<span item_type="fundamental" item_id="3d423ab8761a458e2c62926adbc3dd53" counter_id="ST/US/LANDP" env="prod"></span><span item_type="announcement" item_id="546905624425662081" env="prod"></span><p>Revenue: As of FY2025 Q2, the actual value is USD 12.3 M.</p><p>EPS: As of FY2025 Q2, the actual value is USD -0.38.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>Lease Revenue</strong>: For the three months ended June 30, 2025, lease revenue was $12,296,000, a decrease from $21,270,000 for the same period in 2024. For the six months ended June 30, 2025, lease revenue was $29,098,000, down from $41,096,000 in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1495240/000149524025000021/land-20250630.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Net Income</strong>: For the three months ended June 30, 2025, the net loss was $7,878,000 compared to a net loss of $823,000 for the same period in 2024. For the six months ended June 30, 2025, net income was $7,230,000, down from $12,744,000 in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1495240/000149524025000021/land-20250630.htm"></span></li><li><strong>Depreciation and Amortization</strong>: For the three months ended June 30, 2025, depreciation and amortization were $8,374,000, compared to $8,813,000 in 2024. For the six months ended June 30, 2025, these expenses were $16,803,000, compared to $17,602,000 in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1495240/000149524025000021/land-20250630.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Operating Cash Flow</strong>: Net cash provided by operating activities was $8,416,000 for the six months ended June 30, 2025, compared to $19,333,000 for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1495240/000149524025000021/land-20250630.htm"></span></li><li><strong>Investing Cash Flow</strong>: Net cash provided by investing activities was $57,395,000 for the six months ended June 30, 2025, compared to $61,678,000 in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1495240/000149524025000021/land-20250630.htm"></span></li><li><strong>Financing Cash Flow</strong>: Net cash used in financing activities was $53,605,000 for the six months ended June 30, 2025, compared to $49,825,000 in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1495240/000149524025000021/land-20250630.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Property Sales</strong>: In January 2025, five farms in Florida were sold for $52.5 million, and in February 2025, two farms in Nebraska were sold for $12.0 million, resulting in a net gain of approximately $15.7 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1495240/000149524025000021/land-20250630.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: The company plans to continue focusing on owning and leasing farmland, with an emphasis on increasing participation rents and maintaining high occupancy rates. The company is also actively seeking new acquisitions to expand its farmland portfolio.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1495240/000149524025000021/land-20250630.htm"></span></li><li><strong>Non-Core Business</strong>: The company is exploring options for vacant and direct-operated farms, including leasing and sale opportunities, and is in discussions with potential tenants and buyers.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1495240/000149524025000021/land-20250630.htm"></span></li></ul>

GLADSTONE LAND CORP 6% CUM RED PFD SER C | 10-Q: FY2025 Q2 Revenue: USD 12.3 M