Company: LANDO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001495240-25-000021
Chunk: 18

Company: GLADSTONE LAND Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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6,098 505 Amortization of right-of-use assets from operating leases and operating lease liabilities, net49 46 Loss from investments in unconsolidated entities186 171 Bad debt expense106 220 Gain on dispositions of real estate assets, net(13,261)(7,473)Property and casualty (recovery) loss, net(137)9 Changes in operating assets and liabilities:Investments in water assets (460)(1,590)Other assets, net(510)(3,242)Accounts payable and accrued expenses(7,150)(552)Due to related parties, net270 (759)Other liabilities, net(1,389)1,187 Net cash provided by operating activities8,416 19,333 CASH FLOWS FROM INVESTING ACTIVITIES:Capital expenditures on existing real estate assets(4,617)(2,319)Proceeds from dispositions of real estate assets, net62,012 63,997 Net cash provided by investing activities57,395 61,678 CASH FLOWS FROM FINANCING ACTIVITIES:Repayments of lines of credit(3,400)— Borrowings from notes and bonds payable10,600 — Repayments of notes and bonds payable(38,567)(24,949)Payments of financing fees(69)(9)Proceeds from issuance of preferred and common equity— 304 Offering costs(8)(43)Redemptions of cumulative redeemable preferred stock (18)(2,895)Dividends paid on cumulative redeemable preferred stock(12,004)(12,223)Distributions paid on common stock(10,139)(10,010)Net cash used in financing activities(53,605)(49,825)NET INCREASE IN CASH AND CASH EQUIVALENTS12,206 31,186 CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD18,275 18,571 CASH AND CASH EQUIVALENTS AT END OF PERIOD$30,481 $49,757 NON-CASH INVESTING AND FINANCING INFORMATION:Real estate additions included in Accounts payable and accrued expenses and Due to related parties, net$425 $887 Financing fees included in Accounts payable and accrued expenses and Due to related parties, net45 18 

The accompanying notes are an integral part of these condensed consolidated