Gladstone Land Corp Pref Share LAND 5.0 01/31/26 D | 10-Q: FY2025 Q1 Revenue: USD 16.8 M

Revenue: As of FY2025 Q1, the actual value is USD 16.8 M.

EPS: As of FY2025 Q1, the actual value is USD 0.25.

Segment Revenue

• Lease Revenue: For the three months ended March 31, 2025, lease revenue was $16,803 thousand, a decrease from $19,826 thousand for the same period in 2024.

Operational Metrics

• Net Income: Net income for the three months ended March 31, 2025, was $15,108 thousand, compared to $13,567 thousand for the same period in 2024.
• Operating Income: Operating income for the three months ended March 31, 2025, was $3,677 thousand, a decrease from $7,261 thousand for the same period in 2024.
• Depreciation and Amortization: Depreciation and amortization expenses were $8,429 thousand for the three months ended March 31, 2025, compared to $8,789 thousand for the same period in 2024.

Cash Flow

• Net Cash Provided by Operating Activities: Net cash provided by operating activities was $4,467 thousand for the three months ended March 31, 2025, compared to $3,420 thousand for the same period in 2024.
• Net Cash Provided by Investing Activities: Net cash provided by investing activities was $60,216 thousand for the three months ended March 31, 2025, compared to $62,519 thousand for the same period in 2024.
• Net Cash Used in Financing Activities: Net cash used in financing activities was - $40,041 thousand for the three months ended March 31, 2025, compared to - $32,955 thousand for the same period in 2024.

Unique Metrics

• Gain on Dispositions of Real Estate Assets: Gain on dispositions of real estate assets was $15,410 thousand for the three months ended March 31, 2025, compared to $10,273 thousand for the same period in 2024.

Future Outlook and Strategy

• Core Business Focus: The company plans to continue focusing on owning and leasing farmland, with an emphasis on increasing rents, maintaining high occupancy rates, and controlling expenses.
• Non-Core Business: The company is exploring options with certain 2025 lease expirations, including negotiating lease terms with existing and prospective new tenants and discussing sale options with prospective buyers.