Gladstone Land Corporation (LAND) Fair Value & Analysis
Real Estate · US · Market cap $374M · ISIN US3765491010
What is Gladstone Land Corporation really worth?
Gladstone Land Corporation
LAND · US
Below-average quality, and trading another 83% above our fair value of $5.33.
Risks
For context
Fair value as of: Sep 1, 2026
From 8 valuation models · updated 4 days ago
Share price +19.6% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
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.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 1, 2026.
How to read this chart
60‑month range $8.06 – $34.96 · fair‑value band $4.00 – $6.66 · the $9.76 price screens above the $5.33 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 1, 2026.
Analysis
Gladstone Land Corporation (LAND) currently trades at $9.76, while our model-based Fair Value estimate is $5.33, implying the stock looks roughly 83.1% overvalued today. The Quality Score stands at 38/100 (below-average quality), in the Real Estate sector. Bull case: the Dividend Discount group reads highest at a median of $13.19 per share, and 5 of the 8 models we run sit above the $9.76 price. Bear case: the Multiples group reads lowest at $5.33, and 3 of the 8 models stay below the price. Evidence for this calculation is medium.
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 Sep 1, 2026
Our scenario range runs from $4.00 (bear case) to $6.66 (bull case); at $9.76, 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 24% below its 52-week high and 21% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −49% fair-value upside, at −45%, 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, family-balanced 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. Every input is real reported data, nothing guessed.
All 8 models by family
Widest divergence: Dividend Discount ($13.19) versus Multiples ($5.33). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Sep 1, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 39 · Market factors (momentum, volatility) 45
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.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
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. FY2021 was a trough year, so the rate overstates the trend.
LAND screens 83% overvalued. Compare with Equinix, Inc →
Earlier news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Gladstone Land (LAND) Q2 2026 Earnings Call Transcript
- Reminder - Gladstone Land Goes Ex-Dividend Soon
- Gladstone Land signals potential additional farm sales as it evaluates refinancing $148m of loans scheduled to reset in 2027
- Gladstone Land Corporation Q2 2026 Earnings Call Summary
Peer Group
REIT - Specialty · 31 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.
Valuation Multiples vs REIT - Specialty median · lower = cheaper
Strength profile in five axes (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: 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.
Similar stocks
10 more REIT - Specialty stocks, each showing price versus our Fair Value estimate (as of Sep 1, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Equinix, Inc EQIX | $1,044 | $199.31 | −81% |
| American Tower Corporation AMT | $176.23 | $130.57 | −26% |
| Digital Realty Trust, Inc DLR | $185.47 | $60.12 | −68% |
| Iron Mountain Incorporated IRM | $117.40 | $40.40 | −66% |
| Crown Castle Inc CCI | $74.03 | $37.67 | −49% |
| SBA Communications Corporation SBAC | $190.95 | $143.83 | −25% |
| Weyerhaeuser Company WY | $23.38 | $8.42 | −64% |
| Lamar Advertising Company LAMR | $151.72 | $114.66 | −24% |
| Gaming and Leisure Properties, Inc GLPI | $42.08 | $36.60 | −13% |
| Rayonier Inc RYN | $21.25 | $9.96 | −53% |
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