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AI Earnings Predictions for Gladstone Land Corporation (LANDO)

Machine learning predictions based on historical earnings data and price patterns

Latest Prediction

SELL

1-Day Prediction

-1.09%

$21.12

0% positive prob.

5-Day Prediction

-2.32%

$20.85

0% positive prob.

20-Day Prediction

-1.12%

$21.11

0% positive prob.

Price at prediction: $21.35 Confidence: 100.0% Model AUC: 1.0000 Quarter: Q1 2026

Earnings Transcripts

SEC 8-K filings with transcript text

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2026
Q1

Q1 2026 Earnings

8-K SELL

May 11, 2026 · 100% conf.

AI Prediction SELL

1D

-1.09%

$21.12

Act: -0.82%

5D

-2.32%

$20.85

Act: -2.11%

20D

-1.12%

$21.11

Act: -2.62%

Price: $21.35 Prob +5D: 0% AUC: 1.000
0001495240-26-000017

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EXHIBIT 99.1

Gladstone Land Announces

First Quarter 2026 Results

Please note that the limited information that follows in this press release is a summary and is not adequate for making an informed investment decision.

McLean, VA, May 11, 2026: Gladstone Land Corporation (Nasdaq: LAND) (“Gladstone Land” or the “Company”) today reported financial results for the first quarter ended March 31, 2026. A description of funds from operations (“FFO”), core FFO (“CFFO”), and adjusted FFO (“AFFO”), all non-GAAP (generally accepted accounting principles in the United States) financial measures, appear at the end of this press release. All per-share references are to fully-diluted, weighted-average shares of common stock, unless noted otherwise.  For further detail, please refer to the Quarterly Report on Form 10-Q (the “Form 10-Q”), which is available on the Investors section of the Company’s website at www.GladstoneLand.com.

First Quarter 2026 Activity:

•Timing Shift in Earnings Recognition: For the 2026 crop year, three of our farms remain under modified lease agreements that include reduced or eliminated fixed base rent and, in some cases, provide cash lease incentives to tenants in exchange for significantly higher participation rent components. We also continue to operate two properties (consisting of four farms) under management agreements with third-party operators. Collectively, these properties are referred to as our “Repositioned Farms,” reflecting a temporary shift toward greater participation-based revenues. These arrangements result in a shift in the timing of revenue recognition and increase our reliance on participation rents, which are generally recognized once crop results are known, typically in the fourth quarter. Consequently, consistent with 2025, a substantial majority of our 2026 revenue and earnings is expected to be recognized in the fourth quarter.

•Portfolio Activity:

◦Participation Rents: Recorded approximately $4.9 million of participation rent revenue, compared to approximately $465,000 in the prior-year quarter, primarily due to a partial early bonus payment received from one of our processors related to the 2025 pistachio crop (the “Early 2025 Pistachio Bonus Payment”) on certain of our Repositioned Farms. Typically, this bonus payment would be received in late 2026 or early 2027; however, a portion was received early, with the remaining portion still expected to be paid on the normal schedule.

◦Crop Sales: Recorded net income from crop sales on direct-operated farms of approximately $1.9 million, primarily driven by the Early 2025 Pistachio Bonus Payment.

•Debt Activity:

◦Redemption of Series D Term Preferred Stock: Redeemed all outstanding shares of our 5.00% Series D Cumulative Term Preferred Stock (the “Series D Term Preferred Stock”) for approximately $60.6 million, including accrued dividends.

◦Interest Patronage: Recorded approximately $1.4 million of interest patronage, or refunded interest, related to our 2025 borrowings from various Farm Credit associations. Total 2025 interest patronage resulted in a 21.0% reduction (approximately 95 basis points) to the interest rate on such borrowings.

•Equity Activity:

◦Common Stock— ATM Program: Sold 3,744,263 shares of our common stock for net proceeds of approximately $36.7 million under our "at-the-market" sales program (the “ATM Program”).

◦Repurchase Program: Repurchased a total of 123,897 shares of our 6.00% Series B Cumulative Redeemable Preferred Stock (the “Series B Preferred Stock”) and our 6.00% Series C Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock”) at an average repurchase price of $19.92 per share for a total gain on repurchase of approximately $325,000.

•Paid Distributions: Paid monthly cash distributions totaling $0.1401 per share of common stock during the quarter ended March 31, 2026.

First Quarter 2026 Results:

Net loss for the quarter was approximately $4.3 million, compared to net income of approximately $15.1 million in the prior-year quarter. Net loss attributable to common stockholders during the quarter was approximately $10.0 million, or $0.24 per share, compared to net income attributable to common stockholders of approximately $9.1 million, or $0.25 per share, in the prior-year quarter. AFFO for the quarter was approximately $3.1 million, or $0.08 per share, compared to approximately $2.0 million, or $0.06 per share, in the prior-year quarter. Common stock dividends declared were approximately $0.14 per share for both periods.

