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Gladstone Land Corporation (LAND)

USD8.70 +0.04 (+0.46%)
US NASDAQ Real Estate REIT - Specialty
Address 1521 Westbranch Drive 22102
McLean, VA, US
CEO David John Gladstone
IPO 2013-01-29
CIK 1495240 ISIN US3765491010

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Also trades on NASDAQ Global Market · LAND (USD) NASDAQ Global Market · LANDM (USD) NASDAQ Global Market · LANDO (USD) NASDAQ Global Market · LANDP (USD)
Description

Established in 1997, Gladstone Land operates as a publicly traded real estate investment trust (REIT) focused on acquiring and owning agricultural land and related properties situated in key farming regions across the United States. It leases these assets to independent third-party farmers. The company regularly reports the fair value of its farmland holdings each quarter. Presently, its portfolio consists of 127 farms, covering approximately 94,000 acres in 13 different states, with an estimated worth of $1.0 billion. A significant portion of Gladstone Land's properties are located in areas suitable for growing fresh, annual row crops, such as berries and various vegetables, which are planted and harvested annually by its tenants. Additionally, the company's holdings include farms dedicated to permanent crops like almonds, apples, figs, olives, pistachios, other orchard fruits, blueberry groves, and vineyards. These permanent crops typically have a planting cycle of 10 to over 20 years but produce annual harvests. Beyond farmland, Gladstone Land may also acquire agricultural infrastructure, including cooling facilities, processing and packaging buildings, and distribution centers. Gladstone Land provides its stockholders with monthly distributions and has maintained an unbroken record of 93 consecutive monthly cash payouts on its common stock since its initial public offering in January 2013. Demonstrating consistent growth, the company has raised these common distributions 20 times over the last 23 quarters. The current per-share distribution on its common stock is $0.0449 per month, totaling $0.5388 annually.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
USD8.70 +0.04 (+0.46%)
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Volume Profile
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Liquidity & share structure
Average Volume
617.1K
Beta
1.06
Float Shares
39.40M
Free Float %
93.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-2.98% -3.48% -9.14% -12.83% -4.55% +3.17% -2.18% -39.37% -57.50% -11.44% -37.07%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (11 ratings, all time) Buy
Price Targets & DCF
Current price
8.70
Low 10.00 +14.9%
Consensus 13.33 +53.2%
Median 14.00 +60.9%
High 16.00 +83.9%
DCF (Unlevered) 31.00 +256.3%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 0% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 0 0
Hold 6 0
Sell 0 0
Strong Sell 0 0
Price Target Summary
Period # Analysts Avg Target
Last Month
Last Quarter
Last Year 1
10.00
+14.9%
All Time 3
13.33
+53.2%
Quality scores
Altman Z-Score
0.62
Distress
Piotroski F-Score
5 / 9
Average
Composite Rating
C-
Overall Score
1 / 5
Low
DCF Score
1 / 5
Low
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
4 / 5
High
Operational MOAT
  • Revenue growth
    +3.7% Q1'26: -12.0% (vs Q1'25)
  • EPS growth
    +0.0% Q1'26: -196.0% (vs Q1'25)
  • FCF margin
    Q1'26: +62.8% (vs Q1'25)
  • EBIT margin
    Q1'26: +0.0% (vs Q1'25)
  • ROIC
    Q1'26: +0.0% (vs Q1'25)
  • Share dilution
    +1.7% Q1'26: +12.9% (vs Q1'25)
  • Debt / EBITDA
    7.56× Q1'26: 0.00× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.06) × ERP
WACC = 39% × Ke + 61% × Kd (4.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 31.00 Current price: 8.70
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2013
