secwatch.observer — SEC 8-K summary
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Issuer:     GLADSTONE LAND Corp (LAND)
CIK:        0001495240
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0001495240-22-000017
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gladstone Land Q2 net loss per share $0.11; acquires $24.6M in farms; raises distribution
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- Net loss to common stockholders $3.9M ($0.11/share) vs $2.7M ($0.08) prior Q; AFFO $4.5M ($0.13) vs $6.4M ($0.19).
- Acquired 1,374 acres in CA and 15 acres in FL for $24.6M at 5.84% cap rate; post-Q acquired 4 farms for $37.4M at 6.23%.
- Executed renewable energy lease on 16,595 acres in CO for wind/solar development, adding ~$332K annual rent.
- Sold 1.48M shares of Series C Preferred for net $33.7M; post-Q sold 1.58M shares for $35.9M.
- Increased monthly distribution to $0.0456/share for Jul-Sep (0.44% increase); 27th increase in 30 quarters, total 52%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1495240/000149524022000017/0001495240-22-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1495240/000149524022000017/land-20220809.htm
  HTML page:      https://secwatch.observer/filing/0001495240-22-000017

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