Gladstone Land Q1 net loss $0.24/sh vs $0.25 income YoY; AFFO $0.08/sh up from $0.06

GLADSTONE LAND Corp

2026-Q1 EPS reported -$0.24 vs consensus -$0.23 ▼ miss (-3.8%)

Net loss $4.3M vs net income $15.1M YoY; net loss to common $10.0M ($0.24/sh) vs income $9.1M ($0.25/sh).
AFFO $3.1M ($0.08/sh) vs $2.0M ($0.06/sh); cash distributions held at $0.1401/sh quarterly.
Participation rent revenue $4.9M vs $465K, largely due to early 2025 pistachio bonus payment.
Redeemed all Series D Term Preferred for $60.6M; entered new $37M revolving credit facility.
Sold 3.7M common shares via ATM for net $36.7M; filed new $1B shelf registration.

item 2.02item 9.01

Source: SEC EDGAR

accession 0001495240-26-000017

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