Company: LANDO
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001495240-25-000028
Chunk: 87

Company: GLADSTONE LAND Corp
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 87
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 rent adjustment(442)(1,229)(1,387)(2,703)Plus:  Amortization of debt issuance costs220 221 801 687 (Less) plus:  Other non-cash (receipts) charges, net(4)(114)(734)64 (1,903)AFFO available to common stockholders$1,410 $4,526 $(5)$13,359 Weighted-average shares of common stock outstanding—basic and diluted36,190,88935,838,44236,186,75835,838,442FFO per weighted-average common share—basic and diluted$0.05 $0.17 $0.01 $0.47 CFFO per weighted-average common share—basic and diluted$0.05 $0.17 $0.01 $0.48 AFFO per weighted-average common share—basic and diluted$0.04 $0.13 $— $0.37 Distributions declared per common share$0.14 $0.14 $0.42 $0.42 

(1)Includes (i) cash dividends paid on our cumulative redeemable preferred stock and (ii) the net gain (loss) recognized as a result of shares of cumulative redeemable preferred stock that were redeemed during the respective periods.

(2)Represents our pro-rata share of depreciation expense recorded in unconsolidated entities during the respective periods.

(3)Consists primarily of (i) net property and casualty losses (recoveries) recorded and the cost of related repairs expensed as a result of damage to improvements on certain of our farms caused by certain non-recurring events and (ii) one-time legal costs incurred related to certain corporate organizational matters.

(4)Consists of (i) the net (gain) loss recognized as a result of shares of cumulative redeemable preferred stock that were redeemed, which were non-cash (gains) charges, (ii) our remaining pro-rata share of (income) loss recorded from investments in unconsolidated entities, and (iii) plus (less) net non-cash expense (income) recorded as a result of additional water assets used (received) in certain transactions.

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ITEM 3.QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Market risk includes risks that arise from changes in interest rates, foreign currency