For the quarter ending 2026-03-31, LAND made $16,552,000 in revenue. -$9,985,000 in net income. Net profit margin of -60.33%.
| Income Statement | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Total operating revenues | 16,552,000 | 41,454,000 | 17,785,000 | 12,296,000 |
| Depreciation and amortization | 10,370,000 | 9,351,000 | 8,395,000 | 8,374,000 |
| Property operating expenses | 2,117,000 | 2,943,000 | 1,383,000 | 1,242,000 |
| Cost of sales | -158,000 | 2,397,000* | - | - |
| Base management fee | 1,945,000 | 1,967,000 | 1,992,000 | 1,990,000 |
| Incentive fee | - | 2,723,000* | 0 | - |
| Capital gains fee | 0 | - | - | -188,000 |
| Administration fee | 720,000 | 753,000 | 650,000 | 572,000 |
| General and administrative expenses | 723,000 | 585,000 | 556,000 | 520,000 |
| Write-off of costs associated with offering of series e cumulative redeemable preferred stock | - | 136,750* | - | - |
| Impairment charge | 884,000 | 11,206,250* | 316,000 | - |
| Total operating expenses | 16,601,000 | 32,062,000* | 13,292,000 | - |
| Incentive fee waiver | - | 2,723,000* | 0 | - |
| Total operating expenses, net of credits to fees | - | 29,339,000 | 13,292,000 | 12,510,000 |
| Other income | 1,455,000 | 210,000 | 79,000 | 267,000 |
| Interest expense | 4,725,000 | 5,021,000 | 4,850,000 | 4,976,000 |
| Dividends declared on cumulative term preferred stock | 243,000 | 754,000 | 755,000 | 755,000 |
| (gain) loss on dispositions of real estate assets, net | -459,000 | -2,441,000 | 3,062,000 | -2,149,000 |
| Property and casualty (loss) recovery, net | -93,000 | 0 | 0 | 0 |
| Gain from investments in unconsolidated entities | -191,000 | 103,000 | 58,000 | -51,000 |
| Total other (expense) income, net | -4,256,000 | -7,903,000 | -2,406,000 | -7,664,000 |
| Net (loss) income | -4,305,000 | 4,212,000 | 2,087,000 | -7,878,000 |
| Dividends declared on cumulative redeemable preferred stock | 5,988,000 | 6,002,000 | 6,002,000 | 6,002,000 |
| Gain on extinguishment of cumulative redeemable preferred stock, net | -308,000 | 5,000 | 0 | 0 |
| Net (loss) income attributable to common stockholders | -9,985,000 | -1,795,000 | -3,915,000 | -13,880,000 |
| Basic EPS | -0.24 | -0.048 | -0.11 | -0.38 |
| Diluted EPS | -0.24 | -0.048 | -0.11 | -0.38 |
| Basic Average Shares | 40,856,330 | 37,466,675 | 36,190,889 | 36,184,658 |
| Diluted Average Shares | 40,856,330 | 37,466,675 | 36,190,889 | 36,184,658 |
GLADSTONE LAND Corp (LAND)
GLADSTONE LAND Corp (LAND)