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

3 Months Ended

Mar. 31, 2023

EARNINGS PER SHARE OF COMMON STOCKThe following table sets forth the computation of basic and diluted earnings per common share for the three months ended March 31, 2023 and 2022, 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 March 31,
(Dollars in thousands, except per-share amounts):	2023		2022
Net loss attributable to common stockholders	$	(4,320)	$	(2,737)
Weighted average shares of common stock outstanding – basic and diluted	35,547,397		34,285,002
Loss per common share – basic and diluted	$	(0.12)	$	(0.08)

The weighted-average number of OP Units held by non-controlling OP Unitholders was 0 and 204,778 for the three months ended March 31, 2023 and 2022, respectively.