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 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).
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 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.
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%).
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 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 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 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 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).
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