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 ($)	Total	Common Stock	Additional Paid-in Capital	Distributions in Excess of Accumulated Earnings	Accumulated Other Comprehensive Loss	Total Stockholders’ Equity	Non- Controlling Interests	Series B Preferred Stock	Series B Preferred Stock Preferred Stock	Series C Preferred Stock	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 C Preferred Stock Total Stockholders’ Equity	Common Stock	Common Stock Common Stock	Common Stock Additional Paid-in Capital	Common Stock Total Stockholders’ Equity
Beginning balance, preferred stock (in shares) at Dec. 31, 2020									5,956,065		1,088,435
Beginning balance at Dec. 31, 2020	$ 383,790,000	$ 26,000	$ 440,470,000	$ (55,213,000)	$ (1,500,000)	$ 383,790,000	$ 0		$ 6,000		$ 1,000
Beginning balance, common stock (in shares) at Dec. 31, 2020		26,219,019
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of stock, net (in shares)											535,678					1,312,932
Issuance of stock, net										$ 12,171,000	$ 1,000	$ 12,170,000		$ 12,171,000	$ 22,230,000	$ 1,000	$ 22,229,000	$ 22,230,000
Issuance of OP Units as consideration in real estate acquisitions, net	3,970,000						3,970,000
Net income	554,000			553,000		553,000	1,000
Dividends—Preferred Stock	(2,764,000)			(2,764,000)		(2,764,000)
Distributions—OP Units and common stock	(3,651,000)			(3,642,000)		(3,642,000)	(9,000)
Comprehensive income (loss) attributable to the Company	1,367,000				1,367,000	1,367,000
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership	0		2,127,000			2,127,000	(2,127,000)
Ending balance, preferred stock (in shares) at Mar. 31, 2021									5,956,065		1,624,113
Ending balance at Mar. 31, 2021	417,667,000	$ 27,000	476,996,000	(61,066,000)	(133,000)	415,832,000	1,835,000		$ 6,000		$ 2,000
Ending balance, common stock (in shares) at Mar. 31, 2021		27,531,951
Beginning balance, preferred stock (in shares) at Dec. 31, 2021								5,956,065	5,956,065	3,493,333	3,493,333
Beginning balance at Dec. 31, 2021	$ 589,066,000	$ 34,000	668,275,000	(80,467,000)	(1,036,000)	586,815,000	2,251,000		$ 6,000		$ 3,000
Beginning balance, common stock (in shares) at Dec. 31, 2021	34,210,013	34,210,013
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of stock, net (in shares)											1,554,170					310,055
Issuance of stock, net										$ 35,283,000	$ 2,000	35,281,000		35,283,000	$ 10,322,000	$ 1,000	$ 10,321,000	$ 10,322,000
Redemptions of Preferred Stock (in shares)											(2,480)
Redemptions of Preferred Stock										$ (59,000)	$ (59,000)	$ (56,000)	$ (3,000)	$ (59,000)
Net income	$ 1,187,000			1,178,000		1,178,000	9,000
Dividends—Preferred Stock	(3,912,000)			(3,912,000)		(3,912,000)
Distributions—OP Units and common stock	(4,692,000)			(4,664,000)		(4,664,000)	(28,000)
Comprehensive income (loss) attributable to the Company	4,730,000				4,730,000	4,730,000
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership	0		(16,000)			(16,000)	16,000
Ending balance, preferred stock (in shares) at Mar. 31, 2022								5,956,065	5,956,065	5,045,023	5,045,023
Ending balance at Mar. 31, 2022	$ 631,925,000	$ 35,000	$ 713,805,000	$ (87,868,000)	$ 3,694,000	$ 629,677,000	$ 2,248,000		$ 6,000		$ 5,000
Ending balance, common stock (in shares) at Mar. 31, 2022	34,520,068	34,520,068