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, 2021

The following table sets forth the computation of basic and diluted earnings per common share for the three and nine months ended September 30, 2021 and 2020, 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):	2021		2020		2021		2020
Net loss attributable to common stockholders	$	(1,639)	$	(837)	$	(7,319)	$	(1,981)
Weighted average shares of common stock outstanding – basic and diluted	31,362,423		21,991,291		29,215,628		21,558,859
Loss per common share – basic and diluted	$	(0.05)	$	(0.04)	$	(0.25)	$	(0.09)

The weighted-average number of OP Units held by non-controlling OP Unitholders was 204,778 and 153,021 for the three and nine months ended September 30, 2021, respectively, and 16,452 and 175,981 for the three and nine months ended September 30, 2020, respectively.