Gladstone Land Corp. (LAND)

Gladstone Land announced monthly cash distributions for October, November, and December 2025, along with Q3 earnings release and conference call dates. The company announced a gain on the sale of two Florida farms. Gladstone Land released its Second Quarter 2025 Results, reporting a net loss to common shareholders and negative Adjusted Funds From Operations (AFFO). Gladstone Land announced a preferred stock repurchase authorization. The company reported its financial results for the fourth quarter and year ended December 31, 2024, including the disposition of 12 farms and the execution of 31 amended or new lease agreements. Gladstone Land began reassessing its permanent cropland holdings due to recent price declines and increased costs, exploring options like renegotiating leases or disposing of assets.

Demand seasonality for Gladstone Land Corp.'s products and services is inherent in the agricultural nature of its business. The farms primarily grow fresh produce annual row crops, such as berries and vegetables, which are planted and harvested annually, implying seasonal cycles. The company's recent shift to lease structures with "participation rents" means that a significant portion of revenue from these leases is expected to be recognized primarily in the fourth quarter, further highlighting a seasonal aspect to its revenue recognition. Market downturns and price declines in certain permanent crops also underscore how external market seasonality and commodity cycles can impact the profitability of the crops grown on Gladstone Land's properties.

Gladstone Land Corp. operates as an agricultural REIT, focusing on owning and leasing farmland across the U.S. The company acquires farmland and related properties, leasing them to farmers on a triple-net lease basis. Its portfolio includes land for fresh produce annual row crops and permanent crops like almonds and blueberries. The company also owns farming-related properties and holds significant water assets in California.

Gladstone Land Corp. has a substantial geographic footprint across 15 states in the U.S. As of August 7, 2025, the company owned 150 farms, comprising approximately 103,000 acres, in Arizona, California, Colorado, Delaware, Florida, Georgia, Maryland, Michigan, Nebraska, New Jersey, North Carolina, Oregon, South Carolina, Texas, and Washington. It also possesses over 55,000 acre-feet of water assets in California.

Gladstone Land Corp.'s reputation has been influenced by its financial performance and strategic responses to market conditions. The company faces challenges in the permanent cropland market and AFFO weakness, reflected in a depressed stock price. Despite these challenges, the company maintains a reputation for its commitment to shareholder value, evidenced by a history of increasing its dividends and a high shareholder yield. Gladstone Land also boasts a strong liquidity position and is proactively reassessing its permanent cropland holdings.

Gladstone Land Corp.'s ownership consists of institutional shareholders (43.37%), individual insiders (6.37%), and retail investors (50.26%). Major institutional owners include Vanguard Group Inc. and BlackRock, Inc. David Gladstone, the CEO, is the largest individual shareholder, owning 1.60 million shares, representing 4.42% of the company.