Added to YB: 2025-09-19
Pitch date: 2025-08-03
LAND [bearish]
Gladstone Land Corporation
+4.64%
current return
Author Info
No bio for this author
Company Info
Gladstone Land is a publicly traded real estate investment trust that owns farmland and farm-related properties located in major agricultural markets in the U.
Market Cap
$359.8M
Pitch Price
$8.61
Price Target
N/A
Dividend
6.72%
EV/EBITDA
12.23
P/E
-10.62
EV/Sales
9.44
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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