---
schema_version: "secwatch.filing_event.v1"
accession: "0001495240-24-000006"
form_type: "8-K"
ticker: "LAND"
cik: "0001495240"
company_name: "GLADSTONE LAND Corp"
filed_at: "2024-02-20T23:59:59+00:00"
generated_at: "2026-06-05T23:01:24.651048+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Gladstone Land Q4 AFFO down 17.7% YoY to $5.4M; occupancy 99.5%; post-quarter farm sale yields $10.4M gain

## Summary
- Q4 AFFO $5.4M ($0.15/sh) vs $6.6M ($0.19) YoY; net loss to common $4.3M ($0.12).
- FY23 AFFO $20.3M ($0.569/sh) vs $24.3M ($0.701); net loss to common $9.9M ($0.28).
- Executed 30 lease renewals; excluding non-accrual, annual NOI up $1.6M (+8.7%); vacant/direct farms reduced NOI $1.7M.
- Post-quarter sold 3,748-acre FL farm for $65.7M, net gain $10.4M (60% ROE); Q4 sold 138-acre FL for $9.6M (gain $6.4M).
- Common dividend raised 0.22% to $0.0465/mo; 33rd increase in 36 quarters (cumulative 55% increase).

## SEC filing metadata
- accession: 0001495240-24-000006
- form_type: 8-K
- ticker: LAND
- cik: 0001495240
- company_name: GLADSTONE LAND Corp
- filed_at: 2024-02-20T23:59:59+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/1495240/000149524024000006/0001495240-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1495240/000149524024000006/land-20240220.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001495240-24-000006
- JSON: https://secwatch.observer/filing/0001495240-24-000006.json
- Plain text: https://secwatch.observer/filing/0001495240-24-000006.txt

## Key facts
- Earnings Releases
  GLADSTONE LAND Corp reported the fourth quarter ended December 31, 2023 results: net income approximately $1.8 million, EPS $0.12 per share.
  - Period: the fourth quarter ended December 31, 2023
  - Net income: approximately $1.8 million
  - EPS: $0.12 per share
  - Result: reported results
  source text: Fourth Quarter 2023 Results: Net income for the quarter was approximately $1.8 million, compared to approximately $1.1 million in the prior-year quarter. Net loss to common stockholders during the quarter was approximately $4.3 million, or $0.12 per share, compared to approximately $4.8 million, or $0.14 per share, in the prior-year quarter.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1495240/000149524024000006/0001495240-24-000006-index.htm
- Earnings Releases
  GLADSTONE LAND Corp reported financial results for the year ended December 31, 2023.
  - Period: the year ended December 31, 2023
  - Result: reported results
  source text: Gladstone Land Corporation issued a press release announcing its financial results for the fourth quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1495240/000149524024000006/0001495240-24-000006-index.htm

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