Company: LANDO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001495240-25-000005
Chunk: 118

Company: GLADSTONE LAND Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 7
Chunk 118
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)17 907 AFFO available to common stockholders and non-controlling OP Unitholders$16,721 $20,323 $24,263 Weighted-average shares of common stock outstanding35,909,956 35,733,742 34,563,460 Weighted-average common non-controlling OP Units outstanding— — 61,714 Weighted-average shares of common shares outstanding, fully diluted35,909,956 35,733,742 34,625,174 Diluted FFO per weighted-average common share$0.58 $0.62 $0.70 Diluted CFFO per weighted-average common share$0.59 $0.66 $0.74 Diluted AFFO per weighted-average common share$0.47 $0.57 $0.70 Distributions declared per total common share$0.56 $0.55 $0.55 

(1)Includes (i) cash dividends paid on our cumulative redeemable preferred stock, (ii) the value of additional shares of Series C Preferred Stock issued pursuant to our dividend reinvestment plan (the “DRIP”), and (iii) the net gain (loss) recognized as a result of shares of cumulative redeemable preferred stock that were redeemed during the respective periods.

(2)Represents our pro-rata share of depreciation expense recorded in unconsolidated entities during the respective periods.

(3)Consists primarily of (i) net property and casualty losses (recoveries) recorded and the cost of related repairs expensed as a result of the damage caused to certain improvements by natural disasters on certain of our farms, (ii) costs related to the amendment, termination, and listing of shares from the Series C Offering that were expensed, (iii) the write-off of certain unallocated costs related to a prior universal shelf registration statement, and (iv) costs incurred to implement our share repurchase program.

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(4)Consists of (i) the amount of dividends on the Series C Preferred Stock paid via issuing new shares (pursuant to the DRIP), (ii) the net (gain) loss recognized as a result of shares of cumulative redeemable preferred stock that were redeemed, which were non-cash (gains) charges, (iii) our remaining pro-rata share of (income) loss recorded from investments in unconsolidated entities, and (iv)