Company: LANDO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001495240-25-000005
Chunk: 196

Company: GLADSTONE LAND Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 196
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901 5,933 24,052 (1,905)Franklin & Grant, Washington Land & Improvements & Horticulture7/21/2022— 11,437 1,607 15,798 50 327 555 11,487 1,934 16,353 29,774 (6,314)Umatilla, Oregon Land & Improvements & Horticulture7/21/2022— 344 564 2,858 14 135 1,167 358 699 4,025 5,082 (379)Miscellaneous InvestmentsVarious22,562 39,205 10,403 9,175 (1,100)6,145 696 38,105 16,548 9,871 64,524 (7,762)$529,909 $779,437 $154,058 $351,939 $9,481 $79,523 $(2,178)$788,918 $233,581 $349,761 $1,372,260 $(169,190)(1)The aggregate cost for land, buildings, improvements, and permanent plantings for federal income tax purposes is approximately $1.5 billion.(2)The Company computes depreciation using the straight-line method over the shorter of the estimated useful life or 50 for buildings, improvements, and permanent plantings, and the shorter of the estimated useful life or 5 to 20 years for equipment and fixtures.The following table reconciles the change in the balance of real estate during the years ended December 31, 2024 and 2023, respectively (dollars in thousands):20242023Balance, beginning of period$1,437,812 $1,432,394 Additions:Acquisitions during the period— — Improvements5,607 10,578 Deductions:Dispositions during period(69,053)(5,160)Impairments during period(2,106)— Balance, end of period(1)$1,372,260 $1,437,812 (1)Includes approximately $47.6 million and $54.1 million of real estate held for sale, at cost, as of  December 31, 2024 and 2023, respectively.The following table reconciles the change in the balance of accumulated depreciation during the years ended December 31,