Gladstone Land Corp Pref Share LAND 5.0 01/31/26 D | 10-Q: FY2025 Q2 Revenue: USD 12.3 M

Revenue: As of FY2025 Q2, the actual value is USD 12.3 M.

EPS: As of FY2025 Q2, the actual value is USD -0.38.

Segment Revenue

• Lease Revenue: For the six months ended June 30, 2025, lease revenue was $29.1 million, a decrease from $41.1 million in the same period in 2024. This decline was primarily due to reduced fixed lease payments and participation rents.

Operational Metrics

• Net Income: The company reported a net income of $7.2 million for the six months ended June 30, 2025, compared to $12.7 million for the same period in 2024, reflecting a decrease of 43.3%.
• Operating Expenses: Total operating expenses for the six months ended June 30, 2025, were $25.6 million, slightly down from $26.4 million in the same period in 2024.

Cash Flow

• Operating Cash Flow: Net cash provided by operating activities was $8.4 million for the six months ended June 30, 2025, compared to $19.3 million for the same period in 2024.
• Investing Cash Flow: Net cash provided by investing activities was $57.4 million for the six months ended June 30, 2025, compared to $61.7 million in the same period in 2024.
• Financing Cash Flow: Net cash used in financing activities was $53.6 million for the six months ended June 30, 2025, compared to $49.8 million in the same period in 2024.

Unique Metrics

• Property Sales: In 2025, the company sold five farms in Florida and two farms in Nebraska, resulting in a net gain of approximately $15.7 million.

Future Outlook and Strategy

• Core Business Focus: The company plans to continue focusing on owning and leasing farmland, with an emphasis on increasing participation rents and managing lease expirations effectively. The company is also exploring options for leasing or selling vacant and direct-operated farms.
• Non-Core Business: The company is actively evaluating and participating in supplemental water initiatives to mitigate the impact of groundwater pumping restrictions in California.