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

USA - NASDAQ:LANDP - US3765494089

20.041 USD
0 (0%)
Last: 9/17/2025, 8:00:02 PM
Fundamental Rating

2

We assign a fundamental rating of 2 out of 10 to LANDP. LANDP was compared to 29 industry peers in the Specialized REITs industry. Both the profitability and financial health of LANDP have multiple concerns. LANDP is valued expensive and it does not seem to be growing.


Dividend Valuation Growth Profitability Health

2

1. Profitability

1.1 Basic Checks

LANDP had negative earnings in the past year.
In the past year LANDP had a positive cash flow from operations.
In the past 5 years LANDP always reported negative net income.
In the past 5 years LANDP always reported a positive cash flow from operatings.
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 -1.27%, LANDP is doing worse than 82.76% of the companies in the same industry.
LANDP has a worse Return On Equity (-2.39%) than 72.41% of its industry peers.
LANDP has a Return On Invested Capital of 1.26%. This is amonst the worse of the industry: LANDP underperforms 86.21% of its industry peers.
The Average Return On Invested Capital over the past 3 years for LANDP is below the industry average of 4.79%.
Industry RankSector Rank
ROA -1.27%
ROE -2.39%
ROIC 1.26%
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

LANDP's Operating Margin of 27.11% is in line compared to the rest of the industry. LANDP outperforms 41.38% of its industry peers.
In the last couple of years the Operating Margin of LANDP has declined.
Looking at the Gross Margin, with a value of 81.19%, LANDP is in the better half of the industry, outperforming 75.86% of the companies in the same industry.
LANDP's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 27.11%
PM (TTM) N/A
GM 81.19%
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

3

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so LANDP is destroying value.
Compared to 1 year ago, LANDP has more shares outstanding
Compared to 5 years ago, LANDP has more shares outstanding
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 0.65, we must say that LANDP is in the distress zone and has some risk of bankruptcy.
LANDP has a Altman-Z score of 0.65. This is in the lower half of the industry: LANDP underperforms 65.52% of its industry peers.
LANDP has a debt to FCF ratio of 49.97. This is a negative value and a sign of low solvency as LANDP would need 49.97 years to pay back of all of its debts.
The Debt to FCF ratio of LANDP (49.97) is worse than 65.52% of its industry peers.
LANDP has a Debt/Equity ratio of 0.83. This is a neutral value indicating LANDP is somewhat dependend on debt financing.
LANDP has a better Debt to Equity ratio (0.83) than 65.52% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.83
Debt/FCF 49.97
Altman-Z 0.65
ROIC/WACC0.18
WACC7.1%
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

A Current Ratio of 1.79 indicates that LANDP should not have too much problems paying its short term obligations.
LANDP has a Current ratio of 1.79. This is in the better half of the industry: LANDP outperforms 79.31% of its industry peers.
LANDP has a Quick Ratio of 1.79. This is a normal value and indicates that LANDP is financially healthy and should not expect problems in meeting its short term obligations.
Looking at the Quick ratio, with a value of 1.79, LANDP is in the better half of the industry, outperforming 79.31% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 1.79
Quick Ratio 1.79
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

2

3. Growth

3.1 Past

The earnings per share for LANDP have decreased strongly by -150.29% in the last year.
Looking at the last year, LANDP shows a very negative growth in Revenue. The Revenue has decreased by -18.72% in the last year.
Measured over the past years, LANDP shows a quite strong growth in Revenue. The Revenue has been growing by 15.93% on average per year.
EPS 1Y (TTM)-150.29%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-105.41%
Revenue 1Y (TTM)-18.72%
Revenue growth 3Y4.2%
Revenue growth 5Y15.93%
Sales Q2Q%-42.26%

3.2 Future

The Earnings Per Share is expected to decrease by -23.00% on average over the next years. This is quite bad
LANDP is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 6.70% yearly.
EPS Next Y6.05%
EPS Next 2Y-33.1%
EPS Next 3Y-23%
EPS Next 5YN/A
Revenue Next Year-15.72%
Revenue Next 2Y-1.22%
Revenue Next 3Y-0.21%
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

0

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

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, LANDP is valued a bit more expensive than 72.41% of the companies in the same industry.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of LANDP indicates a slightly more expensive valuation: LANDP is more expensive than 65.52% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 65.11
EV/EBITDA 23.18
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 -23.00% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-33.1%
EPS Next 3Y-23%

5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 7.54%, LANDP is a good candidate for dividend investing.
LANDP's Dividend Yield is rather good when compared to the industry average which is at 5.99. LANDP pays more dividend than 93.10% of the companies in the same industry.
LANDP's Dividend Yield is rather good when compared to the S&P500 average which is at 2.38.
Industry RankSector Rank
Dividend Yield 7.54%

5.2 History

On average, the dividend of LANDP grows each year by 11.11%, which is quite nice.
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

The earnings of LANDP are negative and hence is the payout ratio. LANDP will probably not be able to sustain this dividend level.
DP-276.17%
EPS Next 2Y-33.1%
EPS Next 3Y-23%
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

GLADSTONE LAND CORP - LAND 6 PERP

NASDAQ:LANDP (9/17/2025, 8:00:02 PM)

20.041

0 (0%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustrySpecialized REITs
Earnings (Last)08-07 2025-08-07/amc
Earnings (Next)11-04 2025-11-04/amc
Inst Owners47.53%
Inst Owner ChangeN/A
Ins Owners6.97%
Ins Owner ChangeN/A
Market Cap725.08M
Analysts76.92
Price Target22.1 (10.27%)
Short Float %0.02%
Short Ratio0.22
Dividend
Industry RankSector Rank
Dividend Yield 7.54%
Yearly Dividend1.23
Dividend Growth(5Y)11.11%
DP-276.17%
Div Incr Years1
Div Non Decr Years1
Ex-Date09-22 2025-09-22 (0.125)
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)204.4%
Min EPS beat(2)-71.29%
Max EPS beat(2)480.09%
EPS beat(4)1
Avg EPS beat(4)83.86%
Min EPS beat(4)-71.29%
Max EPS beat(4)480.09%
EPS beat(8)3
Avg EPS beat(8)64.81%
EPS beat(12)4
Avg EPS beat(12)38.91%
EPS beat(16)6
Avg EPS beat(16)26.86%
Revenue beat(2)1
Avg Revenue beat(2)-11.41%
Min Revenue beat(2)-22.85%
Max Revenue beat(2)0.02%
Revenue beat(4)3
Avg Revenue beat(4)-4.81%
Min Revenue beat(4)-22.85%
Max Revenue beat(4)2.47%
Revenue beat(8)5
Avg Revenue beat(8)-2.84%
Revenue beat(12)6
Avg Revenue beat(12)-1.96%
Revenue beat(16)8
Avg Revenue beat(16)-0.99%
PT rev (1m)-12.21%
PT rev (3m)-3.34%
EPS NQ rev (1m)-125.53%
EPS NQ rev (3m)-125.53%
EPS NY rev (1m)-90.91%
EPS NY rev (3m)-10.53%
Revenue NQ rev (1m)-4.57%
Revenue NQ rev (3m)-23.48%
Revenue NY rev (1m)-10.12%
Revenue NY rev (3m)-10.12%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 9.96
P/FCF 65.11
P/OCF 38.92
P/B 1.08
P/tB 1.09
EV/EBITDA 23.18
EPS(TTM)-0.44
EYN/A
EPS(NY)-0.5
Fwd EYN/A
FCF(TTM)0.31
FCFY1.54%
OCF(TTM)0.51
OCFY2.57%
SpS2.01
BVpS18.52
TBVpS18.42
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -1.27%
ROE -2.39%
ROCE 1.59%
ROIC 1.26%
ROICexc 1.29%
ROICexgc 1.33%
OM 27.11%
PM (TTM) N/A
GM 81.19%
FCFM 15.3%
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-Score3
Asset Turnover0.06
Health
Industry RankSector Rank
Debt/Equity 0.83
Debt/FCF 49.97
Debt/EBITDA 10.31
Cap/Depr 21.88%
Cap/Sales 10.3%
Interest Coverage 250
Cash Conversion 34.51%
Profit Quality N/A
Current Ratio 1.79
Quick Ratio 1.79
Altman-Z 0.65
F-Score3
WACC7.1%
ROIC/WACC0.18
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)-150.29%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-105.41%
EPS Next Y6.05%
EPS Next 2Y-33.1%
EPS Next 3Y-23%
EPS Next 5YN/A
Revenue 1Y (TTM)-18.72%
Revenue growth 3Y4.2%
Revenue growth 5Y15.93%
Sales Q2Q%-42.26%
Revenue Next Year-15.72%
Revenue Next 2Y-1.22%
Revenue Next 3Y-0.21%
Revenue Next 5Y6.7%
EBIT growth 1Y-40.9%
EBIT growth 3Y-0.33%
EBIT growth 5Y10.2%
EBIT Next Year119.46%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y273.46%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-60.37%
OCF growth 3Y-3%
OCF growth 5Y6.7%