Gladstone Land's Q2 net loss widens as impairment charge weighs

Gladstone Land

11/08/2026 21:21

Overview
U.S. farmland REIT's Q2 operating revenue rose 3% yr/yr, net loss widened
Company recorded $4.2 mln impairment charge and expects most 2026 revenue in Q4

Outlook
Company expects most 2026 revenue and earnings to be recognized in the fourth quarter

Result Drivers
LEASE STRUCTURE SHIFT - Co said increased reliance on participation-based rents delayed revenue recognition to later in the yr
CROP PRICING - Higher almond prices and profits from orange crop sales supported Q2 revenue
IMPAIRMENT CHARGE - Co recorded $4.2 mln non-cash impairment charge on four Arizona farms

Company press release: ID:nACS9X7Zca

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Operating Revenues
 
$12.69 mln
 
Q2 Loss Per Share
 
$0.32
 
Q2 Net Loss
 
$8.46 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the specialized reits peer group is "buy."
Wall Street's median 12-month price target for Gladstone Land Corp is $11.50, about 41.5% above its August 10 closing price of $8.13

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Aug 10 - U.S. weekly crop progress highlights - USDA

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)