Gladstone Land reported FY 2025 net income of USD 13.5 million (+1.8%) and net loss attributable to common stockholders of USD 10.5 million. Total lease revenue was USD 76.1 million (-10.2%), including fixed lease payments of USD 51.2 million (-30.8%) and participation rents of USD 20.0 million (up 2.1x). Operating income was USD 20.1 million (-31.4%), with depreciation and amortization of USD 34.5 million (-1.4%), property operating expenses of USD 6.7 million (+25.5%), and an impairment charge of USD 3.9 million (up 86.2%). Interest expense was USD 20.0 million (-8.5%). The company posted gains on real estate dispositions of USD 13.9 million (up 135.8%). FFO available to common stockholders was USD 14.2 million, or USD 0.39 per share; AFFO was USD 14.4 million, or USD 0.39 per share. Distributions declared were USD 0.56 per common share for FY 2025. Business updates included crop sales from a direct-operated Kern County, California property: crop sales revenue of USD 12.2 million with cost of sales of USD 9.6 million. Gladstone Land sold 13 farms in FY 2025 for net proceeds of about USD 91.3 million, including Florida and Nebraska sales earlier in the year and Colorado and North Carolina sales in December. It also recorded FY 2025 impairments on a property in St. Lucie County, Florida and a farm in Santa Barbara County, California. As of February 24, 2026, Gladstone Land owned 144 farms totaling 98,688 acres across 14 states plus 55,532 acre-feet of California water assets, with a 95.0% occupancy rate and a 4.7-year weighted-average remaining agricultural lease term. The company reported available liquidity of about USD 86.4 million and said 97.9% of borrowings were at fixed rates, with an expected weighted-average effective interest rate of 3.39% over a remaining fixed-price term of 2.7 years.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Gladstone Land Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001495240-26-000007), on February 24, 2026, and is solely responsible for the information contained therein.
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