Gladstone Land Corp. (LAND)

In January 2026, Gladstone Land announced monthly cash distributions, redeemed Series D Preferred Stock, and was included in Zacks' list of Best Income Stocks. In November 2025, the company announced its Third Quarter results, with Oppenheimer downgrading the stock and Alliance Global Partners raising its price target. In October 2025, the company announced monthly cash distributions. In August 2025, Gladstone Land announced a gain on the sale of two Florida farms and reported its Second Quarter results, which included a larger-than-expected loss per share and a revenue shortfall. Between January 7, 2025, and January 6, 2026, the share price experienced a decline.

Demand seasonality for Gladstone Land's products and services is linked to the agricultural cycles of the crops grown on its farmlands. Annual row crops and permanent crops contribute to recurring, but potentially seasonal, revenue streams. The company's shift in lease structures to enhance variable income indicates that revenue can be tied to specific quarters and agricultural output, suggesting that the demand for its leased farmland can experience seasonal fluctuations based on crop cycles and market conditions.

Gladstone Land Corporation is a publicly traded real estate investment trust that specializes in acquiring and owning farmland and farm-related properties across major agricultural markets in the United States. The company's portfolio primarily consists of farms where tenants cultivate fresh produce annual row crops and permanent crops. Gladstone Land may also acquire farm-related properties such as cooling facilities, processing buildings, packaging facilities, and distribution centers, leasing its properties on a triple-net basis to corporate and independent farmers.

Gladstone Land Corporation's geographic footprint spans 15 different states in the U.S. As of November 5, 2025, the company owned 148 farms, comprising approximately 100,000 total acres, and also holds over 55,000 acre-feet of water assets in California. These states include Arizona, California, Colorado, Delaware, Florida, Georgia, Maryland, Michigan, Nebraska, New Jersey, North Carolina, Oregon, South Carolina, Texas, and Washington.

Gladstone Land Corporation aims to be the premier farmland real estate company, focusing on owning high-quality farms and farm-related properties leased on a triple-net basis to strong tenants. The company has paid 150 to 155 consecutive monthly cash distributions on its common stock since its initial public offering. However, the company's financial health has presented some concerns, with an Altman Z-Score placing the company in the distress zone and reported losses and revenue shortfalls potentially affecting market confidence.

Gladstone Land Corporation's ownership structure includes institutional investors holding approximately 38.71% to 46.8% of the shares, individual investors holding around 6.8%, and retail investors holding about 49.4% to 54% of the shares. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and Amundi. David Gladstone, the company's Founder, Chairman, CEO, and President, is a significant individual owner.