<span item_type="fundamental" item_id="bf234c41cbca39274b847c2ef929e001" counter_id="ST/US/LANDM" env="prod"></span><span item_type="announcement" item_id="579536398022806017" env="prod"></span><p>Revenue: As of FY2025 Q3, the actual value is USD 17.79 M.</p><p>EPS: As of FY2025 Q3, the actual value is USD -0.108.</p><p></p><h3>Segment Revenue</h3><p>Total operating revenues for the quarter ended September 30, 2025, were $17,785,000, a decrease of $4,786,000 or 21.2% compared to the prior-year quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1495240/000149524025000030/land_9302025x8kxexhx991.htm"></span></p><h3>Operational Metrics</h3><p>Net income for the quarter was $2,087,000, compared to $6,000 in the prior-year quarter, representing a significant increase of 34,683.3%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1495240/000149524025000030/land_9302025x8kxexhx991.htm"></span> Net loss attributable to common stockholders was - $3,915,000, compared to - $5,787,000 in the prior-year quarter, a decrease of 32.3%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1495240/000149524025000030/land_9302025x8kxexhx991.htm"></span> AFFO available to common stockholders was $1,410,000, a decrease of $3,116,000 or 68.8% compared to the prior-year quarter.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1495240/000149524025000030/land_9302025x8kxexhx991.htm"></span></p><h3>Cash Flow</h3><p>Cash flows from operations for the quarter were - $12,036,000, compared to - $1,367,000 in the prior-year quarter, an increase of 780.5%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1495240/000149524025000030/land_9302025x8kxexhx991.htm"></span></p><h3>Unique Metrics</h3><p>Participation rents increased by approximately $1.9 million, primarily due to accelerated recognition of certain revenue amounts and improved pistachio pricing year-over-year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1495240/000149524025000030/land_9302025x8kxexhx991.htm"></span></p><h3>Outlook / Guidance</h3><p>The company expects the majority of its revenue and annual earnings for 2025 to be recognized in the fourth quarter due to the timing shift in earnings recognition from participation rents.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1495240/000149524025000030/land_9302025x8kxexhx991.htm"></span> Market trends for pistachios and almonds remain favorable, with average pricing up approximately 15% and 24%, respectively, year over year.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1495240/000149524025000030/land_9302025x8kxexhx991.htm"></span> The company is focused on enhancing long-term farm viability by acquiring additional water resources at below-market prices to strengthen water security for its farms and growers.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1495240/000149524025000030/land_9302025x8kxexhx991.htm"></span></p>

Gladstone Land Corp Pref Share LAND 5.0 01/31/26 D | 8-K: FY2025 Q3 Revenue: USD 17.79 M