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
3 Rev. Ana.
2 EPS Ana.
Dec 2027
3 Rev. Ana.
2 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Dec 2029
1 Rev. Ana.
Revenue
4.04M
est: 7.15M (-43.5%)
11.90M
est: 11.94M (-0.3%)
17.32M
est: 17.32M (0.0%)
25.12M
est: 25.20M (-0.3%)
36.69M
est: 33.37M (+9.9%)
40.69M
est: 39.37M (+3.4%)
57.03M
est: 54.88M (+3.9%)
75.32M
est: 73.26M (+2.8%)
89.24M
est: 88.97M (+0.3%)
90.40M
est: 89.37M (+1.2%)
85.22M
est: 84.59M (+0.7%)
88.34M
est: 74.80M (+18.1%)
80.43M
76.62M – 85.50M
+7.5% YoY
82.01M
78.12M – 87.18M
+2.0% YoY
82.16M
82.09M – 82.23M
+0.2% YoY
83.81M
79.84M – 89.09M
+2.0% YoY
EBITDA
2.08M
est: 5.55M (-62.5%)
7.84M
est: 9.26M (-15.3%)
12.24M
est: 13.44M (-8.9%)
18.61M
est: 19.55M (-4.8%)
-21.55M
est: 25.89M (-183.2%)
30.88M
est: 32.70M (-5.6%)
42.28M
est: 52.17M (-19.0%)
55.70M
est: 48.18M (+15.6%)
65.91M
est: 52.12M (+26.4%)
75.48M
est: 78.69M (-4.1%)
70.29M
est: 74.48M (-5.6%)
71.12M
est: 65.87M (+8.0%)
70.82M
67.47M – 75.29M
+7.5% YoY
72.21M
68.79M – 76.77M
+2.0% YoY
72.35M
72.29M – 72.41M
+0.2% YoY
73.80M
70.30M – 78.45M
+2.0% YoY
EBIT
1.41M
est: 4.96M (-71.5%)
4.73M
est: 4.78M (-1.1%)
7.06M
est: 6.94M (+1.7%)
9.73M
est: 10.09M (-3.6%)
14.90M
est: 13.37M (+11.5%)
18.09M
est: 20.91M (-13.5%)
25.58M
est: 35.09M (-27.1%)
28.40M
est: 28.14M (+0.9%)
30.45M
est: 27.99M (+8.8%)
38.23M
est: 42.85M (-10.8%)
35.18M
est: 40.56M (-13.3%)
36.57M
est: 35.87M (+2.0%)
38.57M
36.74M – 41.00M
+7.5% YoY
39.33M
37.46M – 41.81M
+2.0% YoY
39.40M
39.37M – 39.43M
+0.2% YoY
40.19M
38.29M – 42.72M
+2.0% YoY
Net Income
-1.22M
est: -13.98M (+91.2%)
568.5K
est: 1.17M (-51.3%)
448.1K
est: 1.17M (-61.6%)
-31.0K
est: 359.1K (-108.6%)
2.63M
est: 7.18M (-63.4%)
1.74M
est: 2.07M (-15.9%)
4.93M
est: 4.03M (+22.2%)
3.50M
est: 2.92M (+19.9%)
4.71M
est: -10.99M (+142.8%)
14.57M
est: -6.46M (+325.3%)
13.29M
est: -9.49M (+240.0%)
13.53M
est: -2.67M (+606.0%)
-16.60M
-17.78M – -15.42M
-520.7% YoY
-15.49M
-16.59M – -14.39M
+6.7% YoY
— – —
+100.0% YoY
— – —
SGA
1.64M
est: 1.04M (+58.5%)
3.02M
est: 1.73M (+74.6%)
3.81M
est: 2.51M (+51.5%)
4.53M
est: 3.66M (+23.9%)
5.48M
est: 4.84M (+13.1%)
5.28M
est: 20.14M (-73.8%)
7.84M
est: 35.91M (-78.2%)
9.99M
est: 8.68M (+15.1%)
13.05M
est: 8.96M (+45.7%)
13.78M
est: 11.51M (+19.7%)
13.34M
est: 10.90M (+22.4%)
4.96M
est: 9.64M (-48.5%)
10.36M
9.87M – 11.01M
+7.5% YoY
10.56M
10.06M – 11.23M
+2.0% YoY
10.58M
10.57M – 10.59M
+0.2% YoY
10.80M
10.28M – 11.48M
+2.0% YoY
EPS
-0.20
est: 0.44 (-146.0%)
0.07
est: 0.03 (+115.4%)
0.04
est: 0.03 (+23.1%)
0.00
est: 0.01 (-126.0%)
0.17
est: 0.20 (-15.0%)
-0.13
est: -0.14 (+8.5%)
-0.20
est: -0.13 (-60.0%)
-0.29
est: -0.29 (-1.7%)
-0.43
est: -0.37 (-17.5%)
-0.28
est: -0.18 (-55.2%)
-0.29
est: -0.26 (-10.5%)
-0.29
est: -0.07 (-300.0%)
-0.45
-0.49 – -0.42
-520.7% YoY
-0.42
-0.45 – -0.39
+6.7% YoY
— – —
+100.0% YoY
— – —
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 C- 1/5 1/5 1/5 1/5 1/5 1/5 4/5
2026-05-08 B- 2/5 1/5 2/5 3/5 2/5 2/5 4/5
2026-05-07 B- 2/5 1/5 2/5 3/5 2/5 2/5 4/5
2026-05-06 B- 2/5 1/5 2/5 3/5 2/5 2/5 4/5
2026-05-05 B- 2/5 1/5 2/5 3/5 2/5 2/5 4/5
2026-05-04 B- 2/5 1/5 2/5 3/5 2/5 2/5 4/5
2026-05-01 B- 2/5 1/5 2/5 3/5 2/5 2/5 4/5
2026-04-30 B- 2/5 1/5 2/5 3/5 2/5 2/5 4/5
2026-04-29 B- 2/5 1/5 2/5 3/5 2/5 2/5 4/5
2026-04-28 B- 2/5 1/5 2/5 3/5 2/5 2/5 4/5
2026-04-27 B- 3/5 1/5 2/5 4/5 2/5 2/5 4/5
2026-04-24 B- 3/5 1/5 2/5 4/5 2/5 2/5 4/5
2026-04-23 B 3/5 1/5 2/5 4/5 2/5 2/5 5/5
2026-04-22 B 3/5 1/5 2/5 4/5 2/5 2/5 5/5
2026-04-21 B- 2/5 1/5 2/5 4/5 1/5 2/5 4/5
2026-04-20 B- 2/5 1/5 2/5 4/5 1/5 2/5 4/5
2026-04-17 B- 2/5 1/5 2/5 4/5 1/5 2/5 4/5
2026-04-16 B- 2/5 1/5 2/5 4/5 1/5 2/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
6.76M
OE per share TTM
0.16
Owner's Yield
1.75%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
6.6%

