Gladstone Land Q2 net loss widens to $8.5M on $4.2M impairment; revenue up 3.2%
Gladstone Land reported a second-quarter 2026 net loss of $8.5 million, wider than the $7.9 million loss a year earlier, after a non-cash impairment charge of about $4.2 million on four Arizona farms. Total operating revenues rose 3.2% to $12.7 million, and the loss attributable to common stockholders narrowed to $0.32 per share from $0.38. The company said a substantial majority of its 2026 revenue is expected in the fourth quarter, when participation rents are generally recognized.
Key points
- Total operating revenues were $12.7 million, up from $12.3 million, a 3.2% increase.
- Net loss attributable to common stockholders was $13.5 million, or $0.32 per share, versus $13.9 million, or $0.38 per share, a year earlier.
- AFFO was a loss of $1.6 million, or $0.04 per share, compared with a loss of $3.5 million, or $0.10 per share, in the prior-year quarter.
- Monthly common distributions declared were $0.0467 per share for each of July, August and September, totaling $0.1401 for the quarter.
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 11, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.