Company: LANDO
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001495240-25-000012
Chunk: 14

Company: GLADSTONE LAND Corp
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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)Total other income, net11,431 6,306 NET INCOME15,108 13,567 Net income attributable to non-controlling interests— — NET INCOME ATTRIBUTABLE TO THE COMPANY15,108 13,567 Dividends declared on cumulative redeemable preferred stock(6,002)(6,118)NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS$9,106 $7,449 NET INCOME PER COMMON SHARE:Basic and diluted$0.25 $0.21 WEIGHTED-AVERAGE SHARES OF COMMON STOCK OUTSTANDING:Basic and diluted36,184,658 35,838,442 NET INCOME$15,108 $13,567 Change in fair value related to interest rate hedging instruments(1,318)1,008 COMPREHENSIVE INCOME13,790 14,575 Comprehensive income attributable to non-controlling interests— — COMPREHENSIVE INCOME ATTRIBUTABLE TO THE COMPANY$13,790 $14,575 

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

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Table of Contents

GLADSTONE LAND CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY

(In thousands, except share data)

(Unaudited)

Three Months Ended March 31, 2025 Series BPreferred StockSeries CPreferred StockSeries EPreferred StockCommon StockAdditionalPaid-in CapitalDistributionsin Excess ofAccumulatedEarningsAccumulatedOtherComprehensiveIncomeTotalStockholders’EquityNon-ControllingInterestsTotalEquityNo. ofSharesParValueNo. ofSharesParValueNo. ofSharesParValueNo. ofSharesParValueBalance at December 31, 20245,840,889$6 9,954,863$10 252,436$— 36,184,658$36 $854,059 $(174,561)$7,632 $687,182 $— $687,182 Issuance of Series E Preferred Stock, net—— —— —— —— (4)— — (4)— (4)Redemptions of Series E Preferred Stock, net—— —— (800)— —— (18)— — (18)— (18)Net income—— —— —— —— —