Company: LANDO
Filing Date: 2025-11-05
Form Type: 10-Q
Source: 0001495240-25-000028
Chunk: 86

Company: GLADSTONE LAND Corp
Filing Date: 2025-11-05
Form: 10-Q
Item: Part I, Item 1
Chunk 86
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ITs.

We believe that FFO, CFFO, and AFFO and Diluted FFO, CFFO, and AFFO per share are useful to investors because they provide investors with a further context for evaluating our FFO, CFFO, and AFFO results in the same manner that investors use net income and EPS in evaluating net income.

The following table provides a reconciliation of our FFO, CFFO, and AFFO for the three and nine months ended September 30, 2025 and 2024 to the most directly-comparable GAAP measure, net income, and a computation of diluted FFO, CFFO, and AFFO per share, using the weighted-average number of total shares (including shares of our common stock and, if and when outstanding, OP Units held by non-controlling OP Unitholders) outstanding during the respective periods (dollars in thousands, except per-share amounts):

42

 For the Three Months Ended September 30,For the Nine Months Ended September 30, 2025202420252024Net income$2,087 $6 $9,317 $12,750 Less:  Aggregate dividends declared on and gains on or charges related to extinguishment of cumulative redeemable preferred stock, net(1)(6,002)(5,793)(18,006)(17,742)Net loss attributable to common stockholders$(3,915)$(5,787)$(8,689)$(4,992)Plus:  Real estate and intangible depreciation and amortization8,395 8,805 25,198 26,407 (Less) plus:  (Gains) losses on dispositions of real estate assets, net(3,062)832 (16,323)(6,641)Plus:  Impairment charges316 2,106 316 2,106 Adjustments for unconsolidated entities(2)10 14 36 52 FFO available to common stockholders$1,744 $5,970 $538 $16,932 Plus (less):  Acquisition- and disposition-related expenses (credits), net2 10 (6)(3)Plus (less):  Other nonrecurring charges (receipts), net(3)— 288 (15)349 CFFO available to common stockholders$1,746 $6,268 $517 $17,278 Net