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Gladstone Land Corporation(LAND)Earnings, Financials & Key Ratios
LAND•NASDAQ•REIT / Real Estate
$8.56
Price updated Jul 7, 2026
AboutFounded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. and leases its properties to unrelated third-party farmers. The Company, which reports the aggregate fair value of its farmland holdings on a quarterly basis, currently owns 127 farms, comprised of approximately 94,000 acres in 13 different states, valued at approximately $1.0 billion. Gladstone Land's farms are predominantly located in regions where its tenants are able to grow fresh produce annual row crops, such as berries and vegetables, which are generally planted and harvested annually. The Company also owns farms growing permanent crops, such as almonds, apples, figs, olives, pistachios, and other orchards, as well as blueberry groves and vineyards, which are generally planted every 10 to 20-plus years and harvested annually. The Company may also acquire property related to farming, such as cooling facilities, processing buildings, packaging facilities, and distribution centers. The Company pays monthly distributions to its stockholders and has paid 93 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The Company has increased its common distributions 20 times over the prior 23 quarters, and the current per-share distribution on its common stock is $0.0449 per month, or $0.5388 per year.Show more
- Revenue$88M+3.7%
- FFO$48M-0.7%
- FFO/Share1.32-2.3%
- FFO Payout42.57%+2.5%
- FFO per Share1.32-2.3%
- NOI Margin-5.72%-106.1%
- FFO Margin54.42%-4.2%
- ROE1.99%+5.5%
- ROA1.06%+7.7%
LAND Price & Volume
Gladstone Land Corporation (LAND) stock price & volume — 10-year historical chart
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Volatile Agricultural REIT Performance Masks Structural Risks
Investment Thesis • Updated 2026Q1
VerdictNegative: The company's inability to maintain consistent profitability
Growth:Contracting
Profitability:Negative
Financial:Strained
Cash Flow:Mixed
Primary Risk:Volatile Property-Level Profitability
Key Thesis Takeaways
- Gladstone Land Corporation faces significant operational instability, characterized by extreme volatility in NOI margins which plummeted to -48.9% in 2026Q1.
- The company's reliance on debt-financed growth has shifted toward asset rationalization, with total assets contracting from $1.4 billion in 2024Q2 to $1.2 billion in 2026Q1.
- Investors should remain cautious as the precarious dividend coverage, evidenced by a Div/AFFO ratio that spiked to 9.73 in 2025Q2, suggests that recurring cash flows may be insufficient to sustain current distribution levels.
Verdict Logic
evidenced by a negative 0.6% ROE in 2026Q1 and extreme FFO volatility, suggests that the current 6.5% dividend yield may be unsustainable.
LAND Growth Metrics
Gladstone Land Corporation (LAND) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years22.2%
5 Years9.15%
3 Years-0.34%
TTM7.73%
Profit CAGR
10 Years37.29%
5 Years22.39%
3 Years42.17%
TTM-139.67%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-212%
Return on Capital
10 Years2.57%
5 Years2.36%
3 Years2.22%
Last Year1.91%
LAND Recent Earnings
Gladstone Land Corporation (LAND) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 5/12 qtrs (42%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 11, 2026Metric
Actual
Est
EPS
$0.08+136.0%
$0.22
Rev
$17M+16.5%
$14M
Q1 2026
Feb 24, 2026Metric
Actual
Est
EPS
$0.38+26.7%
$0.30
Rev
$41M+41.1%
$29M
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$0.04+233.3%
$0.03
Rev
$18M-44.5%
$32M
Q3 2025
Aug 7, 2025Metric
Actual
Est
EPS
$0.09-400.0%
$0.03
Rev
$12M-21.3%
$16M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 11, 2026 | $0.08vs $0.22+136.0% | $17Mvs $14M+16.5% |
| Q1 2026 | Feb 24, 2026 | $0.38vs $0.30+26.7% | $41Mvs $29M+41.1% |
| Q4 2025 | Nov 5, 2025 | $0.04vs $0.03+233.3% | $18Mvs $32M-44.5% |
| Q3 2025 | Aug 7, 2025 | $0.09vs $0.03-400.0% | $12Mvs $16M-21.3% |
Based on last 12 quarters of dataView full earnings history →
Latest LAND News
Recent stock market news and headlines for Gladstone Land Corporation (LAND)
Peers Comparison
Key metrics vs top competitors for Gladstone Land Corporation (LAND)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $8.56 | $369.25M | -29.52 | 3.66% | 15.31% | 1.99% | 6.55% | |
| $9.58 | $417.97M | 15.45 | -10.39% | 56% | 5.65% | — | |
| $8.62 | $574.66M | -8.62 | 1.48% | -11.93% | -5.93% | — | |
| $12.53 | $606.54M | 30.56 | 8% | 12.75% | 9.74% | — | |
| $15.64 | $622.82M | 3.28 | -20.47% | 173.56% | 34.04% | — | |
| $19.36 | $437.4M | 7.59 | 20.37% | 62.31% | 8.94% | — |
Compare LAND vs Peers
Gladstone Land Corporation (LAND) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
LAND SEC Filings & Documents
Gladstone Land Corporation (LAND) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
May 14, 2026·SEC
Material company update
May 11, 2026·SEC
Material company update
Apr 24, 2026·SEC
10-K Annual Reports
410-Q Quarterly Reports
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LAND Frequently Asked Questions
Gladstone Land Corporation (LAND) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Gladstone Land Corporation's revenue?
Gladstone Land Corporation (LAND) reported $88.1M in revenue for fiscal year 2025. This represents a 3543% increase from $2.4M in 2010.
How fast is Gladstone Land Corporation growing?
Gladstone Land Corporation (LAND) grew revenue by 3.7% over the past year. Growth has been modest.
Is LAND profitable?
Gladstone Land Corporation (LAND) reported a net loss of $5.9M for fiscal year 2025.
Dividend & Returns
Does LAND pay dividends?
Yes, Gladstone Land Corporation (LAND) pays a dividend with a yield of 6.55%. This makes it attractive for income-focused investors.
What is LAND's return on equity?
Gladstone Land Corporation (LAND) has a return on equity (ROE) of 2.0%. This is below average, suggesting room for improvement.
Industry Metrics
What is Gladstone Land Corporation's FFO?
Gladstone Land Corporation (LAND) generated Funds From Operations (FFO) of $30.7M in the trailing twelve months. FFO is the primary profitability metric for REITs.
Is LAND a good dividend stock?
Gladstone Land Corporation (LAND) offers a 6.55% dividend yield, which is attractive for income investors. REITs are required to distribute at least 90% of taxable income to shareholders.