Company: LANDO
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001495240-25-000028
Chunk: 48

Company: GLADSTONE LAND Corp
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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alers and wholesalers in support of the offerings.  The terms of the Dealer-Manager Agreement were approved by our Board of Directors, including its independent directors.The following table summarizes the total Selling Commissions and Dealer-Manager Fees paid to Gladstone Securities during the three and nine months ended September 30, 2025 and 2024 (dollars in thousands):For the Three Months Ended September 30,For the Nine Months Ended September 30,2025202420252024Series E Preferred Stock$— $9 — 39 Total Selling Commissions and Dealer-Manager Fees$— $9 $— $39 Selling Commissions and Dealer-Manager Fees paid to Gladstone Securities are netted against the gross proceeds received from sales of the respective securities and are included within Additional paid-in capital on the accompanying Condensed Consolidated Balance Sheets.Related-Party Fees

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The following table summarizes related-party fees paid or accrued for and reflected in our accompanying condensed consolidated financial statements (dollars in thousands): For the Three Months Ended September 30,For the Nine Months Ended September 30, 2025202420252024Base management fee(1)(2)$1,992 $2,070 $6,040 $6,303 Incentive fee(1)(2)— 109 — 109 Incentive fee waiver(2)— (109)— (109)Total fees to our Adviser$1,992 $2,070 $6,040 $6,303 Administration fee(1)(2)$650 $683 $1,863 $1,839 Selling Commissions and Dealer-Manager Fees(1)(3)$— $9 $— $39 Financing fees(1)(4)— — 15 — Total fees to Gladstone Securities$— $9 $15 $39 (1)Pursuant to the agreements with the respective related-party entities, as discussed above.(2)Reflected as a line item on our accompanying Condensed Consolidated Statements of Operations and Comprehensive Income.(3)Included within Additional paid-in capital on the accompanying Condensed Consolidated Balance Sheets.(4)Included within Notes and bonds payable, net on the Condensed Consolidated Balance Sheets and amortized into Interest expense on the Condensed Consolidated Statements of Operations and Comprehensive Income.Related-Party Fees DueAmounts due to related parties on our