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

Quarterly report pursuant to Section 13 or 15(d)

Earnings Per Share of Common Stock

Earnings Per Share of Common Stock

3 Months Ended

Mar. 31, 2021

The following table sets forth the computation of basic and diluted earnings per common share for the three months ended March 31, 2021 and 2020, computed using the weighted average number of shares outstanding during the respective periods. Earnings figures are presented net of non-controlling interests in the earnings per share calculations. The non-controlling limited partners’ outstanding OP Units (which may be redeemed for shares of common stock) have been excluded from the diluted per-share calculation, as there would be no effect on the amounts since the non-controlling OP Unitholders’ share of earnings would also be added back to net income or loss.


	Three months ended March 31,
	2021		2020
	(Dollars in thousands, except per-share amounts)
Net (loss) income attributable to common stockholders	$	(2,211)	$	934
Weighted average shares of common stock outstanding – basic and diluted	26,874,630		21,262,080
(Loss) Income per common share – basic and diluted	$	(0.08)	$	0.04

The weighted-average number of OP Units held by non-controlling OP Unitholders was 47,782 and 288,303 for the three months ended March 31, 2021 and 2020, respectively.