Company: LANDO
Filing Date: 2025-02-19
Form Type: 10-K
Source: 0001495240-25-000005
Chunk: 139

Company: GLADSTONE LAND Corp
Filing Date: 2025-02-19
Form: 10-K
Item: Item 8
Chunk 139
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62,055)Capital expenditures on existing real estate assets(5,197)(12,805)(20,126)Contributions to unconsolidated real estate entities— — (2,749)Proceeds from dispositions of real estate assets, net68,505 9,037 — Deposits on prospective real estate acquisitions and investments— — (554)Net cash provided by (used in) investing activities63,308 (3,768)(85,484)CASH FLOWS FROM FINANCING ACTIVITIES:Borrowings from lines of credit3,400 200 — Repayments of lines of credit— (100)— Borrowings from notes and bonds payable— — 9,932 Repayments of notes and bonds payable(50,519)(53,015)(51,651)Payments of financing fees(50)(192)(948)Proceeds from issuance of preferred and common equity5,094 21,268 188,106 Offering costs(104)(763)(13,751)Redemptions of cumulative redeemable preferred stock (6,630)(1,191)(901)Payments for redemptions of OP Units— — (7,670)Dividends paid on cumulative redeemable preferred stock(24,248)(25,301)(18,068)Distributions paid on OP Units— — (27)Distributions paid on common stock(20,095)(19,789)(18,893)Net cash (used in) provided by financing activities(93,152)(78,883)86,129 NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS(296)(42,570)44,433 CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD18,571 61,141 16,708 CASH AND CASH EQUIVALENTS AT END OF PERIOD$18,275 $18,571 $61,141 

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

GLADSTONE LAND CORPORATION

CONSOLIDATED STATEMENTS OF CASH FLOWS (Continued)

(In thousands)

SUPPLEMENTAL CASH FLOW INFORMATION:Interest paid(1)$24,396 $26,218 $25,259 NON-CASH INVESTING AND FINANCING INFORMATION:Real estate additions included in Accounts payable and accrued