Ownership Overview

Ownership breakdown
At a glance
Institutional holders
56
Total invested
22.09M
Insider transactions (90d)
0
Beneficial owners (>5%)
6
Beneficial owners (>5%)
# Reporting person Amount owned % of class Sole voting Shared voting Sole dispositive Shared dispositive Type Citizenship Filing date SEC filing
1 The Vanguard Group - 23-1945930 3.16M 9.22% 45.7K 3.08M 71.2K IA Pennsylvania For 2022-02-10
2 (1) BlackRock, Inc. 2.26M 6.60% 2.23M 2.26M HC Delaware 2022-02-03
3 10. 666.7K 10.20% 666.7K 666.7K OO Bermuda 2014-02-11
4 NAME OF REPORTING 634.4K 9.71% 627.4K 634.4K IA State of Florida 2014-02-10
5 52-2343049 501.2K 7.68% 501.2K 501.2K IA New York 2014-01-09
6 Race & Zollo, Inc. 0.00% IA in the State of Florida 2016-02-16

Institutional Activity (13F)

Institutional ownership trend From To
13F snapshot — 2026 Q1
Investors holding
56
-126 vs prev Q
New positions
4
Closed positions
125
Increased
32
Reduced
9
Put/Call ratio
0.00
Calls held
Puts held
Top institutional holders
# Investor Shares / Δ Mkt value / Δ Own% / Δ Weight% / Δ Avg px / Perf. Hold / Status
1 72.7K +72.7K (+100.0%) 665.16M +665.2M (+100.0%) 0.20% +0.201 pp 0.33% +0.325 pp USD9.15 +0.0% 1 qtrs NEW
2 VANGUARD GROUP INC 3.46M +34.4K (+1.0%) 31.61M +281.0K (+0.9%) 9.55% +0.094 pp 0.00% +0.000 pp USD20.39 -55.1% 51 qtrs
3 BLACKROCK, INC. 2.99M -13.1K (-0.4%) 27.35M -149.5K (-0.5%) 8.26% -0.038 pp 0.00% +0.000 pp USD13.59 -32.7% 6 qtrs
4 GEODE CAPITAL MANAGEMENT, LLC 935.5K -23.3K (-2.4%) 8.56M -222.7K (-2.5%) 2.59% -0.065 pp 0.00% +0.000 pp USD17.84 -48.7% 52 qtrs
5 STATE STREET CORP 690.7K -15.8K (-2.2%) 6.32M -151.9K (-2.3%) 1.91% -0.044 pp 0.00% +0.000 pp USD19.86 -53.9% 33 qtrs
6 PROSHARE ADVISORS LLC 654.8K -43.4K (-6.2%) 5.99M -404.1K (-6.3%) 1.81% -0.120 pp 0.01% -0.003 pp USD10.03 -8.8% 3 qtrs
7 TWO SIGMA INVESTMENTS, LP 360.2K +246.6K (+217.0%) 3.30M +2.3M (+216.6%) 1.00% +0.681 pp 0.00% +0.003 pp USD9.35 -2.1% 26 qtrs
8 NEWEDGE ADVISORS, LLC 332.3K +65.9K (+24.7%) 3.04M +599.9K (+24.6%) 0.92% +0.182 pp 0.01% 0.000 pp USD9.23 -0.9% 17 qtrs
9 PFG INVESTMENTS, LLC 295.5K +254.0K (+611.8%) 2.70M +2.3M (+611.0%) 0.82% +0.702 pp 0.13% +0.108 pp USD9.92 -7.8% 12 qtrs
10 NORTHERN TRUST CORP 289.6K -31.5K (-9.8%) 2.65M -291.5K (-9.9%) 0.80% -0.087 pp 0.00% +0.000 pp USD18.05 -49.3% 42 qtrs
11 TWO SIGMA ADVISERS, LP 285.8K +246.3K (+623.5%) 2.62M +2.3M (+622.8%) 0.79% +0.681 pp 0.01% +0.004 pp USD9.24 -1.0% 3 qtrs
12 MORGAN STANLEY 280.3K +4.0K (+1.5%) 2.56M +34.2K (+1.4%) 0.77% +0.011 pp 0.00% +0.000 pp USD16.34 -44.0% 49 qtrs
13 MARSHALL WACE, LLP 270.6K +270.6K (+100.0%) 2.48M +2.5M (+100.0%) 0.75% +0.748 pp 0.00% +0.002 pp USD9.15 +0.0% 1 qtrs NEW
14 GOLDMAN SACHS GROUP INC 252.7K -70.9K (-21.9%) 2.31M -651.7K (-22.0%) 0.70% -0.196 pp 0.00% 0.000 pp USD12.36 -26.0% 34 qtrs
15 GSA CAPITAL PARTNERS LLP 239.7K +153.4K (+177.6%) 2.19M +1.4M (+177.4%) 0.66% +0.424 pp 0.19% +0.123 pp USD9.77 -6.3% 9 qtrs
16 JANE STREET GROUP, LLC 211.6K +163.9K (+343.7%) 1.94M +1.5M (+343.2%) 0.58% +0.453 pp 0.00% +0.000 pp USD9.73 -6.0% 9 qtrs
17 STATE OF NEW JERSEY COMMON PENSION FUND D 193.0K +— (+0.0%) 1.77M -1.9K (-0.1%) 0.53% 0.000 pp 0.01% 0.000 pp USD12.79 -28.5% 47 qtrs
18 VOYA INVESTMENT MANAGEMENT LLC 159.1K -20.8K (-11.6%) 1.46M -192.2K (-11.7%) 0.44% -0.058 pp 0.00% 0.000 pp USD16.04 -43.0% 19 qtrs
