WinstonWınston
Gladstone Land Corporation logo

Gladstone Land Corporation

LANDO
26
REIT - Specialty · Real Estate
Price
$20.91
+0.01 (+0.05%)
Market Cap
$756.6M
Exchange
NASDAQ Global Market
Winston Score
26
Winston is worried
Below-average fundamentals — multiple weak pillars.

Share count rising — dilution

+20.3% over 4y

The company has issued more shares over this period, which dilutes each existing shareholder’s stake.

Diluted shares outstanding: 30.4M (2021) → 36.5M (2025)

Gladstone Land Corporation is a real estate investment trust (REIT) that owns farmland across the United States. Instead of farming the land itself, it buys agricultural properties and leases them to farmers who grow fruits, vegetables, and other crops. It is one of the few publicly traded companies focused specifically on owning farmland as an investment.

The company makes money by collecting rent from the farmers who lease its land, typically under long-term lease agreements. Gladstone Land operates primarily in states like California, Florida, and Michigan, and owns roughly 160+ farms totaling tens of thousands of acres. Its competitive edge comes from owning a scarce, finite resource — productive farmland — which tends to hold its value over time. The main risk the company faces is rising interest rates, which increase its borrowing costs and make its dividend yield less attractive compared to other income investments.

Winston Score History

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

-1.5% YoY

YoY Growth Rate

Revenue declining

EPS Growth

-196.0% YoY

YoY Growth Rate

Earnings declining

R&D Spend

$0/ year

0.0% of revenue

Below sector average (1%)

Research and development spending

Insider Activity

100.0%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

$1.1B cash & investments

Quarterly Free Cash Flow

↑ Burn rate improving

Company generates more cash than it spends — no dilution risk from fundraising

Revenue declining

Gladstone Land Corporation's revenue is actually shrinking. In a growth stock, that removes the core investment thesis. The low Winston Score here may be warranted — unless there's a turnaround story.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Gross Margin
-48.9%
Thin — -48.9% gross margin
Operating Margin
5.0%
Thin — 5.0% operating margin
ROCE
0.1%
Weak — 0.1% return on capital

ROIC between 0% and 5%. They earn a few cents back per dollar invested in the business.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Growth

Sales YoY
+7.7%
Steady sales growth (7.7% YoY)
EPS YoY
N/A
Data not available
EPS Consistency
0/8 quarters
Earnings rarely grow — volatile business

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Cash Flow

Cash Conversion
N/A
Data not available
FCF Margin
7.1%
Modest free cash flow (7.1%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Stability

Debt / Equity
0.70
Moderate — manageable debt (0.70)
Interest Cover
0.96x
Dangerous — barely covers interest (1.0x)

Interest coverage below 1. Their profits don't cover the interest bill.

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Valuation

P/E Ratio (TTM)
N/M
Negative earnings — P/E not meaningful
P/E vs Forward
N/A
not available
Data not available

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free

Dividends

Dividend Yield
6.62%
Healthy income — 6.62% yield

Yield above 6% — often a flag the market is pricing in a cut.

Dividend Growth
+0.0%
Dividend flat

Full breakdown available with your free trial

See every metric, trend, and what it means for this stock.

Try free
🔒 See full fundamentals and if they are improving or declining — click here for your free trial now.
Start free trial