Company: LANDO
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001495240-25-000012
Chunk: 133

Company: GLADSTONE LAND Corp
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 133
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 2025 and 2024 to the most directly-comparable GAAP measure, net income, and a computation of diluted FFO, CFFO, and AFFO per share, using the weighted-average number of total shares (including shares of our common stock and OP Units held by non-controlling OP Unitholders) outstanding during the respective periods (dollars in thousands, except per-share amounts):

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 For the Three Months Ended March 31, 20252024Net income$15,108 $13,567 Less:  Aggregate dividends declared on and gains on or charges related to extinguishment of cumulative redeemable preferred stock, net(1)(6,002)(6,118)Net income attributable to common stockholders and non-controlling OP Unitholders$9,106 $7,449 Plus:  Real estate and intangible depreciation and amortization8,429 8,789 Less:  Gains on dispositions of real estate assets, net(15,410)(10,273)Adjustments for unconsolidated entities(2)14 23 FFO available to common stockholders and non-controlling OP Unitholders$2,139 $5,988 Plus:  Acquisition- and disposition-related expenses, net21 — Plus:  Other nonrecurring charges, net(3)173 11 CFFO available to common stockholders and non-controlling OP Unitholders$2,333 $5,999 Net rent adjustment(792)(547)Plus:  Amortization of debt issuance costs365 243 Plus (less):  Other non-cash charges (receipts), net(4)129 (565)AFFO available to common stockholders and non-controlling OP Unitholders$2,035 $5,130 Weighted-average shares of common stock outstanding36,184,65835,838,442Weighted-average common non-controlling OP Units outstanding——Weighted-average shares of common shares outstanding, fully diluted36,184,65835,838,442Diluted FFO per weighted-average common share$0.06 $0.17 Diluted CFFO per weighted-average common share$0.06 $0.17 Diluted AFFO per weighted-average common share$0.06 $0.14 Distributions declared per common share$0.14 $0.14 

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