LOWOutside partyTenant
10.7%
largest third-party tenant leasing nine farms
“10-K Item 1A: 'one of our third-party tenants currently leases nine of our farms and accounts for approximately 10.7% of our total lease revenue'”
LAND · Concentration risk · 10-K extracted
Gladstone Land (LAND) concentration risks
Updated
The most significant concentration Gladstone Land discloses is largest third-party tenant leasing nine farms at 10.7%, classified LOW by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Gladstone Land’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH0
MEDIUM0
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-10-04Gladstone Land's disclosed concentration is a single tenant relationship. One of its third-party tenants currently leases nine of its farms and accounts for approximately 10.7% of total lease revenue. That is a low-share exposure and a dependency in character: the revenue is tied to one operator's ability to pay rent and continue farming, rather than to a broad market condition. The size band matters here. At approximately 10.7% of lease revenue, no single tenant default would threaten the income base on its own, and the remaining revenue is spread across other tenants. The more relevant feature is that the exposure spans multiple properties, so a problem with this operator would not be confined to one farm and could affect several locations at once. It is also idiosyncratic, so it is not offset by agricultural commodity conditions generally. Netted out, this is the only concentration the filing discloses, and it is modest. The verdict is unlikely to turn on it unless the tenant shows financial or operational stress, in which case lease collection and re-leasing across its farms would become the practical question to watch.
For the engine’s reasoning on LAND’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · REIT - Specialty
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CCI | Crown Castle Inc. | 2 | 0 | 0 | 2 |
| DLR | Digital Realty Trust, Inc. | 1 | 1 | 1 | 3 |
| EPR | EPR Properties | 1 | 0 | 3 | 4 |
| LAND● | Gladstone Land Corporation | 0 | 0 | 1 | 1 |
| AMT | American Tower Corporation (REI | 0 | 0 | 0 | 0 |
| EQIX | Equinix, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.