Company: LANDO
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001495240-25-000028
Chunk: 54

Company: GLADSTONE LAND Corp
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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 respectively, and late fees of approximately $4,000 and $11,000, respectively.(3)Reflected as a line item on our accompanying Condensed Consolidated Statements of Operations and Comprehensive Income.

NOTE 11.  EARNINGS PER SHARE OF COMMON STOCK

The following table sets forth the computation of basic and diluted earnings per common share for the three and nine months ended September 30, 2025 and 2024, computed using the weighted average number of common shares outstanding during the respective periods.(Dollars in thousands, except per-share amounts):Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Net loss attributable to common stockholders$(3,915)$(5,787)$(8,689)$(4,992)Weighted average shares of common stock outstanding – basic and diluted36,190,889 35,838,442 36,186,758 35,838,442 Loss per common share – basic and diluted$(0.11)$(0.16)$(0.24)$(0.14)

NOTE 12.  SUBSEQUENT EVENTS

Financing ActivityEquity Activity—Equity IssuancesThe following table provides information on equity sales that occurred subsequent to September 30, 2025 (dollars in thousands, except per-share amounts):Type of IssuanceNumber ofShares SoldWeighted Average Offering PricePer ShareGross ProceedsNet Proceeds(1)Common Stock – ATM Program$959,432 $9.26 $8,884 $8,795 (1)Net of underwriting discounts and commissions.DistributionsOn October 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:October 24, 2025October 31, 2025$0.125 November 17, 2025November 26, 20250.125 December 22, 2025December 31, 20250.125 Total Series B Preferred Stock Distributions:$0.375 Series C Preferred Stock:October 24, 2025October 31, 2025$0.125 November 17, 2025November 26, 20250.125 December 22, 2025December 31, 20250.125 Total Series