Gladstone Land

The board of directors of Gladstone Land has approved a preferred share repurchase program totaling $55 million, with up to $20 million for series B and up to $35 million for series C. Repurchases may be made in the open market or through private transactions in compliance with securities laws and can be executed during trading windows or under 10b5-1 plans. The program runs through July 14, 2027, may be suspended at any time and does not obligate the company to acquire a specific number of shares. Management describes current market conditions as attractive; the common stock is trading near its 52-week low and has a dividend yield of 6.47%. » Więcej na de.investing.com

Gladstone Land reported a net loss of $0.24 per share for Q1 2026, slightly missing analysts' estimates, while revenue of $16.55 million came in well above the expected $14.2 million. Adjusted funds from operations (AFFO) rose 33% to $0.08 per share, driven by strong harvest revenues. The company cited higher operating costs and tenant issues as operational challenges but sees upside from greater participation in crop proceeds. The stock fell 2.88% in after-hours trading; the outlook remains cautious with further negative EPS forecasts for 2026. » Więcej na de.investing.com

Gladstone Land has entered into distribution agreements with Virtu Americas and Lucid Capital to sell common stock through ongoing 'at‑the‑market' offerings with aggregate proceeds of up to $500 million. The potential issuance amount exceeds the current market capitalization of $418 million. Sales may be made on the Nasdaq Global Market, other trading venues, or through private placements; the company is not obligated to sell shares and may suspend offerings. The shares will be issued under an existing shelf registration on Form S-3, and the distributors will receive up to a 3.0% commission on gross proceeds. » Więcej na de.investing.com