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GLADSTONE LAND CORP - LAND 6 PERP (LANDP) Stock Fundamental Analysis

NASDAQ:LANDP - Nasdaq - US3765494089 - Currency: USD

19.76  -0.03 (-0.15%)

Fundamental Rating

3

Taking everything into account, LANDP scores 3 out of 10 in our fundamental rating. LANDP was compared to 30 industry peers in the Specialized REITs industry. The financial health of LANDP is average, but there are quite some concerns on its profitability. LANDP is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

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2

1. Profitability

1.1 Basic Checks

In the past year LANDP has reported negative net income.
LANDP had a positive operating cash flow in the past year.
LANDP had negative earnings in each of the past 5 years.
Each year in the past 5 years LANDP had a positive operating cash flow.
LANDP Yearly Net Income VS EBIT VS OCF VS FCFLANDP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100M -200M

1.2 Ratios

Looking at the Return On Assets, with a value of -0.69%, LANDP is doing worse than 76.67% of the companies in the same industry.
The Return On Equity of LANDP (-1.28%) is worse than 66.67% of its industry peers.
LANDP has a Return On Invested Capital of 1.74%. This is in the lower half of the industry: LANDP underperforms 76.67% of its industry peers.
LANDP had an Average Return On Invested Capital over the past 3 years of 1.93%. This is below the industry average of 5.27%.
Industry RankSector Rank
ROA -0.69%
ROE -1.28%
ROIC 1.74%
ROA(3y)-0.85%
ROA(5y)-0.72%
ROE(3y)-1.65%
ROE(5y)-1.52%
ROIC(3y)1.93%
ROIC(5y)1.95%
LANDP Yearly ROA, ROE, ROICLANDP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1 -1 2 -2

1.3 Margins

With a Operating Margin value of 34.03%, LANDP perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
LANDP's Operating Margin has declined in the last couple of years.
LANDP has a better Gross Margin (83.18%) than 83.33% of its industry peers.
In the last couple of years the Gross Margin of LANDP has remained more or less at the same level.
Industry RankSector Rank
OM 34.03%
PM (TTM) N/A
GM 83.18%
OM growth 3Y-4.35%
OM growth 5Y-4.94%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.65%
GM growth 5Y-0.26%
LANDP Yearly Profit, Operating, Gross MarginsLANDP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 40 60 80

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5

2. Health

2.1 Basic Checks

With a Return on Invested Capital (ROIC) below the Cost of Capital (WACC), LANDP is destroying value.
Compared to 1 year ago, LANDP has more shares outstanding
The number of shares outstanding for LANDP has been increased compared to 5 years ago.
The debt/assets ratio for LANDP has been reduced compared to a year ago.
LANDP Yearly Shares OutstandingLANDP Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 10M 20M 30M
LANDP Yearly Total Debt VS Total AssetsLANDP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B

2.2 Solvency

Based on the Altman-Z score of 0.70, we must say that LANDP is in the distress zone and has some risk of bankruptcy.
LANDP has a worse Altman-Z score (0.70) than 70.00% of its industry peers.
LANDP has a debt to FCF ratio of 22.28. This is a negative value and a sign of low solvency as LANDP would need 22.28 years to pay back of all of its debts.
Looking at the Debt to FCF ratio, with a value of 22.28, LANDP is in line with its industry, outperforming 43.33% of the companies in the same industry.
LANDP has a Debt/Equity ratio of 0.81. This is a neutral value indicating LANDP is somewhat dependend on debt financing.
LANDP has a Debt to Equity ratio of 0.81. This is in the better half of the industry: LANDP outperforms 73.33% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.81
Debt/FCF 22.28
Altman-Z 0.7
ROIC/WACC0.24
WACC7.23%
LANDP Yearly LT Debt VS Equity VS FCFLANDP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M -200M 400M 600M

