Recent Updates — LANDP
On October 22, 2026, Walter H. Wilkinson Jr. resigned from Gladstone Land Corporation's Board of Directors, effective immediately. Mr. Wilkinson has served as a director since 2014 and as Lead Independent Director since 2024. The Board elected George "Chip" Stelljes III to succeed him as Lead Independent Director, effective October 26, 2026. Following the resignation, the Board fixed the number of directors at seven, also effective October 26, 2026. Gladstone Land Corporation is a real estate investment trust that acquires and manages farmland.
Gladstone Land Corporation reported a net loss of $8.5 million for the second quarter ended June 30, 2026, compared to a $7.9 million loss in the prior-year period. The company recorded a $4.2 million non-cash impairment charge on four Arizona farms and recognized $201,000 in participation rent revenue alongside a $589,000 profit from direct-operated farm crop sales. Management entered into a new $37.0 million revolving credit facility with Farm Credit of Central Florida through April 2030 and repurchased preferred shares for a total gain of approximately $1.1 million across the quarter and subsequent period. Additionally, the company sold two Florida farms for $3.2 million and declared monthly common stock distributions of $0.0467 per share for July, August, and September. Gladstone Land Corporation is a real estate investment trust that owns farmland and farm-related properties in major U.S. agricultural markets.
On July 15, 2026, Gladstone Land Corporation announced a Preferred Stock Repurchase Program authorized by its Board of Directors. The program allows for the repurchase of up to $20,000,000 of 6.00% Series B Cumulative Redeemable Preferred Stock and up to $35,000,000 of 6.00% Series C Cumulative Redeemable Preferred Stock. Repurchases may occur via open market transactions or privately negotiated deals and the authorization expires on July 14, 2027. Gladstone Land is a real estate investment trust that invests in and leases U.S. farmland to farmers.