19 GLOBAL STRATEGIC MANAGEMENT INC 155.2K +155.2K (+100.0%) 1.42M +1.4M (+100.0%) 0.43% +0.429 pp 1.18% +1.184 pp USD9.15 +0.0% 1 qtrs NEW
20 SCHWARZ DYGOS WHEELER INVESTMENT ADVISORS LLC 134.8K -8.1K (-5.7%) 1.23M -75.5K (-5.8%) 0.37% -0.022 pp 0.25% -0.023 pp USD14.53 -37.0% 29 qtrs
21 QUANTINNO CAPITAL MANAGEMENT LP 134.7K +62.3K (+86.2%) 1.23M +569.5K (+85.9%) 0.37% +0.172 pp 0.00% +0.001 pp USD9.44 -3.1% 5 qtrs
22 ACCORDANT ADVISORY GROUP INC 128.7K -125.4K (-49.4%) 1.18M -1.1M (-49.4%) 0.36% -0.347 pp 0.81% -0.771 pp USD11.66 -21.5% 8 qtrs
23 BARCLAYS PLC 122.0K +36.7K (+43.0%) 1.12M -69.8K (-5.9%) 0.34% +0.101 pp 0.00% +0.000 pp USD12.01 -23.8% 35 qtrs
24 BANK OF NEW YORK MELLON CORP 109.7K -50.8K (-31.6%) 1.00M -466.0K (-31.7%) 0.30% -0.140 pp 0.00% 0.000 pp USD15.19 -39.8% 41 qtrs
25 EXODUSPOINT CAPITAL MANAGEMENT, LP 102.6K +102.6K (+100.0%) 938.4K +938.4K (+100.0%) 0.28% +0.283 pp 0.01% +0.007 pp USD9.15 +0.0% 1 qtrs NEW
26 FARTHER FINANCE ADVISORS, LLC 100.7K +2.3K (+2.4%) 921.0K +20.3K (+2.3%) 0.28% +0.006 pp 0.01% -0.004 pp USD9.17 -0.2% 13 qtrs
27 AQR CAPITAL MANAGEMENT LLC 100.0K +16.1K (+19.2%) 915.2K +146.7K (+19.1%) 0.28% +0.045 pp 0.00% +0.000 pp USD10.92 -16.2% 9 qtrs
28 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 98.4K -118.0 (-0.1%) 900.6K -2.1K (-0.2%) 0.27% 0.000 pp 0.00% +0.000 pp USD20.71 -55.8% 31 qtrs
29 MARATHON CAPITAL MANAGEMENT 95.6K -24.2K (-20.2%) 875.0K -222.5K (-20.3%) 0.26% -0.067 pp 0.19% -0.063 pp USD17.99 -49.1% 14 qtrs
30 MOORS & CABOT, INC. 90.0K -24.2K (-21.2%) 823.4K -222.7K (-21.3%) 0.25% -0.067 pp 0.04% -0.010 pp USD14.31 -36.1% 14 qtrs
31 NUVEEN, LLC 88.4K +— (+0.0%) 808.4K -883.0 (-0.1%) 0.24% +0.000 pp 0.00% +0.000 pp USD10.23 -10.6% 4 qtrs
32 MILLENNIUM MANAGEMENT LLC 82.0K -201.6K (-71.1%) 750.0K -1.8M (-71.1%) 0.23% -0.557 pp 0.00% -0.001 pp USD9.37 -2.3% 16 qtrs
33 JANNEY MONTGOMERY SCOTT LLC 78.9K -18.8K (-19.2%) 721.0K -173.0K (-19.4%) 0.22% -0.052 pp 0.00% -0.001 pp USD14.90 -38.6% 52 qtrs
34 D. E. SHAW & CO., INC. 70.5K +42.3K (+149.9%) 645.4K +386.9K (+149.7%) 0.19% +0.117 pp 0.00% +0.000 pp USD9.15 +0.0% 2 qtrs
35 INVESCO LTD. 68.5K +3.1K (+4.7%) 626.3K +27.7K (+4.6%) 0.19% +0.009 pp 0.00% +0.000 pp USD17.73 -48.4% 24 qtrs
36 WELLS FARGO & COMPANY/MN 63.1K +12.1K (+23.8%) 577.8K +110.6K (+23.7%) 0.17% +0.034 pp 0.00% +0.000 pp USD16.93 -46.0% 50 qtrs
37 FMR LLC 59.5K +31.1K (+109.2%) 544.3K +283.8K (+109.0%) 0.16% +0.086 pp 0.00% +0.000 pp USD10.05 -9.0% 17 qtrs
38 POINT72 ASSET MANAGEMENT, L.P. 59.1K +59.1K (+100.0%) 540.8K +540.8K (+100.0%) 0.16% +0.163 pp 0.00% +0.001 pp USD9.15 +0.0% 1 qtrs NEW
39 SUSQUEHANNA INTERNATIONAL GROUP, LLP 59.1K +23.0K (+63.7%) 540.8K +210.1K (+63.5%) 0.16% +0.064 pp 0.00% +0.000 pp USD10.62 -13.8% 30 qtrs
40 DEUTSCHE BANK AG\ 57.4K +— (+0.0%) 525.1K -574.0 (-0.1%) 0.16% +0.000 pp 0.00% +0.000 pp USD11.81 -22.5% 48 qtrs
41 CREATIVE PLANNING 57.2K +22.1K (+62.8%) 523.7K +201.8K (+62.7%) 0.16% +0.061 pp 0.00% +0.000 pp USD10.58 -13.5% 22 qtrs
42 ROYAL BANK OF CANADA 55.0K -49.0K (-47.1%) 503.0K -450.0K (-47.2%) 0.15% -0.136 pp 0.00% 0.000 pp USD13.78 -33.6% 40 qtrs
43 UBS GROUP AG 52.1K -22.7K (-30.3%) 477.1K -208.1K (-30.4%) 0.14% -0.063 pp 0.00% +0.000 pp USD13.57 -32.6% 41 qtrs
44 PRICE T ROWE ASSOCIATES INC /MD/ 51.1K +19.1K (+59.4%) 468.0K +174.0K (+59.2%) 0.14% +0.053 pp 0.00% +0.000 pp USD10.81 -15.4% 42 qtrs
