secwatch.observer — SEC 8-K summary
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Issuer:     GLADSTONE LAND Corp (LAND)
CIK:        0001495240
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0001495240-23-000006
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gladstone Land Q4 AFFO $0.19/share; FY2022 AFFO up 21.6% to $24.8M; net loss widens to $15.0M
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- Q4 net loss to common stockholders $4.8M ($0.14/share) vs $3.6M ($0.10) prior quarter; AFFO $6.8M ($0.19) vs $7.2M ($0.21).
- FY2022 AFFO $24.8M ($0.72/share) vs $20.4M ($0.67) in 2021, up 21.6%; net loss to common $15.0M ($0.43) vs $8.7M ($0.29).
- Participation rents $7.7M in 2022 vs $5.2M in 2021; acquired 5 farms for $65.1M at 5.8% cap rate; occupancy 100%.
- NAV per share $17.08 at Dec 31, 2022, up from $16.56 prior quarter and $14.31 a year ago.
- Subsequent: repaid $8.1M bond; commenced Series E Preferred sales; sold 663,585 common shares for $13.0M via ATM.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1495240/000149524023000006/0001495240-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1495240/000149524023000006/land-20230221.htm
  HTML page:      https://secwatch.observer/filing/0001495240-23-000006

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer