Q2 net loss $531K, AFFO $0.13/share; acquired $79.7M in farms

GLADSTONE LAND Corp

2021-Q2 EPS reported -$0.20 revenue$32,927,000

Net loss of $531K vs prior-quarter net income of $554K; loss to common stockholders of $3.5M ($0.12/share).
AFFO fell to $3.7M ($0.13/share) from $4.7M ($0.17/share), driven by $2.2M interest patronage in prior quarter.
Acquired 13 farms for $79.7M at 5.1% initial cap rate; portfolio now 153 farms on 105,282 acres.
Raised $63.2M via common ATM and $9.2M via Series C preferred during Q2; NAV per share up $0.47 to $13.16.
Subsequent to quarter: monthly dividend raised 0.22% to $0.0451/share; sold additional $19.9M common and $3.9M preferred.

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