2.3 Liquidity

LANDP has a Current Ratio of 2.25. This indicates that LANDP is financially healthy and has no problem in meeting its short term obligations.
Looking at the Current ratio, with a value of 2.25, LANDP belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
LANDP has a Quick Ratio of 2.25. This indicates that LANDP is financially healthy and has no problem in meeting its short term obligations.
LANDP has a better Quick ratio (2.25) than 83.33% of its industry peers.
Industry RankSector Rank
Current Ratio 2.25
Quick Ratio 2.25
LANDP Yearly Current Assets VS Current LiabilitesLANDP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M

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2

3. Growth

3.1 Past

The earnings per share for LANDP have decreased strongly by -505.00% in the last year.
Looking at the last year, LANDP shows a decrease in Revenue. The Revenue has decreased by -8.58% in the last year.
LANDP shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 15.93% yearly.
EPS 1Y (TTM)-505%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%20%
Revenue 1Y (TTM)-8.58%
Revenue growth 3Y4.2%
Revenue growth 5Y15.93%
Sales Q2Q%-17.03%

3.2 Future

LANDP is expected to show a very negative growth in Earnings Per Share. In the coming years, the EPS will decrease by -13.64% yearly.
LANDP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.70% yearly.
EPS Next Y15%
EPS Next 2Y-15.85%
EPS Next 3Y-13.64%
EPS Next 5YN/A
Revenue Next Year-5.57%
Revenue Next 2Y-0.18%
Revenue Next 3Y1.08%
Revenue Next 5Y6.7%

3.3 Evolution

When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
LANDP Yearly Revenue VS EstimatesLANDP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 20M 40M 60M 80M 100M
LANDP Yearly EPS VS EstimatesLANDP Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 0.2 -0.2 -0.4

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1

4. Valuation

4.1 Price/Earnings Ratio

LANDP reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Also next year LANDP is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE N/A
Fwd PE N/A
LANDP Price Earnings VS Forward Price EarningsLANDP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40 -40 -60 -80

4.2 Price Multiples

LANDP's Enterprise Value to EBITDA ratio is in line with the industry average.
LANDP's Price/Free Cash Flow is on the same level as the industry average.
Industry RankSector Rank
P/FCF 28.51
EV/EBITDA 19.71
LANDP Per share dataLANDP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 10 15

4.3 Compensation for Growth

LANDP's earnings are expected to decrease with -13.64% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-15.85%
EPS Next 3Y-13.64%

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5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 5.92%, LANDP is a good candidate for dividend investing.
Compared to an average industry Dividend Yield of 5.71, LANDP pays a bit more dividend than its industry peers.
Compared to an average S&P500 Dividend Yield of 2.40, LANDP pays a better dividend.
Industry RankSector Rank
Dividend Yield 5.92%

5.2 History

The dividend of LANDP is nicely growing with an annual growth rate of 11.11%!
LANDP has paid a dividend for less than 5 years, so there is no long track record yet.
Dividend Growth(5Y)11.11%
Div Incr Years1
Div Non Decr Years1
LANDP Yearly Dividends per shareLANDP Yearly Dividends per shareYearly Dividends per share 2023 2024 2025 0.5 1 1.5

5.3 Sustainability

LANDP has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-503.5%
EPS Next 2Y-15.85%
EPS Next 3Y-13.64%
LANDP Yearly Income VS Free CF VS DividendLANDP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -100M -200M

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GLADSTONE LAND CORP - LAND 6 PERP

NASDAQ:LANDP (5/28/2025, 8:00:02 PM)