45 ALLIANCEBERNSTEIN L.P. 49.9K +4.8K (+10.6%) 456.4K +43.5K (+10.5%) 0.14% +0.013 pp 0.00% +0.000 pp USD21.38 -57.2% 16 qtrs
46 BANK OF AMERICA CORP /DE/ 48.7K +1.5K (+3.2%) 445.3K +13.2K (+3.1%) 0.13% +0.004 pp 0.00% +0.000 pp USD12.89 -29.0% 49 qtrs
47 RHUMBLINE ADVISERS 48.3K -6.6K (-12.0%) 442.2K -60.7K (-12.1%) 0.13% -0.018 pp 0.00% +0.000 pp USD16.91 -45.9% 31 qtrs
48 NOMURA ASSET MANAGEMENT CO LTD 48.0K +— (+0.0%) 439.2K -480.0 (-0.1%) 0.13% +0.000 pp 0.00% +0.000 pp USD16.68 -45.1% 26 qtrs
49 LPL FINANCIAL LLC 47.7K -7.0K (-12.8%) 436.2K -64.5K (-12.9%) 0.13% -0.019 pp 0.00% +0.000 pp USD12.67 -27.8% 20 qtrs
50 QUEST PARTNERS LLC 46.6K -14.3K (-23.5%) 426.7K -131.5K (-23.6%) 0.13% -0.040 pp 0.02% -0.013 pp USD9.42 -2.9% 9 qtrs
51 ASSET MANAGEMENT ONE CO., LTD. 47.8K +— (+0.0%) 425.2K -12.9K (-2.9%) 0.13% +0.000 pp 0.00% 0.000 pp USD17.29 -47.1% 37 qtrs
52 CSENGE ADVISORY GROUP 43.6K +22.1K (+102.4%) 398.8K +201.6K (+102.2%) 0.12% +0.061 pp 0.02% +0.009 pp USD9.15 +0.0% 2 qtrs
53 SUMITOMO MITSUI TRUST HOLDINGS, INC. 39.6K +— (+0.0%) 362.3K -396.0 (-0.1%) 0.11% +0.000 pp 0.00% +0.000 pp USD13.87 -34.0% 32 qtrs
54 CETERA INVESTMENT ADVISERS 38.5K -7.4K (-16.2%) 352.3K -68.5K (-16.3%) 0.11% -0.021 pp 0.00% 0.000 pp USD12.41 -26.3% 12 qtrs
55 BALLENTINE PARTNERS, LLC 37.9K -16.9K (-30.9%) 346.8K -155.4K (-30.9%) 0.10% -0.047 pp 0.00% -0.002 pp USD9.89 -7.5% 3 qtrs
56 TUDOR INVESTMENT CORP ET AL 36.5K +36.5K (+100.0%) 333.8K +333.8K (+100.0%) 0.10% +0.101 pp 0.00% +0.001 pp USD9.15 +0.0% 1 qtrs NEW
57 COLONY GROUP, LLC 30.8K +30.8K (+100.0%) 281.6K +281.6K (+100.0%) 0.09% +0.085 pp 0.00% +0.000 pp USD9.15 +0.0% 3 qtrs
58 JPMORGAN CHASE & CO 29.0K -717.0 (-2.4%) 265.0K -6.9K (-2.5%) 0.08% -0.002 pp 0.00% +0.000 pp USD18.39 -50.2% 39 qtrs
59 VERITION FUND MANAGEMENT LLC 27.6K -4.8K (-14.8%) 252.5K -44.3K (-14.9%) 0.08% -0.013 pp 0.00% 0.000 pp USD9.16 -0.1% 2 qtrs
60 FOX RUN MANAGEMENT, L.L.C. 25.8K +25.8K (+100.0%) 236.5K +236.5K (+100.0%) 0.07% +0.071 pp 0.04% +0.037 pp USD9.15 +0.0% 1 qtrs NEW
61 ENTRYPOINT CAPITAL, LLC 25.7K +3.3K (+14.7%) 235.5K +29.9K (+14.5%) 0.07% +0.009 pp 0.09% +0.012 pp USD10.62 -13.8% 7 qtrs
62 QUANTBOT TECHNOLOGIES LP 25.4K +24.2K (+2,102.6%) 232.0K +221.4K (+2,100.2%) 0.07% +0.067 pp 0.01% +0.007 pp USD9.15 +0.0% 13 qtrs
63 MITSUBISHI UFJ KOKUSAI ASSET MANAGEMENT CO., LTD. 25.4K +— (+0.0%) 231.9K -762.0 (-0.3%) 0.07% +0.000 pp 0.00% +0.000 pp USD16.86 -45.7% 34 qtrs
64 ALPS ADVISORS INC 24.4K +24.4K (+100.0%) 223.3K +223.3K (+100.0%) 0.07% +0.067 pp 0.00% +0.001 pp USD9.15 +0.0% 1 qtrs NEW
65 BANK OF MONTREAL /CAN/ 24.0K +— (+0.0%) 219.6K -240.0 (-0.1%) 0.07% +0.000 pp 0.00% +0.000 pp USD9.16 -0.1% 2 qtrs
66 COMPREHENSIVE MONEY MANAGEMENT SERVICES LLC 24.0K +— (+0.0%) 219.4K -240.0 (-0.1%) 0.07% +0.000 pp 0.15% -0.004 pp USD10.85 -15.7% 5 qtrs
67 PHARVISION ADVISERS, LLC 22.9K +22.9K (+100.0%) 209.2K +209.2K (+100.0%) 0.06% +0.063 pp 0.11% +0.106 pp USD9.15 +0.0% 1 qtrs NEW
68 CERITY PARTNERS LLC 22.6K +9.5K (+72.6%) 207.2K +87.0K (+72.4%) 0.06% +0.026 pp 0.00% +0.000 pp USD9.16 -0.1% 2 qtrs
69 ENGINEERS GATE MANAGER LP 22.1K +22.1K (+100.0%) 202.5K +202.5K (+100.0%) 0.06% +0.061 pp 0.00% +0.002 pp USD9.15 +0.0% 1 qtrs NEW
70 GRAHAM CAPITAL MANAGEMENT, L.P. 21.0K -5.7K (-21.2%) 192.0K -52.0K (-21.3%) 0.06% -0.016 pp 0.00% +0.001 pp USD9.59 -4.6% 3 qtrs
