Gladstone Land Corporation · NASDAQ:LAND
Gladstone Land — Q2 2026 Earnings Presentation
9 slides from Gladstone Land's earnings presentation, Aug 12, 2026
Slide 1: Gladstone Land Announces Second Quarter 2026 Results
August 11, 2026 Gladstone Land Announces Second Quarter 2026 Results Please note that the limited information that follows in this press release is a summary and is not adequate for making an informed investment decision. MCLEAN, VA / ACCESS Newswire / August 11, 2026 / Gladstone Land Corporation (N
Slide 2: Impairment, Debt and Equity Activity; Second Quarter Results
Impairment: Recorded a non-cash impairment charge of approximately $4.2 million related to four farms in Arizona. Debt Activity-New Farm Credit Facility: Entered into a new revolving line of credit with Farm Credit of Central Florida, ACA, that provides for borrowings of up to $37.0 million through
Slide 3: Expenses, Cash Flows and Subsequent Events
approximately $451,000. Property operating expenses increased by approximately $293,000, primarily due to higher legal expenses incurred to protect water rights on certain California farms and additional costs associated with certain properties that were vacant, direct-operated, or on non-accrual st
Slide 4: Market Pricing for Pistachios and Almonds; CEO Comments
production, market pricing has continued to strengthen, as our primary processor recently announced a 67% increase in the initial base price for split in-shell pistachios for the 2026 crop, which should help offset the impact from lower yields. Almond prices have also strengthened, with current mark
Slide 5: CFFO and AFFO Reconciliation and Per-Share Data
(Less) plus: Acquisition- and disposition-related (credits) (5 ) (28 ) 23 (82.1 )% expenses, net 274 (188 ) 462 (245.7 )% Plus (less): Other nonrecurring charges (receipts), net(3) (1,661 ) (3,562 ) 1,901 (53.4 )% CFFO available to common stockholders 773 (153 ) 926 (605.2 )% Net adjustment for norm
Slide 6: Conference Call; Operating Metrics and Footnotes
$ 19,931 $ 3,949 $ 15,982 404.7 % Cash flows from operations 144 150 (6 ) (4.0 )% Farms owned 98,688 103,001 (4,313 ) (4.2 )% Acres owned 95.4 % 95.9 % (0.5 )% (0.5 )% Occupancy rate(8) 55,649 55,306 343 0.6 % Acre-feet of water assets owned (1) Includes cash dividends paid on our cumulative redeema
Slide 7: About Gladstone Land Corporation
conference call will also be available online on the Investors section of the Company's website, www.GladstoneLand.com. About Gladstone Land Corporation: Founded in 1997, Gladstone Land is a publicly traded real estate investment trust that owns farmland and farm-related properties located in major
Slide 8: Non-GAAP Measure Definitions: CFFO
CFFO: CFFO is FFO, adjusted for items that are not indicative of the results provided by the Company's operating portfolio and affect the comparability of the Company's period-over- period performance. These items include certain non-recurring items, such as acquisition- and disposition-related expe
Slide 9: Forward-Looking Statements and Contact
time. The Company cautions readers not to place undue reliance on any such forward- looking statements, which speak only as of the date made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or ot