Gladstone Land Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Equity (Tables)

Equity (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of OP Units Tendered for Redemption

Information related to OP Units tendered for redemption during the years ended December 31, 2018 and 2017 is provided in the table below (dollars in thousands, except per-unit amounts):



Period	OP Units Tendered for Redemption	Shares of Common Stock Issued	OP Units Redeemed with Cash	Aggregate Cash Payment		Aggregate Cash Paid per OP Unit
Year Ended December 31, 2018	437,226	397,811	39,415	$	521	$	13.21
Year Ended December 31, 2017	441,153	246,875	194,278	2,569		$	13.22

Monthly Distributions Declared and Paid by Company's Board of Directors

The per-share distributions to preferred and common stockholders declared by our Board of Directors and paid by us during the years ended December 31, 2018 and 2017 are reflected in the table below.



	For the Years Ended December 31,
Issuance	2018		2017
Series A Term Preferred Stock⁽¹⁾	$	1.59375	$	1.59375
Series B Preferred Stock	0.875		—
Common Stock⁽²⁾	0.5319		0.5238


⁽¹⁾	Treated similar to interest expense on the accompanying Consolidated Statements of Operations.


⁽²⁾	The same amounts were paid as distributions on each OP Unit held by non-controlling limited partners of the Operating Partnership.

Schedule of Distributions on Common Stock

The characterization of distributions on our preferred and common stock during each of the years ended December 31, 2018 and 2017 is reflected in the following table:



	Ordinary Income		Return of Capital		Long-term Capital Gain
For the Year Ended December 31, 2018:
Series A Term Preferred Stock	96.85143	%	3.14857	%	—	%
Series B Preferred Stock	96.85143	%	3.14857	%	—	%
Common Stock	—	%	100.00000	%	—	%
For the Year Ended December 31, 2017:
Series A Term Preferred Stock	82.32594	%	—	%	17.67406	%
Common Stock	26.84290	%	67.39436	%	5.76274	%