Company: LANDO
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001495240-25-000028
Chunk: 115

Company: GLADSTONE LAND Corp
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 8
Chunk 115
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 of the respective securities and are included within Additional paid-in capital on the accompanying Condensed Consolidated Balance Sheets.Related-Party Fees

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The 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 September 30,For the Nine Months Ended September 30, 2025202420252024Base management fee(1)(2)$1,992 $2,070 $6,040 $6,303 Incentive fee(1)(2)— 109 — 109 Incentive fee waiver(2)— (109)— (109)Total fees to our Adviser$1,992 $2,070 $6,040 $6,303 Administration fee(1)(2)$650 $683 $1,863 $1,839 Selling Commissions and Dealer-Manager Fees(1)(3)$— $9 $— $39 Financing fees(1)(4)— — 15 — Total fees to Gladstone Securities$— $9 $15 $39 (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.(4)Included within Notes and bonds payable, net on the Condensed Consolidated Balance Sheets and amortized into Interest expense on the Condensed Consolidated Statements of Operations and Comprehensive Income.Related-Party Fees DueAmounts due to related parties on our accompanying Condensed Consolidated Balance Sheets as of September 30, 2025, and December 31, 2024, were as follows (dollars in thousands):September 30, 2025December 31, 2024Base management fee$1,992 $2,067 Other, net(1)52 75 Total due to Adviser2,044 2,142 Administration fee650 613 Cumulative accrued but unpaid portion of prior Administration Fees(2)— 217 Total due to Administrator650 830 Total due to related parties(3)$2,694 $2,972 (1)Other amounts due to or from our Adviser primarily relate to miscellaneous general and administrative expenses either paid by our