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Gladstone Land Q1 2026 net loss widens to $4.31 million; lease revenue falls 12% to $14.8 million

PUBT·05/11/2026 20:15:24
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Gladstone Land Q1 2026 net loss widens to $4.31 million; lease revenue falls 12% to $14.8 million
  • Gladstone Land posted a net loss of USD 4.31 million, swinging from profit, while operating income swung to a loss of USD 49,000.
  • Lease revenue fell 12% to USD 14.8 million, as fixed lease payments dropped 31.4% to USD 9.56 million.
  • Participation rents climbed to USD 4.87 million from USD 465,000, driven by a grower partner bonus tied to the 2025 pistachio crop.
  • Property operating expenses jumped 87.7% to USD 2.12 million, while depreciation and amortization rose 23% to USD 10.37 million.
  • Redeemed all outstanding 5.00% Series D Cumulative Term Preferred Stock for about USD 60.6 million, while launching a new USD 37 million revolving Farm Credit Facility maturing April 1, 2030 with no borrowings outstanding.


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: 0001495240-26-000016), on May 11, 2026, and is solely responsible for the information contained therein.