Gladstone Land Corp
F:3L4

Watchlist Manager
Gladstone Land Corp Logo
Gladstone Land Corp
F:3L4
Watchlist
Price: 7.815 EUR -3.4% Market Closed
Market Cap: €280.1m

Gladstone Land Corp
Investor Relations

Gladstone Land Corp is a real estate company that owns farmland and related agricultural properties in the United States. It does not farm the land itself. Instead, it buys farmland that grows fruits, vegetables, and other specialty crops, then leases that land to farmers and grower-operators who use it for production. The company makes money mainly through rent. Its tenants pay to use the farmland under long-term lease agreements, and in some cases Gladstone Land also earns income from water rights, irrigation systems, and farm-related improvements tied to the land. That makes it more like a landlord for agriculture than a traditional farm operator. Its customers are growers who need reliable access to productive land, especially in crop areas where water, soil quality, and location matter a lot. Gladstone Land stands out because it focuses on farmland as a real estate asset class, giving farmers a way to use land without owning it and giving investors exposure to agricultural property rather than crop prices or farm operating risk.

Show more
Loading...
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 12, 2026
AI Summary
Q1 2026

Results: Gladstone Land reported a first-quarter net loss of about $4.3 million, or $0.24 per share, but adjusted FFO improved to $3.1 million, or $0.08 per share, from $2.0 million a year ago.

Crop outlook: Management said 2025 crop results were stronger than expected, especially for almonds and pistachios, and they expect the remaining pistachio marketing bonus to be recognized in the fourth quarter.

Leasing pressure: The company is still dealing with vacant farms, tenant payment issues, and several leases expiring over the next six months, and management said some participation-rent farms may stay in that structure through at least the 2027 crop year.

Balance sheet: Gladstone Land continued to use ATM proceeds and property-sale proceeds to reduce leverage, redeem preferred stock, and buy back more preferred shares.

Market backdrop: Management described farmland and crop markets as mixed but improving in some areas, with stronger pistachio pricing, steadier almond pricing, and continued weakness in wine grapes.

Liquidity: The company said it has about $150 million of immediately available capital and over $110 million of unpledged properties that could be used for additional collateral.

Key Financials
Net loss
about $4.3 million
Net loss to common shareholders
$10 million
Net loss per share
$0.24
Adjusted FFO
$3.1 million
Adjusted FFO per share
$0.08
Immediately available liquidity
about $150 million
Unpledged properties
over $110 million
Weighted average interest rate
3.41%
Fixed-rate borrowing share
over 99%
Series D Term Preferred redemption coupon
5% to 8%
ATM proceeds raised in 2026
about $50 million
Preferred stock repurchased in 2026
over $6 million
Average preferred repurchase yield
7.4%
Gain on preferred repurchases
nearly $700,000
Monthly dividend
$0.0467 per share
Annualized dividend yield
5.9%
Stock price
$9.44
Scheduled principal amortization next 12 months
about $17 million
Loans with fixed-rate terms resetting over next year
about $155 million
MetLife facility repricing amount
about $133 million
Leases expiring in next 6 months
5 leases
Revenue represented by near-term lease expirations
about 4%
Vacant farms
8 farms
Tenants on cash-basis revenue recognition
4 tenants
Farm sales planned
2 to 5 farms
Earnings Call Recording
Other Earnings Calls

Management

Ms. Paula Novara
Head of Resource Management & Director
No Bio Available
Mr. David John Gladstone
Founder, Chairman, CEO & President
No Bio Available
Mr. Lewis Parrish CPA
CFO & Assistant Treasurer
No Bio Available
Mr. Terry Lee Brubaker
Chief Operating Officer
No Bio Available
Ms. Karin McLaughlin
Investor Relations Specialist
No Bio Available
Mr. John Anthony Dellafiora Jr., CPA
Chief Compliance Officer
No Bio Available
Mr. Michael Bernard LiCalsi Esq., J.D.
General Counsel & Secretary
No Bio Available
Mr. William Reiman
Executive Vice President of West Coast Operations
No Bio Available
Ms. Jennifer A. Smith
Chief Valuation Officer
No Bio Available
Mr. Jay Beckhorn CPA
Treasurer
No Bio Available

Contacts

Address
VIRGINIA
MC LEAN
1521 Westbranch Dr Ste 100
Contacts
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett