Gladstone Land Corporation LAND
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
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
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model LAND yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. 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-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-09-21 | 2026-09-21 | 2026-09-30 | 2026-07-14 | $0.05 | Monthly |
| 2026-08-18 | 2026-08-18 | 2026-08-31 | 2026-07-14 | $0.05 | Monthly |
| 2026-07-24 | 2026-07-24 | 2026-07-31 | 2026-07-14 | $0.05 | Monthly |
| 2026-06-23 | 2026-06-23 | 2026-06-30 | 2026-04-14 | $0.05 | Monthly |
| 2026-05-20 | 2026-05-20 | 2026-05-29 | 2026-04-14 | $0.05 | Monthly |
| 2026-04-24 | 2026-04-24 | 2026-04-30 | 2026-04-14 | $0.05 | Monthly |
| 2026-03-23 | 2026-03-23 | 2026-03-31 | 2026-01-13 | $0.05 | Monthly |
| 2026-02-18 | 2026-02-18 | 2026-02-27 | 2026-01-13 | $0.05 | Monthly |
| 2026-01-23 | 2026-01-23 | 2026-01-30 | 2026-01-13 | $0.05 | Monthly |
| 2025-12-22 | 2025-12-22 | 2025-12-31 | 2025-10-14 | $0.05 | Monthly |
| 2025-11-17 | 2025-11-17 | 2025-11-26 | 2025-10-14 | $0.05 | Monthly |
| 2025-10-24 | 2025-10-24 | 2025-10-31 | 2025-10-14 | $0.05 | Monthly |
| 2025-09-22 | 2025-09-22 | 2025-09-30 | 2025-07-10 | $0.05 | Monthly |
| 2025-08-20 | 2025-08-20 | 2025-08-29 | 2025-07-10 | $0.05 | Monthly |
| 2025-07-21 | 2025-07-21 | 2025-07-31 | 2025-07-10 | $0.05 | Monthly |
| 2025-06-20 | 2025-06-20 | 2025-06-30 | 2025-04-08 | $0.05 | Monthly |
| 2025-05-21 | 2025-05-21 | 2025-05-30 | 2025-04-08 | $0.05 | Monthly |
| 2025-04-21 | 2025-04-21 | 2025-04-30 | 2025-04-08 | $0.05 | Monthly |
| 2025-03-19 | 2025-03-19 | 2025-03-31 | 2025-01-14 | $0.05 | Monthly |
| 2025-02-19 | 2025-02-19 | 2025-02-28 | 2025-01-14 | $0.05 | Monthly |
| 2025-01-24 | 2025-01-24 | 2025-01-31 | 2025-01-14 | $0.05 | Monthly |
| 2024-12-20 | 2024-12-20 | 2024-12-31 | 2024-10-08 | $0.05 | Monthly |
| 2024-11-20 | 2024-11-20 | 2024-11-29 | 2024-10-08 | $0.05 | Monthly |
| 2024-10-22 | 2024-10-22 | 2024-10-31 | 2024-10-08 | $0.05 | Monthly |
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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Gladstone Land Announces Preferred Stock Repurchase Authorization
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Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
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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.