---
schema_version: "secwatch.filing_event.v1"
accession: "0001495240-25-000007"
form_type: "8-K"
ticker: "LAND"
cik: "0001495240"
company_name: "GLADSTONE LAND Corp"
filed_at: "2025-02-19T23:59:59+00:00"
generated_at: "2026-05-26T11:23:04.971528+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Gladstone Land Q4 AFFO $0.09 vs $0.15 YoY; NAV per share falls 22% to $14.91

## Summary
- Q4 net loss to common $5.5M ($0.15/share) vs $4.3M ($0.12) YoY; AFFO $3.4M ($0.09) from $5.4M ($0.15).
- FY 2024 AFFO $16.7M ($0.47) down 18% from $20.3M ($0.57); total operating revenue fell 5.7% to $85.2M.
- NAV per share dropped 22% to $14.91 at Dec 31, 2024 from $19.06 a year earlier; farmland portfolio value fell 10%.
- Sold 12 farms for $70.6M in FY, net gain $10M; post-year-end sold 7 farms for $64.5M, net gain $15.7M.
- Occupancy rate slipped to 96.2% from 99.5%; 12 farms vacant/direct-operated/non-accrual; base rents cut for participation rents.

## SEC filing metadata
- accession: 0001495240-25-000007
- form_type: 8-K
- ticker: LAND
- cik: 0001495240
- company_name: GLADSTONE LAND Corp
- filed_at: 2025-02-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1495240/000149524025000007/0001495240-25-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1495240/000149524025000007/land-20250219.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001495240-25-000007
- JSON: https://secwatch.observer/filing/0001495240-25-000007.json
- Plain text: https://secwatch.observer/filing/0001495240-25-000007.txt

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