---
schema_version: "secwatch.filing_event.v1"
accession: "0001495240-25-000023"
form_type: "8-K"
ticker: "LAND"
cik: "0001495240"
company_name: "GLADSTONE LAND Corp"
filed_at: "2025-08-07T23:59:59+00:00"
generated_at: "2026-05-17T17:27:29.170759+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Gladstone Land Q2 net loss $7.9M; AFFO negative $0.10; revenue down 42% on lease restructuring

## Summary
- Net loss of $7.9M vs $823K in prior-year quarter; net loss per share $0.38.
- AFFO per share negative $0.10 vs positive $0.10; cash from operations fell 75% to $3.9M.
- Revenue dropped 42% to $12.3M due to lease modifications shifting fixed rents to participation rents, mostly recognized in Q4.
- Debt activity: secured $10.6M loan at 6.31% to repay $10.3M maturing loan; repaid $10.4M bond.
- Quarterly dividends flat at $0.1401/share; purchased 1,530 acre-feet of water for $583,000.

## SEC filing metadata
- accession: 0001495240-25-000023
- form_type: 8-K
- ticker: LAND
- cik: 0001495240
- company_name: GLADSTONE LAND Corp
- filed_at: 2025-08-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1495240/000149524025000023/0001495240-25-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1495240/000149524025000023/land-20250807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001495240-25-000023
- JSON: https://secwatch.observer/filing/0001495240-25-000023.json
- Plain text: https://secwatch.observer/filing/0001495240-25-000023.txt

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