secwatch.observer — SEC 8-K summary
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Issuer:     GLADSTONE LAND Corp (LAND)
CIK:        0001495240
Form:       8-K
Filed at:   2025-05-12T23:59:59+00:00
Accession:  0001495240-25-000014
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1495240/000149524025000014/0001495240-25-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1495240/000149524025000014/land-20250512.htm
  HTML page:      https://secwatch.observer/filing/0001495240-25-000014

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