Total cash lease revenues decreased by approximately $351,000, primarily due to a $2.4 million reduction in fixed base cash rents resulting from lost revenues associated with farms sold over the past year and farms that were either placed on non-accrual status, transitioned to direct operations, or remain vacant, as well as a termination fee of approximately $2.4 million

2025
Q4

Q4 2025 Earnings

8-K

Feb 24, 2026

0001495240-26-000008

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EXHIBIT 99.1

Gladstone Land Announces

Fourth Quarter and Year Ended 2025 Results

Please note that the limited information that follows in this press release is a summary and is not adequate for making an informed investment decision.

McLean, VA, February 24, 2026: Gladstone Land Corporation (Nasdaq: LAND) (“Gladstone Land” or the “Company”) today reported financial results for the fourth quarter and year ended December 31, 2025. A description of funds from operations (“FFO”), core FFO (“CFFO”), and adjusted FFO (“AFFO”), all non-GAAP (generally accepted accounting principles in the United States) financial measures, appear at the end of this press release. All per-share references are to fully-diluted, weighted-average shares of common stock, unless noted otherwise.  For further detail, please refer to the Annual Report on Form 10-K (the “Form 10-K”), which is available on the Investors section of the Company’s website at www.GladstoneLand.com.

Highlights for Fiscal Year 2025:

•Timing Shift in Earnings Recognition: For the 2025 crop year, we modified lease agreements on six of our farms by reducing or eliminating fixed base rent and, in some cases, providing cash lease incentives to tenants in exchange for significantly increasing the participation rent components. We also operated two properties (encompassing four farms) under management agreements with third-party operators. Collectively, these properties are referred to as our “Repositioned Farms,” reflecting a temporary shift toward greater participation-based revenues. As a result, fixed base rent revenue was significantly lower throughout the year, while participation rent was considerably higher. This change resulted in a shift in the timing of revenue recognition and increased our reliance on participation rents, which are generally recognized once crop results are known, typically in the fourth quarter. Consequently, the majority of our revenue and annual earnings for 2025 was recognized in the fourth quarter. We expect to follow a similar revenue recognition pattern for 2026.

•Portfolio Activity:

◦Property Sales: Sold 13 farms totaling 12,502 gross acres for approximately $95.4 million, resulting in an aggregate net gain of approximately $21.3 million.

◦Lease Activity: Executed 14 amended or new lease agreements during the year as follows:

▪On annual row crop farms, we renewed or amended five different leases that are expected to result in an aggregate increase in annual net operating income of approximately $546,000 over the prior leases.

▪On permanent crop farms, we executed nine amended or new leases that are expected to result in an aggregate decrease in annual net operating income of approximately $1.1 million from the prior leases (excluding the impact of participation rents).

◦Participation Rents: Recorded approximately $20.0 million of revenue from participation rents, compared to approximately $9.4 million in the prior year.

◦Crop Sales: Completed our first harvest on a 2,409-acre property, including 2,293 acres of bearing almond and pistachio orchards (encompassing three farms included within the Repositioned Farms noted above). During the fourth quarter, we recorded approximately $12.2 million of revenue from crop sales and approximately $9.6 million of cost of sales, resulting in net income of approximately $2.6 million. We expect to recognize additional revenue related to the 2025 pistachio harvest as the marketing bonuses are settled later in 2026.

◦California Water Activity: Purchased 1,530 gross acre-feet of water at a total cost of approximately $583,000, or approximately $381 per gross acre-foot.

•Debt Activity:

◦Loan Refinancing: Secured a new $10.6 million loan bearing interest at 6.31% (fixed for three years).

◦Loan Repayments: Repaid $44.2 million of loans that bore interest at a stated rate of 4.68%.

◦Interest Patronage: Recorded approximately $1.7 million of interest patronage, or refunded interest, related to our 2024 borrowings from various Farm Credit associations. Total 2024 interest patronage resulted in a 21.9% reduction (approximately 101 basis points) to the interest rate of such borrowings.

•Equity Activity—Common Stock— ATM Program: Sold approximately 1.8 million shares of our common stock for net proceeds of approximately $16.9 million under our "at-the-market" program (the “ATM Program”).

•Paid Distributions: Paid monthly cash distributions totaling $0.1401 per share of common stock during the quarter ended December 31, 2025.

Fourth Quarter 2025 Results:

Net income for the quarter was approximately $4.2 million, compared to approximately $0.5 million in the prior-year quarter. Net loss attributable to common stockholders during the quarter was approximately $1.8 million, or $0.05 per share, compared to approximately $5.5 million, or $0.15 per share, in the prior-year quarter. AFFO for the quarter was approxim

2025
Q3

Q3 2025 Earnings

8-K

Nov 5, 2025

0001495240-25-000030

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EXHIBIT 99.1

Gladstone Land Announces

Third Quarter 2025 Results

Please note that the limited information that follows in this press release is a summary and is not adequate for making an informed investment decision.

