GLADSTONE LAND Corp (LAND) Form 8-K — May 11, 2026
Gladstone Land Corporation reported a net loss of $4.3 million for the first quarter of 2026, a significant decline from the $15.1 million net income in the prior-year quarter. This represents a 128.5% decrease in net income, primarily due to a shift in revenue recognition from participation rents and crop sales. The company recorded approximately $4.9 million in participation rent revenue, a substantial increase from $465,000 in the prior-year quarter, driven by an early bonus payment from a processor related to the 2025 pistachio crop. This early payment is expected to be followed by additional revenue later in 2026.
Key figures
- Eps Beat
- 0
- Revenue
- 16552
- Total Debt
- 486030000
- Debt Amount
- 486030000
- Total Assets
- 1203712000
- Cash Position
- 0
- Deal Value Usd
- 0
- Interest Rate
- 0
- Maturity Date
- 2030-04-01
- Gross Proceeds
- 36700000
- Offering Price
- 0
- Shares Offered
- 3744263
- Shares Outstanding
- 41759181
- FFO
- 1787000
- AFFO
- 3104000
- CFFO
- 1943000
- Repurchase gain
- 325000
- Dividends declared
- 0.14
- Repurchased shares
- 123897
- Crop sales net income
- 1900000
- Participation rent revenue
- 4900000
Price after filing
Close on the filing date to close N calendar days later (from $9.44). Historical, not a forecast.
AI analysis
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