Gladstone Land (Nasdaq:LAND) announced that its board has authorized a Preferred Stock Repurchase Program covering up to $20 million of its 6.00% Series B Cumulative Redeemable Preferred Stock (Nasdaq:LANDO) and up to $35 million of its 6.00% Series C Cumulative Redeemable Preferred Stock (Nasdaq:LANDP).
Repurchases may be executed on U.S. exchanges or via privately negotiated transactions, including under Rule 10b5-1 plans, subject to market conditions and trading windows. The authorization runs through July 14, 2027, may be suspended or discontinued at any time, and does not obligate Gladstone Land to repurchase any specific amount of preferred shares.
Loading...
Loading translation...
Positive
Preferred stock buyback authorization up to $55 million through July 14, 2027
Repurchase capacity split as $20 million LANDO and $35 million LANDP
Negative
None.
Market reaction: LAND +3.23% on preferred stock buyback authorization
+3.23%
+3.23%News Effect
On the day this news was published, LAND gained 3.23%, reflecting a moderate positive market reaction.
This new preferred repurchase authorization comes against a backdrop where the last similar buyback ...
Analysis
This new preferred repurchase authorization comes against a backdrop where the last similar buyback headline preceded a 0.85% move and current short positioning is described as low. Investors may watch execution pace and any shifts in broader capital allocation priorities.
Key Figures
Series B repurchase authorization:$20,000,000Series C repurchase authorization:$35,000,000Series B dividend rate:6.00%+2 more
5 metrics
Series B repurchase authorization$20,000,000Maximum 6.00% Series B preferred stock repurchases under new program
Series C repurchase authorization$35,000,000Maximum 6.00% Series C preferred stock repurchases under new program
Series B dividend rate6.00%Coupon on Series B Cumulative Redeemable Preferred Stock
Series C dividend rate6.00%Coupon on Series C Cumulative Redeemable Preferred Stock
Program expiration dateJuly 14, 2027Board authorization end date for preferred repurchase program
"the Company's 6.00% Series B Cumulative Redeemable Preferred Stock"
Cumulative redeemable preferred stock is a type of investment that gives shareholders priority over common stockholders to receive dividends and get their money back if the company is sold or closes. If the company misses dividend payments, it must pay them later before any dividends can go to other shareholders. This makes it a more secure and flexible option for investors seeking steady income with some ability to redeem their shares in the future.
open market transactionsfinancial
"implemented through open market transactions on U.S. exchanges or in privately negotiated"
Open market transactions are the buying and selling of a company’s shares or other securities conducted on public exchanges or through the wider market rather than through private deals or negotiated placements. They matter to investors because these trades change supply and demand in real time—like shoppers affecting a store’s inventory—and so can move prices, signal management or investor sentiment, affect liquidity, and alter ownership stakes that influence future returns and risk.
rule 10b5-1 trading plansregulatory
"during applicable trading window periods or pursuant to any applicable Rule 10b5-1 trading plans"
Rule 10b5-1 trading plans are written, pre-arranged instructions that allow company insiders (such as executives or directors) to automatically buy or sell their company's stock at specified times or under set conditions, like a standing instruction or automated thermostat for trades. They matter to investors because these plans provide a legal defense against insider‑trading accusations and create predictable insider trading patterns that can help signal whether sales are routine portfolio management or potentially meaningful to the company’s outlook.
