Gladstone Land Corporation Announces Redemption of all Outstanding Shares of Its Series D Preferred Stock

Rhea-AI Summary

Gladstone Land Corporation (Nasdaq:LAND) announced the redemption of all outstanding shares of its 5.00% Series D Cumulative Term Preferred Stock (Nasdaq:LANDM) with a redemption date of January 30, 2026. The shares will be redeemed at $25.100695 per share, comprising the $25.00 liquidation preference plus $0.100695 accrued and unpaid dividends to but excluding January 30, 2026.

The Series D shares are held in book-entry form through DTC and will be redeemed under DTC procedures; after the redemption date the shares will no longer be outstanding and rights will cease except the right to payment. The Series D will be delisted from Nasdaq Global Market. Computershare is the redemption agent and will make payment to DTC.

Positive

• Redemption at full liquidation preference of $25.00 per share
• Total per-share payment set at $25.100695 including accrued dividend
• Redemption effective January 30, 2026, clearing preferred class from capital structure
• Payment to be handled through Computershare to DTC

Negative

• Series D will be delisted from the Nasdaq Global Market
• Company incurs a cash obligation of $25.100695 per Series D share on redemption

News Market Reaction – LAND

-0.95%

1 alert

-0.95% News Effect

On the day this news was published, LAND declined 0.95%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Key Figures

Coupon rate: 5.00% Par value: $0.001 per share Redemption date: January 30, 2026 +3 more

6 metrics

Coupon rate 5.00% Series D Cumulative Term Preferred Stock

Par value $0.001 per share Series D Preferred Stock

Redemption date January 30, 2026 Series D Preferred Stock redemption

Redemption price $25.100695 per share Total payment including accrued dividends

Liquidation preference $25.00 per share Base amount included in redemption price

Accrued dividends $0.100695 per share Accrued and unpaid dividends to but excluding Jan 30, 2026

Market Reality Check

Price: $10.91 Vol: Volume 593,535 is modestl...

normal vol

$10.91 Last Close

Volume Volume 593,535 is modestly above the 20-day average of 553,746 (relative volume 1.07). normal

Technical Shares trade slightly below the 200-day MA of 9.51 at a price of 9.44.

Peers on Argus

LAND gained 1.86% while key peers were mixed: FPI up 1.72%, EPR up 0.45%, but SE...

LAND gained 1.86% while key peers were mixed: FPI up 1.72%, EPR up 0.45%, but SELF and RYN down 0.78% and 0.68%, respectively, and UNIT flat. Moves do not indicate a unified sector trend.

Historical Context

5 past events · Latest: Nov 05 (Negative)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Nov 05	Q3 2025 earnings	Negative	+1.0%	Q3 2025 results with revenue and AFFO down sharply year over year.
Nov 04	Earnings call details	Neutral	-0.6%	Announcement of timing and access details for Q3 2025 earnings call.
Oct 14	Distribution declaration	Positive	+0.3%	Monthly cash distributions for Q4 2025 across common and preferred shares.
Aug 27	Asset sale gain	Positive	+0.6%	Sale of two Florida farms at a premium, generating strong returns.
Aug 07	Q2 2025 earnings	Negative	-4.9%	Q2 2025 loss, negative AFFO, and reduced fixed base rents on several farms.

Pattern Detected

Recent news has generally led to modest price moves, with earnings and corporate updates typically moving the stock less than 1%, except for a larger decline on weaker Q2 2025 results.

Recent Company History

Over the last six months, news for LAND has focused on earnings, portfolio repositioning, and farm sales. Q2 and Q3 2025 results showed lower lease revenues and losses to common holders, while multiple Florida and Nebraska farm sales generated gains. The company also maintained regular monthly distributions and hosted earnings calls and webcasts. Against this backdrop, the current preferred stock redemption fits into ongoing balance sheet and capital structure management disclosures.

Market Pulse Summary

This announcement detailed the full redemption of LAND’s 5.00% Series D Cumulative Term Preferred St...

Analysis

This announcement detailed the full redemption of LAND’s 5.00% Series D Cumulative Term Preferred Stock at $25.100695 per share, including a $25.00 liquidation preference and $0.100695 of accrued dividends, with a redemption date of January 30, 2026. In context of prior updates on distributions, earnings, and asset sales, investors may monitor how this preferred redemption interacts with the capital structure and future filings.

Key Terms

cumulative term preferred stock, liquidation preference, book-entry form, cusip, +1 more

5 terms

cumulative term preferred stock financial

"its 5.00% Series D Cumulative Term Preferred Stock, par value $0.001 per share"

Cumulative term preferred stock is a fixed-income–style share that pays regular dividends and has a set maturity date when the company must redeem the shares. If the company skips dividends, the unpaid amounts accumulate and must be paid before common shareholders receive anything, like a layaway account where missed payments are tracked and owed; investors value it for predictable income and higher protection against missed payouts but with limited upside compared with ordinary shares.

liquidation preference financial

"representing the payment of the liquidation preference of $25.00"

A liquidation preference is a rule that determines who gets paid first and how much they receive when a company is sold, goes bankrupt, or distributes its assets. It gives certain investors a priority claim—often returning their original investment plus any agreed multiple—before other owners receive money, which shapes how much common shareholders and founders ultimately get; think of it as a front-of-the-line pass that affects payout order and investor returns.

