Company: LANDO
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001495240-25-000012
Chunk: 99

Company: GLADSTONE LAND Corp
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 99
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% of the gross proceeds from sales in the offering (the “Dealer-Manager Fees”).Gladstone Securities may, in its sole discretion, remit all or a portion of the Selling Commissions and also reallow all or a portion of the Dealer-Manager Fees to participating broker-dealers 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 months ended March 31, 2025 and 2024 (dollars in thousands):For the Three Months Ended March 31,20252024Series E Preferred Stock$— $28 Total Selling Commissions and Dealer-Manager Fees$— $28 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 FeesThe 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 March 31, 20252024Base management fee(1)(2)$2,058 $2,156 Capital gains fee(1)(2)188 — Total fees to our Adviser$2,246 $2,156 Administration fee(1)(2)$642 $603 Selling Commissions and Dealer-Manager Fees(1)(3)$— $28 Total fees to Gladstone Securities$— $28 (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.Related-Party Fees DueAmounts due to related parties on our accompanying Condensed Consolidated Balance Sheets as of March 31, 2025, and December 31, 2024, were as follows (dollars in thousands):

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March 31, 2025December 31, 2024Base management fee$2,058 $2,067 Capital gains fee188 — Other, net(1)42 75 Total due to Adviser2,288 2,142 Administration