Gladstone Land Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Related-Party Transactions (Tables)

Related-Party Transactions (Tables)

3 Months Ended

Mar. 31, 2017

Summary of Management Fees, Incentive Fees and Associated Credits and Administration Fees

The following table summarizes the management fees, incentive fees and associated credits and the administration fees reflected in our accompanying Condensed Consolidated Statements of Operations (dollars in thousands):



	For the Three Months Ended March 31,
	2017		2016
Management fee⁽¹⁾⁽²⁾	$	394	$	387
Incentive fee⁽¹⁾⁽²⁾	350		—
Net fees due to our Adviser	$	744	$	387
Administration fee⁽¹⁾⁽²⁾	$	227	$	212


⁽¹⁾	Pursuant to the Advisory and Administration Agreements, respectively.


⁽²⁾	Reflected as a line item on our accompanying Condensed Consolidated Statements of Operations.

Details of Amounts Due to Related Parties on Our Accompanying Condensed Consolidated Balance Sheets

Amounts due to related parties on our accompanying Condensed Consolidated Balance Sheets as of March 31, 2017, and December 31, 2016, were as follows (dollars in thousands):



	March 31, 2017		December 31, 2016
Management fee due to Adviser	$	394	$	384
Incentive fee due to Adviser	350		169
Other due to Adviser⁽¹⁾	9		2
Total due to Adviser	753		555
Administration fee due to Administrator	227		202
Other due from Administrator⁽¹⁾	—		(6		)
Total due to Administrator	227		196
Total due to related parties⁽²⁾	$	980	$	751


⁽¹⁾	Other fees due to or from related parties primarily relate to miscellaneous general and administrative expenses paid by our Adviser or Administrator on our behalf or by us on our Adviser's or Administrator's behalf.


⁽²⁾	Reflected as a line item on our accompanying Condensed Consolidated Balance Sheets.