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Gladstone Land — Third Quarter 2026 Earnings Summary

Gladstone Land Corporation reported a net income of approximately $11.0 million for the third quarter of 2026, a significant increase from the $2.1 million reported in the prior-year quarter. The company recognized $16.8 million in participation rent revenue, driven by a grower-partner bonus for the 2025 pistachio crop and strong pricing for almonds and pistachios. During the quarter, the company sold two farms in Florida for $3.2 million, repurchased preferred stock, and executed nine new or amended lease agreements. Subsequent to the quarter, Gladstone Land acquired a 180-acre farm in Washington and entered into solar option agreements covering over 5,600 acres in California.

Company
GLADSTONE LAND CORP
Sector
Real Estate
Industry
REIT - Specialty