Company: LANDO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001495240-25-000005
Chunk: 187

Company: GLADSTONE LAND Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 187
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,559 gross acres for an aggregate sales price of $12.0 million.  Including closing costs, we recognized an aggregate net gain on these sales of approximately $1.6 million.Financing ActivityDebt Activity—Loan RepaymentsSubsequent to December 31, 2024, we repaid approximately $19.4 million of loans.  On a weighted-average basis, these borrowings bore interest at a fixed, stated rate of 5.38% and an effective interest rate (after interest patronage, where applicable) of 4.62%.DistributionsOn January 14, 2025, our Board of Directors declared the following monthly cash distributions to holders of our preferred and common stock:

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IssuanceRecord DatePayment DateDistribution per ShareSeries B Preferred Stock:January 24, 2025January 31, 2025$0.125 February 19, 2025February 28, 20250.125 March 19, 2025March 31, 20250.125 Total Series B Preferred Stock Distributions:$0.375 Series C Preferred Stock:January 24, 2025January 31, 2025$0.125 February 19, 2025February 28, 20250.125 March 19, 2025March 31, 20250.125 Total Series C Preferred Stock Distributions:$0.375 Series D Term Preferred Stock:January 24, 2025January 31, 2025$0.104167 February 19, 2025February 28, 20250.104167 March 19, 2025March 31, 20250.104167 Total Series D Term Preferred Stock Distributions:$0.312501 Series E Preferred Stock:January 27, 2025February 5, 2025$0.104167 February 25, 2025March 5, 20250.104167 March 26, 2025April 4, 20250.104167 Total Series E Preferred Stock Distributions:$0.312501 Common Stock(1):January 24, 2025January 31, 2025$0.0467 February 19, 2025February 28, 20250.0467 March 19, 2025March 31, 20250.0467 Total Common