Company: LANDO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001495240-25-000021
Chunk: 16

Company: GLADSTONE LAND Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 16
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174)Balance at June 30, 20255,840,889$6 9,954,863$10 251,636$— 36,184,658$36 $854,037 $(189,474)$5,458 $670,073 

The accompanying notes are an integral part of these condensed consolidated financial statements

5

GLADSTONE LAND CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY

(In thousands, except share data)

(Unaudited)

Three Months Ended June 30, 2024 Series B Preferred StockSeries C Preferred StockSeries EPreferred StockCommon StockAdditionalPaid-in CapitalDistributionsin Excess ofAccumulatedEarningsAccumulatedOtherComprehensiveIncome TotalEquityNo. ofSharesParValueNo. ofSharesParValueNo. ofSharesParValueNo. ofSharesParValueBalance at March 31, 20245,956,065$6 10,156,509$10 247,181$— 35,838,442$36 $856,455 $(141,562)$8,374 $723,319 Redemptions of Series B Preferred Stock, net(54,735)— —— ———— (1,217)84 — (1,133)Redemptions of Series C Preferred Stock, net—— (86,042)— ———— (1,952)190 — (1,762)Issuance of Series E Preferred Stock, net—— —— 800——— 16 — — 16 Net loss—— —— ———— — (823)— (823)Dividends—cumulative redeemable preferred stock—— —— ———— — (6,105)— (6,105)Distributions—OP Units and common stock—— —— ———— — (5,010)— (5,010)Comprehensive loss attributable to the Company—— —— ———— — — (33)(33)Balance at June 30, 20245,901,330$6 10,070,467$10 247,981$— 35,838,442$36 $853,302 $(153,226)$8,341 $708,469 Six Months Ended June 30, 2024 Series BPreferred StockSeries CPreferred StockSeries EPreferred