secwatch.observer — SEC 8-K summary
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Issuer:     GLADSTONE LAND Corp (LAND)
CIK:        0001495240
Form:       8-K
Filed at:   2023-08-07T23:59:59+00:00
Accession:  0001495240-23-000022
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1495240/000149524023000022/0001495240-23-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1495240/000149524023000022/land-20230807.htm
  HTML page:      https://secwatch.observer/filing/0001495240-23-000022

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