Gladstone Land Q4 revenue nearly doubles

Gladstone Land

24/02/2026 21:22

Overview

U.S. farmland REIT's Q4 operating revenues nearly doubled yr/yr

Q4 net income rose significantly compared to prior-year quarter

Company sold 13 farms for $95.4 mln, resulting in $21.3 mln net gain

Outlook

Gladstone Land expects 2026 revenue recognition pattern similar to 2025

Company evaluating potential sales of select properties

Gladstone Land aims to acquire additional water resources to strengthen farm viability

Result Drivers

LEASE MODIFICATIONS - Shift to participation rents increased Q4 revenues, as fixed base rents were reduced or eliminated on several farms

FARM SALES - Sale of 13 farms resulted in $21.3 mln net gain, impacting overall financial results

CROP SALES - Direct farming operations on almond and pistachio orchards generated $12.2 mln in revenue, contributing to Q4 earnings

Company press release: ID:nACSfQjNxa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Operating Revenues
$41.45 mln
Q4 EPS
-$0.05
Q4 Net Income
$4.21 mln
Q4 Adjusted FFO
$14.37 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the specialized reits peer group is "buy."

Wall Street's median 12-month price target for Gladstone Land Corp is $10.00, about 11.6% below its February 23 closing price of $11.31

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)