GLADSTONE LAND Corp: insider trades · United States · SEC (Form 4)

About GLADSTONE LAND Corp

Gladstone Land Corporation is a U.S.-listed agricultural real estate company traded on the NASDAQ market in the United States. Founded in 1997 and re-incorporated in Maryland in 2011, the company has built a highly specialized model focused on acquiring farmland and farm-related properties and leasing them to independent and corporate farmers. For French-, Belgian-, and Swiss-based investors, it is best understood as an agricultural REIT with exposure to a scarce real asset: productive farmland, rather than a traditional operating agribusiness. The company’s business model is centered on long-term leasing, often through triple-net structures or leases that include a variable rent component tied to the gross revenues of certain farms. In other words, Gladstone Land generally does not operate the farms it owns; instead, it monetizes land scarcity, irrigation quality, and access to attractive agricultural regions. Its portfolio is spread across major U.S. farming states, including California, Arizona, Florida, Oregon, Michigan, Texas, Washington, and several others. The company also highlights meaningful water-related assets in California, which are particularly important in regions where irrigation and water access are key determinants of farmland value. From a competitive standpoint, Gladstone Land occupies a niche position. It is one of the more focused publicly traded farmland owners in the U.S., with a portfolio oriented toward high-value specialty crops such as fresh produce, nuts, and permanent crops. This specialization can be attractive because prime farmland is a limited resource and tends to be difficult to replicate. At the same time, the model remains exposed to weather volatility, water constraints, commodity and crop-cycle dynamics, rising interest rates, and tenant credit risk. As of February 24, 2026, Gladstone Land reported owning 144 farms totaling approximately 99,000 acres across 14 U.S. states, leased to 82 unrelated third-party tenants growing more than 60 crop types. The company also stated that its occupancy rate, based on farmable acreage and including direct-operated farms, was 95.0%. It further noted that a significant share of its fresh-produce acreage is organic or in transition to organic, and that a meaningful portion of its permanent-crop acreage falls into that category as well. This supports the company’s positioning in higher-value agricultural segments, while also adding operational complexity. Headquartered in McLean, Virginia, Gladstone Land operates with regional presence in California, Florida, and the Mid-Atlantic. Recent corporate events include the August 2025 sale of two Florida farms for $21.5 million, a July 2025 preferred stock repurchase authorization, and the January 2026 redemption of all outstanding Series D preferred shares. Taken together, these developments suggest active capital management and portfolio pruning alongside the core farmland acquisition strategy. For investors, LANDO is a niche NASDAQ-listed farmland REIT offering direct exposure to U.S. agricultural land values and lease income derived from essential food-producing assets.