GLADSTONE LAND Corp (LAND) Form 8-K — Aug 11, 2026
Gladstone Land Corporation reported second quarter 2026 results on August 11, 2026, posting a net loss of approximately $8.5 million versus roughly $7.9 million a year earlier, with the loss attributable to common stockholders at $13.5 million, or $0.32 per share, versus $0.38 per share in the prior-year quarter. Cash-basis profitability improved sharply: AFFO available to common stockholders was $(1.6) million, or $(0.04) per share, versus $(3.5) million, or $(0.10) per share, in the prior-year quarter, while total operating revenues rose 3.2% to $12.7 million and operating cash flow increased by about $16.0 million.
Key figures
- Revenue
- 12692000
- Guidance
- Substantial majority of 2026 revenue and earnings expected to be recognized in the fourth quarter due to participation-rent timing on Repositioned Farms.
- Total Debt
- 487766000
- Debt Amount
- 37000000
- Revenue Yoy
- 3.2%
- Total Assets
- 1192196000
- Maturity Date
- April 1, 2030
- Shares Outstanding
- 43136573
- Acres owned
- 98688
- Farms owned
- 144
- Total equity
- 673111000
- Occupancy rate
- 95.4%
- Atm shares sold
- 1377392
- Atm net proceeds
- 14100000
- Impairment charge
- 4200000
- Almond price trend
- generally 15% to 20% higher than a year ago
- Impairment subject
- four farms in Arizona
- Fixed rate debt pct
- ~96% of outstanding debt at fixed rates
- Q2 lease noi impact
- -$931,000 annual NOI from seven amended/new leases
- Subsequent farm sale
- two Florida farms, 617 gross acres, ~$3.2 million, net loss ~$159,000
- Share count change yoy
- +18.6%
- Water assets acre feet
- 55649
- Unencumbered properties
- >$110 million
- Weighted diluted shares
- 42911176
- Preferred repurchases q2
- 419,313 shares at avg $20.61; gain ~$806,000
- Pistachio base price 2026
- $2.50/lb split in-shell (+67% vs 2025 initial base price)
- Cash flows from operations
- 19931000
- Operating cash flow change
- +$16.0 million (+404.7%) vs prior-year quarter
- Subsequent lease noi impact
- +$297,000 annual NOI (+16.5%) from seven amended/new leases
- Immediately available capital
- >$120 million
- Preferred repurchases subsequent
- 214,160 shares at avg $21.07; gain ~$307,000
- Quarterly distribution per share
- 0.1401
Price after filing
Close on the filing date to close N calendar days later (from $8.34). Historical, not a forecast.
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