secwatch.observer — SEC 8-K summary
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Issuer:     GLADSTONE LAND Corp (LAND)
CIK:        0001495240
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001495240-24-000023
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gladstone Land Q2 net loss $823K vs $7.9M income YoY; AFFO flat at $0.103/share
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- Net loss to common stockholders $6.7M ($0.19/diluted share); prior-year net income $1.7M ($0.05/share).
- Total operating revenue $21.3M, flat YoY; fixed base cash rents down $1.1M, participation rents up $1.1M.
- AFFO $3.7M ($0.103/share), up 1.5% YoY; cash distributions increased 0.22% to $0.140/share.
- NAV per share fell $1.56 to $17.59, driven by farm valuation decreases and higher interest rates.
- Executed 3 lease amendments post-quarter for $395K annual NOI increase; repurchased 140,777 preferred shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1495240/000149524024000023/0001495240-24-000023-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1495240/000149524024000023/land-20240808.htm
  HTML page:      https://secwatch.observer/filing/0001495240-24-000023

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