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, 2016

NOTE 8. EARNINGS PER SHARE OF COMMON STOCK

The following table sets forth the computation of basic and diluted earnings per common share for the three months ended March 31, 2016 and 2015, 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 calculation, 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 March 31,
	2016		2015
Net income attributable to the Company	$	234,416	$	24,574
Weighted average number of common shares outstanding –basic and diluted		9,992,941		7,753,717

Basic and diluted earnings per common share	$	0.02	$	0.00

For the three months ended March 31, 2016, the weighted-average number of OP Units held by non-controlling limited partners was 237,698. There were no OP Units held by anyone other than the Company during 2015.