Terry Lee Brubaker
On November 13, 2024, Terry Lee Brubaker gave notice that he will be retiring as the Chief Operating Officer of Gladstone Land Corporation (the “Company”) effective December 2, 2024.
Highest-materiality recent filing
Gladstone Land Q2 2026 net loss $8.5M, AFFO -$1.6M; revenue up 3.2% YoY
Net loss attributable to common stockholders $13.5M ($0.32/share) vs $13.9M ($0.38) in Q2 2025.
Gladstone Land authorizes $55M preferred stock repurchase program
Board authorized up to $20M for Series B (LANDO) and $35M for Series C (LANDP) preferred stock repurchases.
Gladstone Land elects George 'Chip' Stelljes, III as independent director
Elected to 2028 class; board expanded from 7 to 8 directors.
Gladstone Land shareholders elect two directors, ratify PwC as auditor
David Gladstone re-elected with 14,533,998 for, 794,093 withheld; broker non-votes 14,059,519.
Gladstone Land Q1 net loss $0.24/sh vs $0.25 income YoY; AFFO $0.08/sh up from $0.06
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).
Gladstone Land enters new $500M ATM equity distribution agreements with Virtu and Lucid
Company may sell up to $500M of common stock under at-the-market offerings through Virtu and Lucid.
Gladstone Land voids Series D reclassification, corrects authorized share counts
Certificate of Correction filed April 2 corrects March 12 Articles Supplementary errors.
Gladstone Land appoints John Sateri as Chief Investment Officer
John Sateri, age 58, appointed CIO of Gladstone Land Corp effective March 20, 2026.
Gladstone Land reclassifies 1.185M Series D preferred shares into common stock
Filed Articles Supplementary reclassifying 1,185,000 shares of 5.00% Series D Cumulative Term Preferred Stock as additional common shares.
Gladstone Land Q4 net loss to common $1.8M; AFFO $0.38/sh; revenue shift to participation rents
Q4 net loss to common $1.8M ($0.05/sh); AFFO $14.4M ($0.38/sh) vs $3.4M ($0.09) prior Q4.
Gladstone Land to redeem all Series D Preferred Stock at $25.100695/share on Jan 30, 2026
Redemption price of $25.100695/share includes $25.00 liquidation preference plus $0.100695 in accrued dividends through Jan 30, 2026.
Gladstone Land Q3 net loss $3.9M ($0.11/sh); AFFO $0.04, down 69% YoY; revenue down 21%
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).
Gladstone Land Q2 net loss $7.9M; AFFO negative $0.10; revenue down 42% on lease restructuring
Net loss of $7.9M vs $823K in prior-year quarter; net loss per share $0.38.
Gladstone Land authorizes up to $55M in preferred stock repurchases
Up to $20M for 6.00% Series B (LANDO) and up to $35M for 6.00% Series C (LANDP) preferred stock.
Gladstone Land Q1 net income $15.1M, AFFO $0.06/share, revenue down 17% on lower base rents
Net income $15.1M ($0.25/share) vs $13.6M last year; AFFO $2.0M ($0.06/share) vs $5.1M ($0.14).
Gladstone Land shareholders elect directors and ratify PwC as auditor at 2025 annual meeting
Walter H. Wilkinson, Jr. elected with 8,930,703 votes for, 7,922,679 withheld, 10,360,775 broker non-votes.
Gladstone Land Q4 AFFO $0.09 vs $0.15 YoY; NAV per share falls 22% to $14.91
Q4 net loss to common $5.5M ($0.15/share) vs $4.3M ($0.12) YoY; AFFO $3.4M ($0.09) from $5.4M ($0.15).
Director Paul W. Adelgren resigns from Gladstone Land board, effective Dec 15, 2024
Paul W. Adelgren notified resignation on Dec 3, 2024, effective Dec 15, 2024.
Gladstone Land COO Terry Lee Brubaker to retire effective Dec 2, 2024
COO Terry Lee Brubaker retiring effective December 2, 2024.
Gladstone Land Q3 net loss widens to $5.8M; AFFO per share down 15.7% YoY
Net loss to common stockholders $5.8M ($0.16/share) vs $3.0M loss ($0.08) prior year; AFFO $0.13/share vs $0.15.
Gladstone Land elects Katharine Cornell Gorka to Board of Directors effective Aug. 22, 2024
Gorka joins the 2027 class as an independent director and will serve on the Ethics, Nominating and Corporate Governance Committee.
Gladstone Land Q2 net loss $823K vs $7.9M income YoY; AFFO flat at $0.103/share
Net loss to common stockholders $6.7M ($0.19/diluted share); prior-year net income $1.7M ($0.05/share).
Gladstone Land authorizes $55M preferred stock repurchase program
Board authorized up to $20M of Series B (LANDO) and $35M of Series C (LANDP) preferred stock repurchases.
Gladstone Land stockholders elect directors and ratify PwC as auditor at 2024 annual meeting
Michela A. English elected with 12,968,344 votes For, 4,779,337 Withheld.
Gladstone Land Q1 net income $13.6M on $10.4M farm gain; AFFO falls 13%
Net income to common stockholders $7.4M ($0.21/sh) vs net loss $4.3M ($0.12) YoY; AFFO fell 13% to $5.1M ($0.14).
Q4 AFFO $5.4M ($0.15/sh) vs $6.6M ($0.19) YoY; net loss to common $4.3M ($0.12).
Maturity extended from April 5, 2024 to December 15, 2033.