71 ABEL HALL, LLC 20.2K -485.0 (-2.3%) 184.9K -4.6K (-2.5%) 0.06% -0.001 pp 0.04% -0.033 pp USD9.66 -5.3% 3 qtrs
72 MERCER GLOBAL ADVISORS INC /ADV 19.9K +19.9K (+100.0%) 182.2K +182.2K (+100.0%) 0.06% +0.055 pp 0.00% +0.000 pp USD9.15 +0.0% 1 qtrs NEW
73 ORCHARD CAPITAL MANAGEMENT, LLC 19.7K +19.7K (+100.0%) 180.2K +180.2K (+100.0%) 0.05% +0.054 pp 0.16% +0.156 pp USD9.15 +0.0% 1 qtrs NEW
74 SEI INVESTMENTS CO 19.7K -29.8K (-60.3%) 179.9K -273.6K (-60.3%) 0.05% -0.083 pp 0.00% 0.000 pp USD11.39 -19.7% 8 qtrs
75 AMERIPRISE FINANCIAL INC 19.4K -2.0K (-9.3%) 177.4K -18.5K (-9.4%) 0.05% -0.006 pp 0.00% +0.000 pp USD27.49 -66.7% 17 qtrs
76 QUADRANT CAPITAL GROUP LLC 18.5K +2.5K (+15.8%) 169.3K +23.0K (+15.7%) 0.05% +0.007 pp 0.01% +0.000 pp USD11.04 -17.1% 20 qtrs
77 STATE OF ALASKA, DEPARTMENT OF REVENUE 18.3K +— (+0.0%) 166.0K +— (+0.0%) 0.05% +0.000 pp 0.00% +0.000 pp USD17.97 -49.1% 30 qtrs
78 ADVISOR GROUP HOLDINGS, INC. 18.0K -3.8K (-17.3%) 164.8K -35.3K (-17.6%) 0.05% -0.011 pp 0.00% +0.000 pp USD15.03 -39.1% 24 qtrs
79 SIGMA PLANNING CORP 17.8K +1.2K (+7.0%) 163.1K +10.5K (+6.9%) 0.05% +0.003 pp 0.00% +0.000 pp USD10.10 -9.4% 4 qtrs
80 BAHL & GAYNOR INC 17.1K +600.0 (+3.6%) 156.2K +5.3K (+3.5%) 0.05% +0.002 pp 0.00% +0.000 pp USD13.73 -33.4% 6 qtrs
81 INTECH INVESTMENT MANAGEMENT LLC 16.9K -112.0 (-0.7%) 154.9K -1.2K (-0.8%) 0.05% 0.000 pp 0.00% +0.000 pp USD10.38 -11.8% 5 qtrs
82 CITADEL ADVISORS LLC 16.6K -88.1K (-84.1%) 151.9K -807.2K (-84.2%) 0.05% -0.244 pp 0.00% 0.000 pp USD11.24 -18.6% 21 qtrs
83 METLIFE INVESTMENT MANAGEMENT, LLC 16.0K +2.2K (+16.1%) 146.6K +20.2K (+16.0%) 0.04% +0.006 pp 0.00% +0.000 pp USD19.45 -53.0% 26 qtrs
84 MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. 15.9K +21.0 (+0.1%) 145.1K +34.0 (+0.0%) 0.04% +0.000 pp 0.00% +0.000 pp USD13.33 -31.4% 7 qtrs
85 EVERGREEN CAPITAL MANAGEMENT LLC 15.4K +15.4K (+100.0%) 141.3K +141.3K (+100.0%) 0.04% +0.043 pp 0.00% +0.003 pp USD9.15 +0.0% 5 qtrs
86 JUMP FINANCIAL, LLC 15.1K +15.1K (+100.0%) 137.9K +137.9K (+100.0%) 0.04% +0.042 pp 0.00% +0.002 pp USD9.15 +0.0% 1 qtrs NEW
87 RESONA ASSET MANAGEMENT CO.,LTD. 15.4K +— (+0.0%) 137.0K -3.7K (-2.6%) 0.04% +0.000 pp 0.00% +0.000 pp USD12.32 -25.7% 8 qtrs
88 STEWARD PARTNERS INVESTMENT ADVISORY, LLC 14.7K +— (+0.0%) 134.1K -147.0 (-0.1%) 0.04% +0.000 pp 0.00% +0.000 pp USD15.97 -42.7% 27 qtrs
89 TRUEBLOOD WEALTH MANAGEMENT, LLC 14.0K +— (+0.0%) 128.1K -140.0 (-0.1%) 0.04% +0.000 pp 0.05% +0.000 pp USD13.50 -32.2% 7 qtrs
90 HSBC HOLDINGS PLC 13.9K +13.9K (+100.0%) 126.7K +126.7K (+100.0%) 0.04% +0.038 pp 0.00% +0.000 pp USD9.15 +0.0% 1 qtrs NEW
91 COMMERCE BANK 13.8K +— (+0.0%) 126.1K -138.0 (-0.1%) 0.04% +0.000 pp 0.00% +0.000 pp USD14.64 -37.5% 21 qtrs
92 DAIWA SECURITIES GROUP INC. 12.8K +750.0 (+6.2%) 117.0K +7.0K (+6.4%) 0.04% +0.002 pp 0.00% +0.000 pp USD18.48 -50.5% 34 qtrs
93 RAYMOND JAMES FINANCIAL INC 12.7K +1.3K (+10.9%) 116.2K +11.3K (+10.8%) 0.04% +0.003 pp 0.00% +0.000 pp USD10.62 -13.8% 5 qtrs
94 CAMBRIDGE INVESTMENT RESEARCH ADVISORS, INC. 12.7K -4.2K (-24.9%) 116.0K -39.0K (-25.2%) 0.04% -0.012 pp 0.00% 0.000 pp USD9.16 -0.1% 2 qtrs
95 GILMAN HILL ASSET MANAGEMENT, LLC 12.5K -7.5K (-37.5%) 114.4K -68.8K (-37.6%) 0.03% -0.021 pp 0.02% -0.011 pp USD9.16 -0.1% 2 qtrs
Ownership breakdown by holder

