---
schema_version: "secwatch.filing_event.v1"
accession: "0001495240-23-000014"
form_type: "8-K"
ticker: "LAND"
cik: "0001495240"
company_name: "GLADSTONE LAND Corp"
filed_at: "2023-05-08T23:59:59+00:00"
generated_at: "2026-06-15T12:54:34.965342+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Gladstone Land Q1 AFFO $0.17, NAV $17.12; leases increase annual NOI 12.2%

## Summary
- Net loss to common stockholders $4.3M ($0.12/share) vs $2.7M ($0.08) YoY; total revenues $21.2M (+6.3%).
- AFFO $6.0M ($0.17/share) vs $6.4M ($0.19); NAV per share increased to $17.12 from $15.54 YoY.
- Five new leases expected to add $598k annual NOI (+12.2%); California flood damage $855k, fully covered.
- Repaid $21.8M in maturing loans; sold 663,585 shares under ATM for $13.0M; issued Series E preferred for $1.4M.
- Filed new $1.5B registration statement; distribution run rate increased 0.22% (30th increase in 33 quarters).

## SEC filing metadata
- accession: 0001495240-23-000014
- form_type: 8-K
- ticker: LAND
- cik: 0001495240
- company_name: GLADSTONE LAND Corp
- filed_at: 2023-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1495240/000149524023000014/0001495240-23-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1495240/000149524023000014/land-20230508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001495240-23-000014
- JSON: https://secwatch.observer/filing/0001495240-23-000014.json
- Plain text: https://secwatch.observer/filing/0001495240-23-000014.txt

## Key facts
- Earnings Releases
  GLADSTONE LAND Corp reported the first quarter ended March 31, 2023 results: net income approximately $1.8 million, EPS $0.12 per share.
  - Period: the first quarter ended March 31, 2023
  - Net income: approximately $1.8 million
  - EPS: $0.12 per share
  - Result: reported results
  source text: First Quarter 2023 Results: Net income for the quarter was approximately $1.8 million, compared to approximately $1.2 million in the prior-year quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1495240/000149524023000014/0001495240-23-000014-index.htm

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