Gladstone Land Pref Share LANDO 6 Perp 06/01/22 B | 8-K: FY2025 Q3 Revenue: USD 17.79 M

Revenue: As of FY2025 Q3, the actual value is USD 17.79 M.

EPS: As of FY2025 Q3, the actual value is USD -0.108.

EBIT: As of FY2025 Q3, the actual value is USD 4.493 M.

Segment Revenue

• Total operating revenues for the third quarter of 2025 were $17.8 million, a decrease of 21.2% from $22.6 million in the same quarter of 2024.

Operational Metrics

• Net income for the quarter was $2.1 million, compared to $6,000 in the prior-year quarter, marking a significant increase.
• Net loss attributable to common stockholders was - $3.9 million, or - $0.11 per share, compared to - $5.8 million, or - $0.16 per share, in the prior-year quarter.
• Adjusted Funds from Operations (AFFO) for the quarter was $1.4 million, or $0.04 per share, compared to $4.5 million, or $0.13 per share, in the prior-year quarter.

Cash Flow

• Cash flows from operations for the current quarter were - $12.0 million, a decrease of $10.7 million compared to the prior-year quarter.

Unique Metrics

• Participation rents increased by approximately $1.9 million, primarily due to accelerated recognition of certain revenue amounts and improved pistachio pricing.

Outlook / Guidance

• The company expects the majority of its revenue and annual earnings for 2025 to be recognized in the fourth quarter due to changes in lease agreements that emphasize participation rents. Initial reports from the harvest season have been positive, with favorable market trends for pistachios and almonds, showing year-over-year price increases of approximately 15% and 24%, respectively. The company aims to return to standard lease structures with fixed base rents and is considering selling certain farms if satisfactory lease terms cannot be reached.