Earnings ·
Gladstone Land reports Q3 net income of $11M and AFFO of $0.35 per share
LANDGLADSTONE LAND Corp
Gladstone Land Corporation reported third-quarter 2026 net income of approximately $11 million, or $0.14 per share, compared to a loss in the prior-year period. Adjusted funds from operations (AFFO) reached $15.1 million, or $0.35 per share, driven by an $11.4 million increase in participation rents and strong pricing for pistachios and almonds. The company also sold two Florida farms for approximately $3.2 million, repaid $5.2 million in debt, and issued 156,273 common shares under its ATM program. Additionally, Gladstone Land declared monthly distributions of $0.0467 per share for October through December. The company is a publicly traded real estate investment trust that owns farmland and farm-related properties located in major agricultural markets in the U.S.