Gladstone Land Pref Share LANDO 6 Perp 06/01/22 B | 10-Q: FY2025 Q2 Revenue: USD 12.3 M

Revenue: As of FY2025 Q2, the actual value is USD 12.3 M.

EPS: As of FY2025 Q2, the actual value is USD -0.38.

Segment Revenue

• Lease Revenue: For the three months ended June 30, 2025, lease revenue was $12,296 thousand, a decrease from $21,270 thousand for the same period in 2024. For the six months ended June 30, 2025, lease revenue was $29,098 thousand, down from $41,096 thousand in 2024.

Operational Metrics

• Net Income: Net loss for the three months ended June 30, 2025, was $7,878 thousand, compared to a net loss of $823 thousand for the same period in 2024. For the six months ended June 30, 2025, net income was $7,230 thousand, compared to $12,744 thousand in 2024.
• Depreciation and Amortization: Depreciation and amortization for the three months ended June 30, 2025, was $8,374 thousand, compared to $8,813 thousand in 2024. For the six months ended June 30, 2025, it was $16,803 thousand, compared to $17,602 thousand in 2024.
• Operating Expenses: Total operating expenses for the three months ended June 30, 2025, were $12,510 thousand, compared to $13,433 thousand in 2024. For the six months ended June 30, 2025, operating expenses were $25,637 thousand, compared to $26,424 thousand in 2024.

Cash Flow

• Operating Cash Flow: Net cash provided by operating activities for the six months ended June 30, 2025, was $8,416 thousand, compared to $19,333 thousand in 2024.
• Investing Cash Flow: Net cash provided by investing activities for the six months ended June 30, 2025, was $57,395 thousand, compared to $61,678 thousand in 2024.
• Financing Cash Flow: Net cash used in financing activities for the six months ended June 30, 2025, was $53,605 thousand, compared to $49,825 thousand in 2024.

Unique Metrics

• Lease Termination Income: During the six months ended June 30, 2025, lease termination income was $2,380 thousand.

Future Outlook and Strategy

• Core Business Focus: The company plans to continue focusing on owning and leasing farmland, with an emphasis on diversifying geographically and maintaining high occupancy rates. The company is actively seeking acquisitions of additional farms and farm-related assets that satisfy its investment criteria.
• Non-Core Business: The company is exploring options with certain lease expirations, including negotiating lease terms with existing and prospective new tenants and discussing sale options with prospective buyers.