secwatch.observer — SEC 8-K summary
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Issuer:     GLADSTONE LAND Corp (LAND)
CIK:        0001495240
Form:       8-K
Filed at:   2021-08-10T23:59:59+00:00
Accession:  0001495240-21-000021
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1495240/000149524021000021/0001495240-21-000021-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1495240/000149524021000021/land-20210810.htm
  HTML page:      https://secwatch.observer/filing/0001495240-21-000021

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