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

Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Equity

Condensed Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Total Stockholders’ Equity	Common Stock	Additional Paid-in Capital	Distributions in Excess of Accumulated Earnings	Accumulated Other Comprehensive Income	Non- Controlling Interests	Series B Preferred Stock	Series B Preferred Stock Total Stockholders’ Equity	Series B Preferred Stock Preferred Stock	Series B Preferred Stock Additional Paid-in Capital	Series B Preferred Stock Distributions in Excess of Accumulated Earnings	Series C Preferred Stock	Series C Preferred Stock Total Stockholders’ Equity	Series C Preferred Stock Preferred Stock	Series C Preferred Stock Additional Paid-in Capital	Series C Preferred Stock Distributions in Excess of Accumulated Earnings	Series E Preferred Stock	Series E Preferred Stock Total Stockholders’ Equity	Series E Preferred Stock Preferred Stock	Series E Preferred Stock Additional Paid-in Capital
Beginning balance, preferred stock (in shares) at Dec. 31, 2022										5,956,065					10,191,353					0
Beginning balance at Dec. 31, 2022	$ 731,362	$ 731,362	$ 35	$ 836,674	$ (114,370)	$ 9,007	$ 0			$ 6					$ 10					$ 0
Beginning balance, common stock (in shares) at Dec. 31, 2022			35,050,397
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Redemptions of preferred stock, net (in shares)															(48,913)
Redemptions of preferred stock, net													$ (1,176)	$ (1,176)	$ (1,200)	$ (1,130)	$ (46)
Issuance of stock, net (in shares)			729,685												14,069					135,409
Issuance of stock, net	14,078	14,078	$ 1	14,077									318	318		318		$ 3,028	$ 3,028		$ 3,028
Net income (loss)	9,605	9,605			9,605
Dividends—cumulative redeemable preferred stock	(12,152)	(12,152)			(12,152)
Distributions—OP Units and common stock	(9,836)	(9,836)			(9,836)
Comprehensive income (loss) attributable to the Company	(293)	(293)				(293)
Ending balance, preferred stock (in shares) at Jun. 30, 2023										5,956,065					10,156,509					135,409
Ending balance at Jun. 30, 2023	734,934	734,934	$ 36	852,967	(126,799)	8,714	0			$ 6					$ 10					$ 0
Ending balance, common stock (in shares) at Jun. 30, 2023			35,780,082
Beginning balance, preferred stock (in shares) at Mar. 31, 2023										5,956,065					10,195,602					60,200
Beginning balance at Mar. 31, 2023	734,880	734,880	$ 36	851,063	(123,594)	7,359	0			$ 6					$ 10					$ 0
Beginning balance, common stock (in shares) at Mar. 31, 2023			35,713,982
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Redemptions of preferred stock, net (in shares)															(39,093)
Redemptions of preferred stock, net													$ (951)	(951)	$ (951)	(907)	(44)
Issuance of stock, net (in shares)			66,100																	75,209
Issuance of stock, net	1,132	1,132	$ 0	1,132														$ 1,679	1,679		1,679
Net income (loss)	7,855	7,855			7,855
Dividends—cumulative redeemable preferred stock	(6,084)	(6,084)			(6,084)
Distributions—OP Units and common stock	(4,932)	(4,932)			(4,932)
Comprehensive income (loss) attributable to the Company	1,355	1,355				1,355
Ending balance, preferred stock (in shares) at Jun. 30, 2023										5,956,065					10,156,509					135,409
Ending balance at Jun. 30, 2023	734,934	734,934	$ 36	852,967	(126,799)	8,714	0			$ 6					$ 10					$ 0
Ending balance, common stock (in shares) at Jun. 30, 2023			35,780,082
Beginning balance, preferred stock (in shares) at Dec. 31, 2023								5,956,065		5,956,065			10,156,509		10,156,509			235,841		235,841
Beginning balance at Dec. 31, 2023	$ 719,613	719,613	$ 36	856,206	(144,011)	7,366	0			$ 6					$ 10					$ 0
Beginning balance, common stock (in shares) at Dec. 31, 2023	35,838,442		35,838,442
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Redemptions of preferred stock, net (in shares)										(54,735)					(86,042)
Redemptions of preferred stock, net								$ (1,133)	$ (1,133)		$ (1,217)	$ 84	$ (1,762)	(1,762)		(1,952)	190
Issuance of stock, net (in shares)																				12,140
Issuance of stock, net																		$ 265	265		265
Net income (loss)	$ 12,744	12,744			12,744
Dividends—cumulative redeemable preferred stock	(12,223)	(12,223)			(12,223)
Distributions—OP Units and common stock	(10,010)	(10,010)			(10,010)
Comprehensive income (loss) attributable to the Company	975	975				975
Ending balance, preferred stock (in shares) at Jun. 30, 2024								5,901,330		5,901,330			10,070,467		10,070,467			247,981		247,981
Ending balance at Jun. 30, 2024	$ 708,469	708,469	$ 36	853,302	(153,226)	8,341	0			$ 6					$ 10					$ 0
Ending balance, common stock (in shares) at Jun. 30, 2024	35,838,442		35,838,442
Beginning balance, preferred stock (in shares) at Mar. 31, 2024										5,956,065					10,156,509					247,181
Beginning balance at Mar. 31, 2024	$ 723,319	723,319	$ 36	856,455	(141,562)	8,374				$ 6					$ 10					$ 0
Beginning balance, common stock (in shares) at Mar. 31, 2024			35,838,442
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Redemptions of preferred stock, net (in shares)										(54,735)					(86,042)
Redemptions of preferred stock, net								$ (1,133)	$ (1,133)		$ (1,217)	$ 84	$ (1,762)	$ (1,762)		$ (1,952)	$ 190
Issuance of stock, net (in shares)																				800
Issuance of stock, net																		$ 16	$ 16		$ 16
Net income (loss)	(823)	(823)			(823)
Dividends—cumulative redeemable preferred stock	(6,105)	(6,105)			(6,105)
Distributions—OP Units and common stock	(5,010)	(5,010)			(5,010)
Comprehensive income (loss) attributable to the Company	(33)	(33)				(33)
Ending balance, preferred stock (in shares) at Jun. 30, 2024								5,901,330		5,901,330			10,070,467		10,070,467			247,981		247,981
Ending balance at Jun. 30, 2024	$ 708,469	$ 708,469	$ 36	$ 853,302	$ (153,226)	$ 8,341	$ 0			$ 6					$ 10					$ 0
Ending balance, common stock (in shares) at Jun. 30, 2024	35,838,442		35,838,442