book-entry form financial

"is held in book-entry form through The Depository Trust Company"

A book-entry form is an electronic record showing ownership of securities instead of a paper certificate; think of it like a bank account ledger that notes who owns shares. It matters to investors because it makes buying, selling and transferring securities faster, safer and cheaper by reducing paperwork, loss or forgery risk, and enabling easier settlement through brokers or a central depository.

cusip financial

"The Series D Preferred Stock (Nasdaq: LANDM; CUSIP No. 376549507)"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

articles supplementary regulatory

"does not constitute a notice of redemption under the Articles Supplementary"

Additional provisions added to a company’s formal rulebook that change or expand how the company is governed, how shares behave, or how decisions are made. Think of them as extra house rules that can alter voting power, dividend rights, or how shares are issued and transferred; investors care because these changes can affect ownership control, potential returns, and the value or liquidity of their holdings.

AI-generated analysis. Not financial advice.

MCLEAN, VA / ACCESS Newswire / January 6, 2026 / Gladstone Land Corporation (Nasdaq:LAND) (the "Company") today announced the redemption of all of the outstanding shares of its 5.00% Series D Cumulative Term Preferred Stock, par value $0.001 per share (the "Series D Preferred Stock"). A notice of redemption will be sent to all registered holders of Series D Preferred Stock, with a redemption date of January 30, 2026. The Series D Preferred Stock will be redeemed at a price equal to $25.100695 per share, representing the payment of the liquidation preference of $25.00, plus an amount equal to accrued and unpaid dividends to but excluding January 30, 2026 in the amount of $0.100695 per share.

The Series D Preferred Stock (Nasdaq: LANDM; CUSIP No. 376549507) is held in book-entry form through The Depository Trust Company ("DTC") and will be redeemed in accordance with the procedures of DTC. After the redemption date, shares of Series D Preferred Stock will no longer be outstanding and all rights with respect to such shares will cease and terminate, except the right to payment of the redemption price. Also in connection with the redemption, the Series D Preferred Stock will be delisted from trading on The Nasdaq Global Market.

Payment to DTC will be made by Computershare, the Company's redemption agent for the Series D Preferred Stock. Questions regarding redemption of the Series D Preferred Stock or the procedures therefor may be referred to Computershare at 150 Royall Street, Canton, MA 02021, Attn: Corporate Actions, Telephone No.: (855) 396-2084.

This press release does not constitute a notice of redemption under the Articles Supplementary governing the Series D Preferred Stock and is qualified in its entirety by reference to the notice of redemption issued by the Company.

About Gladstone Land Corporation:

Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that acquires and owns farmland and farm-related properties located in major agricultural markets in the U.S. The Company currently owns 144 farms, comprised of approximately 99,000 acres in 14 different states and over 55,000 acre-feet of water assets in California. Gladstone Land's farms are predominantly located in regions where its tenants are able to grow fresh produce annual row crops, such as berries and vegetables, which are generally planted and harvested annually. The Company also owns farms growing permanent crops, such as almonds, blueberries, figs, olives, pistachios, and wine grapes, which are generally planted every 20-plus years and harvested annually. Over 30% of the Company's fresh produce acreage is either organic or in transition to become organic, and nearly 20% of its permanent crop acreage falls into this category. Gladstone Land pays monthly distributions to its stockholders and has paid 155 consecutive monthly cash distributions on its common stock since its initial public offering in January 2013. The current per-share distribution on its common stock is $0.0467 per month, or $0.5604 per year. Additional information, including detailed information about each of the Company's farms, can be found at www.GladstoneLand.com.

Forward-Looking Statements

All statements contained in this press release, other than historical facts, may constitute "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. Words such as "anticipates," "expects," "intends," "plans," "believes," "seeks," "estimates" and variations of these words and similar expressions are intended to identify forward-looking statements. Readers should not rely upon forward-looking statements because the matters they describe are subject to known and unknown risks and uncertainties that could cause the Company's business, financial condition, liquidity, results of operations, funds from operations or prospects to differ materially from those expressed in or implied by such statements. Such risks and uncertainties are disclosed under the captions "Forward-Looking Statements" and "Risk Factors" of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, as filed with the SEC on February 19, 2025, and our other filings with the SEC. 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: Investor Relations, +1-703-287-5893

SOURCE: Gladstone Land Corporation

View the original press release on ACCESS Newswire

FAQ

What did Gladstone Land (LAND) announce about Series D preferred stock on January 6, 2026?

The company announced redemption of all Series D preferred shares on January 30, 2026 at $25.100695 per share.

How much will Gladstone Land (LAND) pay per share to redeem Series D preferred (LANDM)?

The redemption price is $25.100695 per share, equal to a $25.00 liquidation preference plus $0.100695 accrued dividends.

Will Series D preferred stock (LANDM) remain tradable after January 30, 2026?

No; the Series D will be redeemed and delisted from the Nasdaq Global Market, and shares will no longer be outstanding after the redemption date.

Who is handling payment and redemption procedures for LAND Series D shares?

Payment to DTC will be made by Computershare, the company’s redemption agent; holders may contact Computershare Corporate Actions for procedures.

What rights remain for Series D holders after the January 30, 2026 redemption?

After redemption, holders have only the right to payment of the redemption price; other rights will cease and terminate.