ETF Ownership

Top ETFs holding this stock Held by 66 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 ALPS REIT Dividend Dogs ETF RDOG 2.18% 247.4K 0.35%
2 State Street SPDR Dow Jones International Real Estate ETF RWX 1.46% 4.02M 0.59%
3 Cambria Global Real Estate ETF BLDG 0.91% 602.4K 0.59%
4 State Street SPDR S&P International Dividend ETF DWX 0.77% 3.95M 0.45%
5 Gabelli Love Our Planet & People ETF LOPP 0.49% 88.7K 0.90%
6 State Street SPDR Dow Jones Global Real Estate ETF RWO 0.39% 4.89M 0.50%
7 State Street SPDR MSCI ACWI Climate Paris Aligned ETF NZAC 0.13% 251.5K 0.12%
8 JPMorgan Diversified Return U.S. Small Cap Equity ETF JPSE 0.09% 522.5K 0.29%
9 iShares Micro-Cap ETF IWC 0.08% 1.16M 0.60%
10 iShares S&P/TSX North American Preferred Stock Index ETF (CAD-Hedged) XPF.TO 0.08% 130.9K 0.50%

Insider Activity

Insider Activity — Latest Quarter
Ratio by transactions
0.00
Bearish
Ratio by volume
0.00
Bearish
Buys
0
Sells
1
Shares acquired
Shares disposed
6.6K
Cash buys
Cash sales
1.00
Net activity
-6,601
Insider buys vs sells (history) From To
Recent insider transactions From To
Date Person Role Transaction A/D Security Shares Price Value Owned after D/I Filing
2026-03-20 Sateri John Officer 0 0.00 0
2026-03-20 Reiman William L Officer Common Stock 0 0.00 1,475 D
2025-07-10 Hellmold Erich Michael Officer 0 0.00 0
2025-03-13 PARKER ANTHONY W Director S-Sale D Common Stock 6,601 11.02 72.7K 0 D
2024-08-22 Gorka Katharine C Director 0 0.00 0
2023-02-28 Novara Paula Director P-Purchase A Common Stock 560 17.66 9.9K 560
2022-10-11 Novara Paula 0
2021-10-18 Merrick Caren D Director W-Will A Common Stock 1,000 0.00 5,432
2020-12-31 GLADSTONE DAVID Director / Officer / 10% Owner D Common Stock 0 0.00 421,000
2020-03-17 ENGLISH MICHELA A Director S-Sale D Common Stock 385 10.84 4.2K 845
2020-03-16 Parrish Lewis Officer P-Purchase A Common Stock 500 10.13 5.1K 3,500
2020-03-16 LiCalsi Michael Officer P-Purchase A Common Stock 800 10.08 8.1K 1,485
2020-02-24 ADELGREN PAUL W Director P-Purchase A Common Stock 700 14.25 10.0K 12,926
2019-11-15 ADELGREN PAUL W Director P-Purchase A Common Stock 950 12.03 11.4K 12,100
2019-09-10 GLADSTONE DAVID Director / Officer / 10% Owner P-Purchase A Common Stock 74,261 11.90 883.7K 2,298,585
2019-09-09 GLADSTONE DAVID Director / Officer / 10% Owner P-Purchase A Common Stock 135,739 11.86 1.61M 2,224,324
2019-03-15 GLADSTONE DAVID Director / Officer / 10% Owner P-Purchase A Common Stock 9,375 12.01 112.6K 2,088,585
2019-03-14 GLADSTONE DAVID Director / Officer / 10% Owner P-Purchase A Common Stock 26,715 11.99 320.3K 2,015,300
2018-05-11 Beckhorn Jay Officer P-Purchase A Common Stock 138 12.81 1.8K 588
2018-02-23 WILKINSON WALTER H Director P-Purchase A Common Stock 4,700 12.58 59.1K 9,791
2018-02-23 ADELGREN PAUL W Director P-Purchase A Common Stock 800 12.51 10.0K 10,334
2017-06-14 GLADSTONE DAVID Director / Officer / 10% Owner P-Purchase A Common Stock 20,000 11.38 227.6K 1,988,585
2017-03-15 ENGLISH MICHELA A Director P-Purchase A Common Stock 100 11.13 1.1K 1,230
2017-03-15 Beckhorn Jay Officer P-Purchase A Common Stock 450 11.05 5.0K 450
2017-03-15 ADELGREN PAUL W Director P-Purchase A Common Stock 900 11.05 9.9K 9,071
2017-03-14 Parrish Lewis Officer P-Purchase A Common Stock 500 11.00 5.5K 3,000
2017-03-14 ENGLISH MICHELA A Director P-Purchase A Common Stock 100 11.02 1.1K 1,130
2017-03-13 GLADSTONE DAVID Director / Officer / 10% Owner P-Purchase A Common Stock 20,000 11.15 223.0K 1,968,585
2016-09-09 ADELGREN PAUL W Director P-Purchase A Common Stock 500 11.72 5.9K 8,089
2016-08-26 Merrick Caren D Director P-Purchase A Common Stock 4,432 11.29 50.0K 4,432
2016-08-22 Parrish Lewis Officer P-Purchase A Common Stock 250 11.00 2.8K 2,500
2016-05-19 Parrish Lewis Officer P-Purchase A Common Stock 150 10.00 1.5K 2,250
2016-05-05 Parrish Lewis Officer P-Purchase A Common Stock 100 10.00 1.0K 2,100
2016-05-05 ADELGREN PAUL W Director P-Purchase A Common Stock 1,000 10.19 10.2K 7,473
2016-03-10 GLADSTONE DAVID Officer / 10% Owner P-Purchase A Common Stock 19,000 8.87 168.6K 1,948,585
2016-03-04 Parrish Lewis Officer P-Purchase A Common Stock 18 8.65 155.70 1,518
2015-12-15 GLADSTONE DAVID Director / Officer / 10% Owner P-Purchase A Common Stock 36,887 8.55 315.3K 1,929,585
2015-12-15 Dellafiora John Officer P-Purchase A Common Stock 200 8.59 1.7K 200
2015-12-14 Parrish Lewis Officer P-Purchase A Common Stock 500 8.25 4.1K 1,500
2015-08-25 GLADSTONE DAVID Director / Officer P-Purchase A Common Stock 10,000 9.57 95.7K 1,877,933
2015-08-12 ADELGREN PAUL W Director P-Purchase A Common Stock 600 9.94 6.0K 6,220
2015-06-15 WILKINSON WALTER H Director P-Purchase A Common Stock 4,500 11.11 50.0K 4,500
2015-06-15 Parrish Lewis Officer P-Purchase A Common Stock 900 11.00 9.9K 1,000
2015-06-15 ADELGREN PAUL W Director P-Purchase A Common Stock 600 11.09 6.7K 5,576
2015-01-13 Beckhorn Jay Officer 0 0.00 0
2014-12-31 GLADSTONE DAVID Director / Officer / 10% Owner 0 0.00 0
2014-11-17 Merrick Caren D Director 0 0.00 0
2014-10-07 WILKINSON WALTER H Director 0 0.00 0
2014-07-15 Smith Jennifer A Officer 0 0.00 0
2014-07-15 Parrish Lewis Officer D Common Stock 0 0.00 100
2014-05-16 ADELGREN PAUL W Director P-Purchase A Common Stock 100 11.40 1.1K 4,797
2014-03-07 ADELGREN PAUL W Director P-Purchase A Common Stock 519 13.17 6.8K 4,277
2013-12-31 GLADSTONE DAVID Director / Officer / 10% Owner 0 0.00 0
2013-08-16 LiCalsi Michael P-Purchase A Common Stock 500 16.65 8.3K 500
2013-05-15 ADELGREN PAUL W Director P-Purchase A Common Stock 1,500 16.61 24.9K 3,014
2013-03-14 ENGLISH MICHELA A Director P-Purchase A Common Stock 300 15.26 4.6K 1,000
2013-01-31 Reilly John Director P-Purchase A Common Stock 1,000 13.95 14.0K 1,000
2013-01-31 PARKER ANTHONY W Director P-Purchase A Common Stock 4,700 13.95 65.6K 4,700
2013-01-31 OUTLAND JOHN H Director P-Purchase A Common Stock 1,500 13.95 20.9K 1,500
2013-01-31 Earhart Terry Director P-Purchase A Common Stock 2,000 13.95 27.9K 2,000
2013-01-31 ENGLISH MICHELA A Director P-Purchase A Common Stock 400 13.95 5.6K 400
2013-01-31 ADELGREN PAUL W Director P-Purchase A Common Stock 1,500 13.95 20.9K 1,500
2013-01-28 Reilly John Director 0 0.00 0
2013-01-28 PARKER ANTHONY W Director 0 0.00 0
2013-01-28 OUTLAND JOHN H Director 0 0.00 0
2013-01-28 LiCalsi Michael 0 0.00 0
2013-01-28 Jones Danielle Officer 0 0.00 0
2013-01-28 Gladstone Future Trust 10% Owner D Common Stock 0 0.00 1,000,000
2013-01-28 GLADSTONE DAVID Director / Officer / 10% Owner D Common Stock 0 0.00 1,750,000
2013-01-28 Earhart Terry Director 0 0.00 0
2013-01-28 ENGLISH MICHELA A Director 0 0.00 0
2013-01-28 Dellafiora John 0 0.00 0
2013-01-28 BRUBAKER TERRY LEE Director / Officer 0 0.00 0
2013-01-28 ADELGREN PAUL W Director 0 0.00 0

