Company: LANDO
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001495240-25-000028
Chunk: 140

Company: GLADSTONE LAND Corp
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 140
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(3)$2,058 $1,990 $1,992 $6,040 Incentive Fee:Total Adjusted Common Equity(1)(2)$318,209 $322,245 $303,296 First hurdle quarterly rate1.750 %1.750 %1.750 %First hurdle threshold$5,569 $5,639 $5,308 Second hurdle quarterly rate2.1875 %2.1875 %2.1875 %Second hurdle threshold$6,961 $7,049 $6,635 Pre-Incentive Fee FFO(1)$2,139 $(3,346)$1,744 

35

100% of Pre-Incentive Fee FFO in excess of first hurdle threshold, up to second hurdle threshold$— $— $— 20% of Pre-Incentive Fee FFO in excess of second hurdle threshold— — — Total Incentive fee(3)$— $— $— $— Capital Gains Fee:Aggregate net realized capital gains(1)$5,443 $2,769 $3,848 Capital gains fee rate15.0 %15.0 %15.0 %Cumulative capital gains fee$816 $415 $577 Less capital gains fees recorded in prior periods(4)$(628)$(628)$(628)Total Capital Gains Fee(3)(5)$188 $(188)$— $— Total fees due to Adviser$2,246 $1,802 $1,992 $6,040 2024 Fee Calculations:Base Management Fee:Gross Tangible Real Estate(1)(2)$1,437,812 $1,384,228 $1,380,264 Quarterly rate0.150 %0.150 %0.150 %Base management fee(3)$2,157 $2,076 $2,070 $6,303 Incentive Fee:Total Adjusted Common Equity(1)(2)$344,128 $346,578 $334,913 First hurdle quarterly rate1.750 %1.750 %1.750 %First hurdle threshold$6,022 $6,065 $5,861 Second hurdle quarterly rate2.1875 %