Gladstone Land (LAND) Financials: History & Chart

Gladstone Land Corporation(LAND)

REIT - Specialty · McLean, VA

$9.78+0.10 (+1.01%)

Delayed quote: Oct 6, 2026, 12:20 PM EDT

About Gladstone Land Corporation

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.

McLean, VA

75 employees

www.gladstonefarms.com

Real Estate / REIT - Specialty

Sector: Real Estate
Industry: REIT - Specialty
CEO: David John Gladstone

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Financials

SEC Filings

Quarterly Income Statement (USD)

Swipe horizontally to review earlier periods. The line-item column stays pinned.

Quarterly Report	TTM	Quarter ended Jun 2026	Quarter ended Mar 2026	Quarter ended Dec 2025	Quarter ended Sep 2025	Quarter ended Jun 2025	Quarter ended Mar 2025	Quarter ended Dec 2024	Quarter ended Sep 2024
Revenue	88.48M	12.69M	16.55M	41.45M	17.79M	12.30M	16.80M	21.10M	22.57M
Cost of Goods Sold	97.07M	19.07M	24.64M	33.20M	20.16M	19.98M	20.04M	1.86M	1.38M
Gross Profit	-8.59M	-6.37M	-8.09M	8.25M	-2.38M	-7.68M	-3.24M	19.24M	21.19M
Gross Profit Margin	-9.7%	-50.2%	-48.9%	19.9%	-13.4%	-62.5%	-19.3%	91.2%	93.9%
Total Operating Expenses	-29.84M	-6.26M	-8.93M	-7.47M	-7.19M	-7.47M	-6.92M	11.96M	12.21M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Selling, General & Administrative	1.57M	1.63M	1.44M	-4.70M	3.20M	2.89M	3.57M	3.31M	3.30M
Operating Income (EBIT)	21.25M	-116K	835K	15.72M	4.81M	-214K	3.68M	7.28M	8.98M
Operating Margin	24.0%	-0.9%	5.0%	37.9%	27.0%	-1.7%	21.9%	34.5%	39.8%
Income Before Tax (EBT)	-6.47M	-8.46M	-4.30M	4.21M	2.09M	-7.88M	15.11M	540K	6K
Interest Income	N/A	N/A	N/A	N/A	N/A	N/A	1.70M	N/A	N/A
Interest Expense	21.01M	4.66M	4.97M	5.78M	5.61M	5.73M	5.93M	5.39M	5.40M
Other Income/Expense	-27.71M	-8.34M	-5.14M	-11.51M	-2.72M	-7.66M	11.43M	-6.74M	-8.97M
Net Income	-6.47M	-8.46M	-4.30M	4.21M	2.09M	-7.88M	15.11M	540K	6K
Income Tax Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit Margin	-7.3%	-66.7%	-26.0%	10.2%	11.7%	-64.1%	89.9%	2.6%	0.0%
EBITDA	57.28M	7.77M	11.21M	25.07M	13.23M	8.19M	12.13M	15.93M	17.81M
EBITDA Margin	64.7%	61.2%	67.7%	60.5%	74.4%	66.6%	72.2%	75.5%	78.9%
Depreciation & Amortization	36.03M	7.89M	10.37M	9.35M	8.42M	8.40M	8.45M	8.65M	8.83M
EPS Basic	-0.72	-0.32	-0.24	-0.05	-0.11	-0.38	0.25	-0.15	-0.16
EPS Diluted	-0.72	-0.32	-0.24	-0.05	-0.11	-0.38	0.25	-0.15	-0.16
Weighted Average Basic Shares	42.91M	42.91M	40.86M	36.51M	36.19M	36.18M	36.18M	36.05M	35.84M
Weighted Average Diluted Shares	42.91M	42.91M	40.86M	36.51M	36.19M	36.18M	36.18M	36.05M	35.84M

Annual Income Statement (USD)

Swipe horizontally to review earlier years. The line-item column stays pinned.

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	88.34M	85.22M	90.40M	89.24M	75.32M	57.03M	40.69M	36.69M
Cost of Goods Sold	93.39M	5.33M	4.20M	2.82M	2.54M	1.85M	2.47M	2.04M
Gross Profit	-5.05M	79.88M	86.20M	86.42M	72.78M	55.18M	38.22M	34.64M
Gross Profit Margin	-5.7%	93.7%	95.4%	96.8%	96.6%	96.8%	93.9%	94.4%
Total Operating Expenses	-29.04M	48.50M	52.71M	51.64M	41.08M	27.53M	18.91M	22.53M
Research & Development	N/A	N/A	N/A	N/A	N/A	N/A	N/A	0.13
Selling, General & Administrative	4.96M	13.34M	13.78M	13.05M	9.99M	7.84M	5.28M	5.48M
Operating Income (EBIT)	23.99M	31.38M	33.48M	34.77M	31.70M	27.65M	19.31M	12.11M
Operating Margin	27.2%	36.8%	37.0%	39.0%	42.1%	48.5%	47.4%	33.0%
Income Before Tax (EBT)	13.53M	13.29M	14.56M	4.72M	3.51M	4.96M	1.76M	2.77M
Interest Income	N/A	N/A	N/A	N/A	2.20M	1.30M	N/A	N/A
Interest Expense	23.04M	21.89M	23.66M	25.74M	27.95M	N/A	16.33M	12.13M
Other Income/Expense	-10.46M	-18.09M	-18.92M	-30.06M	-28.19M	-22.70M	-17.54M	-8.25M
Net Income	13.53M	13.29M	14.56M	4.71M	3.50M	4.93M	1.74M	2.63M
Income Tax Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.78M
Net Profit Margin	15.3%	15.6%	16.1%	5.3%	4.6%	8.6%	4.3%	7.2%
EBITDA	58.54M	66.49M	70.74M	70.23M	59.01M	44.35M	32.10M	37.78M
EBITDA Margin	66.3%	78.0%	78.2%	78.7%	78.3%	77.8%	78.9%	103.0%
Depreciation & Amortization	34.55M	35.11M	37.25M	35.46M	27.30M	16.70M	12.79M	25.67M
EPS Basic	-0.29	-0.29	-0.28	-0.43	-0.29	-0.20	-0.13	0.17
EPS Diluted	-0.29	-0.29	-0.28	-0.43	-0.29	-0.20	-0.13	0.17
Weighted Average Basic Shares	36.51M	35.91M	35.73M	34.56M	30.36M	22.26M	19.60M	15.50M
Weighted Average Diluted Shares	36.51M	35.91M	35.73M	34.56M	30.36M	22.26M	19.60M	15.50M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.