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, 2017

The following table sets forth the computation of basic and diluted earnings per common share for the three and six months ended June 30, 2017 and 2016, computed using the weighted average number of shares outstanding during the respective periods. The non-controlling limited partners’ outstanding OP Units (which may be redeemed for shares of common stock) have been excluded from the diluted earnings per share calculations, as there would be no effect on the amounts since the non-controlling limited partners’ share of income would also be added back to net income. Net income figures are presented net of non-controlling interests in the earnings per share calculations.



	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2017		2016		2017		2016
	(Dollars in thousands, except per-share amounts)
Net income attributable to the Company	$	227	$	108	$	379	$	342
Weighted average number of common shares outstanding – basic and diluted	11,850,624		9,992,941		11,127,199		9,992,941
Earnings per common share – basic and diluted	$	0.02	$	0.01	$	0.03	$	0.03

The weighted-average number of OP Units held by non-controlling limited partners was 1,449,258 for both the three and six months ended June 30, 2017, and 745,978 and 491,788 for the three and six months ended June 30, 2016, respectively.