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

Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF EQUITY

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 (Loss)	Non- Controlling Interest	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, 2021										5,956,065					3,493,333					0
Beginning balance at Dec. 31, 2021	$ 589,066	$ 586,815	$ 34	$ 668,275	$ (80,467)	$ (1,036)	$ 2,251			$ 6					$ 3					$ 0
Beginning balance, common stock (in shares) at Dec. 31, 2021			34,210,013
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of stock, net (in shares)			840,384												6,736,615
Issuance of stock, net	21,982	21,982	$ 1	21,981									$ 152,739	$ 152,739	$ 7	$ 152,732
Redemptions of preferred stock (in shares)															(38,595)
Redemption of preferred stock net													(901)	(901)	$ (901)	(876)	$ (25)
Redemptions of OP Units	(7,670)	(3,700)		(3,700)			(3,970)
Net income	4,716	4,708			4,708		8
Dividends—cumulative redeemable preferred stock	(19,693)	(19,693)			(19,693)
Distributions—OP Units and common stock	(18,920)	(18,893)			(18,893)		(27)
Comprehensive income attributable to the Company	10,043	10,043				10,043
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership	0	(1,738)		(1,738)			1,738
Ending balance, preferred stock (in shares) at Dec. 31, 2022										5,956,065					10,191,353					0
Ending balance at Dec. 31, 2022	731,362	731,362	$ 35	836,674	(114,370)	9,007	0			$ 6					$ 10					$ 0
Ending balance, common stock (in shares) at Dec. 31, 2022			35,050,397
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of stock, net (in shares)			788,045												14,069					237,441
Issuance of stock, net	15,080	15,080	$ 1	15,079									298	298	$ 0	298		$ 5,301	$ 5,301		$ 5,301
Redemptions of preferred stock (in shares)															(48,913)					(1,600)
Redemption of preferred stock net													$ (1,156)	(1,156)	$ (1,200)	(1,110)	(46)	$ (36)	(36)	$ (36)	(36)
Net income	14,565	14,565			14,565
Dividends—cumulative redeemable preferred stock	(24,371)	(24,371)			(24,371)
Distributions—OP Units and common stock	(19,789)	(19,789)			(19,789)
Comprehensive income attributable to the Company	(1,641)	(1,641)				(1,641)
Ending 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
Ending balance at Dec. 31, 2023	$ 719,613	719,613	$ 36	856,206	(144,011)	7,366	0			$ 6					$ 10					$ 0
Ending balance, common stock (in shares) at Dec. 31, 2023	35,838,442		35,838,442
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of stock, net (in shares)			346,216																	16,595
Issuance of stock, net	$ 4,631	4,631	$ 0	4,631														$ 358	$ 358		$ 358
Redemptions of preferred stock (in shares)										(115,176)					(201,646)					0
Redemption of preferred stock net								$ (2,429)	$ (2,429)		$ (2,562)	$ 133	$ (4,202)	$ (4,202)		$ (4,574)	$ 372
Net income	13,290	13,290			13,290
Dividends—cumulative redeemable preferred stock	(24,250)	(24,250)			(24,250)
Distributions—OP Units and common stock	(20,095)	(20,095)			(20,095)
Comprehensive income attributable to the Company	266	266				266
Ending balance, preferred stock (in shares) at Dec. 31, 2024								5,840,889		5,840,889			9,954,863		9,954,863			252,436		252,436
Ending balance at Dec. 31, 2024	$ 687,182	$ 687,182	$ 36	$ 854,059	$ (174,561)	$ 7,632	$ 0			$ 6					$ 10					$ 0
Ending balance, common stock (in shares) at Dec. 31, 2024	36,184,658		36,184,658