secwatch.observer — SEC 8-K summary
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Issuer:     GLADSTONE LAND Corp (LAND)
CIK:        0001495240
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001495240-22-000010
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gladstone Land Q1 net loss widens to $2.7M; NAV rises to $15.54
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- Net loss to common stockholders of $2.7M ($0.08/share) vs $1.4M ($0.04) prior quarter.
- AFFO of $6.4M ($0.19/share) vs $6.7M ($0.20) prior; revenue down 12.5% to $19.9M.
- NAV per share up 8.6% to $15.54 from $14.31, driven by lower debt fair values and farm reappraisals.
- Monthly distribution raised 0.22% to $0.0454/share; 26th increase in 29 quarters.
- Lease renewals expected to reduce annual NOI by ~$580k due to one participation-rent lease.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1495240/000149524022000010/0001495240-22-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1495240/000149524022000010/land-20220510.htm
  HTML page:      https://secwatch.observer/filing/0001495240-22-000010

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