secwatch.observer — SEC 8-K summary
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Issuer:     GLADSTONE LAND Corp (LAND)
CIK:        0001495240
Form:       8-K
Filed at:   2025-02-19T23:59:59+00:00
Accession:  0001495240-25-000007
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1495240/000149524025000007/0001495240-25-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1495240/000149524025000007/land-20250219.htm
  HTML page:      https://secwatch.observer/filing/0001495240-25-000007

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