Company: LANDO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001495240-25-000005
Chunk: 188

Company: GLADSTONE LAND Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 188
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 Stock Distributions:$0.1401 (1)The same amounts paid to common stockholders will be paid as distributions on each OP Unit held by non-controlling OP Unitholders, if any, as of the above record dates.

96

GLADSTONE LAND CORPORATION

SCHEDULE III—REAL ESTATE AND ACCUMULATED DEPRECIATIONDecember 31, 2024 (In Thousands)   Initial CostSubsequent Capitalized AdditionsTotal Cost Location and Description of PropertyDate AcquiredEncumbrancesLand and Land ImprovementsBuildings & ImprovementsPermanent PlantingsLand ImprovementsBuildings & ImprovementsPermanent PlantingsLand and Land ImprovementsBuildings & ImprovementsPermanent PlantingsTotal(1)Accumulated Depreciation(2)Santa Cruz County, California:   Land & Improvements6/16/1997$7,010 $4,350 $— $— $— $622 $— $4,350 $622 $— $4,972 $(449)Ventura County, California:   Land, Buildings &  Improvements9/15/199827,317 9,895 5,256 — — 378 — 9,895 5,634 — 15,529 (5,209)Santa Cruz County, California:   Land & Improvements1/3/20116,113 8,328 — — 453 545 — 8,781 545 — 9,326 (289)Hillsborough County, Florida: Land, Buildings & Improvements9/12/2012— 2,199 1,657 — 14 1,796 — 2,213 3,453 — 5,666 (1,989)Monterey County, California:    Land, Buildings & Improvements10/21/20134,381 7,187 164 — 180 3,064 — 7,367 3,228 — 10,595 (1,271)Cochise County, Arizona:   Land, Buildings & Improvements12/27/20131,387 6,168 572 — 8 5,738 — 6,176 6,310 — 12,486 (2,393)Santa Cruz