---
schema_version: "secwatch.filing_event.v1"
accession: "0001495240-23-000022"
form_type: "8-K"
ticker: "LAND"
cik: "0001495240"
company_name: "GLADSTONE LAND Corp"
filed_at: "2023-08-07T23:59:59+00:00"
generated_at: "2026-06-12T04:07:47.659699+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Gladstone Land Q2 net income $7.9M; AFFO per share down 17% YoY to $0.11

## Summary
- Net income to common stockholders $1.7M ($0.05 per share) vs net loss of $3.9M ($0.11) in prior-year quarter.
- AFFO fell to $3.8M ($0.11 per share) from $4.5M ($0.13) in Q2 2022, down 14.3%.
- NAV per share rose 22.8% to $19.15; monthly distribution increased to $0.0462 per share (up 0.43% run rate).
- Sold a 138-acre Florida parcel for $9.6M, net gain of $6.4M; executed 12 lease renewals with net NOI impact.
- Total operating revenues $21.2M, up 4.5% YoY; cash flows from operations $17.9M, up 51.4%.

## SEC filing metadata
- accession: 0001495240-23-000022
- form_type: 8-K
- ticker: LAND
- cik: 0001495240
- company_name: GLADSTONE LAND Corp
- filed_at: 2023-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1495240/000149524023000022/0001495240-23-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1495240/000149524023000022/land-20230807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001495240-23-000022
- JSON: https://secwatch.observer/filing/0001495240-23-000022.json
- Plain text: https://secwatch.observer/filing/0001495240-23-000022.txt

## Key facts
- Earnings Releases
  GLADSTONE LAND Corp reported the second quarter ended June 30, 2023 results: net income approximately $7.9 million, EPS $0.05 per share.
  - Period: the second quarter ended June 30, 2023
  - Net income: approximately $7.9 million
  - EPS: $0.05 per share
  - Result: reported results
  source text: Net income for the quarter was approximately $7.9 million, compared to approximately $613,000 in the prior-year quarter. Net income to common stockholders during the quarter was approximately $1.7 million, or $0.05 per share, compared to a net loss to common stockholders of approximately $3.9 million, or $0.11 per share, in the prior-year quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1495240/000149524023000022/0001495240-23-000022-index.htm

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