---
schema_version: "secwatch.filing_event.v1"
accession: "0001495240-24-000015"
form_type: "8-K"
ticker: "LAND"
cik: "0001495240"
company_name: "GLADSTONE LAND Corp"
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T17:44:07.203197+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Gladstone Land Q1 net income $13.6M on $10.4M farm gain; AFFO falls 13%

## Summary
- Net income to common stockholders $7.4M ($0.21/sh) vs net loss $4.3M ($0.12) YoY; AFFO fell 13% to $5.1M ($0.14).
- Total operating revenues down 4.5% to $20.3M; cash lease revenues fell 6.3% on Florida farm sale and vacancies.
- Sold 3,748-acre Florida farm for $65.7M, net gain of $10.4M; proceeds used to reduce debt by $16.2M.
- Common dividend run rate raised 0.22% to $0.0466/month; 34th increase in 37 quarters, cumulative 55.3%.
- NAV per share rose to $18.50 from $17.12; occupancy 98.9% with 5 farms vacant or direct-operated.

## SEC filing metadata
- accession: 0001495240-24-000015
- form_type: 8-K
- ticker: LAND
- cik: 0001495240
- company_name: GLADSTONE LAND Corp
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1495240/000149524024000015/0001495240-24-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1495240/000149524024000015/land-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001495240-24-000015
- JSON: https://secwatch.observer/filing/0001495240-24-000015.json
- Plain text: https://secwatch.observer/filing/0001495240-24-000015.txt

## Key facts
- Earnings Releases
  GLADSTONE LAND Corp reported the first quarter ended March 31, 2024 results: net income approximately $13.6 million, EPS $0.21 per share.
  - Period: the first quarter ended March 31, 2024
  - Net income: approximately $13.6 million
  - EPS: $0.21 per share
  - Result: reported results
  source text: On May 7, 2024, Gladstone Land Corporation issued a press release announcing its financial results for the first quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1495240/000149524024000015/0001495240-24-000015-index.htm

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