---
schema_version: "secwatch.filing_event.v1"
accession: "0001495240-23-000029"
form_type: "8-K"
ticker: "LAND"
cik: "0001495240"
company_name: "GLADSTONE LAND Corp"
filed_at: "2023-11-07T23:59:59+00:00"
generated_at: "2026-06-08T14:43:13.571557+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Gladstone Land Q3 AFFO down 22.5% YoY to $5.6M ($0.15/sh); NAV rises to $20.33

## Summary
- Net income $3.1M vs $1.8M YoY; net loss to common $3.0M ($0.08/sh) improved from $3.6M loss.
- AFFO $5.6M ($0.155/sh) vs $7.2M ($0.207/sh) YoY; driven by lower cash rents and higher fees.
- Total operating revenues $23.5M, down 2.8% from $24.2M; fixed base cash rent fell 2.0%.
- Estimated NAV per share increased 22.8% YoY to $20.33; occupancy 100%, 169 farms.
- Lease amendments added $210K annual NOI; acquired 7,000 acre-feet of CA water rights for $1.2M.

## SEC filing metadata
- accession: 0001495240-23-000029
- form_type: 8-K
- ticker: LAND
- cik: 0001495240
- company_name: GLADSTONE LAND Corp
- filed_at: 2023-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1495240/000149524023000029/0001495240-23-000029-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1495240/000149524023000029/land-20231107.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001495240-23-000029
- JSON: https://secwatch.observer/filing/0001495240-23-000029.json
- Plain text: https://secwatch.observer/filing/0001495240-23-000029.txt

## Key facts
- Earnings Releases
  GLADSTONE LAND Corp reported the third quarter ended September 30, 2023 results: net income Net income for the quarter was approximately $3.1 million, EPS $0.08 per share.
  - Period: the third quarter ended September 30, 2023
  - Net income: Net income for the quarter was approximately $3.1 million
  - EPS: $0.08 per share
  - Result: reported results
  source text: On November 7, 2023, Gladstone Land Corporation issued a press release announcing its financial results for the third quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1495240/000149524023000029/0001495240-23-000029-index.htm

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