Company: LANDO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001495240-25-000021
Chunk: 82

Company: GLADSTONE LAND Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 82
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, net2,149 2,800 (13,261)(7,473)Adjustments for unconsolidated entities(2)11 15 25 38 FFO available to common stockholders$(3,346)$4,974 $(1,207)$10,962 Less:  Acquisition- and disposition-related credits, net(28)(11)(7)(13)(Less) plus:  Other nonrecurring (receipts) charges, net(3)(188)48 (15)61 CFFO available to common stockholders$(3,562)$5,011 $(1,229)$11,010 Net rent adjustment(153)(926)(945)(1,473)Plus:  Amortization of debt issuance costs216 223 581 465 Plus (less):  Other non-cash charges (receipts), net(4)49 (605)178 (1,169)AFFO available to common stockholders$(3,450)$3,703 $(1,415)$8,833 Weighted-average shares of common stock outstanding—basic and diluted36,184,65835,838,44236,184,65835,838,442FFO per weighted-average common share—basic and diluted$(0.09)$0.14 $(0.03)$0.31 CFFO per weighted-average common share—basic and diluted$(0.10)$0.14 $(0.03)$0.31 AFFO per weighted-average common share—basic and diluted$(0.10)$0.10 $(0.04)$0.25 Distributions declared per common share$0.14 $0.14 $0.28 $0.28 

(1)Includes (i) cash dividends paid on our cumulative redeemable preferred stock and (ii) 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 damage to improvements on certain of our farms caused by certain non-recurring events, (ii) one-time legal costs incurred related to certain corporate organizational matters, and (iii) the capital