MCLEAN, VA / ACCESS Newswire / July 15, 2026 / Gladstone Land Corporation (Nasdaq:LAND) ("Gladstone Land" or the "Company") announced that its board of directors has authorized a share repurchase program for up to $20,000,000 of the Company's 6.00% Series B Cumulative Redeemable Preferred Stock (Nasdaq:LANDO) and up to $35,000,000 of the Company's 6.00% Series C Cumulative Redeemable Preferred Stock (Nasdaq:LANDP) (together, the "Preferred Stock Repurchase Program"). The repurchases are intended to be implemented through open market transactions on U.S. exchanges or in privately negotiated transactions, in accordance with applicable securities laws, and any market purchases will be made during applicable trading window periods or pursuant to any applicable Rule 10b5-1 trading plans. The timing, prices, and sizes of repurchases will depend upon prevailing market prices, general economic and market conditions and other considerations. The board's authorization of the Preferred Stock Repurchase Program expires July 14, 2027, and the Preferred Stock Repurchase Program may be suspended or discontinued at any time and does not obligate the Company to acquire any particular amount of preferred stock.
"After a thorough analysis and in consultation with our board of directors, we are announcing another share repurchase authorization as part of a capital allocation strategy that we believe is in the best interest of our shareholders and our business. We believe that the current market conditions provide an attractive buying opportunity for our preferred stock and that using capital to repurchase our preferred shares at appropriate prices represents a favorable strategic use of capital," said David Gladstone, President and Chief Executive Officer of the Company.
About Gladstone Land Corporation:
Gladstone Land is a publicly-traded real estate investment trust that invests in farmland located in major agricultural markets in the U.S., which it leases to farmers. The Company currently owns 142 farms, comprised of approximately 98,000 acres in 14 different states and over 55,000 acre-feet of water assets in California. Additional information can be found at www.GladstoneLand.com.
For stockholder information on Gladstone Land, call (703) 287-5893. For Investor Relations inquiries related to any of the monthly dividend-paying Gladstone funds, please visit www.GladstoneCompanies.com.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS:
Certain statements in this press release are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements inherently involve certain risks and uncertainties, although they are based on the Company's current plans that are believed to be reasonable as of the date of this press release. Factors that may cause actual results to differ materially from these forward-looking statements include, but are not limited to, the Company's ability to procure financing for investments, downturns in the current economic environment, the performance of its tenants, the impact of competition on its efforts to renew existing leases or re-lease real property, and significant changes in interest rates. Additional factors that could cause actual results to differ materially from those stated or implied by its forward-looking statements are disclosed under the caption "Risk Factors" within the Company's Form 10-K for the fiscal year ended December 31, 2025, as filed with the SEC on February 24, 2026, as amended, and certain other documents filed with the SEC from time to time. The Company cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.
For further information: Gladstone Land, (703) 287-5893
What did Gladstone Land (NASDAQ:LAND) announce about its preferred stock on July 15, 2026?
Gladstone Land announced board authorization for a preferred stock repurchase program of up to $55 million. According to Gladstone Land, it may repurchase up to $20 million of Series B (LANDO) and $35 million of Series C (LANDP) preferred shares through July 14, 2027.
How large is Gladstone Land's preferred stock repurchase authorization for LANDO and LANDP?
The authorization allows up to $20 million in Series B (LANDO) and $35 million in Series C (LANDP) repurchases. According to Gladstone Land, these repurchases may occur via open market or privately negotiated transactions, subject to market conditions and applicable securities laws.
When does Gladstone Land's preferred stock repurchase program (LANDO, LANDP) expire?
The preferred stock repurchase authorization expires on July 14, 2027, unless suspended or discontinued earlier. According to Gladstone Land, the program is discretionary and does not require the company to repurchase any minimum amount of its Series B or Series C preferred shares.
How will Gladstone Land execute the LAND preferred stock buybacks under the 2026 program?
Gladstone Land may execute preferred stock buybacks through open market purchases on U.S. exchanges or privately negotiated transactions. According to Gladstone Land, any market purchases will occur during trading windows or under Rule 10b5-1 trading plans, consistent with applicable securities regulations.
Why is Gladstone Land authorizing a preferred stock repurchase program for LANDO and LANDP?
Gladstone Land describes the program as part of its capital allocation strategy that it believes benefits shareholders. According to Gladstone Land, current market conditions provide what it views as an attractive buying opportunity for its preferred shares at appropriate prices.
