Company: LANDO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001495240-25-000021
Chunk: 138

Company: GLADSTONE LAND Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 138
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driven by lower consulting fees) and, for the three months ended June 30, 2025, a decrease in stockholder-related expenses related to the annual stockholders’ meeting.  

A comparison of results of other components contributing to net (loss) income attributable to common stockholders for the three and six months ended June 30, 2025 and 2024 is below (dollars in thousands):

For the Three Months Ended June 30,20252024$ Change% ChangeOperating (loss) income$(214)$7,864 $(8,078)(102.7)%Other (expense) income:Other income267 497 (230)(46.3)%Interest expense(4,976)(5,535)559 (10.1)%Dividends declared on cumulative term preferred stock(755)(755)— —%Loss on dispositions of real estate assets, net(2,149)(2,800)651 (23.3)%Property and casualty loss, net— (9)9 (100.0)%Loss from investments in unconsolidated entities(51)(85)34 (40.0)%Total other expense, net(7,664)(8,687)1,023 (11.8)%Net loss(7,878)(823)(7,055)857.2%Aggregate dividends declared on and gain recognized on extinguishment of cumulative redeemable preferred stock, net(6,002)(5,831)(171)2.9%Net loss attributable to common stockholders$(13,880)$(6,654)$(7,226)108.6% For the Six Months Ended June 30, 20252024$ Change% ChangeOperating income$3,462 $15,125 $(11,663)(77.1)%Other (expense) income:Other income2,219 2,925 (706)(24.1)%Interest expense(10,154)(11,090)936 (8.4)%Dividends declared on cumulative term preferred stock(1,509)(1,509)— —%Gain on dispositions of real estate assets, net13,261 7,473 5,788 77.5%Property and casualty recovery (loss), net137 (9)146 (1,622.2)%Loss from investments in unconsolidated entities(186)(171)(15)8.8%Total other