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Gladstone Land Corporation (LAND) Fair Value & Analysis

Real Estate · US · Market cap $374M

GL Gladstone Land Corporation logo Gladstone Land Corporation LAND · US
Price$8.34
Fair Value$5.33
Upside-36.1%
Quality38/100
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Expensive Growth
Loss-making · -6.7% net margin
Moderate debt · negative free cash flow
6.53% dividend yield
Trails peers (4/13)
Narrow moat 16/100
Evidence: High Range $4.00 – $6.66 Share as image

Fair value as of: Jul 26, 2026

From 8 valuation models · updated 15 days ago

Share price −1.8% over the past month.

Below-average quality, and screening another 36% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case ($6.66). The favourable scenario is already priced in.
  • Weak quality (38/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

$34.96 $8.11 Fair Value $5.33 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 26, 2026.

How to read this chart

60‑month range $8.11 – $34.96 · fair‑value band $4.00 – $6.66 · the $8.34 price screens above the $5.33 fair value. Dashed = 300-day average. As of Jul 26, 2026.

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Analysis

Gladstone Land Corporation (LAND) currently trades at $8.34, while our model-based Fair Value estimate is $5.33, implying the stock looks roughly 36.1% overvalued today. The Quality Score stands at 38/100 (below-average quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Gladstone Land Corporation generated revenue of $88.0M at a net margin of -6.7%. Revenue declined 1.8% year over year. It earns a return on equity of -0.9%. Net debt stands at $511M. Fundamentals as of Jul 26, 2026

Our scenario range runs from $4.00 (bear case) to $6.66 (bull case); at $8.34, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 35% below its 52-week high and 3% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -50% fair-value upside, at -36%, LAND screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Residual Income $10.39 $9.85 $7.26 76
Gordon GGM $8.01 $14.43 $19.87 70
DDM Multi-Stage $8.01 $13.19 $15.42 61
All 8 models by family
Dividend Discount
Gordon GGM $8.01 $14.43 $19.87 70
DDM Multi-Stage $8.01 $13.19 $15.42 61
Multiples
P/S Multiple $4.00 $5.33 $6.66 58
P/B Multiple $4.00 $5.33 $6.66 55
EV/EBIT $1.89 $4.95 53
EV/EBITDA $6.99 $12.77 $18.54 54
Asset-Based
NCAV (Graham) $7.77 $10.41 $15.54 50
Economic Profit
Residual Income $10.39 $9.85 $7.26 76

Widest divergence: Dividend Discount ($13.19) versus Multiples ($5.33). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) $88.0M
Revenue growth (YoY) -1.8%
Net margin -6.7%
Return on equity -0.9%
Free cash flow −$168K FY2025
Operating margin 3.9%
More key figures
EPS (TTM) $-0.7800
Dividend yield 6.5%
EPS growth (YoY) +21.1%
Net debt $511M FY2025

Figures from reported company fundamentals · as of Jul 26, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 38/100

Of which business quality 39 · Market factors (momentum, volatility) 34

Profitability 22
Margins and returns on capital today
Quality Growth 33
Are margins and returns improving?
Cashflow 14
Earnings quality: real cash, not paper profit
Fin. Strength 40
Balance sheet, leverage, solvency risk
Investment 89
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 24
Price trend over the last 3–12 months (market factor)
52W Momentum 17
Distance to the 52-week high (market factor)
Net Issuance 64
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Gladstone Land Corporation reported revenue of $88.3M in FY2025 versus $75.3M in FY2021, a compound +4.1%/yr. Reported net income was $13.5M in FY2025, compounding +40.3%/yr from FY2021.

Growth Quality 47/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
$88.3M
Latest YoY
+3.7%
Avg. growth/yr (3Y)
−0.3%
Avg. growth/yr (5Y)
+9.1%
Avg. growth/yr (15Y)
+27.1%
Revenue +4.1%/yr
FY21 $75.3M
FY22 $89.2M
FY23 $90.4M
FY24 $85.2M
FY25 $88.3M
Net income +40.3%/yr
FY21 $3.5M
FY22 $4.7M
FY23 $14.6M
FY24 $13.3M
FY25 $13.5M

LAND screens 36% overvalued. Compare with Equinix, Inc →

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Cite: Fair Value Calculator (2026). "Gladstone Land Corporation Fair Value". https://www.fairvalue-calculator.com/stock/LAND

Peer Group

REIT - Specialty · 34 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 39 · Bottom 25%
Fair Value upside −36% · Below median
Return on assets 1% · Bottom 25%
Net margin (TTM) -7% · Bottom 25%
Operating margin (TTM) 4% · Bottom 25%
Revenue growth -2% · Bottom 25%
Dividend yield (TTM) 6.5% · Top 25%
Debt / equity 0.71× · Higher than median

Valuation Multiples vs REIT - Specialty median · lower = cheaper

P/B 0.56× · Cheaper than 75% of peers
P/S (TTM) 4.25× · Cheaper than 75% of peers
EV/EBITDA 12.1× · Cheaper than 75% of peers
PEG 22.95× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 1
FUTURE 0 · sector 25
PAST 0 · sector 28
HEALTH 65 · sector 76
DIVIDEND 100 · sector 99

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more REIT - Specialty stocks, each showing price versus our Fair Value estimate (as of Jul 26, 2026).

Stock Price Fair Value vs Fair Value
Equinix, Inc EQIX $1,009 $232.70 -77%
American Tower Corporation AMT $164.65 $92.31 -44%
Digital Realty Trust, Inc DLR $199.08 $63.31 -68%
Iron Mountain Incorporated IRM $128.31 $40.43 -68%
Crown Castle Inc CCI $74.90 $37.67 -50%
SBA Communications Corporation SBAC $173.57 $143.83 -17%
Weyerhaeuser Company WY $23.94 $8.62 -64%
Lamar Advertising Company LAMR $159.46 $102.70 -36%
Gaming and Leisure Properties, Inc GLPI $45.17 $36.60 -19%
Rayonier Inc RYN $21.58 $9.96 -54%

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Frequently asked questions

Is Gladstone Land Corporation (LAND) overvalued or undervalued?
As of Jul 26, 2026, our model estimates a fair value of $5.33 versus a price of $8.34, about −36% (overvalued).
What is the fair value of LAND?
Our model-based fair value for Gladstone Land Corporation is $5.33 (as of Jul 26, 2026), built from audited fundamentals. The current price is $8.34.
What is the quality score of LAND?
Gladstone Land Corporation has a Quality Score of 38/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Gladstone Land Corporation (LAND)?
Gladstone Land Corporation reported trailing-twelve-month revenue of about $88.0M (latest available figure, as of Jul 26, 2026).
What is the net profit margin of LAND?
The net profit margin of Gladstone Land Corporation is about -6.7%, meaning it is currently running at a net loss. Based on the latest reported figures.
Does Gladstone Land Corporation pay a dividend?
Gladstone Land Corporation currently shows a dividend yield of about 6.53% relative to its recent price (as of Jul 26, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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