Gladstone Land
LAND Small CapReal Estate · REIT - Specialty
Updated: Jul 6, 2026, 22:20 UTC
Price Chart
Key Metrics
Valuation Analysis
About the Company
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
Gladstone Land Stock at a Glance
Gladstone Land (LAND) is currently trading at $8.55 with a market capitalization of $368.8M. The 52-week range spans from $8.40 to $13.00; the current price is 34.2% below the yearly high. Year-over-year revenue growth stands at -1.8%.
💰 Dividend
Gladstone Land pays an annual dividend of $0.56 per share, representing a yield of 6.55%. The payout ratio stands at 1111.8%. The elevated payout ratio reflects a mature dividend policy.
📊 Analyst Rating
5 analysts rate Gladstone Land (LAND) on consensus: None. The average price target is $11.00, implying +28.65% from the current price. Analyst price targets range from $10.00 to $12.00.
Gladstone Land: The Investment Case in Detail
Gladstone Land (LAND) operates in the Real Estate — specifically REIT - Specialty — and is headquartered in United States. Below is a structured read of the investment case built directly from the latest fundamentals, valuation multiples, analyst positioning and smart-money flows. Each section translates raw numbers into the investment logic they imply, so you can decide whether the risk/reward fits your portfolio.
The Bull Case
With a gross margin near 71.58%, the company sits in the top tier of its industry — these are the kinds of structural margins that protect earnings during downturns.
The Bear Case
Revenue is contracting at -1.8% year-over-year — until that trend reverses, valuation is exposed to further downgrades. Net margins remain negative, meaning every euro of revenue is still producing losses — the path to profitability is the central question for shareholders.
What to Watch Next
- The price sits in the lower quartile of the 52-week range — value hunters often start scaling in around this zone if fundamentals hold.
- The analyst consensus price target implies 28.65% upside — if the next two quarters confirm the underlying thesis, target hikes typically follow.
Investment Thesis: Strengths & Weaknesses
- High gross margin of 71.58% — indicates pricing power
- Solid dividend yield of 6.55%
- Positive free cash flow
- –Revenue shrinking (-1.8% YoY)
- –Currently unprofitable
Technical Snapshot
Price is below both the 50- and 200-day moving averages, with 50d below 200d — a bearish picture (death-cross alignment).
Risk Profile
The data points to market-like volatility, elevated short interest (6.07%).
Trading Data
💵 Dividend Info
Related Stocks in the Same Sector
Gladstone Land (LAND) 2026: 9,40 USD US Farmland REIT at 0,53x P/B Deep-Value with 5,96 Percent Dividend Yield and 150-Farm Portfolio Defensive Setup
The Real Story
Gladstone Land Corporation (NASDAQ: LAND) is a US farmland REIT acquiring and owning farmland-and-farm-related properties in major US agricultural markets. Portfolio approximately 150 farms primarily in California, Florida, Arizona, Colorado, and Pacific-Northwest. Crops: berries, vegetables, fruits, tree-nuts. Triple-net-lease structure provides defensive recurring revenue.
What Smart Money Thinks
Gladstone Land has institutional REIT base. BlackRock at approximately 6,8 percent, Vanguard at approximately 4,2 percent. Externally-managed by Gladstone Management. Short-interest sits at approximately 7 percent of float as of May 2026.
Explore the BMI Smart-Money Tracker →
📈 The 3 Real Bull Points
Gladstone Land's 0,53x P/B reflects extreme farmland-cycle-trough. Re-rating to 0,9-1,1x P/B supports 16-20 USD price range.
5,96 percent dividend yield supported by 150-farm-triple-net-lease cash flow.
Permanent-crop farmland (multi-year-tree-bearing) provides structural-defensive long-duration revenue trajectory.
📉 The 3 Real Bear Points
California Sustainable Groundwater Management Act plus higher-rate environment compresses Gladstone Land valuation.
Agricultural-tenant credit risk creates structural-volatility.
External-management-structure creates governance-overhang versus internally-managed REITs.
Valuation in Context
Gladstone Land at 9,40 USD per share with approximately 43,1 million shares outstanding has a market capitalization of approximately 405 million USD. 0,53x P/B.
Re-rating to 0,9-1,1x P/B supports 16-20 USD — 70-113 percent upside. Bear-case 5-6 USD. Bull-case 22-26 USD. 5,96 percent dividend.
🗓️ Next 3 Catalyst Dates
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2026 Q3:
Q2 2026 earnings. Watch-items: farm-portfolio occupancy, tenant credit.
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2026 Q4:
Q3 2026 earnings.
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2027 Q1:
Fiscal-2026 full-year results.
💬 Daniel's Take
Gladstone Land is a deep-value US farmland REIT with 150-farm-triple-net-lease portfolio, 5,96 percent dividend, 0,53x P/B extreme-discount and permanent-crop defensive base. Position-sizing: 0,3–0,8 percent in deep-value-REIT sleeve.
Sources (3)
Disclaimer: This article is not investment advice. Investing in stocks carries risks, including total loss.
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