secwatch.observer — SEC 8-K summary
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Issuer:     GLADSTONE LAND Corp (LAND)
CIK:        0001495240
Form:       8-K
Filed at:   2025-11-05T23:59:59+00:00
Accession:  0001495240-25-000030
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1495240/000149524025000030/0001495240-25-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1495240/000149524025000030/land-20251105.htm
  HTML page:      https://secwatch.observer/filing/0001495240-25-000030

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