---
title: "Gladstone Land Corp Pref Share LAND 5.0 01/31/26 D | 8-K: FY2025 Q2 Revenue: USD 12.3 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/252098856.md"
datetime: "2025-08-07T20:16:36.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/252098856.md)
  - [en](https://longbridge.com/en/news/252098856.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/252098856.md)
---

# Gladstone Land Corp Pref Share LAND 5.0 01/31/26 D | 8-K: 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.

### Net Loss

-   Net loss for the second quarter of 2025 was approximately $7.9 million, compared to approximately $823,000 in the prior-year quarter.
-   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.

### Adjusted Funds from Operations (AFFO)

-   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.

### Operating Revenues and Expenses

-   Total operating revenues were $12.3 million, a decrease of 42.3% from $21.3 million in the prior-year quarter.
-   Total operating expenses were $12.5 million, a decrease of 6.9% from $13.4 million in the prior-year quarter.

### Cash Flow

-   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.

### Unique Metrics

-   Total cash lease revenues decreased, primarily due to a $6.8 million reduction in fixed base cash rents.
-   Participation rents decreased by approximately $975,000, primarily due to the accelerated recognition of certain revenue amounts in the prior year.

### Outlook / Guidance

-   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.
-   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.
-   The company remains focused on enhancing long-term farm viability by acquiring additional water resources at below-market prices.

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- [LANDM.US](https://longbridge.com/en/quote/LANDM.US.md)

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