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LAND

Gladstone Land·NASDAQ
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LAND fundamentals

Gladstone Land (LAND) released its earnings on Feb 24, 2026: revenue was 41.45M (YoY +96.50%), beat estimates; EPS was -0.048 (YoY +68.21%), missed estimates.
Revenue / YoY
41.45M
+96.50%
EPS / YoY
-0.048
+68.21%
Report date
Feb 24, 2026
LAND Earnings Call Summary for Q4,2025
  • Strong Farm Sales: Generated $95 million from 6 farm sales, with $21 million gains, leaving 99,000 acres in portfolio.
  • Crop Performance: 2025 pistachio harvest exceeded expectations; $3 million+ bonus payments expected in 2026. Almond prices rebounding.
  • Water Abundance: California snowpack and reservoirs at record levels, enabling strategic water purchases.
  • Financial Strength: $85 million liquidity, 98% debt fixed-rate. AFFO $14.4 million in Q4.
  • Cautious Growth: No new acquisitions; 3 vacant almond farms nearing resolution.
  • Cost Management: Interest expense to decrease 10-15% in 2026. Repurchasing preferred stock at favorable spreads.
EPS
Q2,undefined
Q4,2017
Q1,2018
Q2,2018
Q3,2018
Q4,2018
Q1,2019
Q2,2019
Q3,2019
Q4,2019
Q1,2020
Q2,2020
Q3,2020
Q4,2020
Q1,2021
Q2,2021
Q3,2021
Q4,2021
Q1,2022
Q2,2022
Q3,2022
Q4,2022
Q1,2023
Q2,2023
Q3,2023
Q4,2023
Q1,2024
Q2,2024
Q3,2024
Q4,2024
Q1,2025
Q2,2025
Q3,2025
Q4,2025
Actual
0.045-0.095-0.04-0.1-0.08-0.117-0.052-0.042-0.079-0.112-0.104-0.138-0.1220.048-0.083-0.120.208-0.186-0.161-0.1510.252-0.384-0.108-0.048
Forecast
0.0425-0.076-0.0375-0.03-0.0667-0.0867-0.056-0.036-0.056-0.1083-0.068-0.066-0.088-0.1325-0.0933-0.065-0.1033-0.12-0.1025-0.12-0.065-0.2175-0.2650.1675
Surprise
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
+5.88%
-25.00%
-6.67%
-233.33%
-19.94%
-34.95%
+7.14%
-16.67%
-41.07%
-3.42%
-52.94%
-109.09%
-38.64%
+136.23%
+11.04%
-84.62%
+301.36%
-55.00%
-57.07%
-25.83%
+487.69%
-76.55%
+59.25%
-128.66%
Revenue
Q2,undefined
Q4,2017
Q1,2018
Q2,2018
Q3,2018
Q4,2018
Q1,2019
Q2,2019
Q3,2019
Q4,2019
Q1,2020
Q2,2020
Q3,2020
Q4,2020
Q1,2021
Q2,2021
Q3,2021
Q4,2021
Q1,2022
Q2,2022
Q3,2022
Q4,2022
Q1,2023
Q2,2023
Q3,2023
Q4,2023
Q1,2024
Q2,2024
Q3,2024
Q4,2024
Q1,2025
Q2,2025
Q3,2025
Q4,2025
Actual
--------------------15.28M12.64M13.98M15.12M16.03M16.89M19.59M22.80M19.94M20.29M24.21M24.79M21.20M21.21M23.53M24.45M20.25M21.30M22.57M21.10M16.80M12.30M17.79M41.45M
Forecast
--------------------13.78M12.70M13.74M14.60M15.24M16.64M18.14M20.65M20.90M20.62M21.96M24.52M21.83M21.50M22.38M24.22M22.31M20.14M21.92M20.53M16.47M15.62M14.26M29.38M
Surprise
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
+10.89%
-0.50%
+1.74%
+3.56%
+5.22%
+1.51%
+7.99%
+10.43%
-4.57%
-1.60%
+10.27%
+1.09%
-2.89%
-1.33%
+5.14%
+0.95%
-9.23%
+5.75%
+2.97%
+2.77%
+2.03%
-21.30%
+24.74%
+41.09%

Earnings Call