Gladstone Land Corporation Reports Third Quarter 2025 Financial Results

Gladstone Land Corporation has released its financial results for Q3 2025. The company outlined substantial changes in its revenue recognition, largely due to lease modifications on selected farms. These changes are expected to result in lower fixed base rent revenues but increased participation rents, which will generally be recognized in Q4.

The company reported Q3 net income of $2.1 million, a substantial increase from $6,000 in the same period last year. However, net loss attributable to common stockholders was approximately $3.9 million. Gladstone Land also saw an increase in participation rents, driven by strong pistachio pricing.

Portfolio activity included the sale of two farms in Florida and the purchase of water rights in California. In the debt arena, the company repaid a $10.4 million loan. Additionally, it raised $1.1 million through the sale of common stock under its ATM program.