Colliers Securities analyst Barry Oxford maintains a Hold rating for Gladstone Land with a price target of $9.50, despite a Hold analyst consensus rating and a $10.40 average price target. Oxford has an average return of -0.4% and a 45.93% success rate. LAND market cap is $314.4M and has a P/E ratio of -19.55.
Gladstone Land (LAND) released its second-quarter 2025 earnings report, revealing a net loss of $7.9 million and a net loss to common shareholders of $13.9 million, or $0.38 per share. This compares to a positive adjusted FFO (Funds from Operations) of $3.7 million, or $0.10 per share, in the same quarter last year. The company's FFO for the quarter was negative $3.4 million, or $0.10 per share, a significant drop from the Zacks Consensus Estimate of $0.03 per share [1].
The report highlights a shift in the company's lease structure, with eight farms transitioning to crop share or direct operation arrangements. This change is expected to reduce fixed base rents by about $17 million for fiscal year 2025 compared to 2024. The majority of the resulting crop share proceeds will be recognized as participation rent in the fourth quarter of 2025, with the remaining portion in the second half of 2026 [2].
Colliers Securities analyst Barry Oxford maintains a Hold rating for Gladstone Land, with a price target of $9.50. This rating is despite a Hold analyst consensus rating and a $10.40 average price target. Oxford's average return is -0.4% and his success rate is 45.93%. As of July 2, 2025, LAND has a market cap of $314.4 million and a P/E ratio of -19.55 [1].
The company's shares have lost about 16% since the beginning of the year, while the S&P 500 has gained 7.9%. Despite the recent underperformance, analysts are closely monitoring the company's FFO outlook and management's commentary on the earnings call for insights into future performance.
References:
[1] https://www.nasdaq.com/articles/gladstone-land-land-reports-q2-loss-lags-revenue-estimates
[2] https://seekingalpha.com/news/4482827-gladstone-land-signals-17m-shift-to-participation-rents-while-maintaining-6_1-percent-yield
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