)

Gladstone Land (LAND) investor relations material
Gladstone Land Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Lease modifications shifted revenue from fixed base rents to participation rents, delaying recognition until crop sales and increasing exposure to crop performance and market prices.
Net loss attributable to common stockholders was $13.9 million ($0.38/share) for Q2 2025, compared to a $6.7 million loss in Q2 2024.
No new farm acquisitions in 2025; focus on optimizing existing assets, with several farm sales generating $15.7 million net gain in H1 2025.
Portfolio size, occupancy, and cash flows declined year-over-year, with occupancy at 95.9% and 150 farms owned as of June 30, 2025.
Water security improved through infrastructure investment and water purchases, positioning the portfolio for future droughts.
Financial highlights
Q2 2025 total operating revenues fell 42.3% year-over-year to $12.3 million, with net loss to common shareholders of $13.9 million.
AFFO per share was $(0.10) for Q2 2025, down from $0.10 in Q2 2024; FFO per share was $(0.09) for Q2 2025.
Cash flows from operations for H1 2025 were $8.4 million, down from $19.3 million year-over-year.
Dividends declared per common share remained at $0.14 for Q2 2025.
Total indebtedness decreased 8.7% year-over-year to $558.9 million.
Outlook and guidance
Majority of participation rent revenue from modified leases expected to be recognized in Q4 2025 and into 2025.
Lease changes anticipated to reduce fixed base rents by $17 million in 2025, shifting revenue to participation rents.
Management may consider asset sales if satisfactory lease terms are not reached.
Maintaining current dividend level, with reevaluation planned after 2025 harvest results.
Market trends for pistachios and almonds are positive, supporting future participation rent income.
Next Gladstone Land earnings date

Next Gladstone Land earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage