Short answer
GLADSTONE LAND Corp (LAND) filed its Q1 2026 10-Q quarterly report on May 11, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $2M (down 89.6% year over year) with net income of −$4M.
Q1 2026 key financials · XBRL
- Revenue
- $2M
- −89.6% YoY
- Net income
- −$4M
- −128.5% YoY
- EPS (diluted)
- −$0.24
- −196.0% YoY
Source: XBRL data from the GLADSTONE LAND Corp (LAND) Q1 2026 10-Q on SEC EDGAR. USD.
GLADSTONE LAND Corp Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Lease revenue $14.8M, down from $16.8M YoY, with California lease revenue $12.1M vs $10.5M
- Worst-performing Arizona lease revenue $(1.1)M vs $0.6M YoY; Washington $(75,000) vs $1.1M
- Non-accrual and vacant farms generated $(2.1)M lease revenue vs $5.0M YoY
- Crop sales $1.7M and net crop profits approximately $1.9M, versus no crop sales revenue YoY
- $60.6M Series D preferred-stock redemption; $50.8M net ATM proceeds and $6.0M preferred-stock repurchases
Risk Factors
- No risk-factors section provided; supplied text covers repurchases, defaults, other information, and exhibits
- Series B repurchases reduced remaining authorization to $19,214,891 as of March 31, 2026
- Series C repurchases reduced remaining authorization to $33,317,336 as of March 31, 2026
- 2025 Repurchase Program expires July 10, 2026 and may be suspended or discontinued anytime
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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