Gladstone Land Corporation LAND
Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that owns farmland and farm-related properties located in major agricultural markets in the U.S. The Company currently owns 144 farms, comprised of approximately 99,000 acres in 14 different states and nearly 56,000 acre-feet (or over 18.1 billion gallons) of water assets in California. 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, blueberries, figs, olives, pistachios, and wine grapes, which are generally planted every 20-plus years and harvested annually.
Snapshot
Reported FFO / AFFO / leverage are from the Q1 2026 earnings release (filed 2026-05-11) — 8-K, EX-99.1.
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.
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
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 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 |
| 2024-09-20 | 2024-09-20 | 2024-09-30 | 2024-07-09 | $0.05 | Monthly |
| 2024-08-21 | 2024-08-21 | 2024-08-30 | 2024-07-09 | $0.05 | Monthly |
| 2024-07-22 | 2024-07-22 | 2024-07-31 | 2024-07-09 | $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).
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.