Executive team

Top executives
EBIT / Employee
522.5K
Shares Outstanding
41.96M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)
Filing date Form type Filing
2026-03-27 DEFA14A
2026-03-27 DEF 14A
2025-03-21 DEFA14A
2025-03-21 DEF 14A
2024-03-27 DEFA14A
2024-03-27 DEF 14A
2023-03-31 DEFA14A
2023-03-31 DEF 14A
2022-04-01 DEFA14A
2022-04-01 DEF 14A

Recent SEC filings

Recent SEC filings
Filing date Form type Filing
2026-05-11 8-K
2026-05-11 10-Q
2026-04-24 8-K
2026-04-24 424B5
2026-04-24 424B5
2026-04-23 EFFECT
2026-04-07 S-3
2026-04-07 8-K/A
2026-04-07 3
2026-04-07 10-K/A

Executive team

NameTitleCompensationGender
Lewis Parrish Chief Financial Officer & Assistant Treasurer 71.9K male
David John Gladstone Founder, Chairman, Chief Executive Officer & President 57.8K male
Jay Beckhorn Treasurer male
Jennifer A. Smith Chief Valuation Officer female
John Anthony Dellafiora Jr. Chief Compliance Officer male
John Sateri Chief Investment Officer male
Michael Bernard LiCalsi Chief Administrative Officer, Co-General Counsel & Co-Secretary male
Paula Novara Head of Resource Management & Director female
William Reiman Executive Vice President of West Coast Operations male
Erich Hellmold Co-General Counsel & Co-Secretary male
ESG Rating
B
REIT - INDUSTRIAL
Rank: 31 out of 58
2024
E (Environmental)
71.4 / 66.5
Company / Sector avg.
S (Social)
75.9 / 70.1
Company / Sector avg.
G (Governance)
80.8 / 70.0
Company / Sector avg.
ESG Total
76.0 / 68.9
Company / Sector avg.
ESG Score History REIT - INDUSTRIAL
Benchmark vs Sector
Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity
Transaction Date Disclosed Representative District Owner Type Amount Link
2020-12-08 2021-01-08 Virginia Foxx NC05 Joint Sale (Full) $15,001 - $50,000
2020-09-02 2020-10-05 Virginia Foxx NC05 Joint Purchase $15,001 - $50,000
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits