LAND · GLADSTONE LAND Corp
$9.46
-0.02 (-0.21%)
At close · Sep 30
Return incl. dividend (before tax)
Market Cap
$408.93M
Shares
43.14M
Volume · Sep 30
720.94K
Avg daily vol (3M)
679.92K
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$9.46
Open$9.54
Day$9.27–9.56
52W close$8.06–12.50
Avg vol 30d738K
Short int4.1M · 9.6% float · 4.7d
Short vol62%
Last earningsAug 12, 2026
DataJan 2020–Sep 2026
Filing10-Q · Aug 11
Up next
Next earnings call
Nov 4, 2026
Est · unconfirmed
· in 5 wks
filed Aug 11, 2026
call held Aug 12, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
—
Trailing 12 months
Net income (TTM)
—
Trailing 12 months
Revenue growth YoY
—
Year over year
Operating margin
—
Trailing 12 months
P / E (TTM)
—
Trailing earnings
FCF yield
—
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
—
Latest balance sheet
Dividend yield
5.9%
Trailing 12 months
Shares change YoY
—
Year over year · more shares
Price change (1Y)
+3.6%
Trailing year
Short interest
9.6%
Latest settlement · 4.7 days to cover
AI Brief
Q2 FY26 earnings call · Aug 12, 2026
Q2 FY26
TL;DR. Gladstone Land reported a Q2 net loss of $8.5M but improved AFFO to $(0.04)/share from $(0.10)/share a year ago, with pistachio pricing sharply higher (67% initial base price increase for 2026 crop) and almond prices 15-20% above last year, while recognizing a $4.2M impairment on four Arizona farms and keeping the common dividend flat.
Bullish
- + AFFO loss narrowed materially year-over-year to $(0.04)/share from $(0.10)/share
- + Pistachio pricing materially higher with 2026 initial base price up 67% and 2025 final expected at least $2.70/lb
- + Almond prices 15-20% above last year and at strongest levels in 10 years
- + Cash flows from operations surged ~405% to $19.9M from $4.0M year-over-year
- + Strong liquidity with ~$125M immediately available and ~$110M unpledged properties, plus new $37M Farm Credit revolver
- + Active preferred share repurchases generating ~$1.1M of gains since April at a 7.2% average yield
Bearish
- − Q2 net loss of $8.5M and net loss to common of $13.5M ($0.32/share)
- − Recorded $4.2M non-cash impairment on four Arizona farms marked down to a pending sale price
- − Q2 lease activity reduced annual NOI by ~$931K, mainly from renewing one lease at lower base rent in exchange for participation
- − Common dividend held flat at $0.0467/month despite higher crop prices
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Neutral
SellHoldBuy
Technical
Neutral
Momentum
Weak
Sentiment
Neutral
Fundamentals
Fair
Quant / Vol
Moderate
Market backdrop
VIX 16.3 · calm
Equity put/call 0.53
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−2%
below
Price vs 50-day avg
+6%
above
RSI (14)
55
neutral
MACD trend
Negative
52-week position
32%
mid-range
Momentum
relative strength
1-month return
−1%
trailing
6-month return
−8%
trailing
YTD return
+3%
this year
Relative strength
−21%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $9 › 200d $10 — 200d above 50d
Institutional flow
Accumulating
+4% holders QoQ · +30 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
9.62% of float · ▲ +24.8% MoM · 4.7 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
180 holders — mid 3-yr range
Squeeze score
77
high risk · 0–100
Fundamentals
Revenue growth
+4%
Y/Y
EPS growth
0%
Y/Y
Buyback
$110.0M
authorized
Balance sheet
$446.5M
net debt
Quant / Vol
risk profile
Volatility
28%
annualized · 1-yr
Max drawdown
−36%
past year
ATR
2.5%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Technicals
trend & momentum for long-term holders Neutral
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−2%
Neutral
Price vs 50-day avg
+6%
Bullish
RSI (14)
55
Neutral
MACD trend
Negative
Bearish
52-week position
32%
Neutral
Market signals — smart money & positioning
Mixed
Trend (MA cross)
No cross
50d $9 › 200d $10 — 200d above 50d
Institutional flow
Accumulating
+4% holders QoQ · +30 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
9.62% of float · ▲ +24.8% MoM · 4.7 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
180 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $8
Now $9 · 32%
Range high $13
vs 200-day avg -2%
vs 50-day avg +6%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Acre-feet of water assets owned | 55,649 | three months ended June 30, 2025 | — |
| Acres owned | 98,688 | three months ended June 30, 2025 | — |
| AFFO available to common stockholders non-GAAP | -$1.59M | the quarter ended 6/30/2026 | — |
GAAP → non-GAAP reconciliationGAAP CFFO available to common stockholders -1.66M
+773K Net adjustment for normalized cash rents
+126K Amortization of debt issuance costs
-823K Other non-cash (receipts) charges, net
= AFFO available to common stockholders -1.59M
|
|||
| CFFO available to common stockholders non-GAAP | -$1.66M | the quarter ended 6/30/2026 | — |
GAAP → non-GAAP reconciliationGAAP FFO available to common stockholders -1.93M
-5K Acquisition- and disposition-related (credits) expenses, net
+274K Other nonrecurring charges (receipts), net
= CFFO available to common stockholders -1.66M
|
|||
| CFFO per weighted-average common share—basic and diluted non-GAAP | -$0.04 | the three months ended June 30, 2026 filing | — |
| Diluted CFFO per weighted-average common share non-GAAP | -$0.04 | the quarter ended 6/30/2026 | — |
| Diluted FFO per weighted-average common share non-GAAP | -$0.05 | the quarter ended 6/30/2026 | — |
| Farms owned | 144 | three months ended June 30, 2025 | — |
| FFO available to common stockholders non-GAAP | -$1.93M | the quarter ended 6/30/2026 | — |
GAAP → non-GAAP reconciliationGAAP Net loss attributable to common stockholders -13.52M
+7.89M Real estate and intangible depreciation and amortization
-438K Gains (losses) on dispositions of real estate assets, net
+4.19M Impairment charges
-49K Adjustments for unconsolidated entities
= FFO available to common stockholders -1.93M
|
|||
| FFO per weighted-average common share—basic and diluted non-GAAP | -$0.04 | the three months ended June 30, 2026 filing | — |
| Gross proceeds | $14.23M | Three Months Ended June 30, 2026 filing | — |
| Net proceeds | $14.06M | Three Months Ended June 30, 2026 filing | — |
| Number of shares redeemed | 27,400 | Three Months Ended June 30, 2026 filing | — |
| Number of shares sold | 1,377,392 | Three Months Ended June 30, 2026 filing | — |
| Occupancy rate | 95.4% | three months ended June 30, 2025 | — |
| Same-property farms vacant, direct-operated, or on non-accrual status | 24 | For the three months ended June 30, 2026 filing | — |
| Series B Preferred Stock Number of shares repurchased | 143,190 | Three Months Ended June 30, 2026 filing | — |
| Series C Preferred Stock Number of shares repurchased | 276,123 | Three Months Ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
REIT - Specialty — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
LAND
this stock
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|
$408.93M | +3.4% | +3.7% | — | 9.6% |
|
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Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Earnings & Events
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| LAND | -0.7% | -1.1% | -8.3% | +3.1% | +3.4% |
| SPY | -0.7% | +0.1% | +12.2% | -0.6% | +11.8% |
| vs SPY | -0.1% | -1.2% | -20.5% | +3.6% | -8.5% |
Capital returns
Latest dividend
$0.047
/ share · ex Sep 21, 2026
Paid (TTM)
$0.564
/ share · 12 payouts
Dividend yield (TTM, derived)
5.96%
Buyback programs
· 4 active
· as of Jul 14, 2026
Authorized (total)
$110.00M
Spent (derived)
—
Remaining
—
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.