Gladstone Land Corporation filed its Form 10-Q for the quarterly period ended June 30, 2026, with the SEC on August 11, 2026, reporting a net loss of $8.46 million for the second quarter and a net loss attributable to common stockholders of $13.52 million.

Key Highlights

  • Net loss of $8.46 million for the three months ended June 30, 2026, compared to a net loss of $7.878 million in the same period of 2025.
  • Net loss attributable to common stockholders of $13.523 million for Q2 2026, or $(0.32) per basic and diluted share.
  • Total operating revenues of $12.692 million for Q2 2026, including $12.359 million in lease revenue, net.
  • Impairment charge of $4.194 million recorded in Q2 2026, with no comparable charge in Q2 2025.
  • Total assets of $1.192 billion as of June 30, 2026, down from $1.239 billion at December 31, 2025.
  • Common shares outstanding of 43,136,573 as of August 10, 2026, up from 38,014,918 at December 31, 2025.
  • Series D cumulative term preferred stock fully redeemed, with zero shares outstanding as of June 30, 2026, compared to 2,415,000 shares at December 31, 2025.

Gladstone Land's Financial Results and Balance Sheet for the First Half of 2026

According to the filing, Gladstone Land Corporation (NASDAQ:LAND) reported total operating revenues of $12.692 million for the three months ended June 30, 2026, compared to $12.296 million in the same quarter of 2025. Lease revenue, net, accounted for $12.359 million of Q2 2026 revenues, with crop sales contributing $333 thousand. Total operating expenses rose to $17.002 million in Q2 2026 from $12.510 million in Q2 2025, driven in part by a $4.194 million impairment charge and depreciation and amortization of $7.886 million, according to the filing.

For the six months ended June 30, 2026, the company reported a net loss of $12.764 million, compared to net income of $7.230 million in the first half of 2025. The registrant attributed much of the prior-year income to a gain on dispositions of real estate assets of $13.261 million in the first half of 2025, which did not recur at the same scale in 2026. The net loss attributable to common stockholders for the six-month period was $23.507 million, or $(0.56) per basic and diluted share, according to the filing.

On the balance sheet, the company disclosed total assets of $1.192 billion as of June 30, 2026, with real estate, net, of $1.072 billion. Borrowings under lines of credit rose to $21.1 million from $200 thousand at December 31, 2025. Total equity stood at $673.111 million, up slightly from $670.286 million at year-end 2025. The filing also noted that the company had real estate and related assets held for sale of $3.143 million as of June 30, 2026, with no comparable balance at December 31, 2025. The weighted-average shares of common stock outstanding for Q2 2026 were 42,911,176, compared to 36,184,658 in Q2 2025.

What Was Disclosed

Gladstone Land Corporation disclosed its unaudited condensed consolidated financial statements for the quarter and six months ended June 30, 2026, covering revenues, operating expenses including impairment charges, net loss figures, balance sheet positions, and changes in equity and share counts.