
Net Income Including Noncontrolling Interests
13.53
+1.80%
13.29
-8.75%
14.56
+208.84%
4.72
Net Income From Continuing Operation Net Minority Interest
13.53
+1.80%
13.29
-8.75%
14.56
+209.37%
4.71
Net Income From Continuing And Discontinued Operation
13.53
+1.80%
13.29
-8.75%
14.56
+209.37%
4.71
Net Income Continuous Operations
13.53
+1.80%
13.29
-8.75%
14.56
+208.84%
4.72
Minority Interests
—
0.00
0.00
+100.00%
-0.01
Normalized Income
5.55
-47.27%
10.53
-6.44%
11.25
+45.72%
7.72
Net Income Common Stockholders
-10.48
-0.28%
-10.46
-6.12%
-9.85
+34.36%
-15.01
Otherunder Preferred Stock Dividend
0.01
+100.99%
-0.51
-1197.83%
0.05
+84.00%
0.03
Diluted EPS
-0.29
+0.00%
-0.29
-3.57%
-0.28
+34.88%
-0.43
Basic EPS
-0.29
+0.00%
-0.29
-3.57%
-0.28
+34.88%
-0.43
Basic Average Shares
36.51
+1.66%
35.91
+0.49%
35.73
+3.39%
34.56
Diluted Average Shares
36.51
+1.66%
35.91
+0.49%
35.73
+3.39%
34.56
Diluted NI Availto Com Stockholders
-10.48
-0.28%
-10.46
-6.12%
-9.85
+34.36%
-15.01
Depreciation Amortization Depletion Income Statement
34.55
-1.44%
35.05
-5.67%
37.16
+5.08%
35.37
Depreciation And Amortization In Income Statement
34.55
-1.44%
35.05
-5.67%
37.16
+5.08%
35.37
Earnings From Equity Interest
-0.03
+56.67%
-0.06
-1.69%
-0.06
+19.18%
-0.07
Preferred Stock Dividends
24.01
-1.00%
24.25
-0.50%
24.37
+23.75%
19.69
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
1,239.17
-5.56%
1,312.19
-5.42%
1,387.32
-4.80%
1,457.25
Current Assets
28.84
-55.35%
64.59
-10.54%
72.20
+18.08%
61.14
Cash Cash Equivalents And Short Term Investments
27.18
+48.71%
18.27
-1.59%
18.57
-69.63%
61.14
Cash And Cash Equivalents
27.18
+48.71%
18.27
-1.59%
18.57
-69.63%
61.14
Inventory
1.66
-96.41%
46.31
-13.64%
53.63
0.00
Finished Goods
0.00
-100.00%
46.31
-13.64%
53.63
0.00
Total Non Current Assets
1,210.33
-2.99%
1,247.61
-5.13%
1,315.13
-5.80%
1,396.11
Goodwill And Other Intangible Assets
3.13
-12.79%
3.59
-24.97%
4.78
-16.13%
5.70
Other Intangible Assets
3.13
-12.79%
3.59
-24.97%
4.78
-16.13%
5.70
Investments And Advances
41.55
+3.28%
40.23
—
—
Other Investments
41.55
+3.28%
40.23
—
—
Other Non Current Assets
66.90
+42.53%
46.94
-31.79%
68.81
+5.90%
64.98
Total Liabilities Net Minority Interest
568.89
-8.98%
625.01
-6.39%
667.71
-8.01%
725.89
Current Liabilities
25.05
+0.29%
24.98
+73.78%
14.37
-30.69%
20.74
Payables And Accrued Expenses
24.85
+16.25%
21.38
+50.83%
14.17
-31.32%
20.64
Payables
24.85
+16.25%
21.38
+50.83%
14.17
-31.32%
20.64
Accounts Payable
22.00
+19.57%
18.40
+78.71%
10.30
-36.69%
16.27
Current Debt And Capital Lease Obligation
0.20
-94.44%
3.60
+1700.00%
0.20
+100.00%
0.10
Current Debt
0.20
-94.44%
3.60
+1700.00%
0.20
+100.00%
0.10
Total Non Current Liabilities Net Minority Interest
543.84
-9.37%
600.04
-8.16%
653.34
-7.35%
705.15
Long Term Debt And Capital Lease Obligation
473.44
-9.64%
523.92
-8.71%
573.91
-8.38%
626.40
Long Term Debt
473.44
-9.64%
523.92
-8.71%
573.91
-8.38%
626.40
Other Non Current Liabilities
