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 ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Other Comprehensive Loss	Distributions in Excess of Accumulated Earnings	Total Stockholders’ Equity	Non- Controlling Interests	Series B Preferred Stock	Series B Preferred Stock Preferred Stock	Series B Preferred Stock Additional Paid-in Capital	Series B Preferred Stock Total Stockholders’ Equity	Series C Preferred Stock	Series C Preferred Stock Preferred Stock	Series C Preferred Stock Additional Paid-in Capital	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, 2019									4,755,869
Beginning balance, common stock (in shares) at Dec. 31, 2019		20,936,658
Beginning balance at Dec. 31, 2019	$ 278,970	$ 21	$ 315,770	$ (390)	$ (38,785)	$ 276,621	$ 2,349		$ 5
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of stock, net (in shares)									1,229,531								409,800
Issuance of stock, net								$ 27,116	$ 1	$ 27,115	$ 27,116					$ 5,324	$ 0	$ 5,324	$ 5,324
Redemptions of Series B Preferred Stock (in shares)									(7,753)
Redemptions of Series B Preferred Stock								$ (185)		$ (185)	$ (185)
Net income	3,101				3,059	3,059	42
Dividends—Preferred Stock	(2,125)				(2,125)	(2,125)
Distributions—OP Units and common stock	(2,889)				(2,850)	(2,850)	(39)
Comprehensive income attributable to the Company	(1,257)			(1,257)		(1,257)
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership	0		(4)			(4)	4
Ending balance, preferred stock (in shares) at Mar. 31, 2020									5,977,647
Ending balance, common stock (in shares) at Mar. 31, 2020		21,346,458
Ending balance at Mar. 31, 2020	$ 308,055	$ 21	348,020	(1,647)	(40,701)	305,699	2,356		$ 6
Beginning balance, preferred stock (in shares) at Dec. 31, 2020								5,956,065	5,956,065			1,088,435	1,088,435
Beginning balance, common stock (in shares) at Dec. 31, 2020	26,219,019	26,219,019
Beginning balance at Dec. 31, 2020	$ 383,790	$ 26	440,470	(1,500)	(55,213)	383,790	0		$ 6				$ 1
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of stock, net (in shares)													535,678				1,312,932
Issuance of stock, net												$ 12,171	$ 1	$ 12,170	$ 12,171	$ 22,230	$ 1	$ 22,229	$ 22,230
Issuance of OP Units as consideration in real estate acquisitions, net	3,970						3,970
Net income	554				553	553	1
Dividends—Preferred Stock	(2,764)				(2,764)	(2,764)
Distributions—OP Units and common stock	(3,651)				(3,642)	(3,642)	(9)
Comprehensive income attributable to the Company	1,367			1,367		1,367
Adjustment to non-controlling interests resulting from changes in ownership of the Operating Partnership	$ 0		2,127			2,127	(2,127)
Ending balance, preferred stock (in shares) at Mar. 31, 2021								5,956,065	5,956,065			1,624,113	1,624,113
Ending balance, common stock (in shares) at Mar. 31, 2021	27,531,951	27,531,951
Ending balance at Mar. 31, 2021	$ 417,667	$ 27	$ 476,996	$ (133)	$ (61,066)	$ 415,832	$ 1,835		$ 6				$ 2