Here are the 10-Q quarterly reports from Gladstone Land Corporation 5.00% Series D Cumulative Term Preferred Stock (LANDM) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow LANDM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LANDM filings page.
Gladstone Land Corporation reported a weaker quarter, moving to a loss. For the three months ended March 31, 2026, total operating revenues were $16.6 million, essentially flat with $16.8 million a year earlier, but lease revenue declined to $14.8 million from $16.8 million as several leases shifted to cash-basis accounting and prior-year results included a sizable lease termination fee.
Operating expenses rose to $16.6 million from $13.1 million, driven by higher depreciation and an $0.9 million impairment charge on a Florida property. Other income swung from a $11.4 million benefit to a $4.3 million expense as there were no repeat gains on farm sales. As a result, net loss attributable to common stockholders was $10.0 million, versus net income of $9.1 million in the prior-year quarter, and basic and diluted EPS moved to a loss of $0.24 from earnings of $0.25.
Despite the loss, cash flow from operating activities improved to $9.3 million from $4.5 million, helped by non-cash charges and working-capital changes. The company ended the quarter with $1.20 billion in total assets, $515.4 million of liabilities, and $688.3 million of equity, and held 144 farms totaling 98,688 acres across 14 states and 55,649 acre-feet of water assets in California.