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

9 Months Ended

Sep. 30, 2022

The following table sets forth the computation of basic and diluted earnings per common share for the three and nine months ended September 30, 2022 and 2021, 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 September 30,				Nine Months Ended September 30,
(Dollars in thousands, except per-share amounts):	2022		2021		2022		2021
Net loss attributable to common stockholders	$	(3,594)	$	(1,639)	$	(10,204)	$	(7,319)
Weighted average shares of common stock outstanding – basic and diluted	34,607,440		31,362,423		34,472,018		29,215,628
Loss per common share – basic and diluted	$	(0.10)	$	(0.05)	$	(0.30)	$	(0.25)

The weighted-average number of OP Units held by non-controlling OP Unitholders was 0 and 82,511 for the three and nine months ended September 30, 2022, respectively, and 204,778 and 153,021 for the three and three and nine months ended September 30, 2021, respectively