---
schema_version: "secwatch.filing_event.v1"
accession: "0001495240-21-000025"
form_type: "8-K"
ticker: "LAND"
cik: "0001495240"
company_name: "GLADSTONE LAND Corp"
filed_at: "2021-11-09T23:59:59+00:00"
generated_at: "2026-06-28T10:37:57.701397+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Gladstone Land Q3 net income $1.5M, AFFO $0.17/share up 40.9% QoQ

## Summary
- Net income $1.5M vs prior Q loss $0.5M; net loss to common ($0.05)/share vs ($0.12).
- AFFO $5.3M ($0.17/share) vs $3.7M ($0.13), up 40.9% QoQ on higher lease revenues and participation rents.
- Acquired 5 farms for $62.3M in Q3; post-quarter 2 farms for $46.3M; weighted avg cap rates 6.0% and 4.7%.
- NAV per share $13.80, up $0.64 from Q2; monthly distribution raised 0.22% to $0.0452.
- Total operating revenues $19.6M, up 16% QoQ; fixed base cash rents +6.1%; occupancy 100% on 158 farms.

## SEC filing metadata
- accession: 0001495240-21-000025
- form_type: 8-K
- ticker: LAND
- cik: 0001495240
- company_name: GLADSTONE LAND Corp
- filed_at: 2021-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1495240/000149524021000025/0001495240-21-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1495240/000149524021000025/land-20211109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001495240-21-000025
- JSON: https://secwatch.observer/filing/0001495240-21-000025.json
- Plain text: https://secwatch.observer/filing/0001495240-21-000025.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.