secwatch.observer — SEC 8-K summary
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Issuer:     GLADSTONE LAND Corp (LAND)
CIK:        0001495240
Form:       8-K
Filed at:   2021-11-09T23:59:59+00:00
Accession:  0001495240-21-000025
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1495240/000149524021000025/0001495240-21-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1495240/000149524021000025/land-20211109.htm
  HTML page:      https://secwatch.observer/filing/0001495240-21-000025

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