earnings
confidence high
sentiment negative
materiality 0.75
Gladstone Land Q4 net loss to common $1.8M; AFFO $0.38/sh; revenue shift to participation rents
GLADSTONE LAND Corp
2025-FY EPS
reported -$0.29
vs consensus $0.23
▼ miss
(-226.4%)
- Q4 net loss to common $1.8M ($0.05/sh); AFFO $14.4M ($0.38/sh) vs $3.4M ($0.09) prior Q4.
- Full-year AFFO $14.4M ($0.39/sh) vs $16.7M ($0.47) in 2024; net loss to common $10.5M.
- Participation rents hit $20.0M for 2025 (vs $9.4M in 2024); fixed base rent down $1.9M in Q4.
- Sold 13 farms for $95.4M; net gain $21.3M; redeemed Series D term preferred for $60.6M in Jan 2026.
- Occupancy rate 95.1%; CEO cites possible lease restructurings or farm sales if fixed rents not restored.