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Gladstone Land Corporation LAND

Listed / Traded Specialty NASDAQ Mgmt:

Established in 1997, Gladstone Land operates as a publicly traded real estate investment trust (REIT) focused on acquiring and owning agricultural land and related properties situated in key farming regions across the United States. It leases these assets to independent third-party farmers. The company regularly reports the fair value of its farmland holdings each quarter. Presently, its portfolio consists of 127 farms, covering approximately 94,000 acres in 13 different states, with an estimated worth of $1.0 billion. A significant portion of Gladstone Land's properties are located in areas suitable for growing fresh, annual row crops, such as berries and various vegetables, which are planted and harvested annually by its tenants. Additionally, the company's holdings include farms dedicated to permanent crops like almonds, apples, figs, olives, pistachios, other orchard fruits, blueberry groves, and vineyards. These permanent crops typically have a planting cycle of 10 to over 20 years but produce annual harvests. Beyond farmland, Gladstone Land may also acquire agricultural infrastructure, including cooling facilities, processing and packaging buildings, and distribution centers. Gladstone Land provides its stockholders with monthly distributions and has maintained an unbroken record of 93 consecutive monthly cash payouts on its common stock since its initial public offering in January 2013. Demonstrating consistent growth, the company has raised these common distributions 20 times over the last 23 quarters. The current per-share distribution on its common stock is $0.0449 per month, totaling $0.5388 annually.

Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-24 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K

Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.

Snapshot

Price
$8.70
Market cap
$375.29M
Enterprise value
$854.89M
Dividend yieldi
6.44%
Annual dividendi
$0.56
Frequency
Monthly
FFO / sharei
$0.04 · Q1 2026
AFFO / sharei
$0.08 · Q1 2026
Net debt / EBITDAi
9.10x · GAAP est.
Op. cash flow / sharei
$0.19
Price / OCFi
45.42
Payout (% of OCF)i
292.55%
Debt / book capitali
41.50%
Premium / disc. to NAVi
No free consensus-NAV source
Credit ratingi
No free ratings feed

Reported FFO / AFFO / leverage are from the Q1 2026 earnings release (filed 2026-05-11) — 8-K, EX-99.1 ✓ Verified to filing.

Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.

$10,000 invested

1149shares (~$8.70 each)
$644est. dividends / year
$54≈ per month
6.44%current yield

Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.

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Balance sheet (latest FY: 2025)

Total debt
$537.91M
Cash
$27.18M
Net debt / EBITDAi
9.10x
Debt / book capitali
41.50%
Total assets
$1.24B
Total equity
$670.29M
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Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.

Financial history

FYRevenueNet incomeD&A EBITDAOp. cash flow
2025 $88.34M $13.53M $34.55M $71.12M $6.99M
2024 $85.22M $13.29M $35.11M $70.29M $29.55M
2023 $90.40M $14.56M $37.25M $75.48M $40.08M
2022 $89.24M $4.71M $35.46M $65.91M $43.79M
2021 $75.32M $3.50M $27.30M $55.70M $32.38M
2020 $57.03M $4.93M $16.70M $42.28M $25.00M

Dividends

Recent regular dividends per share (special distributions excluded), oldest → newest.

Ex-dateRecordPaymentDeclaredAmountFreq.
2026-09-212026-09-212026-09-30 2026-07-14$0.05Monthly
2026-08-182026-08-182026-08-31 2026-07-14$0.05Monthly
2026-07-242026-07-242026-07-31 2026-07-14$0.05Monthly
2026-06-232026-06-232026-06-30 2026-04-14$0.05Monthly
2026-05-202026-05-202026-05-29 2026-04-14$0.05Monthly
2026-04-242026-04-242026-04-30 2026-04-14$0.05Monthly
2026-03-232026-03-232026-03-31 2026-01-13$0.05Monthly
2026-02-182026-02-182026-02-27 2026-01-13$0.05Monthly
2026-01-232026-01-232026-01-30 2026-01-13$0.05Monthly
2025-12-222025-12-222025-12-31 2025-10-14$0.05Monthly
2025-11-172025-11-172025-11-26 2025-10-14$0.05Monthly
2025-10-242025-10-242025-10-31 2025-10-14$0.05Monthly
2025-09-222025-09-222025-09-30 2025-07-10$0.05Monthly
2025-08-202025-08-202025-08-29 2025-07-10$0.05Monthly
2025-07-212025-07-212025-07-31 2025-07-10$0.05Monthly
2025-06-202025-06-202025-06-30 2025-04-08$0.05Monthly
2025-05-212025-05-212025-05-30 2025-04-08$0.05Monthly
2025-04-212025-04-212025-04-30 2025-04-08$0.05Monthly
2025-03-192025-03-192025-03-31 2025-01-14$0.05Monthly
2025-02-192025-02-192025-02-28 2025-01-14$0.05Monthly
2025-01-242025-01-242025-01-31 2025-01-14$0.05Monthly
2024-12-202024-12-202024-12-31 2024-10-08$0.05Monthly
2024-11-202024-11-202024-11-29 2024-10-08$0.05Monthly
2024-10-222024-10-222024-10-31 2024-10-08$0.05Monthly

Coverage (payout of operating cash flow): 292.55%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).

Recent news — LAND

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Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.

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