Gladstone Land Corporation Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

CONSOLIDATED STATEMENTS OF EQUITY

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Distributions in Excess of Accumulated Earnings	Accumulated Other Comprehensive Income (Loss)	Series B Preferred Stock	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 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 Preferred Stock	Series E Preferred Stock Additional Paid-in Capital	Series E Preferred Stock Distributions in Excess of Accumulated Earnings
Beginning balance, preferred stock (in shares) at Dec. 31, 2022							5,956,065				10,191,353				0
Beginning balance at Dec. 31, 2022	$ 731,362	$ 35	$ 836,674	$ (114,370)	$ 9,007		$ 6				$ 10				$ 0
Beginning 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	$ 1	15,079							$ 298		$ 298		$ 5,301		$ 5,301
Redemptions of preferred stock (in shares)											(48,913)				(1,600)
Redemption of preferred stock net										(1,156)	$ (1,200)	(1,110)	$ (46)	(36)	$ (36)	(36)
Net income	14,565			14,565
Dividends—cumulative redeemable preferred stock	(24,371)			(24,371)
Distributions—OP Units and common stock	(19,789)			(19,789)
Comprehensive income (loss) attributable to the Company	(1,641)				(1,641)
Ending balance, preferred stock (in shares) at Dec. 31, 2023							5,956,065				10,156,509				235,841
Ending balance at Dec. 31, 2023	719,613	$ 36	856,206	(144,011)	7,366		$ 6				$ 10				$ 0
Ending balance, common stock (in shares) at Dec. 31, 2023		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											$ 358		358
Redemptions of preferred stock (in shares)							(115,176)				(201,646)				0
Redemption of preferred stock net						$ (2,429)		$ (2,562)	$ 133	$ (4,202)		$ (4,574)	$ 372		$ 0
Net income	13,290			13,290
Dividends—cumulative redeemable preferred stock	(24,250)			(24,250)
Distributions—OP Units and common stock	(20,095)			(20,095)
Comprehensive income (loss) attributable to the Company	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	$ 36	854,059	(174,561)	7,632		$ 6				$ 10				$ 0
Ending balance, common stock (in shares) at Dec. 31, 2024	36,184,658	36,184,658
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of stock, net (in shares)		1,830,260													400
Issuance of stock, net	$ 16,882	$ 2	16,880											$ 5		5
Redemptions of preferred stock (in shares)															(4,350)
Redemption of preferred stock net														$ (102)	$ (102)	$ (97)	$ (5)
Net income	13,529			13,529
Dividends—cumulative redeemable preferred stock	(24,008)			(24,008)
Distributions—OP Units and common stock	(20,466)			(20,466)
Comprehensive income (loss) attributable to the Company	(2,736)				(2,736)
Ending balance, preferred stock (in shares) at Dec. 31, 2025						5,840,889	5,840,889			9,954,863	9,954,863			248,486	248,486
Ending balance at Dec. 31, 2025	$ 670,286	$ 38	$ 870,847	$ (205,511)	$ 4,896		$ 6				$ 10				$ 0
Ending balance, common stock (in shares) at Dec. 31, 2025	38,014,918	38,014,918