May 8, 2023
Gladstone Land Announces First Quarter 2023 Results
Net income for the quarter was approximately $1.8 million, compared to approximately $1.2 million in the prior-year quarter.

Gladstone Land Corporation (Nasdaq:LAND) (“Gladstone Land” or the “Company”) today reported financial results for the first quarter ended March 31, 2023. A description of funds from operations (“FFO”), core FFO (“CFFO”), adjusted FFO (“AFFO”), and net asset value (“NAV”), all non-GAAP (generally accepted accounting principles in the United States) financial measures, appear at the end of this press release. All per-share references are to fully-diluted, weighted-average shares of the Company’s common stock, unless noted otherwise. For further detail, please refer to the Company’s Quarterly Report on Form 10-Q (the “Form 10-Q”), which is available on the Investors section of the Company’s website at www.GladstoneLand.com.

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