secwatch.observer — SEC 8-K summary
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Issuer:     GLADSTONE LAND Corp (LAND)
CIK:        0001495240
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001495240-23-000014
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1495240/000149524023000014/0001495240-23-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1495240/000149524023000014/land-20230508.htm
  HTML page:      https://secwatch.observer/filing/0001495240-23-000014

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