Gladstone Land Q3 AFFO down 22.5% YoY to $5.6M ($0.15/sh); NAV rises to $20.33
Net income $3.1M vs $1.8M YoY; net loss to common $3.0M ($0.08/sh) improved from $3.6M loss.
Gladstone Land amends bylaws to revise Executive Committee composition
Effective Oct 10, 2023, Board approved First Amendment to Bylaws revising Article IV, Section 28.
Gladstone Land Q2 net income $7.9M; AFFO per share down 17% YoY to $0.11
Net income to common stockholders $1.7M ($0.05 per share) vs net loss of $3.9M ($0.11) in prior-year quarter.
Amendment extends Final Issuance Date to earlier of Dec 31, 2026 or a Material Adverse Change.
Gladstone Land lists Series C Preferred Stock on Nasdaq under ticker LANDP
Series C Preferred listed on Nasdaq Global Market; effective June 8, 2023.
Gladstone Land announces 2023 annual meeting results: directors re-elected, auditor ratified
David Gladstone re-elected director with 16,567,309 votes for, 652,137 withheld (9,832,838 broker non-votes).
Gladstone Land Q1 AFFO $0.17, NAV $17.12; leases increase annual NOI 12.2%
Net loss to common stockholders $4.3M ($0.12/share) vs $2.7M ($0.08) YoY; total revenues $21.2M (+6.3%).
Director Terry L. Brubaker resigns from Gladstone Land board effective immediately
Terry L. Brubaker notified the company of his resignation from the board on April 14, 2023.
Agreed to sell up to $500M of common stock through at-the-market offerings with Virtu Americas and Ladenburg Thalmann.
Gladstone Land Q4 AFFO $0.19/share; FY2022 AFFO up 21.6% to $24.8M; net loss widens to $15.0M
Q4 net loss to common stockholders $4.8M ($0.14/share) vs $3.6M ($0.10) prior quarter; AFFO $6.8M ($0.19) vs $7.2M ($0.21).
Gladstone Land files for $200M public offering of 5.00% Series E Preferred Stock at $25/share
Up to 8M shares of Series E Cumulative Redeemable Preferred Stock offered at $25.00/share; $200M gross proceeds expected.
Gladstone Land Q3 AFFO up 60% to $0.21/share; net loss narrows to $0.10; distribution raised 0.44%
Total operating revenues $24.2M, up 19.3% QoQ; net loss to common stockholders $3.6M ($0.10 per share).
Gladstone Land elects Paula Novara to its Board of Directors
Paula Novara elected to Board, effective October 11, 2022, joining the 2025 class.
Gladstone Land reduces Series C Preferred Stock offering from $500M to $255M, to end by Dec 2022
Primary offering reduced from 20M shares ($500M) to 10.2M shares ($255M); DRIP limited to 200K shares.
Gladstone Land Q2 net loss per share $0.11; acquires $24.6M in farms; raises distribution
Net loss to common stockholders $3.9M ($0.11/share) vs $2.7M ($0.08) prior Q; AFFO $4.5M ($0.13) vs $6.4M ($0.19).
Gladstone Land stockholders elect directors and ratify auditor at 2022 annual meeting
Elected Terry L. Brubaker with 15,601,344 votes for, 1,547,349 withheld.
Gladstone Land Q1 net loss widens to $2.7M; NAV rises to $15.54
Net loss to common stockholders of $2.7M ($0.08/share) vs $1.4M ($0.04) prior quarter.
Gladstone Land Q4 AFFO $0.20/share, up 28% QoQ; full-year AFFO $0.67/share, up 42%
Q4 net loss to common $1.4M ($0.04/share); AFFO $6.7M ($0.20/share), up from $0.17 prior quarter.
Gladstone Land expands MetLife credit facility by $100M with new term note maturing 2032
New $100M term note added to existing MetLife Credit Facility; matures Jan 5, 2032.
Gladstone Land board member Caren Merrick resigns effective Jan 8, 2022
Caren Merrick resigned from the board of directors effective January 8, 2022.
Gladstone Land Q3 net income $1.5M, AFFO $0.17/share up 40.9% QoQ
Net income $1.5M vs prior Q loss $0.5M; net loss to common ($0.05)/share vs ($0.12).
Q2 net loss $531K, AFFO $0.13/share; acquired $79.7M in farms
Net loss of $531K vs prior-quarter net income of $554K; loss to common stockholders of $3.5M ($0.12/share).
Base Management Fee raised to 0.60% (0.15% quarterly) of prior quarter's Gross Tangible Real Estate, effective Q3 2021.
On November 13, 2024, Terry Lee Brubaker gave notice that he will be retiring as the Chief Operating Officer of Gladstone Land Corporation (the “Company”) effective December 2, 2024.
On August 22, 2024, Gladstone Land Corporation (the “Company”) announced the election of Katharine Cornell Gorka to its Board of Directors (the “Board”), effective August 22, 2024.
On April 14, 2023, Terry L. Brubaker notified Gladstone Land Corporation (the “Company”) that he is resigning from the Company’s board of directors, effective immediately.
On October 12, 2022, Gladstone Land Corporation (the “Company”) announced the election of Paula Novara to its Board of Directors (the “Board”), effective October 11, 2022.
On January 8, 2022, Caren Merrick notified Gladstone Land Corporation (the “Company”) that she is resigning from the board of directors of the Company effective immediately.
Max materiality 0.80 · Median 0.55 · Most common event earnings