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.<h3>Segment Revenue</h3><ul><li>Lease Revenue: Lease revenue for the three months ended March 31, 2025, was $16,803,000, compared to $19,826,000 for the same period in 2024, representing a decrease of 15.2%.</li></ul><h3>Operational Metrics</h3><ul><li>Net Income: Net income for the three months ended March 31, 2025, was $15,108,000, compared to $13,567,000 for the same period in 2024, representing an increase of 11.4%.</li><li>Operating Income: Operating income for the three months ended March 31, 2025, was $3,677,000, compared to $7,261,000 for the same period in 2024, representing a decrease of 49.4%.</li><li>Depreciation and Amortization: Depreciation and amortization for the three months ended March 31, 2025, was $8,429,000, compared to $8,789,000 for the same period in 2024, representing a decrease of 4.1%.</li></ul><h3>Cash Flow</h3><ul><li>Net Cash Provided by Operating Activities: Net cash provided by operating activities for the three months ended March 31, 2025, was $4,467,000, compared to $3,420,000 for the same period in 2024, representing an increase of 30.6%.</li><li>Net Cash Provided by Investing Activities: Net cash provided by investing activities for the three months ended March 31, 2025, was $60,216,000, compared to $62,519,000 for the same period in 2024, representing a decrease of 3.7%.</li><li>Net Cash Used in Financing Activities: Net cash used in financing activities for the three months ended March 31, 2025, was - $40,041,000, compared to - $32,955,000 for the same period in 2024, representing an increase of 21.5%.</li></ul><h3>Unique Metrics</h3><ul><li>Gain on Dispositions of Real Estate Assets: Gain on dispositions of real estate assets for the three months ended March 31, 2025, was $15,410,000, compared to $10,273,000 for the same period in 2024, representing an increase of 50.0%.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The company plans to continue actively seeking and evaluating acquisitions of additional farms and farm-related assets that satisfy its investment criteria, with several properties in various stages of due diligence.</li><li>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.</li></ul>

GLADSTONE LAND CORP 6% CUM RED PFD SER C | 10-Q: FY2025 Q1 Revenue: USD 16.8 M