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

6 Months Ended

Jun. 30, 2024

The following table sets forth the computation of basic and diluted earnings per common share for the three and six months ended June 30, 2024 and 2023, 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.


	Three Months Ended June 30,				Six Months Ended June 30,
(Dollars in thousands, except per-share amounts):	2024		2023		2024		2023
Net (loss) income attributable to common stockholders	$	(6,654)	$	1,727	$	795	$	(2,593)
Weighted average shares of common stock outstanding – basic and diluted	35,838,442		35,722,836		35,838,442		35,635,601
(Loss) income per common share – basic and diluted	$	(0.19)	$	0.05	$	0.02	$	(0.07)

There were no OP Units held by non-controlling OP Unitholders during either of three or six months ended June 30, 2024 or 2023