Gladstone Land Announces First Quarter 2026 Results
Gladstone Land reported a net loss of $4.3 million for Q1 2026, compared to a net income of $15.1 million in the prior-year quarter. AFFO for the quarter was $3.1 million, or $0.08 per share, up from $2.0 million, or $0.06 per share, in the prior-year quarter. The company recorded $4.9 million in participation rent revenue, a significant increase from $465,000 in the prior-year quarter, primarily due to an early bonus payment from the 2025 pistachio crop.
Key figures
- Eps Beat
- 0
- Revenue
- 16552000
- Revenue Yoy
- -1.5%
- Deal Value Usd
- 37000000
- Offering Price
- 0
- Shares Offered
- 3744263
- Crop sales
- 1900000
- Acres owned
- 98688
- Farms owned
- 144
- Total assets
- 1203712000
- Total equity
- 688325000
- Water assets
- 55649
- Occupancy rate
- 94.9%
- Repurchase gain
- 325000
- Interest patronage
- 1400000
- Participation rent
- 4900000
- Total indebtedness
- 486030000
- Net proceeds atm program
- 36700000
- Redemption series d stock
- 60600000
- Cash flows from operations
- 9295000
AI analysis
Red flags2 · Pro
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.