---
schema_version: "secwatch.filing_event.v1"
accession: "0001495240-25-000030"
form_type: "8-K"
ticker: "LAND"
cik: "0001495240"
company_name: "GLADSTONE LAND Corp"
filed_at: "2025-11-05T23:59:59+00:00"
generated_at: "2026-05-17T00:15:30.436338+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Gladstone Land Q3 net loss $3.9M ($0.11/sh); AFFO $0.04, down 69% YoY; revenue down 21%

## Summary
- 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.

## SEC filing metadata
- accession: 0001495240-25-000030
- form_type: 8-K
- ticker: LAND
- cik: 0001495240
- company_name: GLADSTONE LAND Corp
- filed_at: 2025-11-05T23:59:59+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/1495240/000149524025000030/0001495240-25-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1495240/000149524025000030/land-20251105.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001495240-25-000030
- JSON: https://secwatch.observer/filing/0001495240-25-000030.json
- Plain text: https://secwatch.observer/filing/0001495240-25-000030.txt

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