Gladstone Land Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Earnings Per Share of Common Stock

Earnings Per Share of Common Stock

12 Months Ended

Dec. 31, 2021

EARNINGS PER SHARE OF COMMON STOCK

The following table sets forth the computation of basic and diluted earnings per common share for the years ended December 31, 2021 and 2020, computed using the weighted-average number of common 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 (dollars in thousands, except per-share amounts).


	For the Years Ended December 31,
	2021		2020
Net loss attributable to common stockholders	$	(8,763)	$	(4,396)
Weighted average shares of common stock outstanding – basic and diluted	30,357,268		22,258,121
Loss per common share – basic and diluted	$	(0.29)	$	(0.20)

The weighted-average number of OP Units held by non-controlling OP Unitholders was 166,067 and 131,745 for the years ended December 31, 2021 and 2020, respectively.