Added to YB: 2025-09-19
Pitch date: 2025-08-03
LAND [bearish]
Gladstone Land Corporation
-1.78%
current return
Author Info
No bio for this author
Company Info
Founded in 1997, Gladstone Land 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.
Market Cap
$323.5M
Pitch Price
$9.00
Price Target
N/A
Dividend
6.27%
EV/EBITDA
13.70
P/E
-20.13
EV/Sales
11.62
Sector
Specialized REITs
Category
N/A
Gladstone Land Corporation - $LAND
LAND short: Farmland REIT w/ 67% CA exposure faces labor shortages from immigration raids, water rights restrictions, fruit fly infestations. 14x debt/preferred-to-EBITDA, rising vacancies (96% vs 99-100% historic), declining NOI, dividend uncovered. FPI peer marked down CA farms 50%. Trades 20x EBITDA despite distress signals.
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