Gladstone Land's Q2 net loss widens as impairment charge weighs
LAND•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
Key details
| Metric | Actual |
|---|---|
| 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
Outlook and result drivers
-
Company expects most 2026 revenue and earnings to be recognized in the fourth quarter
-
LEASE STRUCTURE SHIFT - Co said increased reliance on participation-based rents delayed revenue recognition to later in the yr
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