10.06
-37.84%
16.18
-18.71%
19.91
+1.34%
19.65
Preferred Securities Outside Stock Equity
60.34
+0.69%
59.93
+0.69%
59.52
+0.70%
59.11
Stockholders Equity
670.29
-2.46%
687.18
-4.51%
719.61
-1.61%
731.36
Common Stock Equity
670.27
-2.46%
687.17
-4.51%
719.60
-1.61%
731.35
Capital Stock
0.05
+3.85%
0.05
+0.00%
0.05
+1.96%
0.05
Common Stock
0.04
+5.56%
0.04
+0.00%
0.04
+2.86%
0.04
Preferred Stock
0.02
+0.00%
0.02
+0.00%
0.02
+0.00%
0.02
Share Issued
38.01
+5.06%
36.18
+0.97%
35.84
+2.25%
35.05
Ordinary Shares Number
38.01
+5.06%
36.18
+0.97%
35.84
+2.25%
35.05
Additional Paid In Capital
870.85
+1.97%
854.06
-0.25%
856.21
+2.33%
836.67
Retained Earnings
-205.51
-17.73%
-174.56
-21.21%
-144.01
-25.92%
-114.37
Gains Losses Not Affecting Retained Earnings
4.90
-35.85%
7.63
+3.61%
7.37
-18.22%
9.01
Minority Interest
—
0.00
0.00
0.00
Other Equity Adjustments
4.90
-35.85%
7.63
+3.61%
7.37
-18.22%
9.01
Total Equity Gross Minority Interest
670.29
-2.46%
687.18
-4.51%
719.61
-1.61%
731.36
Total Capitalization
1,143.72
-5.56%
1,211.10
-6.37%
1,293.52
-4.73%
1,357.76
Working Capital
3.79
-90.43%
39.61
-31.50%
57.83
+43.11%
40.41
Invested Capital
1,143.90
-5.83%
1,214.69
-6.11%
1,293.71
-4.72%
1,357.85
Total Debt
473.63
-10.22%
527.52
-8.11%
574.11
-8.36%
626.50
Net Debt
446.46
-12.33%
509.25
-8.33%
555.54
-1.74%
565.36
Net Tangible Assets
667.16
-2.40%
683.59
-4.37%
714.83
-1.49%
725.66
Tangible Book Value
667.14
-2.40%
683.58
-4.37%
714.82
-1.49%
725.64
Dueto Related Parties Current
2.84
-4.31%
2.97
-23.28%
3.87
-11.35%
4.37
Investment Properties
1,098.75
-5.02%
1,156.85
-6.82%
1,241.53
-6.33%
1,325.43
Line Of Credit
0.20
-94.44%
3.60
+1700.00%
0.20
+100.00%
0.10
Other Inventories
1.66
—
—
—
Preferred Shares Number
18.21
+13.48%
16.05
-13.38%
18.53
+108.85%
8.87
Preferred Stock Equity
0.02
+0.00%
0.02
+0.00%
0.02
+0.00%
0.02
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
6.99
-76.33%
29.55
-26.28%
40.08
-8.47%
43.79
Cash Flow From Continuing Operating Activities
6.99
-76.33%
29.55
-26.28%
40.08
-8.47%
43.79
Net Income From Continuing Operations
13.53
+1.80%
13.29
-8.75%
14.56
+208.84%
4.72
Depreciation Amortization Depletion
34.65
-1.32%
35.11
-5.75%
37.25
+5.07%
35.46
Depreciation
34.65
-1.32%
35.11
-5.75%
37.25
+5.07%
35.46
Depreciation And Amortization
34.65
-1.32%
35.11
-5.75%
37.25
+5.07%
35.46
Other Non Cash Items
12.88
+287.02%
3.33
+27.30%
2.62
+79.48%
1.46
Asset Impairment Charge
3.92
+86.18%
2.11
0.00
-100.00%
0.08
Operating Gains Losses
-13.86
-137.83%
-5.83
-13.15%
-5.15
-234.33%
3.83
Gain Loss On Investment Securities
-13.88
-135.85%
-5.89
-13.02%
-5.21
-238.51%
3.76
Change In Working Capital
-44.13
-139.05%
-18.46
-100.61%
-9.20
-423.79%
-1.76
Change In Inventory
-1.05
0.00
0.00
—
Change In Payables And Accrued Expense
-13.98
-129.16%
-6.10
-79.44%
-3.40
-159.88%
5.68
Change In Payable
-13.98
-129.16%
-6.10
-79.44%
-3.40
—
Change In Account Payable
-13.85
-171.57%
-5.10
-75.65%
