<span item_type="fundamental" item_id="13aacbf8b36a1fa477532691242a75be" counter_id="ST/US/LANDM" env="prod"></span><span item_type="announcement" item_id="546907555704015361" env="prod"></span><p>Revenue: As of FY2025 Q2, the actual value is USD 12.3 M.</p><p>EPS: As of FY2025 Q2, the actual value is USD -0.38.</p><p></p><h3>Net Loss</h3><ul><li>Net loss for the second quarter of 2025 was approximately $7.9 million, compared to approximately $823,000 in the prior-year quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1495240/000149524025000023/land_6302025x8kxexhx991.htm"></span></li><li>Net loss attributable to common stockholders was approximately $13.9 million, or $0.38 per share, compared to approximately $6.7 million, or $0.19 per share, in the prior-year quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1495240/000149524025000023/land_6302025x8kxexhx991.htm"></span></li></ul><h3>Adjusted Funds from Operations (AFFO)</h3><ul><li>AFFO for the quarter was approximately - $3.5 million, or - $0.10 per share, compared to approximately $3.7 million, or $0.10 per share, in the prior-year quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1495240/000149524025000023/land_6302025x8kxexhx991.htm"></span></li></ul><h3>Operating Revenues and Expenses</h3><ul><li>Total operating revenues were $12.3 million, a decrease of 42.3% from $21.3 million in the prior-year quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1495240/000149524025000023/land_6302025x8kxexhx991.htm"></span></li><li>Total operating expenses were $12.5 million, a decrease of 6.9% from $13.4 million in the prior-year quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1495240/000149524025000023/land_6302025x8kxexhx991.htm"></span></li></ul><h3>Cash Flow</h3><ul><li>Cash flows from operations for the current quarter decreased by approximately $12.0 million compared to the prior-year quarter, primarily due to a reduction in cash received from fixed lease payments.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1495240/000149524025000023/land_6302025x8kxexhx991.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li>Total cash lease revenues decreased, primarily due to a $6.8 million reduction in fixed base cash rents.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1495240/000149524025000023/land_6302025x8kxexhx991.htm"></span></li><li>Participation rents decreased by approximately $975,000, primarily due to the accelerated recognition of certain revenue amounts in the prior year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1495240/000149524025000023/land_6302025x8kxexhx991.htm"></span></li></ul><h3>Outlook / Guidance</h3><ul><li>The company expects the majority of its revenue and annual earnings for 2025 to be recognized in the fourth quarter due to a shift in lease agreements towards participation rents.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1495240/000149524025000023/land_6302025x8kxexhx991.htm"></span></li><li>Market trends for pistachios and almonds, the crops to which the company is most exposed, appear to be mostly positive, with pistachio prices holding steady and almond prices rebounding.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1495240/000149524025000023/land_6302025x8kxexhx991.htm"></span></li><li>The company remains focused on enhancing long-term farm viability by acquiring additional water resources at below-market prices.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1495240/000149524025000023/land_6302025x8kxexhx991.htm"></span></li></ul>

Gladstone Land Corp Pref Share LAND 5.0 01/31/26 D | 8-K: FY2025 Q2 Revenue: USD 12.3 M