earnings
confidence high
sentiment negative
materiality 0.75
Gladstone Land Q3 net loss $3.9M ($0.11/sh); AFFO $0.04, down 69% YoY; revenue down 21%
GLADSTONE LAND Corp
2025-Q3 EPS
reported -$0.24
vs consensus -$0.27
▲ beat
(+11.2%)
- Net loss attributable to common stockholders $3.9M ($0.11/sh) vs $5.8M loss prior year; AFFO $1.4M ($0.04/sh) vs $4.5M ($0.13).
- Total operating revenues $17.8M, down 21% YoY due to $5.4M drop in fixed base cash rents from lease modifications on six farms.
- Sold two Florida farms for $21.5M (36% premium, $6.0M gain); repaid $10.4M bond; raised ~$1.1M via ATM in Q3, $8.8M post-quarter.
- Expects ~$16.9M revenue recognition in Q4 from pistachio harvest on three Repositioned Farms; received $5.1M initial cash installment.
- Monthly common distributions maintained at $0.0467/sh ($0.1401/quarter); CEO hints at potential sale of certain farms if lease terms not met.