Gladstone Land (LAND) Earnings Drop 42%
Gladstone Land (NASDAQ:LAND), a farmland real estate investment trust, reported its second quarter 2025 earnings on August 7, 2025. The key update was a major fall in revenue to $12.3 million (GAAP), a drop of 42.3% compared to the same quarter last year, and a net loss per share of $(0.38) (GAAP), both well below the previous year's levels. The quarter reflected the impact of a strategic shift in lease structures, as the company moved from fixed base rents to more participation-based agreements. This shift front-loaded declines in revenue and earnings into the earlier quarters of 2025, with improved results anticipated in Q4 2025 when crop participation rents are recognized. Overall, the period showed declining fundamentals and heavier reliance on future crop performance.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.
Gladstone Land specializes in acquiring and owning farmland, which it leases to independent and corporate farming operators. Its footprint spans 150 farms across 15 states, covering about 103,000 acres. The company focuses on a mix of annual row crops such as vegetables and berries, and permanent crops like almonds and pistachios.
Source Fool.com
