---
schema_version: "secwatch.filing_event.v1"
accession: "0001495240-25-000014"
form_type: "8-K"
ticker: "LAND"
cik: "0001495240"
company_name: "GLADSTONE LAND Corp"
filed_at: "2025-05-12T23:59:59+00:00"
generated_at: "2026-05-21T23:28:12.665239+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Gladstone Land Q1 net income $15.1M, AFFO $0.06/share, revenue down 17% on lower base rents

## Summary
- Net income $15.1M ($0.25/share) vs $13.6M last year; AFFO $2.0M ($0.06/share) vs $5.1M ($0.14).
- Total operating revenue $16.8M, down 17% due to $5.7M reduction in fixed base cash rents.
- Sold 7 farms (8,189 acres) for $64.5M, net gain $15.7M; now own 150 farms vs 168 a year ago.
- Executed six lease amendments; reduced base rents for higher participation rent, majority expected in Q4.
- Subsequent to quarter: renewable energy lease for $166k/year; Q2 dividend $0.0467/month unchanged.

## SEC filing metadata
- accession: 0001495240-25-000014
- form_type: 8-K
- ticker: LAND
- cik: 0001495240
- company_name: GLADSTONE LAND Corp
- filed_at: 2025-05-12T23:59:59+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/1495240/000149524025000014/0001495240-25-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1495240/000149524025000014/land-20250512.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001495240-25-000014
- JSON: https://secwatch.observer/filing/0001495240-25-000014.json
- Plain text: https://secwatch.observer/filing/0001495240-25-000014.txt

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