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 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 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 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 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).
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 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 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).
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.
Max materiality 0.80 · Median 0.55 · Most common event earnings