19.76

-0.03 (-0.15%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)05-12 2025-05-12/amc
Earnings (Next)08-06 2025-08-06/amc
Inst Owners48.43%
Inst Owner ChangeN/A
Ins Owners6.99%
Ins Owner ChangeN/A
Market Cap714.92M
Analysts76.92
Price Target27.6 (39.68%)
Short Float %0.02%
Short Ratio0.19
Dividend
Industry RankSector Rank
Dividend Yield 5.92%
Yearly Dividend1.23
Dividend Growth(5Y)11.11%
DP-503.5%
Div Incr Years1
Div Non Decr Years1
Ex-Date06-20 2025-06-20 (0.125)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)228.77%
Min EPS beat(2)-22.55%
Max EPS beat(2)480.09%
EPS beat(4)1
Avg EPS beat(4)88.89%
Min EPS beat(4)-51.14%
Max EPS beat(4)480.09%
EPS beat(8)4
Avg EPS beat(8)90.85%
EPS beat(12)4
Avg EPS beat(12)44.73%
EPS beat(16)6
Avg EPS beat(16)26.67%
Revenue beat(2)2
Avg Revenue beat(2)0.58%
Min Revenue beat(2)0.02%
Max Revenue beat(2)1.13%
Revenue beat(4)4
Avg Revenue beat(4)1.83%
Min Revenue beat(4)0.02%
Max Revenue beat(4)3.68%
Revenue beat(8)5
Avg Revenue beat(8)-0.39%
Revenue beat(12)6
Avg Revenue beat(12)-0.35%
Revenue beat(16)8
Avg Revenue beat(16)0.34%
PT rev (1m)9.87%
PT rev (3m)-7.81%
EPS NQ rev (1m)-15.42%
EPS NQ rev (3m)4.53%
EPS NY rev (1m)25.2%
EPS NY rev (3m)44.12%
Revenue NQ rev (1m)-9.52%
Revenue NQ rev (3m)-15.13%
Revenue NY rev (1m)-0.68%
Revenue NY rev (3m)-9.4%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 8.74
P/FCF 28.51
P/OCF 23.37
P/B 1.04
P/tB 1.04
EV/EBITDA 19.71
EPS(TTM)-0.24
EYN/A
EPS(NY)-0.38
Fwd EYN/A
FCF(TTM)0.69
FCFY3.51%
OCF(TTM)0.85
OCFY4.28%
SpS2.26
BVpS19.07
TBVpS18.96
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -0.69%
ROE -1.28%
ROCE 2.2%
ROIC 1.74%
ROICexc 1.8%
ROICexgc 1.93%
OM 34.03%
PM (TTM) N/A
GM 83.18%
FCFM 30.67%
ROA(3y)-0.85%
ROA(5y)-0.72%
ROE(3y)-1.65%
ROE(5y)-1.52%
ROIC(3y)1.93%
ROIC(5y)1.95%
ROICexc(3y)1.98%
ROICexc(5y)1.98%
ROICexgc(3y)2.09%
ROICexgc(5y)2.07%
ROCE(3y)2.44%
ROCE(5y)2.47%
ROICexcg growth 3Y1.97%
ROICexcg growth 5Y1.31%
ROICexc growth 3Y0.88%
ROICexc growth 5Y0.2%
OM growth 3Y-4.35%
OM growth 5Y-4.94%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-1.65%
GM growth 5Y-0.26%
F-Score4
Asset Turnover0.06
Health
Industry RankSector Rank
Debt/Equity 0.81
Debt/FCF 22.28
Debt/EBITDA 8.94
Cap/Depr 15.9%
Cap/Sales 6.74%
Interest Coverage 250
Cash Conversion 48.94%
Profit Quality N/A
Current Ratio 2.25
Quick Ratio 2.25
Altman-Z 0.7
F-Score4
WACC7.23%
ROIC/WACC0.24
Cap/Depr(3y)93.88%
Cap/Depr(5y)598.97%
Cap/Sales(3y)37.45%
Cap/Sales(5y)195.81%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-505%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%20%
EPS Next Y15%
EPS Next 2Y-15.85%
EPS Next 3Y-13.64%
EPS Next 5YN/A
Revenue 1Y (TTM)-8.58%
Revenue growth 3Y4.2%
Revenue growth 5Y15.93%
Sales Q2Q%-17.03%
Revenue Next Year-5.57%
Revenue Next 2Y-0.18%
Revenue Next 3Y1.08%
Revenue Next 5Y6.7%
EBIT growth 1Y-16.76%
EBIT growth 3Y-0.33%
EBIT growth 5Y10.2%
EBIT Next Year119.46%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y161.8%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-25.29%
OCF growth 3Y-3%
OCF growth 5Y6.7%