McLean, VA, November 5, 2025: Gladstone Land Corporation (Nasdaq: LAND) (“Gladstone Land” or the “Company”) today reported financial results for the third quarter and year ended September 30, 2025. A description of funds from operations (“FFO”), core FFO (“CFFO”), and adjusted FFO (“AFFO”), all non-GAAP (generally accepted accounting principles in the United States) financial measures, appear at the end of this press release. All per-share references are to fully-diluted, weighted-average shares of common stock, unless noted otherwise.  For further detail, please refer to the Quarterly Report on Form 10-Q (the “Form 10-Q”), which is available on the Investors section of the Company’s website at www.GladstoneLand.com.

Third Quarter 2025 Activity:

•Timing Shift in Earnings Recognition: For the 2025 crop year, we modified lease agreements on six of our farms by reducing or eliminating fixed base rent amounts and, in some cases, providing cash lease incentives to certain tenants in exchange for significantly increasing the participation rent components. We are also operating two properties (encompassing four farms) under management agreements with third-party operators. Collectively, these eight properties (totaling ten farms) are referred to as our “Repositioned Farms,” reflecting a temporary shift toward greater participation-based revenues. As a result, revenues from fixed base rents are expected to be significantly lower throughout the year, while participation rents are anticipated to be considerably higher. This change will delay the timing of revenue recognition and increase our reliance on participation rents, which are typically recognized once crop results are known, generally in the fourth quarter. Consequently, we expect the majority of our revenue and annual earnings for 2025 to be recognized in the fourth quarter.

•Portfolio Activity:

◦Property Sales: Sold two farms in Florida totaling 2,678 gross acres for $21.5 million, representing a 36% premium over the original purchase price and resulting in a net gain of approximately $6.0 million.

◦California Water Activity: Purchased 1,530 gross acre-feet of water at a total cost of approximately $583,000, or approximately $381 per gross acre-foot.

•Debt Activity—Loan Repayment: Repaid a $10.4 million maturing bond that bore interest at a stated rate of 4.45%.

•Equity Activity—Common Stock— ATM Program: Sold 122,743 shares of our common stock for net proceeds of approximately $1.1 million under our "at-the-market" program (the “ATM Program”).

•Paid Distributions: Paid monthly cash distributions totaling $0.1401 per share of common stock during the quarter ended September 30, 2025.

Third Quarter 2025 Results:

Net income for the quarter was approximately $2.1 million, compared to approximately $6,000 in the prior-year quarter. Net loss attributable to common stockholders during the quarter was approximately $3.9 million, or $0.11 per share, compared to approximately $5.8 million, or $0.16 per share, in the prior-year quarter. AFFO for the quarter was approximately $1.4 million, or $0.04 per share, compared to approximately $4.5 million, or $0.13 per share, in the prior-year quarter. Common stock dividends declared were approximately $0.14 per share for both periods.

Total cash lease revenues decreased, primarily due to a $5.4 million reduction in fixed base cash rents. This decrease was largely driven by recent modifications to lease agreements on the Repositioned Farms and by ongoing vacancy and tenancy challenges. Participation rents increased by approximately $1.9 million, primarily due to the

accelerated recognition of certain revenue amounts in the current year, as additional information became available earlier than usual, along with improved year-over-year pistachio pricing.

Aggregate related-party fees decreased by approximately $111,000 during the current quarter, primarily due to a lower base management fee resulting from farm sales over the past year. Excluding related-party fees, cash operating expenses decreased by approximately $30,000, driven by lower general and administrative costs, particularly reduced professional fees. These savings were partially offset by higher property operating expenses associated with farms that were vacant, direct-operated, or on non-accrual status, including increased property taxes and insurance premiums. Interest expense also declined as a result of debt repayments made over the past year.

Cash flows from operations for the current quarter decreased by approximately $10.7 million compared to the prior-year quarter, primarily due to lower cash receipts from fixed lease payments following the sale of nin

About Gladstone Land Corporation (LANDO) Earnings

This page provides Gladstone Land Corporation (LANDO) earnings call transcripts from SEC 8-K filings along with AI-powered predictions for post-earnings price movements. Our machine learning models analyze historical earnings data, pre-earnings price patterns, volume changes, and volatility to predict 1-day, 5-day, and 20-day returns after each earnings release.

Earnings transcripts are sourced directly from SEC EDGAR filings. Predictions are generated using gradient boosting models trained on LANDO's historical earnings reactions. All predicted returns are shown as percentages, and predicted prices are calculated from the closing price at the time of prediction. Past performance does not guarantee future results.

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