-2.90
—
Change In Other Current Assets
-22.91
-110.13%
-10.90
-61.17%
-6.76
+9.64%
-7.49
Change In Other Current Liabilities
-6.19
-324.55%
-1.46
-251.56%
0.96
+1750.00%
0.05
Investing Cash Flow
84.07
+32.79%
63.31
+1780.15%
-3.77
+95.59%
-85.48
Cash Flow From Continuing Investing Activities
84.07
+32.79%
63.31
+1780.15%
-3.77
+95.59%
-85.48
Capital Expenditure
-7.16
-37.79%
-5.20
+59.41%
-12.80
+36.38%
-20.13
Capital Expenditure Reported
-7.16
-37.79%
-5.20
+59.41%
-12.80
+36.38%
-20.13
Net Business Purchase And Sale
-0.07
0.00
0.00
+100.00%
-2.75
Purchase Of Business
-0.07
0.00
0.00
+100.00%
-2.75
Financing Cash Flow
-82.16
+11.80%
-93.15
-18.09%
-78.88
-191.59%
86.13
Cash Flow From Continuing Financing Activities
-82.16
+11.80%
-93.15
-18.09%
-78.88
-191.59%
86.13
Net Issuance Payments Of Debt
-54.36
-15.36%
-47.12
+10.95%
-52.91
-26.84%
-41.72
Issuance Of Debt
13.50
+297.06%
3.40
+1600.00%
0.20
-97.99%
9.93
Repayment Of Debt
-67.86
-34.32%
-50.52
+4.89%
-53.12
-2.83%
-51.65
Long Term Debt Issuance
13.50
+297.06%
3.40
+1600.00%
0.20
-97.99%
9.93
Long Term Debt Payments
-67.86
-34.32%
-50.52
+4.89%
-53.12
-2.83%
-51.65
Net Long Term Debt Issuance
-54.36
-15.36%
-47.12
+10.95%
-52.91
-26.84%
-41.72
Short Term Debt Issuance
—
—
0.20
0.00
Short Term Debt Payments
—
—
-0.10
0.00
Net Short Term Debt Issuance
—
—
0.10
0.00
Net Common Stock Issuance
—
0.00
0.00
+100.00%
-7.67
Common Stock Payments
—
0.00
0.00
+100.00%
-7.67
Common Stock Dividend Paid
-20.47
-1.85%
-20.09
-1.55%
-19.79
-4.74%
-18.89
Cash Dividends Paid
-44.47
-0.30%
-44.34
+1.66%
-45.09
-21.99%
-36.96
Repurchase Of Capital Stock
-0.10
+98.46%
-6.63
-456.68%
-1.19
+86.10%
-8.57
Net Other Financing Charges
-0.29
-90.91%
-0.15
+83.87%
-0.95
+93.51%
-14.73
Changes In Cash
8.90
+3107.43%
-0.30
+99.30%
-42.57
-195.81%
44.43
Beginning Cash Position
18.27
-1.59%
18.57
-69.63%
61.14
+265.94%
16.71
End Cash Position
27.18
+48.71%
18.27
-1.59%
18.57
-69.63%
61.14
Free Cash Flow
-0.17
-100.69%
24.35
-10.72%
27.28
+15.27%
23.66
Interest Paid Supplemental Data
22.75
-6.73%
24.40
-6.95%
26.22
+3.80%
25.26
Earnings Losses From Equity Investments
0.03
-56.67%
0.06
+1.69%
0.06
-19.18%
0.07
Issuance Of Capital Stock
17.07
+235.10%
5.09
-76.05%
21.27
-88.69%
188.11
Net Investment Properties Purchase And Sale
91.30
+33.27%
68.50
+658.05%
9.04
+114.43%
-62.61
Net Preferred Stock Issuance
16.97
+1204.69%
-1.54
-107.65%
20.08
-89.28%
187.21
Preferred Stock Dividend Paid
-24.01
+0.99%
-24.25
+4.16%
-25.30
-40.03%
-18.07
Preferred Stock Issuance
17.07
+235.10%
5.09
-76.05%
21.27
-88.69%
188.11
Preferred Stock Payments
-0.10
+98.46%
-6.63
-456.68%
-1.19
-32.19%
-0.90
Purchase Of Investment Properties
—
0.00
0.00
+100.00%
-62.61
Sale Of Investment Properties
91.30
+33.27%
68.50
+658.05%
9.04
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Trades
Date User Broker Pattern Type Position Size Entry Price Trade P&L Status
Posts
Published Title Author Category