Company: LANDO
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001495240-25-000021
Chunk: 14

Company: GLADSTONE LAND Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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2,219 2,925 Interest expense(4,976)(5,535)(10,154)(11,090)Dividends declared on cumulative term preferred stock(755)(755)(1,509)(1,509)(Loss) gain on dispositions of real estate assets, net(2,149)(2,800)13,261 7,473 Property and casualty (loss) recovery, net— (9)137 (9)Loss from investments in unconsolidated entities(51)(85)(186)(171)Total other (expense) income, net(7,664)(8,687)3,768 (2,381)NET (LOSS) INCOME(7,878)(823)7,230 12,744 Dividends declared on cumulative redeemable preferred stock(6,002)(6,105)(12,004)(12,223)Gain on extinguishment of cumulative redeemable preferred stock, net— 274 — 274 NET (LOSS) INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS$(13,880)$(6,654)$(4,774)$795 NET (LOSS) INCOME PER COMMON SHARE:Basic and diluted$(0.38)$(0.19)$(0.13)$0.02 WEIGHTED-AVERAGE SHARES OF COMMON STOCK OUTSTANDING:Basic and diluted36,184,658 35,838,442 36,184,658 35,838,442 NET (LOSS) INCOME$(7,878)$(823)$7,230 $12,744 Change in fair value related to interest rate hedging instruments(856)(33)(2,174)975 COMPREHENSIVE (LOSS) INCOME$(8,734)$(856)$5,056 $13,719 

The accompanying notes are an integral part of these condensed consolidated financial statements.

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Table of Contents

GLADSTONE LAND CORPORATION AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF EQUITY

(In thousands, except share data)

(Unaudited)

Three Months Ended June 30, 2025 Series B Preferred StockSeries C Preferred StockSeries EPreferred StockCommon StockAdditionalPaid-in CapitalDistributionsin Excess ofAccumulatedEarningsAccumulatedOtherComprehensiveIncomeTotalEquityNo. ofSharesParValueNo. ofSharesParValueNo. ofSharesParValueNo